Black Stallion Oil & Gas Inc. (BLKG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
633 W. 5TH STREET LOS ANGELES, CA 90071 |
| State of Incorp. | DE |
| 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) (USD)
| 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 | 250,000 | 216 | 24,110 | 32,311 | ||||
| Cash and cash equivalents | 250,000 | 216 | 24,110 | 32,311 | ||||
| Receivables | 41,465 | |||||||
| Prepaid expense | 118,788 | 2,458 | 2,458 | 2,458 | ✕ | |||
| Other undisclosed current assets | (249,812) | 26,168 | ||||||
| Total current assets: | 160,441 | 28,842 | 26,568 | 2,458 | 32,311 | |||
| Noncurrent Assets | ||||||||
| Intangible assets, net (including goodwill) | 1,158 | 303,475 | 5,792 | 6,950 | ✕ | |||
| Intangible assets, net (excluding goodwill) | 1,158 | 303,475 | 5,792 | 6,950 | ||||
| Other undisclosed noncurrent assets | 850,000 | |||||||
| Total noncurrent assets: | 851,158 | 303,475 | 5,792 | 6,950 | ||||
| TOTAL ASSETS: | 1,011,599 | 332,317 | 32,360 | 9,408 | 32,311 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 18,554 | 12,855 | 9,850 | 3,859 | 15,774 | |||
| Accrued liabilities | 71,900 | |||||||
| Other undisclosed accounts payable and accrued liabilities | (53,346) | 12,855 | 9,850 | 3,859 | 15,774 | |||
| Debt | 115,753 | 1,079 | 41,881 | |||||
| Derivative instruments and hedges, liabilities | 405,929 | |||||||
| Due to related parties | 1,079 | |||||||
| Other undisclosed current liabilities | 78,580 | (1,079) | ||||||
| Total current liabilities: | 618,816 | 12,855 | 10,929 | 45,740 | 15,774 | |||
| Noncurrent Liabilities | ||||||||
| Total liabilities: | 618,816 | 12,855 | 10,929 | 45,740 | 15,774 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 392,782 | 319,462 | 21,431 | (36,332) | 16,537 | |||
| Common stock | 14,516 | 4,387 | 4,387 | 4,387 | 253 | |||
| Additional paid in capital | 2,191,672 | 567,292 | 67,292 | 67,292 | 71,427 | |||
| Accumulated deficit | (1,963,406) | (402,217) | (200,248) | (108,011) | (55,143) | |||
| Other undisclosed equity, attributable to parent | 150,000 | 150,000 | 150,000 | |||||
| Total equity: | 392,782 | 319,462 | 21,431 | (36,332) | 16,537 | |||
| Other undisclosed liabilities and equity | 1 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 1,011,599 | 332,317 | 32,360 | 9,408 | 32,311 | |||
Income Statement (P&L) (USD)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Gross profit: | (415,900) | (81,000) | (35,000) | (5,000) | |||
| Operating expenses | (528,721) | (201,969) | (92,237) | (52,868) | 55,093 | ||
| Other undisclosed operating income | 415,900 | ||||||
| Operating income (loss): | (528,721) | (282,969) | (127,237) | (57,868) | 66,684 | ||
| Nonoperating expense (Other Nonoperating expense) | (1,024,468) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,553,189) | (282,969) | (127,237) | (57,868) | 66,684 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (8,000) | 81,000 | |||||
| Income (loss) from continuing operations before income taxes: | (1,561,189) | (201,969) | (127,237) | (57,868) | 66,684 | ||
| Income tax benefit | 201,969 | ||||||
| Income (loss) from continuing operations: | (1,561,189) | (127,237) | (57,868) | 66,684 | |||
| Income (loss) before gain (loss) on sale of properties: | (1,561,189) | (127,237) | (57,868) | 66,684 | |||
| Other undisclosed net income | 5,000 | ||||||
| Net income (loss): | (1,561,189) | (127,237) | (52,868) | 66,684 | |||
| Other undisclosed net income (loss) attributable to parent | (201,969) | 35,000 | (121,777) | ||||
| Net loss available to common stockholders, basic: | (1,561,189) | (201,969) | (92,237) | (52,868) | (55,093) | ||
| Interest on convertible debt | (1,222,574) | ||||||
| Net loss available to common stockholders, diluted: | (2,783,763) | (201,969) | (92,237) | (52,868) | (55,093) | ||
Comprehensive Income (USD)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,561,189) | (127,237) | (52,868) | 66,684 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,561,189) | (127,237) | (52,868) | 66,684 | |||
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.