Breitling Energy Corp (BERX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1910 PACIFIC AVENUE
DALLAS, TX 75201
State of Incorp. NV
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)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
9/30/2013
Q2
6/30/2013
Q1
3/31/2013
Q4
12/31/2012
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3172,6291514150
Cash and cash equivalents4,3172,6291514150
Restricted cash and investments   25   
Receivables   2340 51
Prepaid expense   30  
Prepaid expense and other current assets48
Other undisclosed current assets    2541 
Total current assets:4,3172,629937946108
Noncurrent Assets
Property, plant and equipment      0
Long-term investments and receivables3131    
Long-term investments3131    
Other undisclosed noncurrent assets1671655137337491,150
Total noncurrent assets:1981965137337491,150
TOTAL ASSETS:4,5162,8256058117961,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,6122,831171323340325
Accounts payable   146105340151
Accrued liabilities   26218 174
Other undisclosed accounts payable and accrued liabilities3,6122,831    
Debt   666 
Derivative instruments and hedges, liabilities      489
Asset retirement obligation2716    
Other undisclosed current liabilities 4403976711,0601,326329
Total current liabilities:4,0803,2448481,3891,6721,144
Noncurrent Liabilities
Liabilities, other than long-term debt3622   9
Asset retirement obligations3622   9
Other undisclosed noncurrent liabilities   999 
Total noncurrent liabilities:36229999
Total liabilities:4,1153,2668561,3971,6801,152
Equity
Equity, attributable to parent401(440)(251)(586)(885)106
Common stock49949939231911
Additional paid in capital  13,53212,44911,8609,973
Accumulated deficit(98)(939)(13,821)(13,058)(12,764)(9,878)
Equity, attributable to noncontrolling interest 440     
Total equity:841(440)(251)(586)(885)106
Other undisclosed liabilities and equity (440)(0)    
TOTAL LIABILITIES AND EQUITY:4,5162,8256058117961,258

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
9/30/2013
Q2
6/30/2013
Q1
3/31/2013
Q4
12/31/2012
Q3
Revenues16,03216,91119262316
Revenue, net7,68910,17519262316
Cost of revenue(104)(54)(10)(46)(226) 
Cost of goods and services sold(104)(54)(10)(46)  
Gross profit:15,92816,8579(20)(203)16
Operating expenses(13,312)(13,811)(1,136)(512)(2,383)(365)
Other operating income, net   337173  
Other undisclosed operating income (loss)(1,673)3,791(311)(107)308 
Operating income (loss):9446,837(1,101)(466)(2,278)(348)
Interest and debt expense   (124)792,087(61)
Other undisclosed income from continuing operations before equity method investments, income taxes     268 
Income (loss) from continuing operations before equity method investments, income taxes:9446,837(1,225)(388)76(409)
Income from equity method investments  27    
Income (loss) from continuing operations before income taxes:9446,864(1,225)(388)76(409)
Income tax expense(103)     
Income (loss) from continuing operations:8416,864(1,225)(388)76(409)
Income (loss) before gain (loss) on sale of properties:8416,864(1,225)(388)76(409)
Other undisclosed net income (loss)    94(2,475) 
Net income (loss):8416,864(1,225)(294)(2,399)(409)
Other undisclosed net income (loss) attributable to parent  (152)461 (486)(6)
Net income (loss) available to common stockholders, diluted:8416,712(764)(294)(2,885)(415)

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
9/30/2013
Q2
6/30/2013
Q1
3/31/2013
Q4
12/31/2012
Q3
Net income (loss):8416,864(1,225)(294)(2,399)(409)
Comprehensive income (loss), net of tax, attributable to parent:8416,864(1,225)(294)(2,399)(409)

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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