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
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3548891,4062,3663,0934,139
Cash and cash equivalents3548891,4062,3663,0934,139
Restricted cash and investments6161616112961
Receivables6941364749053
Prepaid expense   10  
Other undisclosed current assets 877741636 310251
Total current assets:1,3611,7342,1402,9113,6224,504
Noncurrent Assets
Property, plant and equipment214215238261278303
Restricted cash and investments68686868  
Other noncurrent assets979797979797
Other undisclosed noncurrent assets49046242231664322
Total noncurrent assets:869842825742440722
TOTAL ASSETS:2,2302,5762,9653,6534,0625,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6641,4141,2071,128739767
Accounts payable170143154306143396
Accrued liabilities1,4941,2711,053822595371
Debt212121202020
Due to related parties4849152127
Customer advances and deposits 2,0852,1112,1342,2442,4402,604
Other liabilities192838383838
Other undisclosed current liabilities14,96414,96414,964   
Total current liabilities:18,80118,54118,3723,4443,2573,455
Noncurrent Liabilities
Long-term debt and lease obligation  51114,98014,98514,990
Long-term debt, excluding current maturities  51114,98014,98514,990
Liabilities, other than long-term debt175171168173179184
Asset retirement obligations175171168164160156
Due to related parties      
Other liabilities    91928
Total noncurrent liabilities:17517717815,15315,16315,174
Total liabilities:18,97618,71818,55018,59718,42018,630
Equity
Equity, attributable to parent(16,746)(16,142)(15,585)(14,944)(14,358)(13,404)
Common stock545454545454
Additional paid in capital19,39919,39919,39919,39919,39919,393
Accumulated deficit(36,199)(35,595)(35,037)(34,397)(33,811)(32,851)
Total equity:(16,746)(16,142)(15,585)(14,944)(14,358)(13,404)
TOTAL LIABILITIES AND EQUITY:2,2302,5762,9653,6534,0625,226

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

9/30/2016
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
Revenues
(Revenue, Net)
10065878811492
Gross profit:10065878811492
Operating expenses(302)(305)(315)(309)(765)(830)
Other undisclosed operating loss(179)(97)(185)(139)(85)(92)
Operating loss:(381)(337)(414)(360)(736)(829)
Nonoperating income030   
Investment income, nonoperating010   
Other nonoperating income  3    
Interest and debt expense(224)(224)(227)(227)(224)(222)
Other undisclosed income from continuing operations before equity method investments, income taxes    1  
Loss from continuing operations:(604)(557)(640)(586)(960)(1,051)
Loss before gain (loss) on sale of properties:(604)(557)(640)(586)(960)(1,051)
Net loss available to common stockholders, basic:(604)(557)(640)(586)(960)(1,051)
Other undisclosed net income available to common stockholders, diluted    200  
Net loss available to common stockholders, diluted:(604)(557)(640)(386)(960)(1,051)

Comprehensive Income ($ in thousands)

9/30/2016
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
Net loss:(604)(557)(640)(586)(960)(1,051)
Comprehensive loss, net of tax, attributable to parent:(604)(557)(640)(586)(960)(1,051)

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.

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