Arkanova Energy Corp (AKVA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SUITE 525 AUSTIN, TX 78746 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 2,366 | 647 | 556 | |||
| Cash and cash equivalent | 2,366 | 647 | 541 | |||
| Short-term investments | 15 | |||||
| Restricted cash and investments | 61 | |||||
| Receivables | 474 | 715 | 135 | |||
| Prepaid expense | 10 | 12 | ||||
| Deposits current assets | 25 | |||||
| Other undisclosed current assets | 299 | |||||
| Total current assets: | 2,911 | 1,399 | 990 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 261 | 304 | 274 | |||
| Restricted cash and investments | 68 | |||||
| Other noncurrent assets | 97 | 97 | 97 | |||
| Other undisclosed noncurrent assets | 316 | 725 | 1,067 | |||
| Total noncurrent assets: | 742 | 1,127 | 1,437 | |||
| TOTAL ASSETS: | 3,653 | 2,525 | 2,427 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,128 | 1,204 | 914 | |||
| Accounts payable | 306 | 586 | 522 | |||
| Accrued liabilities | 822 | 618 | 392 | |||
| Debt | 20 | 20 | 10,128 | |||
| Other liabilities | 38 | 812 | 38 | |||
| Due to related parties | 15 | 38 | 265 | |||
| Customer advances and deposits | 2,244 | ✕ | ||||
| Other undisclosed current liabilities | 38 | |||||
| Total current liabilities: | 3,444 | 2,111 | 11,344 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 14,980 | 11,847 | 56 | |||
| Long-term debt, excluding current maturities | 14,980 | 11,847 | 56 | |||
| Liabilities, other than long-term debt | 173 | 196 | 220 | |||
| Asset retirement obligations | 164 | 149 | 136 | |||
| Due to related parties | ||||||
| Other liabilities | 9 | 47 | 84 | |||
| Total noncurrent liabilities: | 15,153 | 12,043 | 276 | |||
| Total liabilities: | 18,597 | 14,155 | 11,620 | |||
| Equity | ||||||
| Equity, attributable to parent | (14,944) | (11,629) | (9,193) | |||
| Common stock | 54 | 54 | 50 | |||
| Additional paid in capital | 19,399 | 19,387 | 18,823 | |||
| Accumulated deficit | (34,397) | (31,071) | (28,066) | |||
| Total equity: | (14,944) | (11,629) | (9,193) | |||
| TOTAL LIABILITIES AND EQUITY: | 3,653 | 2,525 | 2,427 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 453 | 844 | 850 | ||
| Gross profit: | 453 | 844 | 850 | ||
| Operating expenses | (2,414) | (1,954) | (1,782) | ||
| Other undisclosed operating loss | (483) | (1,201) | (1,213) | ||
| Operating loss: | (2,444) | (2,311) | (2,145) | ||
| Nonoperating income | 1 | 3 | |||
| Investment income, nonoperating | 3 | ||||
| Other nonoperating income | 1 | ||||
| Interest and debt expense | (884) | (694) | (561) | ||
| Loss from continuing operations: | (3,326) | (3,005) | (2,703) | ||
| Loss before gain (loss) on sale of properties: | (3,326) | (3,005) | (2,703) | ||
| Net loss: | (3,326) | (3,005) | (2,703) | ||
| Other undisclosed net loss attributable to parent | (29) | ||||
| Net loss available to common stockholders, basic: | (3,326) | (3,005) | (2,732) | ||
| Other undisclosed net income available to common stockholders, diluted | 200 | ||||
| Net loss available to common stockholders, diluted: | (3,126) | (3,005) | (2,732) | ||
Comprehensive Income ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|
| Net loss: | (3,326) | (3,005) | (2,703) | ||
| Comprehensive loss, net of tax, attributable to parent: | (3,326) | (3,005) | (2,703) | ||
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.