Houston American Energy Corporation (AGIG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1300 POST OAK BLVD, SUITE 1305 HOUSTON, TX 77056 |
| State of Incorp. | DE |
| 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)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,960 | 4,059 | 4,547 | 4,895 | 1,243 | 98 | |||
| Cash and cash equivalent | 2,960 | 4,059 | 4,547 | 4,895 | 1,243 | 98 | |||
| Receivables | 75 | 72 | 165 | 215 | 96 | 80 | |||
| Prepaid expense | |||||||||
| Other current assets | |||||||||
| Other undisclosed current assets | 176 | 35 | 85 | 85 | 36 | 40 | |||
| Total current assets: | 3,211 | 4,166 | 4,796 | 5,195 | 1,374 | 218 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 70 | 145 | 212 | 273 | 194 | 281 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,118 | 1,559 | 4,617 | 4,808 | 5,011 | 6,370 | |||
| Long-term investments and receivables | 4,505 | ||||||||
| Long-term investments | 4,505 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | |||||||||
| Goodwill | |||||||||
| Intangible asset, excluding goodwill, after accumulated amortization | |||||||||
| Other noncurrent assets | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Other undisclosed noncurrent assets | 2,102 | 456 | 260 | 197 | |||||
| Total noncurrent assets: | 1,191 | 6,213 | 6,935 | 5,539 | 5,468 | 6,851 | |||
| TOTAL ASSETS: | 4,402 | 10,379 | 11,731 | 10,734 | 6,842 | 7,069 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 67 | 174 | 130 | 85 | 121 | 271 | |||
| Accounts payable | 50 | 157 | 114 | 70 | 120 | 270 | |||
| Accrued liabilities | 18 | 17 | 16 | 15 | 1 | 0 | |||
| Other undisclosed accounts payable and accrued liabilities | |||||||||
| Debt | 98 | ||||||||
| Due to related parties | ✕ | ✕ | ✕ | 598 | |||||
| Other undisclosed current liabilities | 71 | 75 | 65 | 57 | 111 | ||||
| Total current liabilities: | 138 | 249 | 195 | 142 | 232 | 966 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 212 | 108 | 219 | ||||||
| Long-term debt, excluding current maturities | |||||||||
| Liabilities, other than long-term debt | 57 | 134 | 219 | 68 | 64 | 44 | |||
| Asset retirement obligations | 57 | 63 | 73 | 68 | 64 | 44 | |||
| Operating lease, liability | 71 | 146 | 212 | 108 | 219 | ||||
| Total noncurrent liabilities: | 57 | 134 | 219 | 280 | 172 | 264 | |||
| Total liabilities: | 195 | 383 | 414 | 422 | 403 | 1,230 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 4,206 | 9,996 | 11,317 | 10,312 | 6,439 | 5,839 | |||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | (59) | ||||||||
| Common stock | 13 | 11 | 10 | 10 | 7 | 66 | |||
| Additional paid in capital | 89,408 | 86,984 | 85,094 | 83,345 | 78,454 | 73,817 | |||
| Accumulated other comprehensive loss | |||||||||
| Accumulated deficit | (85,215) | (76,999) | (73,788) | (73,043) | (72,022) | (67,985) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||||
| Total equity: | 4,206 | 9,996 | 11,317 | 10,312 | 6,439 | 5,839 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,402 | 10,379 | 11,731 | 10,734 | 6,842 | 7,069 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 560 | 794 | 1,639 | 1,330 | 552 | 998 | ||
| Gross profit: | 560 | 794 | 1,639 | 1,330 | 552 | 998 | ||
| Operating expenses | (9,801) | (5,375) | (2,417) | (2,364) | (4,735) | (3,332) | ||
| Operating loss: | (9,241) | (4,581) | (778) | (1,034) | (4,183) | (2,334) | ||
| Nonoperating income (expense) | 1,024 | 1,370 | 34 | 13 | 146 | (182) | ||
| Investment income, nonoperating | 102 | 149 | 34 | 13 | 13 | 2 | ||
| Government assistance, nonoperating income, increase (decrease) | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other nonoperating income | 923 | 1,221 | 165 | |||||
| Interest and debt expense | (0) | (32) | (184) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (8,216) | (3,211) | (744) | (1,022) | (4,069) | (2,700) | ||
| Other undisclosed income from continuing operations before income taxes | 1,489 | 0 | 32 | 184 | ||||
| Income (loss) from continuing operations: | (8,216) | (3,211) | 744 | (1,022) | (4,037) | (2,516) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,022) | (4,037) | (2,516) | |
| Net income (loss): | (8,216) | (3,211) | 744 | (1,022) | (4,037) | (2,516) | ||
| Net income attributable to noncontrolling interest | ||||||||
| Other undisclosed net loss attributable to parent | (1,489) | |||||||
| Net loss attributable to parent: | (8,216) | (3,211) | (744) | (1,022) | (4,037) | (2,516) | ||
| Other undisclosed net loss available to common stockholders, basic | (37) | (232) | (230) | |||||
| Net loss available to common stockholders, diluted: | (8,216) | (3,211) | (744) | (1,059) | (4,269) | (2,746) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (8,216) | (3,211) | 744 | (1,022) | (4,037) | (2,516) | ||
| Other comprehensive income | ||||||||
| Comprehensive income (loss): | (8,216) | (3,211) | 744 | (1,022) | (4,037) | (2,516) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,216) | (3,211) | 744 | (1,022) | (4,037) | (2,516) | ||
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.