Arkanova Energy Corp (AKVA) Financial Statements (2024 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 investments2,366647556
Cash and cash equivalents2,366647541
Short-term investments   15
Restricted cash and investments61  
Receivables474715135
Prepaid expense1012 
Deposits current assets  25 
Other undisclosed current assets   299
Total current assets:2,9111,399990
Noncurrent Assets
Property, plant and equipment261304274
Restricted cash and investments68  
Other noncurrent assets979797
Other undisclosed noncurrent assets3167251,067
Total noncurrent assets:7421,1271,437
TOTAL ASSETS:3,6532,5252,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1281,204914
Accounts payable306586522
Accrued liabilities822618392
Debt202010,128
Due to related parties1538265
Customer advances and deposits 2,244 
Other liabilities3881238
Other undisclosed current liabilities 38 
Total current liabilities:3,4442,11111,344
Noncurrent Liabilities
Long-term debt and lease obligation 14,98011,84756
Long-term debt, excluding current maturities 14,98011,84756
Liabilities, other than long-term debt173196220
Asset retirement obligations164149136
Due to related parties   
Other liabilities 94784
Total noncurrent liabilities:15,15312,043276
Total liabilities:18,59714,15511,620
Equity
Equity, attributable to parent(14,944)(11,629)(9,193)
Common stock545450
Additional paid in capital19,39919,38718,823
Accumulated deficit(34,397)(31,071)(28,066)
Total equity:(14,944)(11,629)(9,193)
TOTAL LIABILITIES AND EQUITY:3,6532,5252,427

Income Statement (P&L) ($ in thousands)

9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues
(Revenue, Net)
453844850
Gross profit:453844850
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 income1 3
Investment income, nonoperating  3
Other nonoperating income1  
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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: