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
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,23710,775250,0009,293184237
Cash and cash equivalents73,23710,775250,0009,293184237
Receivables163,471167,47141,4659,41810,79413,662
Prepaid expense269,72239,937118,788263,850202,876157,376
Other undisclosed current assets   (249,812)   
Total current assets:506,430218,183160,441282,561213,854171,275
Noncurrent Assets
Property, plant and equipment 1,129     
Oil and gas, full cost method, property and equipment, after accumulated depletion    850,000850,000850,000
Intangible assets, net (including goodwill)13,9005791,1581,7372,3172,896
Intangible assets, net (excluding goodwill)13,9005791,1581,7372,3172,896
Other undisclosed noncurrent assets836,100850,000850,000   
Total noncurrent assets:851,129850,579851,158851,737852,317852,896
TOTAL ASSETS:1,357,5591,068,7621,011,5991,134,2981,066,1711,024,171
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,23319,62818,55495,59289,11668,268
Interest and dividends payable    11,7217,3121,595
Accrued liabilities61,225107,60071,900 (49,750) 
Other undisclosed accounts payable and accrued liabilities(52,992)(87,972)(53,346)83,871131,55466,673
Debt354,701174,115115,75387,500115,28848,148
Derivative instruments and hedges, liabilities1,636,7251,274,721405,929   
Other undisclosed current liabilities86,410121,16678,580121,3217,3121,595
Total current liabilities:2,086,0691,589,630618,816304,413211,716118,011
Noncurrent Liabilities
Total liabilities:2,086,0691,589,630618,816304,413211,716118,011
Equity
Equity, attributable to parent, including:(728,510)(520,868)392,782829,885854,455906,160
Common stock57,25124,98814,5169,9144,5644,564
Additional paid in capital3,461,1332,741,1092,191,6721,671,3821,412,3171,310,297
Accumulated deficit(4,246,894)(3,286,965)(1,963,406)(957,501)(668,516)(514,791)
Other undisclosed equity, attributable to parent   150,000106,090106,090106,090
Total equity:(728,510)(520,868)392,782829,885854,455906,160
Other undisclosed liabilities and equity   1   
TOTAL LIABILITIES AND EQUITY:1,357,5591,068,7621,011,5991,134,2981,066,1711,024,171

Income Statement (P&L) (USD)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Gross profit:(69,948)(292,050)(408,640)(6,260)(79,501)(54,262)
Operating expenses(98,958)(323,936)(163,465)(172,849)(103,848)(88,559)
Other undisclosed operating income69,948292,050408,6406,26079,50154,262
Operating loss:(98,958)(323,936)(163,465)(172,849)(103,848)(88,559)
Nonoperating expense
(Other Nonoperating expense)
(860,971)(999,624)    
Interest and debt expense   (96,136)(49,877)(17,925)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (840,530)   
Loss from continuing operations before equity method investments, income taxes:(959,929)(1,323,560)(1,003,995)(268,985)(153,725)(106,484)
Other undisclosed income (loss) from continuing operations before income taxes  (8,000)   
Loss from continuing operations:(959,929)(1,323,560)(1,011,995)(268,985)(153,725)(106,484)
Loss before gain (loss) on sale of properties:(959,929)(1,323,560)(1,011,995)(268,985)(153,725)(106,484)
Net loss available to common stockholders, basic:(959,929)(1,323,560)(1,011,995)(268,985)(153,725)(106,484)
Interest on convertible debt(703,339)(790,106)(1,234,295)  1,595
Net loss available to common stockholders, diluted:(1,663,268)(2,113,666)(2,246,290)(268,985)(153,725)(104,889)

Comprehensive Income (USD)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Net loss:(959,929)(1,323,560)(1,011,995)(268,985)(153,725)(106,484)
Comprehensive loss, net of tax, attributable to parent:(959,929)(1,323,560)(1,011,995)(268,985)(153,725)(106,484)

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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