ROYALE ENERGY FUNDS, INC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1870 CORDELL COURT, SUITE 210 EL CAJON, CA 92020 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 4,995 | 3,764 | 3,062 | 4,895 | 1,490 | |||
| Cash and cash equivalents | 4,995 | 3,764 | 3,062 | 4,878 | 1,490 | |||
| Short-term investments | 16 | |||||||
| Receivables | 980 | 529 | 2,253 | 1,681 | 3,969 | |||
| Inventory, net of allowances, customer advances and progress billings | 317 | 612 | ||||||
| Inventory | 317 | 612 | ||||||
| Prepaid expense | 63 | 114 | 158 | 685 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 469 | ||
| Deferred tax assets | 126 | 62 | 108 | |||||
| Other undisclosed current assets | (126) | (62) | (108) | |||||
| Total current assets: | 6,038 | 4,407 | 5,474 | 7,577 | 6,541 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1,733 | 6,532 | 7,595 | 7,237 | 10,956 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 9,571 | |||||||
| Other noncurrent assets | 611 | 731 | 511 | 1 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | ||
| Deferred tax assets, net | (151) | (126) | (62) | (108) | ||||
| Other undisclosed noncurrent assets | 151 | (9,445) | 62 | 108 | ||||
| Total noncurrent assets: | 2,344 | 7,263 | 8,105 | 7,238 | 10,963 | |||
| TOTAL ASSETS: | 8,382 | 11,670 | 13,579 | 14,816 | 17,503 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 2,469 | 2,937 | 4,503 | 5,332 | 4,932 | |||
| Other undisclosed accounts payable and accrued liabilities | 2,469 | 2,937 | 4,503 | 5,332 | 4,932 | |||
| Debt | 31 | 29 | 23 | 2,259 | ||||
| Other liabilities | 1,580 | |||||||
| Deferred tax liabilities | 2 | 2 | ||||||
| Customer advances and deposits | 7,894 | 8,416 | 7,938 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 6,126 | 8,694 | ||||||
| Total current liabilities: | 11,943 | 11,383 | 12,469 | 11,483 | 15,887 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,416 | 1,446 | 1,477 | |||||
| Long-term debt, excluding current maturities | 1,416 | 1,446 | 1,477 | |||||
| Liabilities, other than long-term debt | 952 | 1,096 | 804 | 862 | 954 | |||
| Asset retirement obligations | 952 | 1,096 | 804 | 862 | 954 | |||
| Other undisclosed noncurrent liabilities | 1 | |||||||
| Total noncurrent liabilities: | 952 | 2,513 | 2,251 | 2,339 | 954 | |||
| Total liabilities: | 12,895 | 13,896 | 14,720 | 13,822 | 16,841 | |||
| Equity | ||||||||
| Equity, attributable to parent | (4,513) | (2,225) | (1,141) | 993 | 663 | |||
| Preferred stock | 136 | 136 | 154 | 154 | ||||
| Common stock | 41,265 | 38,847 | 38,015 | 37,997 | 33,248 | |||
| Accumulated other comprehensive income (loss) | (7) | 10 | ||||||
| Accumulated deficit | (45,779) | (41,634) | (39,623) | (37,471) | (34,187) | |||
| Other additional capital | 426 | 338 | 304 | 1,448 | ||||
| Total equity: | (4,513) | (2,225) | (1,141) | 993 | 663 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,382 | 11,670 | 13,579 | 14,816 | 17,503 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,214 | 1,713 | 3,221 | 2,573 | 4,395 | ||
| Revenue, net | 1,214 | 1,713 | 3,221 | 2,573 | 4,389 | ||
| Cost of revenue | (3,597) | (6,193) | (4,133) | (6,861) | |||
| Cost of goods and services sold | (613) | (1,062) | (2,044) | (1,433) | |||
| Gross profit: | (2,383) | (4,480) | (912) | (4,288) | 4,395 | ||
| Operating expenses | (2,909) | (744) | (3,142) | 913 | (11,582) | ||
| Other undisclosed operating income | 460 | 3,300 | 1,984 | 4,829 | 2,849 | ||
| Operating income (loss): | (4,832) | (1,925) | (2,070) | 1,454 | (4,338) | ||
| Nonoperating income (Investment Income, Nonoperating) | 7 | ||||||
| Interest and debt expense | 228 | (86) | (82) | (304) | (195) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 460 | ||||||
| Income (loss) from continuing operations before income taxes: | (4,144) | (2,011) | (2,152) | 1,149 | (4,526) | ||
| Income tax expense | (7,435) | ||||||
| Income (loss) from continuing operations: | (4,144) | (2,011) | (2,152) | 1,149 | (11,961) | ||
| Income (loss) before gain (loss) on sale of properties: | (4,144) | (2,011) | (2,152) | 1,149 | (11,961) | ||
| Net income (loss) available to common stockholders, diluted: | (4,144) | (2,011) | (2,152) | 1,149 | (11,961) | ||
Comprehensive Income ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,144) | (2,011) | (2,152) | 1,149 | (11,961) | ||
| Other comprehensive income (loss) | 7 | (16) | 10 | (3) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,144) | (2,004) | (2,168) | 1,159 | (11,964) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.