Citadel Exploration, Inc. (COIL) Financial Statements (2024 and earlier)
Company Profile
Business Address |
417 31ST STREET NEWPORT BEACH, CA 92663 |
State of Incorp. | NV |
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) ($ in thousands)Annual | Quarterly
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 investments | 94 | 86 | 307 | 19 | 251 | ||||
Cash and cash equivalents | 94 | 86 | 307 | 19 | 251 | ||||
Receivables | 64 | 39 | |||||||
Prepaid expense | 72 | 11 | 33 | 67 | 88 | 5 | |||
Other undisclosed current assets | 136 | 277 | 127 | 119 | |||||
Total current assets: | 136 | 145 | 255 | 652 | 235 | 376 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 42 | ✕ | ✕ | ✕ | ✕ | ||||
Oil and gas property, successful effort method | 6,430 | 6,785 | 6,870 | 7,093 | 7,057 | ||||
Intangible assets, net (including goodwill), including: | 60 | 63 | 67 | 71 | 75 | 78 | |||
Intangible assets, net (excluding goodwill) | 45 | ||||||||
Other undisclosed intangible assets, net (including goodwill) | 60 | 63 | 23 | 71 | 75 | 78 | |||
Deposits noncurrent assets | 35 | 35 | 35 | 35 | 35 | 10 | |||
Other undisclosed noncurrent assets | 200 | 269 | 188 | 200 | 200 | 7,269 | |||
Total noncurrent assets: | 6,767 | 7,152 | 7,160 | 7,400 | 7,368 | 7,357 | |||
TOTAL ASSETS: | 6,903 | 7,297 | 7,415 | 8,051 | 7,602 | 7,732 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,856 | 2,724 | 2,658 | 2,431 | 2,176 | 1,996 | |||
Interest and dividends payable | 568 | 478 | 390 | 331 | 285 | 240 | |||
Other undisclosed accounts payable and accrued liabilities | 2,287 | 2,245 | 2,267 | 2,100 | 1,891 | 1,755 | |||
Debt | 2,505 | 2,399 | 2,353 | 2,215 | 1,752 | 1,659 | |||
Asset retirement obligation | 257 | 254 | 250 | 247 | 243 | 240 | |||
Due to related parties | |||||||||
Other undisclosed current liabilities | 1,362 | 1,280 | 1,116 | 785 | 748 | 722 | |||
Total current liabilities: | 6,980 | 6,656 | 6,377 | 5,677 | 4,920 | 4,616 | |||
Noncurrent Liabilities | |||||||||
Other undisclosed noncurrent liabilities | 257 | 254 | 250 | 547 | 543 | 540 | |||
Total noncurrent liabilities: | 257 | 254 | 250 | 547 | 543 | 540 | |||
Total liabilities: | 7,237 | 6,910 | 6,627 | 6,224 | 5,463 | 5,156 | |||
Equity | |||||||||
Equity, attributable to parent | (334) | 388 | 788 | 1,827 | 2,139 | 2,576 | |||
Preferred stock | 8,012 | 8,012 | 7,912 | 7,912 | 7,912 | 7,912 | |||
Common stock | 49 | 49 | 45 | 45 | 45 | 45 | |||
Additional paid in capital | 6,147 | 6,147 | 6,151 | 6,015 | 5,959 | 5,959 | |||
Accumulated deficit | (14,542) | (13,821) | (13,321) | (12,145) | (11,778) | (11,340) | |||
Total equity: | (334) | 388 | 788 | 1,827 | 2,139 | 2,576 | |||
TOTAL LIABILITIES AND EQUITY: | 6,903 | 7,297 | 7,415 | 8,051 | 7,602 | 7,732 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 75 | 176 | 138 | 321 | 300 | 213 | ||
Cost of revenue (Cost of Goods and Services Sold) | (151) | (286) | ||||||
Gross profit: | 75 | 176 | 138 | 321 | 149 | (73) | ||
Operating expenses | (684) | (503) | (1,159) | (634) | (631) | (753) | ||
Other operating expense, net (Other Expenses) | (112) | (173) | (412) | (11) | ||||
Other undisclosed operating income | 151 | |||||||
Operating loss: | (721) | (500) | (1,432) | (313) | (331) | (838) | ||
Interest and debt expense | (112) | (173) | (155) | (110) | (107) | (11) | ||
Loss from continuing operations: | (833) | (673) | (1,588) | (424) | (438) | (849) | ||
Loss before gain (loss) on sale of properties: | (833) | (673) | (1,588) | (424) | (438) | (849) | ||
Other undisclosed net income | 112 | 173 | 412 | 297 | ||||
Net loss attributable to parent: | (721) | (500) | (1,176) | (424) | (438) | (552) | ||
Preferred stock dividends and other adjustments | (200) | (196) | (200) | (199) | (197) | (195) | ||
Net loss available to common stockholders, diluted: | (921) | (696) | (1,375) | (623) | (635) | (747) |
Comprehensive Income ($ in thousands)Annual | Quarterly
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: | (721) | (500) | (1,176) | (424) | (438) | (552) | ||
Comprehensive loss, net of tax, attributable to parent: | (721) | (500) | (1,176) | (424) | (438) | (552) |
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.