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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9261,0131,4251,6191,054105
Cash and cash equivalents9261,0131,4251,6191,054105
Receivables00000230
Other current assets116666
Other undisclosed current assets336403    
Total current assets:1,2631,4171,4311,6261,061341
Noncurrent Assets
Operating lease, right-of-use asset2022235710
Property, plant and equipment5,9625,9435,9866,0356,2046,327
Other undisclosed noncurrent assets9841,1881,3331,2941,3871,461
Total noncurrent assets:6,9667,1527,3437,3337,5987,797
TOTAL ASSETS:8,2298,5708,7748,9598,6598,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,1999511,3754,3523,1531,441
Accounts payable   2232,7771,733251
Accrued liabilities 1,1999511,1511,5751,4211,190
Debt   3993,2093,3283,439
Due to related parties5,927782780839
Other undisclosed current liabilities8,7468,5751,542935877935
Total current liabilities:9,9459,5269,2429,2778,1396,653
Noncurrent Liabilities
Liabilities, other than long-term debt2,4412,3672,3192,2912,3282,322
Asset retirement obligations2,4272,3512,3012,2912,3232,317
Operating lease, liability151618   
Derivative instruments and hedges, liabilities    155
Total noncurrent liabilities:2,4412,3672,3192,2912,3282,322
Total liabilities:12,38711,89311,56111,56910,4678,976
Equity
Equity, attributable to parent, including:(4,157)(3,323)(2,787)(2,610)(1,808)(837)
Common stock177177177177177177
Additional paid in capital60,24660,24560,24460,24460,24360,242
Accumulated other comprehensive loss(379)(354)(349)(342)(302)(239)
Accumulated deficit(64,355)(63,545)(63,013)(62,842)(62,079)(61,171)
Other undisclosed equity, attributable to parent154154154154154154
Total equity:(4,157)(3,323)(2,787)(2,610)(1,808)(837)
TOTAL LIABILITIES AND EQUITY:8,2298,5708,7748,9598,6598,139

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues4831,3761,7152,1581,1381,836
Gross profit:4831,3761,7152,1581,1381,836
Operating expenses(1,262)(2,013)(1,758)(2,746)(1,876)(1,519)
Operating income (loss):(779)(637)(42)(588)(738)317
Nonoperating income (expense)80153(82)(127)(123)(102)
Other nonoperating income11425  6
Interest and debt expense(97)(110)(110)(132)(123)(125)
Income (loss) from continuing operations before equity method investments, income taxes:(796)(594)(234)(847)(985)90
Other undisclosed income from continuing operations before income taxes97110110132123125
Net income (loss):(699)(484)(124)(715)(862)215
Net loss attributable to noncontrolling interest      (45)
Other undisclosed net income attributable to parent    0 45
Net income (loss) attributable to parent:(699)(484)(124)(715)(862)215
Preferred stock dividends and other adjustments(112)(47)(47)(47)(47) 
Other undisclosed net loss available to common stockholders, basic    (0) (47)
Net income (loss) available to common stockholders, diluted:(810)(531)(171)(762)(909)168

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(699)(484)(124)(715)(862)215
Other comprehensive income (loss)(25)(5)(7)(40)(63)30
Comprehensive income (loss):(724)(490)(131)(756)(924)245
Comprehensive loss, net of tax, attributable to noncontrolling interest      (45)
Other undisclosed comprehensive loss, net of tax, attributable to parent(112)(47)(47)(47)(47)(2)
Comprehensive income (loss), net of tax, attributable to parent:(835)(536)(178)(803)(971)198

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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