Petrolia Energy Corp (BBLS) Financial Statements (2024 and earlier)

Company Profile

Business Address 710 N POST OAK, SUITE 400
HOUSTON, TX 77024
State of Incorp. TX
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,42514155351483
Cash and cash equivalents1,42514155351483
Receivables0655 51
Other current assets66391352559
Other undisclosed current assets      
Total current assets:1,43126199175269143
Noncurrent Assets
Operating lease, right-of-use asset231323 
Property, plant and equipment5,9866,3495,95211,45112,40913,385
Intangible assets, net (including goodwill)      50
Intangible assets, net (excluding goodwill)      50
Other undisclosed noncurrent assets1,3331,451985944  
Total noncurrent assets:7,3437,8136,96012,39512,40913,435
TOTAL ASSETS:8,7747,8387,16012,57012,67813,578
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,3751,4692,6401,2768731,310
Accounts payable 2233201,068598265413
Accrued liabilities 1,1511,1491,572678608897
Debt 3993,4383,03865433633
Due to related parties5,9278371,0361,009653217
Other undisclosed current liabilities1,5428767651,054650 
Total current liabilities:9,2426,6207,4793,9922,5121,560
Noncurrent Liabilities
Long-term debt and lease obligation   11,44472624
Long-term debt, excluding current maturities   11,44472624
Liabilities, other than long-term debt2,3192,2803,8081,7481,547474
Asset retirement obligations2,3012,2573,6241,7231,510474
Operating lease, liability18   
Derivative instruments and hedges, liabilities  231842537 
Other undisclosed noncurrent liabilities   14   
Total noncurrent liabilities:2,3192,2803,8223,1912,273498
Total liabilities:11,5618,90011,3017,1834,7842,058
Equity
Equity, attributable to parent, including:(2,787)(1,061)(4,141)5,3877,89311,519
Preferred stock   0000
Common stock177177169165163112
Common stock, value, subscriptions    55  
Additional paid in capital60,24460,21759,04557,98557,25422,731
Accumulated other comprehensive income (loss)(349)(269)(266)(219)8 
Accumulated deficit(63,013)(61,339)(63,088)(52,600)(49,531)(11,323)
Other undisclosed equity, attributable to parent154153    
Total equity:(2,787)(1,061)(4,141)5,3877,89311,519
TOTAL LIABILITIES AND EQUITY:8,7747,8387,16012,57012,67813,578

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,8485,8952,8922,9171,173149
Revenue, net149
Cost of revenue
(Cost of Goods and Services Sold)
      (416)
Gross profit:6,8485,8952,8922,9171,173(267)
Operating expenses(7,899)(7,307)(12,582)(5,986)(9,256)(3,091)
Other undisclosed operating income    0 416
Operating loss:(1,051)(1,412)(9,690)(3,069)(8,083)(2,942)
Nonoperating income (expense)(435)3,341(619)178(29,946)(319)
Other nonoperating income (expense)31(101)276178(29,946)(319)
Interest and debt expense(489)(639)(736)(279)(260)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(1,976)1,290(11,045)(3,170)(38,289)(3,267)
Other undisclosed income from continuing operations before income taxes4896397362792605
Income (loss) from continuing operations:(1,486)1,929(10,309)(2,891)(38,029)(3,261)
Income (loss) before gain (loss) on sale of properties:1,929(10,309)(2,891)(38,029)(3,261)
Net income (loss):(1,486)1,929(10,309)(2,891)(38,029)(3,261)
Net loss attributable to noncontrolling interest  (179)(179)(178)(179) 
Other undisclosed net income attributable to parent  179179178179 
Net income (loss) attributable to parent:(1,486)1,929(10,309)(2,891)(38,029)(3,261)
Preferred stock dividends and other adjustments(188)     
Other undisclosed net loss available to common stockholders, basic  (180)(179)(178)(179)(94)
Net income (loss) available to common stockholders, diluted:(1,674)1,749(10,488)(3,069)(38,208)(3,356)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,486)1,929(10,309)(2,891)(38,029)(3,261)
Other comprehensive income (loss)(80)(3)(48)(227)8 
Comprehensive income (loss):(1,566)1,926(10,357)(3,118)(38,020)(3,261)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (179)(179)(178)(179) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(188)(1)  179 
Comprehensive income (loss), net of tax, attributable to parent:(1,754)1,746(10,536)(3,296)(38,020)(3,261)

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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