Arete Industries Inc (ARET) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7260 OSCEOLA STREET WESTMINSTER, CO 80030 |
| State of Incorp. | CO |
| 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)
| 9/30/2017 MRQ | 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 | 171 | 522 | 31 | 476 | 7 | |||
| Cash and cash equivalent | 171 | 522 | 31 | 476 | 7 | |||
| Receivables | 104 | |||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 61 | ||
| Other undisclosed current assets | 17 | 140 | 112 | 271 | 149 | |||
| Total current assets: | 188 | 662 | 247 | 747 | 217 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1,818 | 5,615 | 8,196 | 8,241 | 8,669 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 10,572 | |||||||
| Other undisclosed noncurrent assets | (10,572) | |||||||
| Total noncurrent assets: | 1,818 | 5,615 | 8,196 | 8,241 | 8,669 | |||
| TOTAL ASSETS: | 2,007 | 6,277 | 8,443 | 8,988 | 8,886 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 225 | 145 | 110 | 18 | 93 | |||
| Interest and dividends payable | 30 | 12 | 3 | |||||
| Accounts payable | 133 | 65 | 43 | 18 | 93 | |||
| Accrued liabilities | 62 | 69 | 64 | |||||
| Debt | 241 | 971 | 872 | 325 | 250 | |||
| Asset retirement obligation | 425 | 410 | 192 | 160 | 78 | |||
| Due to related parties | 135 | 19 | 22 | |||||
| Other undisclosed current liabilities | 573 | 501 | 345 | 864 | 1,735 | |||
| Total current liabilities: | 1,599 | 2,046 | 1,541 | 1,366 | 2,156 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,033 | 23 | 64 | 425 | ||||
| Long-term debt, excluding current maturities | 1,033 | 23 | 64 | 425 | ||||
| Liabilities, other than long-term debt | 676 | 901 | 807 | 772 | 819 | |||
| Asset retirement obligations | 660 | 586 | 557 | 522 | 569 | |||
| Due to related parties | 16 | 315 | 250 | 250 | 250 | |||
| Other undisclosed noncurrent liabilities | 855 | 1,039 | ||||||
| Total noncurrent liabilities: | 1,709 | 924 | 1,725 | 2,236 | 819 | |||
| Total liabilities: | 3,308 | 2,970 | 3,267 | 3,603 | 2,975 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (1,301) | 3,307 | 5,176 | 5,385 | 5,911 | |||
| Preferred stock | 2,720 | |||||||
| Common stock | 21,535 | 21,503 | 21,295 | 21,488 | 17,151 | |||
| Accumulated deficit | (25,557) | (20,866) | (16,119) | (16,199) | (16,227) | |||
| Other undisclosed equity, attributable to parent | 2,670 | 95 | 4,987 | |||||
| Total equity: | (1,301) | 3,307 | 5,176 | 5,385 | 5,911 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,007 | 6,277 | 8,443 | 8,988 | 8,886 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 974 | 953 | 2,553 | 2,574 | 2,788 | ||
| Revenue, net | 974 | 926 | 2,162 | 2,226 | 2,255 | ||
| Financial services revenue | 533 | ||||||
| Cost of revenue (Cost of Product and Service Sold) | (1) | (54) | (54) | (54) | |||
| Gross profit: | 974 | 952 | 2,499 | 2,520 | 2,734 | ||
| Operating expenses | (5,376) | (5,588) | (2,355) | (2,022) | (3,202) | ||
| Other undisclosed operating income | 1 | 54 | 54 | 54 | |||
| Operating income (loss): | (4,402) | (4,635) | 198 | 552 | (414) | ||
| Nonoperating income (expense) | (112) | (136) | (132) | 0 | |||
| Investment income, nonoperating | 0 | 0 | |||||
| Interest and debt expense | (98) | (112) | (136) | (132) | (80) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,500) | (4,859) | (73) | 288 | (494) | ||
| Other undisclosed income from continuing operations before income taxes | 1 | 112 | 136 | 132 | |||
| Income (loss) from continuing operations: | (4,499) | (4,747) | 62 | 420 | (494) | ||
| Income (loss) before gain (loss) on sale of properties: | (4,499) | (4,747) | 62 | 420 | (494) | ||
| Net income (loss) attributable to parent: | (4,499) | (4,747) | 62 | 420 | (494) | ||
| Preferred stock dividends and other adjustments | 192 | (9) | (213) | (784) | |||
| Other undisclosed net income (loss) available to common stockholders, basic | (192) | 18 | 3,160 | ||||
| Net income (loss) available to common stockholders, basic: | (4,499) | (4,747) | 71 | 3,368 | (1,278) | ||
| Other undisclosed net loss available to common stockholders, diluted | (192) | ||||||
| Net income (loss) available to common stockholders, diluted: | (4,691) | (4,747) | 71 | 3,368 | (1,278) | ||
Comprehensive Income ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,499) | (4,747) | 62 | 420 | (494) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,499) | (4,747) | 62 | 420 | (494) | ||
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.