Citadel Exploration Inc (COIL) financial statements (2021 and earlier)

Company profile

Business Address 417 31ST STREET
NEWPORT BEACH, CA 92663
State of Incorp. NV
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6 948630719251
Cash and cash equivalents6 948630719251
Receivables 6439    
Prepaid expense5772113367885
Other undisclosed current assets   136277127119
Total current assets:63136145255652235376
Noncurrent Assets
Operating lease, right-of-use asset1542 
Oil and gas property, successful effort method5,5656,4306,7856,8707,0937,057 
Intangible assets, net (including goodwill), including:56606367717578
Intangible assets, net (excluding goodwill)   45   
Other undisclosed intangible assets, net (including goodwill)56606323717578
Deposits noncurrent assets35353535353510
Other undisclosed noncurrent assets2002002691882002007,269
Total noncurrent assets:5,8716,7677,1527,1607,4007,3687,357
TOTAL ASSETS:5,9336,9037,2977,4158,0517,6027,732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,9082,8562,7242,6582,4312,1761,996
Interest and dividends payable661568478390331285240
Other undisclosed accounts payable and accrued liabilities2,2472,2872,2452,2672,1001,8911,755
Debt2,4602,5052,3992,3532,2151,7521,659
Asset retirement obligation261257254250247243240
Due to related parties119      
Other undisclosed current liabilities1,3981,3621,2801,116785748722
Total current liabilities:7,1476,9806,6566,3775,6774,9204,616
Noncurrent Liabilities
Other undisclosed noncurrent liabilities261257254250547543540
Total noncurrent liabilities:261257254250547543540
Total liabilities:7,4087,2376,9106,6276,2245,4635,156
Stockholders' equity
Stockholders' equity attributable to parent(1,475)(334)3887881,8272,1392,576
Preferred stock8,0128,0128,0127,9127,9127,9127,912
Common stock49494945454545
Additional paid in capital6,1476,1476,1476,1516,0155,9595,959
Accumulated deficit(15,683)(14,542)(13,821)(13,321)(12,145)(11,778)(11,340)
Total stockholders' equity:(1,475)(334)3887881,8272,1392,576
TOTAL LIABILITIES AND EQUITY:5,9336,9037,2977,4158,0517,6027,732

Income statement (P&L) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues2875176138321300213
Cost of revenue
(Cost of Goods and Services Sold)
     (151)(286)
Gross profit:2875176138321149(73)
Operating expenses(1,076)(684)(503)(1,159)(634)(631)(753)
Other operating expense, net
(Other Expenses)
(94)(112)(173)(412)  (11)
Other undisclosed operating income     151 
Operating loss:(1,141)(721)(500)(1,432)(313)(331)(838)
Interest and debt expense(94)(112)(173)(155)(110)(107)(11)
Loss before gain (loss) on sale of properties:(1,236)(833)(673)(1,588)(424)(438)(849)
Other undisclosed net income94112173412  297
Net loss attributable to parent:(1,141)(721)(500)(1,176)(424)(438)(552)
Preferred stock dividends and other adjustments(202)(200)(196)(200)(199)(197)(195)
Net loss available to common stockholders, diluted:(1,343)(921)(696)(1,375)(623)(635)(747)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(1,141)(721)(500)(1,176)(424)(438)(552)
Comprehensive loss, net of tax, attributable to parent:(1,141)(721)(500)(1,176)(424)(438)(552)

Statements sources

The financial statements are based on the company's filings with the 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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