Petrolia Energy Corp (BBLS) financial statements (2023 and earlier)
Company profile
| Business Address |
710 N POST OAK, SUITE 400 HOUSTON, TX 77024 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 35 | 14 | 83 | 69 | 3 | ||
| Cash and cash equivalents | 35 | 14 | 83 | 69 | 3 | ||
| Receivables | 5 | 51 | 199 | 49 | |||
| Other current assets | 135 | 255 | 9 | 31 | 31 | ||
| Total current assets: | 175 | 269 | 143 | 299 | 83 | ||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 11,451 | 12,409 | 13,385 | 12,546 | |||
| Oil and gas property, full cost method | 3,796 | ||||||
| Long-term investments and receivables | 317 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 317 | ||||||
| Intangible assets, net (including goodwill) | 50 | 50 | |||||
| Intangible assets, net (excluding goodwill) | 50 | 50 | |||||
| Other noncurrent assets | 317 | ||||||
| Other undisclosed noncurrent assets | 944 | ||||||
| Total noncurrent assets: | 12,395 | 12,409 | 13,435 | 12,913 | 4,113 | ||
| TOTAL ASSETS: | 12,570 | 12,678 | 13,578 | 13,212 | 4,196 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 1,276 | 873 | 1,310 | 847 | 300 | ||
| Accounts payable | 598 | 265 | 413 | 352 | 170 | ||
| Accrued liabilities | 678 | 608 | 897 | 495 | 131 | ||
| Debt | 654 | 336 | 33 | 301 | 400 | ||
| Due to related parties | 1,009 | 653 | 217 | 1,288 | 193 | ||
| Deferred revenue and credits | ✕ | ✕ | 3 | ||||
| Other undisclosed current liabilities | 1,054 | 650 | 550 | ||||
| Total current liabilities: | 3,992 | 2,512 | 1,560 | 2,986 | 895 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1,444 | 726 | 24 | 7 | |||
| Long-term debt, excluding current maturities | 1,444 | 726 | 24 | 7 | |||
| Liabilities, other than long-term debt | 1,748 | 1,547 | 474 | 3,227 | 213 | ||
| Asset retirement obligations | 1,723 | 1,510 | 474 | 323 | 213 | ||
| Due to related parties | 2,904 | ||||||
| Derivative instruments and hedges, liabilities | 25 | 37 | |||||
| Total noncurrent liabilities: | 3,191 | 2,273 | 498 | 3,227 | 220 | ||
| Total liabilities: | 7,183 | 4,784 | 2,058 | 6,213 | 1,115 | ||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent | 5,387 | 7,893 | 11,519 | 6,999 | 3,081 | ||
| Preferred stock | 0 | 0 | 0 | ||||
| Common stock | 165 | 163 | 112 | 79 | 43 | ||
| Common stock, value, subscriptions | 55 | ||||||
| Additional paid in capital | 57,985 | 57,254 | 22,731 | 14,887 | 9,130 | ||
| Accumulated other comprehensive income (loss) | (219) | 8 | |||||
| Accumulated deficit | (52,600) | (49,531) | (11,323) | (7,968) | (6,092) | ||
| Total stockholders' equity: | 5,387 | 7,893 | 11,519 | 6,999 | 3,081 | ||
| TOTAL LIABILITIES AND EQUITY: | 12,570 | 12,678 | 13,578 | 13,212 | 4,196 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|
| Revenues | 2,917 | 1,173 | 149 | 321 | 188 | |
| Revenue, net | ✕ | ✕ | 149 | 321 | 188 | |
| Cost of revenue (Cost of Goods and Services Sold) | (416) | (304) | (242) | |||
| Gross profit: | 2,917 | 1,173 | (267) | 17 | (54) | |
| Operating expenses | (5,986) | (9,256) | (3,091) | (1,884) | (1,732) | |
| Other undisclosed operating income | 0 | 416 | 304 | 242 | ||
| Operating loss: | (3,069) | (8,083) | (2,942) | (1,563) | (1,544) | |
| Nonoperating income (expense) | 178 | (29,946) | (319) | (313) | 39 | |
| Other nonoperating income (expense) | 178 | (29,946) | (319) | 46 | 39 | |
| Interest and debt expense | (279) | (260) | (5) | (39) | (110) | |
| Loss from continuing operations before equity method investments, income taxes: | (3,170) | (38,289) | (3,267) | (1,914) | (1,615) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 279 | 260 | 5 | 39 | (242) | |
| Net loss: | (2,891) | (38,029) | (3,261) | (1,876) | (1,857) | |
| Net loss attributable to noncontrolling interest | (178) | (179) | ||||
| Other undisclosed net income attributable to parent | 178 | 179 | ||||
| Net loss attributable to parent: | (2,891) | (38,029) | (3,261) | (1,876) | (1,857) | |
| Other undisclosed net loss available to common stockholders, basic | (178) | (179) | (94) | |||
| Net loss available to common stockholders, diluted: | (3,069) | (38,208) | (3,356) | (1,876) | (1,857) | |
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|
| Net loss: | (2,891) | (38,029) | (3,261) | (1,876) | (1,857) | |
| Other comprehensive income (loss) | (227) | 8 | ||||
| Comprehensive loss: | (3,118) | (38,020) | (3,261) | (1,876) | (1,857) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (178) | (179) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 179 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (3,296) | (38,020) | (3,261) | (1,876) | (1,857) | |
Statements sources
The financial statements are based on the company's filings with the 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.