Discovery Energy Corp. (DENR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE RIVERWAY DRIVE HOUSTON, TX 77056 |
| State of Incorp. | NV |
| Fiscal Year End | February 28 |
| Industry (SIC) | 1382 - Oil and Gas Field Exploration Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,752 | 8,115 | 405,908 | 261,141 | 533,749 | 15,895 | |||
| Cash and cash equivalents | 9,752 | 8,115 | 405,908 | 261,141 | 533,749 | 15,895 | |||
| Receivables | 14 | 624 | 1,311 | 1,537 | 8,359 | ||||
| Prepaid expense | 7,909 | 34,480 | 23,246 | 90,722 | 18,783 | 17,059 | |||
| Total current assets: | 17,675 | 43,219 | 430,465 | 353,400 | 560,891 | 32,954 | |||
| Noncurrent Assets | |||||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 2,883,915 | 2,883,915 | 2,883,915 | 2,883,915 | 2,621,415 | ||||
| Intangible assets, net (including goodwill) | 2,421,415 | ||||||||
| Intangible assets, net (excluding goodwill) | 2,421,415 | ||||||||
| Other noncurrent assets | 39,145 | 32,620 | 35,730 | 38,960 | 38,440 | ||||
| Total noncurrent assets: | 2,923,060 | 2,916,535 | 2,919,645 | 2,922,875 | 2,659,855 | 2,421,415 | |||
| TOTAL ASSETS: | 2,940,735 | 2,959,754 | 3,350,110 | 3,276,275 | 3,220,746 | 2,454,369 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,322,321 | 2,223,339 | 1,409,658 | 813,738 | 336,859 | 97,277 | |||
| Other undisclosed accounts payable and accrued liabilities | 3,322,321 | 2,223,339 | 1,409,658 | 813,738 | 336,859 | 97,277 | |||
| Debt | 542,294 | ||||||||
| Other liabilities | 4,396 | 13,623 | |||||||
| Due to related parties | 1,273,030 | 814,399 | 149,190 | 30,476 | 139,948 | 263,461 | |||
| Total current liabilities: | 4,595,351 | 3,037,738 | 1,558,848 | 844,214 | 481,203 | 916,655 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,513,346 | 4,744,804 | 3,182,027 | 1,754,305 | 556,920 | ||||
| Long-term debt, excluding current maturities | 5,513,346 | 4,744,804 | 3,182,027 | 1,754,305 | 556,920 | ||||
| Other undisclosed noncurrent liabilities | 15,526,457 | 8,221,135 | |||||||
| Total noncurrent liabilities: | 5,513,346 | 4,744,804 | 3,182,027 | 17,280,762 | 8,778,055 | ||||
| Total liabilities: | 10,108,697 | 7,782,542 | 4,740,875 | 18,124,976 | 9,259,258 | 916,655 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (7,167,962) | (4,822,788) | (1,390,765) | (14,848,701) | (6,038,512) | 1,537,714 | |||
| Common stock | 154,365 | 153,840 | 148,240 | 143,040 | 141,665 | 140,189 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (6,250) | ||||||||
| Additional paid in capital | 24,199,651 | 20,447,198 | 18,059,682 | 4,520,275 | 4,246,650 | 3,952,947 | |||
| Accumulated other comprehensive income (loss) | 139,760 | 154,199 | 76,205 | 4,756 | (89,010) | (11,830) | |||
| Accumulated deficit | (31,661,738) | (25,578,025) | (19,674,892) | (19,516,772) | (10,337,817) | (2,543,592) | |||
| Other undisclosed equity, attributable to parent | 6,250 | ||||||||
| Total equity: | (7,167,962) | (4,822,788) | (1,390,765) | (14,848,701) | (6,038,512) | 1,537,714 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,940,735 | 2,959,754 | 3,350,110 | 3,276,275 | 3,220,746 | 2,454,369 | |||
Income Statement (P&L) (USD)
| 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (3,755,298) | (3,661,874) | (1,513,622) | (1,420,086) | (3,832,458) | (281,203) | ||
| Operating loss: | (3,755,298) | (3,661,874) | (1,513,622) | (1,420,086) | (3,832,458) | (281,203) | ||
| Nonoperating expense | (2,328,415) | (2,241,259) | (2,272,010) | (7,758,869) | (3,961,767) | (3,078) | ||
| Gain (loss), foreign currency transaction, before tax | (77) | (2,284) | 3,639 | 3,599 | 18,327 | |||
| Interest and debt expense | (2,328,346) | (2,243,062) | (2,344,975) | (2,150,825) | 57,545 | (21,457) | ||
| Loss from continuing operations: | (8,412,059) | (8,146,195) | (6,130,607) | (11,329,780) | (7,736,680) | (305,738) | ||
| Loss before gain (loss) on sale of properties: | (8,412,059) | (8,146,195) | (6,130,607) | (11,329,780) | (7,736,680) | (305,738) | ||
| Net loss: | (8,412,059) | (8,146,195) | (6,130,607) | (11,329,780) | (7,736,680) | (305,738) | ||
| Other undisclosed net income (loss) attributable to parent | 2,328,346 | 2,243,062 | 2,344,975 | 2,150,825 | (57,545) | 21,457 | ||
| Net loss available to common stockholders, diluted: | (6,083,713) | (5,903,133) | (3,785,632) | (9,178,955) | (7,794,225) | (284,281) | ||
Comprehensive Income (USD)
| 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,412,059) | (8,146,195) | (6,130,607) | (11,329,780) | (7,736,680) | (305,738) | ||
| Other comprehensive loss | (77,180) | (5,146) | ||||||
| Comprehensive loss: | (8,412,059) | (8,146,195) | (6,130,607) | (11,329,780) | (7,813,860) | (310,884) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,313,907 | 2,321,056 | 2,416,424 | 2,244,591 | (57,545) | |||
| Comprehensive loss, net of tax, attributable to parent: | (6,098,152) | (5,825,139) | (3,714,183) | (9,085,189) | (7,871,405) | (310,884) | ||
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.