SusGlobal Energy Corp. filed its Form 10-Q for the quarterly and nine-month periods ended September 30, 2026, with the U.S. Securities and Exchange Commission on November 12, 2026, disclosing continued operating losses and a stockholders' deficiency position.

Key Highlights

  • Q3 2026 net loss: The company reported a net loss of $890,885 for the three-month period ended September 30, 2026.
  • Nine-month net loss: For the nine months ended September 30, 2026, the net loss was $594,272, compared to $4,503,842 for the same period in 2025.
  • Stockholders' deficiency: Total stockholders' deficiency stood at $(31,113,586) as of September 30, 2026, compared to $(31,607,945) at December 31, 2025.
  • Total liabilities: Current liabilities totaled $33,937,636, including convertible promissory notes of $15,216,339 and long-term debt of $5,762,622, both described as in default.
  • Total assets: Total assets were $2,824,050 as of September 30, 2026, down from $8,840,820 at December 31, 2025.
  • Shares outstanding: 142,332,019 common shares were issued and outstanding as of November 12, 2026.
  • Going concern: The filing references a going concern note (note 2) in the financial statements.

SusGlobal Energy's Financial Position and Q3 2026 Operating Results

According to the filing, SusGlobal Energy Corp. recorded a net loss of $890,885 for the three months ended September 30, 2026, compared to a net loss of $1,802,693 for the same quarter in 2025. Revenue for the quarter was reported as $(88), while total operating expenses were $451,977. Interest expense alone accounted for $183,137 of operating expenses in the quarter, the company disclosed.

For the nine-month period ended September 30, 2026, the filing reports revenue of $17,243 against a gross loss of $(190,611) and total operating expenses of $2,617,731. Other income of $2,214,070 for the nine-month period contributed to reducing the nine-month net loss to $594,272, compared to $4,503,842 for the nine months ended September 30, 2025, according to the filing. The nine-month comprehensive income was $494,359, reflecting $1,088,631 of foreign exchange income recorded in other comprehensive income.

The balance sheet as of September 30, 2026, shows total assets of $2,824,050, of which $2,680,070 were classified as long-lived assets held for sale. Total current liabilities were $33,937,636, including accounts payable of $2,650,706, accrued liabilities of $7,710,480, convertible promissory notes of $15,216,339 described as in default, and current portion of long-term debt of $5,762,622 also described as in default. The accumulated deficit reached $(52,710,843) as of September 30, 2026, the filing stated. The company is classified as a non-accelerated filer and smaller reporting company.

What Was Disclosed

SusGlobal Energy Corp. filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing a net loss of $890,885 for Q3, an accumulated deficit of $(52,710,843), significant debt in default, and a going concern reference in its financial statements.