Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Other Revenues	$ 0	$ 12,698	$ 215,368	$ 46,778
Total Revenues	860,000	788,181	2,319,118	2,554,962
Costs and other Deductions:
Costs of goods sold	(390,000)	0	(1,947,200)	(1,899,000)
Gross profit	470,000	788,181	371,918	655,962
Operating expenses:
Corporate expenses	(230,342)	(497,629)	(419,610)	(790,797)
Operating expenses of commodities trade	(240,000)	0	(559,796)	0
Fleet operating expenses	(125,595)	0	(508,444)	0
General and administrative expenses	(27,687)	(1,268,911)	(105,916)	(2,456,502)
Amortization expense	0	(41,158)	(1,534)	(49,948)
Depreciation expense	(120,202)	(159,101)	(428,652)	(465,996)
Total operating expenses	(743,826)	(1,966,799)	(2,023,952)	(3,763,243)
Operating income / (loss) before other expenses and income tax	(273,826)	(1,178,618)	(1,652,034)	(3,107,281)
Other Income / (expense), net:
Interest and finance expenses	0	(19,250)	0	(38,888)
Amortization of note discount	0	0	0	(174,292)
Change in fair market value of derivative liabilities	0	1,626,853	0	740,366
Other income / (expense), net	(1,329,167)	29,907	(1,346,266)	(38,245)
Total other income / (expense), net	(1,329,167)	1,637,510	(1,346,266)	488,941
Income / (loss) before income taxes	(1,602,993)	458,892	(2,998,300)	(2,618,340)
Income tax expense			0	0
Net income / (loss)	(1,602,993)	458,892	(2,998,300)	(2,618,340)
Net income / (loss) attributable to:
Shareholders of the Company	(1,602,993)	458,892	(2,998,300)	(2,618,340)
Non-controlling interests	0	0	0	0
Other comprehensive loss, net of tax
Comprehensive income / (loss)	(1,602,993)	458,892	(2,998,300)	(2,618,340)
Comprehensive income / (loss) attributable to:
Shareholders of the Company	(1,602,993)	458,892	(2,998,300)	(2,618,340)
Non-controlling interests	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding
Basic (in shares)	35,173,965	9,803,712	35,173,965	9,803,712
Diluted (in shares)	0	0	0	0
Basic earnings per share (in dollars per share)	$ (0.05)	$ 0.05	$ (0.08)	$ (0.27)
Diluted earnings per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Crude Oil Sales [Member]
Revenues:
Revenues	$ 620,000	$ 0	$ 620,000	$ 749,200
Costs and other Deductions:
Costs of goods sold	(620,000)	0	(620,000)	(1,250,000)
Gas Oil Sales [Member]
Revenues:
Revenues	0	0	870,000	622,000
Costs and other Deductions:
Costs of goods sold	0	0	(630,000)	(520,000)
Lubricants [Member]
Revenues:
Revenues	0	0	58,750	143,501
Costs and other Deductions:
Costs of goods sold	0	0	(68,660)	(129,000)
Freights and Hires [Member]
Revenues:
Revenues	240,000	755,483	555,000	993,483
Vessels Leases and Charters [Member]
Costs and other Deductions:
Costs of goods sold	$ 230,000		$ (628,540)	$ 0

PETROGRESS, INC 10-Q