Black Stallion Oil & Gas Inc. (BLKG) Financial Statements (2024 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 250,00021624,110 32,311
Cash and cash equivalents 250,00021624,110 32,311
Receivables 41,465    
Prepaid expense 118,7882,4582,4582,458
Other undisclosed current assets (249,812)26,168   
Total current assets: 160,44128,84226,5682,45832,311
Noncurrent Assets
Intangible assets, net (including goodwill) 1,158303,4755,7926,950
Intangible assets, net (excluding goodwill) 1,158303,4755,7926,950 
Other undisclosed noncurrent assets 850,000    
Total noncurrent assets: 851,158303,4755,7926,950 
TOTAL ASSETS: 1,011,599332,31732,3609,40832,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 18,55412,8559,8503,85915,774
Accrued liabilities 71,900    
Other undisclosed accounts payable and accrued liabilities (53,346)12,8559,8503,85915,774
Debt 115,753 1,07941,881 
Derivative instruments and hedges, liabilities 405,929    
Due to related parties   1,079  
Other undisclosed current liabilities 78,580 (1,079)  
Total current liabilities: 618,81612,85510,92945,74015,774
Noncurrent Liabilities
Total liabilities: 618,81612,85510,92945,74015,774
Equity
Equity, attributable to parent, including: 392,782319,46221,431(36,332)16,537
Common stock 14,5164,3874,3874,387253
Additional paid in capital 2,191,672567,29267,29267,29271,427
Accumulated deficit (1,963,406)(402,217)(200,248)(108,011)(55,143)
Other undisclosed equity, attributable to parent 150,000150,000150,000  
Total equity: 392,782319,46221,431(36,332)16,537
Other undisclosed liabilities and equity 1    
TOTAL LIABILITIES AND EQUITY: 1,011,599332,31732,3609,40832,311

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.

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