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 investments9,7528,115405,908261,141533,74915,895
Cash and cash equivalents9,7528,115405,908261,141533,74915,895
Receivables146241,3111,5378,359 
Prepaid expense7,90934,48023,24690,72218,78317,059
Total current assets:17,67543,219430,465353,400560,89132,954
Noncurrent Assets
Oil and gas property, successful effort method2,883,9152,883,9152,883,9152,883,9152,621,415 
Intangible assets, net (including goodwill)      2,421,415
Intangible assets, net (excluding goodwill)      2,421,415
Other noncurrent assets39,14532,62035,73038,96038,440 
Total noncurrent assets:2,923,0602,916,5352,919,6452,922,8752,659,8552,421,415
TOTAL ASSETS:2,940,7352,959,7543,350,1103,276,2753,220,7462,454,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,322,3212,223,3391,409,658813,738336,85997,277
Other undisclosed accounts payable and accrued liabilities3,322,3212,223,3391,409,658813,738336,85997,277
Debt     542,294
Due to related parties1,273,030814,399149,19030,476139,948263,461
Other liabilities     4,39613,623
Total current liabilities:4,595,3513,037,7381,558,848844,214481,203916,655
Noncurrent Liabilities
Long-term debt and lease obligation5,513,3464,744,8043,182,0271,754,305556,920 
Long-term debt, excluding current maturities5,513,3464,744,8043,182,0271,754,305556,920 
Other undisclosed noncurrent liabilities    15,526,4578,221,135 
Total noncurrent liabilities:5,513,3464,744,8043,182,02717,280,7628,778,055 
Total liabilities:10,108,6977,782,5424,740,87518,124,9769,259,258916,655
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 stock154,365153,840148,240143,040141,665140,189
Common stock, share subscribed but unissued, subscriptions receivable  (6,250)    
Additional paid in capital24,199,65120,447,19818,059,6824,520,2754,246,6503,952,947
Accumulated other comprehensive income (loss)139,760154,19976,2054,756(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:2,940,7352,959,7543,350,1103,276,2753,220,7462,454,369

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)3,6393,59918,327
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 parent2,328,3462,243,0622,344,9752,150,825(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 parent2,313,9072,321,0562,416,4242,244,591(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.

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