P2 Solar, Inc. (PTOS)
P2 Solar, Inc. engages in the construction of residential and commercial rooftop, and ground mount solar power plants in Canada. It operates as a developer of solar photovoltaic power and mini hydro projects. The company was founded on November 21, 1990 and is headquartered in Surrey, Canada.
Sector: Construction - Special Trade Contractors
Industry: Electrical Equipment & Parts
P2 Solar Inc.
OTC:PTOSIndustrials · Electrical Equipment & Parts
Mkt Cap$1.54M
Float73.83M
O/S128.57M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$9K
Net Income-$30K
Total Assets$103K
Free Cash Flow-$70K
Debt & Equity
Total Debt$541K
Total Equity-$1.07M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PTOS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$103K
Liabilities$1.17M
Accounts Receivable$9K
Accounts Payable$206K
Inventory$0
PP&E (Net)$0
Goodwill$90K
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 |
| Revenue | $9K | $26K | $166K | $0 | $0 | $0 | $0 | $238K | $153K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $730 | $37K |
| YoY Growth | -65.2% | -84.1% | - | - | - | - | - | 55.7% | - | - | - | - | - | - | - | - | -98.0% | - |
| Cost of Revenue | $179 | $4K | $99K | $0 | $0 | $0 | $0 | $0 | $125K | $75K | $75K | $0 | $0 | $0 | $0 | $0 | $447 | $24K |
| Gross Profit | $9K | $22K | $67K | $0 | $0 | $0 | $0 | $238K | $28K | -$75K | -$75K | $0 | $0 | $0 | $0 | $0 | $283 | $13K |
| Gross Margin | 98.1% | 83.4% | 40.3% | - | - | - | - | 100.0% | 18.5% | - | - | - | - | - | - | - | 38.8% | 35.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $20K |
| Selling, General, and Administrative | $96K | $125K | $182K | $88K | $93K | $83K | $65K | $73K | $473K | $164K | $773K | $384K | $877K | $135K | $167K | $185K | $140K | $129K |
| Other | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $96K | $125K | $182K | $88K | $93K | $91K | $65K | $73K | $473K | $164K | $773K | $384K | $877K | $135K | $168K | $185K | $146K | $153K |
| Operating Income (EBIT) | -$87K | -$103K | -$115K | -$88K | -$93K | -$91K | -$65K | $165K | -$450K | -$180K | -$2.59M | -$2.98M | -$877K | -$135K | -$168K | -$185K | -$146K | -$139K |
| Operating Margin | -943.3% | -391.7% | -69.1% | - | - | - | - | 69.2% | -293.9% | - | - | - | - | - | - | - | -19978.8% | -376.3% |
| Interest Expense | $8K | $31K | $33K | $32K | $31K | $14K | $30K | $27K | $9K | $776 | $2K | $12K | $31K | $23K | $110K | $0 | $50K | $35K |
| Interest Income | $0 | $0 | $0 | $32K | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $52K | $63K | $70K | $95K | $0 | $0 | $0 |
| Other Income (Expense) | $57K | $69K | -$33K | -$89K | -$27K | -$14K | $20K | -$27K | $26K | -$776 | -$1.83M | -$2.56M | $31K | $47K | $36K | -$28K | -$47K | -$29K |
| Income Before Tax (EBT) | -$30K | -$34K | -$148K | -$178K | -$120K | -$105K | -$45K | $138K | -$424K | -$181K | -$2.59M | -$2.94M | -$846K | $0 | -$118K | -$184K | -$145K | -$133K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 | -$1.81M | -$2.64M | $6K | $89K | $18K | $50K | $56K | $29K |
| Net Income | -$30K | -$34K | -$148K | -$178K | -$120K | -$105K | -$45K | $138K | -$424K | -$181K | -$2.59M | -$2.94M | -$852K | -$89K | -$136K | -$235K | -$201K | -$168K |
| Net Income Margin | -328.0% | -130.7% | -89.3% | - | - | - | - | 57.9% | -277.1% | - | - | - | - | - | - | - | -27602.5% | -453.3% |
| Supplementary Data | ||||||||||||||||||
| EPS | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.05 | -0.07 | -0.02 | -0.00 | -0.01 | -0.02 | -0.02 | -0.02 |
| Diluted EPS | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 | -0.00 | -0.05 | -0.07 | -0.02 | -0.00 | -0.01 | -0.02 | -0.02 | -0.02 |
| Weighted Average OS | 127.01M | 73.93M | 67.95M | 67.95M | 67.95M | 67.95M | 67.95M | 67.95M | 60.84M | 57.63M | 54.54M | 44.70M | 35.42M | 29.03M | 17.75M | 15.05M | 9.38M | 9.38M |
| EBITDA | -$87K | $100K | -$570 | -$57K | $4K | $116K | $157K | $165K | $29K | $20K | -$773K | -$333K | -$815K | -$66K | -$24K | -$181K | -$143K | -$145K |
| EBITDA Margin | -943.3% | 377.3% | -0.3% | - | - | - | - | 69.2% | 19.3% | - | - | - | - | - | - | - | -19637.8% | -391.4% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $14 | $0 | $213 | $8K | $8K | $0 | $3 | $2K | $5K | $3K | $5K | $3K | $12K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $118K | $249K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $14 | $0 | $213 | $8K | $8K | $0 | $3 | $2K | $5K | $3K | $5K | $121K | $261K | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $9K | $9K | $20K | $9K | $11K | $11K | $10K | $10K | $8K | $0 | $0 | $1.76M | $1.71M | $1.65M | $0 | $0 | $0 | $3K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $28K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $3K | $0 |
| Total Current Assets | $13K | $12K | $24K | $17K | $23K | $11K | $10K | $12K | $84K | $10K | $12K | $2.03M | $1.98M | $1.66M | $4K | $18K | $12K | $32K |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65K | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $11K |
| Goodwill | $90K | $90K | $90K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $1M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $74K | $0 | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.58M | $0 | $0 | $0 |
| Total Long-Term Assets | $90K | $90K | $90K | $90K | $0 | $0 | $0 | $0 | $74K | $65K | $0 | $0 | $1M | $1.01M | $1.58M | $0 | $9K | $11K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $103K | $103K | $115K | $20K | $23K | $11K | $10K | $12K | $158K | $75K | $12K | $2.03M | $2.98M | $2.67M | $1.58M | $18K | $21K | $43K |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $206K | $254K | $270K | $220K | $225K | $300K | $249K | $277K | $162K | $171K | $88K | $78K | $70K | $66K | $93K | $80K | $86K | $79K |
| Short-Term Debt | $541K | $149K | $1.3M | $1.22M | $1.2M | $0 | $0 | $0 | $125K | $179K | $111K | $129K | $1.52M | $14K | $1.23M | $298K | $1.13M | $94K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $251K | $81K | $0 | $0 | $0 | $0 | $92K | $12K | $30K | $0 |
| Other Current Liabilities | $346K | $4K | $0 | $0 | $0 | $596K | $460K | $432K | $264K | $18K | $133K | $0 | $770K | $1.98M | $0 | $474K | $6K | $8K |
| Total Current Liabilities | $1.09M | $1.04M | $1.86M | $1.71M | $1.66M | $896K | $709K | $710K | $550K | $577K | $343K | $217K | $2.37M | $2.12M | $1.42M | $865K | $1.25M | $203K |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $330K | $291K | $290K | $289K | $187K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $827K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $76K | $76K | $81K | $87K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $76K | $76K | $87K | $87K | $330K | $291K | $290K | $289K | $187K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $827K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.17M | $1.12M | $1.95M | $1.71M | $1.66M | $1.19M | $999K | $999K | $738K | $577K | $343K | $217K | $2.37M | $2.12M | $1.42M | $865K | $1.25M | $1.03M |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $1K | $1K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $127K | $127K | $68K | $68K | $68K | $68K | $68K | $68K | $65K | $57K | $57K | $52K | $33K | $36K | $20K | $15K | $9K | $9K |
| Retained Earnings | -$8.17M | -$8.14M | -$8.11M | -$7.96M | -$7.78M | -$7.61M | -$7.5M | -$7.46M | -$6.92M | -$8.75M | -$8.57M | -$5.98M | -$3.04M | -$1.99M | -$1.9M | -$1.77M | -$1.53M | -$1.33M |
| Comprehensive Income & Other | -$258K | -$235K | -$333K | -$336K | -$466K | -$180K | -$98K | -$140K | -$265K | -$312K | -$307K | -$297K | -$351K | -$130K | $952K | -$169K | -$173K | -$136K |
| Other Stockholders' Equity | $6.98M | $7.01M | $6.21M | $6.21M | $6.08M | $6.36M | $6.44M | $6.4M | $6.27M | $8.19M | $8.18M | $7.74M | $3.62M | $2.5M | $2.04M | $904K | $297K | $333K |
| Total Equity | -$1.07M | -$1.01M | -$1.83M | -$1.69M | -$1.64M | -$1.18M | -$989K | -$987K | -$580K | -$501K | -$331K | $1.82M | $612K | $543K | $164K | -$847K | -$1.22M | -$987K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $103K | $103K | $115K | $20K | $23K | $11K | $10K | $12K | $158K | $75K | $12K | $2.03M | $2.98M | $2.67M | $1.58M | $18K | $21K | $43K |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $541K | $149K | $1.3M | $1.22M | $1.2M | $291K | $290K | $289K | $312K | $179K | $111K | $41K | $0 | $14K | $424K | $298K | $1.13M | $921K |
| Net Debt | $541K | $149K | $1.3M | $537K | $521K | $291K | $290K | $287K | $307K | $176K | $107K | $38K | -$12K | $14K | $424K | $298K | $1.13M | $921K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 |
| Operating Activities | ||||||||||||||||||
| Net Income | -$30K | -$34K | -$148K | -$178K | -$120K | -$105K | -$45K | $138K | -$424K | -$181K | -$2.59M | -$2.94M | -$852K | -$89K | -$136K | -$213K | -$193K | -$168K |
| Depreciation & Amortization | $0 | $103K | $115K | $88K | $93K | $0 | $0 | $0 | $445K | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $3K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $223K | $0 | $0 | $73K | $69K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||
| Accounts Receivable | $344 | $11K | -$12K | -$141 | -$25 | -$1K | $591 | $310 | $858 | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $141 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | -$3K |
| Accounts Payable | -$48K | -$7K | $51K | $12K | $10K | $50K | -$28K | -$9K | $37K | $3K | $11K | $8K | $4K | -$29K | $0 | $0 | $0 | $0 |
| Other Working Capital | $71K | $102K | $82K | $110K | $85K | $0 | $0 | $0 | -$111K | $89K | $142K | -$188K | -$126K | -$98K | $0 | -$59K | $14K | $5K |
| Total Working Capital Change | $24K | $107K | $121K | $123K | $96K | $49K | -$28K | -$8K | -$111K | $91K | $153K | -$180K | -$121K | -$127K | $9K | -$59K | $16K | $2K |
| Other Non-Cash Items | -$9K | -$244K | -$115K | -$88K | -$93K | $0 | $0 | $8K | -$377K | -$110K | -$354K | $2.71M | $632K | $81K | $72K | $151K | $112K | $0 |
| Net Cash from Operating | -$16K | -$69K | -$28K | -$55K | -$24K | -$56K | -$72K | $130K | -$244K | $160 | -$201K | -$335K | -$273K | -$134K | -$55K | -$120K | -$63K | -$163K |
| Investing Activities | ||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11K | $0 | $0 | $0 | -$30K | -$200K | -$1.49M | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11K | -$65K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$65K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11K | -$65K | $0 | $0 | -$21K | -$209K | -$1.49M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||||
| Debt Repaid | - | - | - | - | - | -$137K | - | - | -$269K | -$10K | -$71K | -$5K | $165K | $1.59M | $60K | $442K | -$99K | -$148K |
| Common Stock Issuance | $0 | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $0 | $14K | $125K | $164K | $1.72M | $75K | $559K | $8K | $5K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $25K | $64K | $11K | $0 | -$4K | $0 | $28K | -$153K | -$53K | -$4K | $128K | $163K | -$74K | -$59K | $1.31M | $38K | $0 | $0 |
| Net Cash from Financing | $17K | $45K | $20K | $23K | $45K | $137K | $28K | -$153K | $256K | $67K | $213K | $272K | $551K | $41K | $1.73M | $155K | $107K | $238K |
| Forex Effect | -$812 | $24K | $511 | $32K | -$13K | -$82K | $0 | $0 | $140 | -$4K | -$10K | $54K | -$245K | $303K | -$193K | -$34K | -$44K | -$75K |
| Net Change in Cash | $14 | -$213 | -$7K | -$564 | $8K | $82K | -$2K | -$3K | $938 | -$2K | $2K | -$9K | $12K | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||||||
| Operating Cash Flow | -$70K | -$69K | -$28K | -$55K | -$24K | -$56K | -$72K | $130K | -$244K | $160 | -$201K | -$335K | -$273K | -$134K | -$55K | -$120K | -$63K | -$163K |
| Capital Expenditure | -$5 | $4 | $0 | $0 | -$4 | $0 | $0 | $0 | -$11K | $0 | $0 | $0 | -$30K | -$200K | -$1.49M | $0 | $0 | $0 |
| Free Cash Flow | -$70K | -$69K | -$28K | -$55K | -$24K | -$56K | -$72K | $130K | -$255K | $160 | -$201K | -$335K | -$303K | -$334K | -$1.54M | -$120K | -$63K | -$163K |
| Cash at Beginning | $0 | $213 | $8K | $8K | $82K | $3 | $2K | $5K | $4K | $5K | $3K | $12K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $14 | $0 | $213 | $8K | $8K | $82K | $3 | $2K | $5K | $3K | $5K | $3K | $12K | $0 | $0 | $0 | $0 | $0 |