Blacksands Petroleum Inc (BSPE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4833 FRONT STREET B405 CASTLEROCK, CO 80104 |
| State of Incorp. | NV |
| Fiscal Year End | October 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)
| 10/31/2016 | 10/31/2014 | 10/31/2013 | 10/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 679 | 1,335 | 1,160 | |||
| Cash and cash equivalent | 679 | 1,335 | 1,160 | |||
| Receivables | 211 | 418 | 402 | |||
| Prepaid expense | 522 | ✕ | ||||
| Total current assets: | 1,412 | 1,753 | 1,562 | |||
| Noncurrent Assets | ||||||
| Other noncurrent assets | 50 | ✕ | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 50 | 221 | ||
| Other undisclosed noncurrent assets | 736 | 2,078 | 7,219 | |||
| Total noncurrent assets: | 786 | 2,128 | 7,440 | |||
| TOTAL ASSETS: | 2,197 | 3,881 | 9,003 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 2,501 | 3,645 | 2,575 | |||
| Accounts payable | 129 | 523 | 158 | |||
| Accrued liabilities | 2,372 | 3,122 | 2,417 | |||
| Debt | 60 | 280 | 60 | |||
| Total current liabilities: | 2,561 | 3,925 | 2,635 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 6,067 | 4,550 | 3,652 | |||
| Long-term debt, excluding current maturities | 6,067 | 4,550 | 3,652 | |||
| Liabilities, other than long-term debt | 92 | 649 | 610 | |||
| Asset retirement obligations | 92 | 649 | 610 | |||
| Other undisclosed noncurrent liabilities | (60) | (280) | (60) | |||
| Total noncurrent liabilities: | 6,099 | 4,920 | 4,201 | |||
| Total liabilities: | 8,660 | 8,845 | 6,836 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (6,463) | (4,964) | 2,166 | |||
| Common stock | 19 | 18 | 16 | |||
| Additional paid in capital | 28,440 | 23,726 | 22,609 | |||
| Accumulated deficit | (34,924) | (28,708) | (20,459) | |||
| Other undisclosed equity, attributable to parent | 2 | 0 | ||||
| Total equity: | (6,463) | (4,964) | 2,166 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,197 | 3,881 | 9,003 | |||
Income Statement (P&L) ($ in thousands)
| 10/31/2016 | 10/31/2014 | 10/31/2013 | 10/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 1,874 | 1,690 | 1,589 | ||
| Revenue, net | 1,229 | 1,690 | 1,589 | ||
| Financial services revenue | 645 | ||||
| Cost of revenue | (2,395) | (2,336) | |||
| Cost of product and service sold | (1,465) | (1,722) | |||
| Gross profit: | 1,874 | (705) | (747) | ||
| Operating expenses | (4,927) | (6,343) | (2,311) | ||
| Other undisclosed operating loss | (182) | ||||
| Operating loss: | (3,235) | (7,048) | (3,058) | ||
| Nonoperating expense | (2,981) | (1,346) | (386) | ||
| Investment income, nonoperating | 1,639 | ||||
| Interest and debt expense | (2,139) | (1,402) | (450) | ||
| Loss from continuing operations before equity method investments, income taxes: | (8,356) | (9,796) | (3,894) | ||
| Other undisclosed income from continuing operations before income taxes | 2,139 | 1,402 | 450 | ||
| Loss from continuing operations: | (6,216) | (8,394) | (3,444) | ||
| Loss before gain (loss) on sale of properties: | (6,216) | (8,394) | (3,444) | ||
| Net loss attributable to parent: | (6,216) | (8,394) | (3,444) | ||
| Other undisclosed net loss available to common stockholders, basic | (848) | (200) | (200) | ||
| Net loss available to common stockholders, diluted: | (7,064) | (8,594) | (3,644) | ||
Comprehensive Income ($ in thousands)
| 10/31/2016 | 10/31/2014 | 10/31/2013 | 10/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (6,216) | (8,394) | (3,444) | ||
| Comprehensive loss, net of tax, attributable to parent: | (6,216) | (8,394) | (3,444) | ||
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.