Cardinal Energy Group Inc (CEGX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
TWO GALLERIA TOWER, 13455 NOEL ROAD, DALLAS,, TX 75240 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1382 - Oil and Gas Field Exploration Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 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 | 55 | 185 | 43 | 128 | |||
| Cash and cash equivalents | 24 | 115 | 19 | 3 | |||
| Short-term investments | 31 | 69 | 24 | 125 | |||
| Receivables | 306 | 235 | 17 | ||||
| Prepaid expense | 21 | 332 | 39 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 3 | ||
| Other undisclosed current assets | (126) | 5 | (3) | ||||
| Total current assets: | 256 | 752 | 86 | 145 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 244 | 340 | 56 | 20 | |||
| Other undisclosed noncurrent assets | 372 | 3,523 | 1,405 | 657 | |||
| Total noncurrent assets: | 616 | 3,863 | 1,461 | 677 | |||
| TOTAL ASSETS: | 872 | 4,615 | 1,547 | 822 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 908 | 448 | 234 | 51 | |||
| Interest and dividends payable | 159 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 908 | 290 | 234 | 51 | |||
| Debt | 4,500 | 4,205 | 418 | ||||
| Derivative instruments and hedges, liabilities | 2,356 | 383 | 33 | ||||
| Asset retirement obligation | 8 | ||||||
| Other undisclosed current liabilities | 1,195 | 787 | 5 | 189 | |||
| Total current liabilities: | 8,959 | 5,823 | 689 | 248 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 88 | 400 | |||||
| Long-term debt, excluding current maturities | 88 | 400 | |||||
| Liabilities, other than long-term debt | 96 | 162 | |||||
| Asset retirement obligations | 96 | 162 | |||||
| Other undisclosed noncurrent liabilities | 43 | 78 | 211 | 8 | |||
| Total noncurrent liabilities: | 226 | 240 | 611 | 8 | |||
| Total liabilities: | 9,185 | 6,063 | 1,300 | 256 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | (8,313) | (1,448) | 247 | 566 | |||
| Preferred stock | 0 | ||||||
| Common stock | 1 | 0 | 0 | 0 | |||
| Treasury stock, value | (2,013) | (2,013) | |||||
| Additional paid in capital | 9,842 | 8,059 | 5,294 | 3,519 | |||
| Accumulated other comprehensive loss | (2,187) | (2,148) | (2,194) | (2,093) | |||
| Accumulated deficit | (13,955) | (5,342) | (2,850) | (860) | |||
| Warrants and rights outstanding | 0 | ||||||
| Other undisclosed equity, attributable to parent | (4) | (4) | (0) | ||||
| Total equity: | (8,313) | (1,448) | 247 | 566 | |||
| TOTAL LIABILITIES AND EQUITY: | 872 | 4,615 | 1,547 | 822 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 919 | 1,866 | 17 | 21 | ||
| Revenue, net | 297 | 165 | 17 | 21 | ||
| Financial services revenue | 515 | |||||
| Other income | ✕ | ✕ | ✕ | |||
| Cost of revenue | (74) | (410) | (14) | (517) | ||
| Cost of goods and services sold | (74) | (410) | (14) | (44) | ||
| Other undisclosed gross profit | 495 | |||||
| Gross profit: | 844 | 1,456 | 3 | (1) | ||
| Operating expenses | (4,692) | (3,250) | (1,574) | (302) | ||
| Other undisclosed operating income (loss) | 74 | 410 | 14 | (517) | ||
| Operating loss: | (3,773) | (1,384) | (1,558) | (819) | ||
| Nonoperating expense | (4,840) | (1,014) | (433) | |||
| Other nonoperating expense | (4,840) | (1,107) | (433) | |||
| Interest and debt expense | 27 | (1,523) | (532) | 8 | ||
| Loss from continuing operations before income taxes: | (8,586) | (3,921) | (2,522) | (812) | ||
| Income tax benefit | 330 | |||||
| Loss from continuing operations: | (8,586) | (3,921) | (2,522) | (482) | ||
| Loss before gain (loss) on sale of properties: | (8,586) | (3,921) | (2,522) | (482) | ||
| Net loss: | (8,586) | (3,921) | (2,522) | (482) | ||
| Other undisclosed net income (loss) attributable to parent | (27) | 1,430 | 532 | (337) | ||
| Net loss available to common stockholders, diluted: | (8,613) | (2,491) | (1,990) | (819) | ||
Comprehensive Income ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (8,586) | (3,921) | (2,522) | (482) | ||
| Comprehensive loss: | (8,586) | (3,921) | (2,522) | (482) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (66) | 1,475 | 431 | (217) | ||
| Comprehensive loss, net of tax, attributable to parent: | (8,652) | (2,446) | (2,091) | (699) | ||
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.