Falconridge Oil Technologies Corp (FROT) Financial Statements (2024 and earlier)

Company Profile

Business Address 6 BAKER RD.
BRAMPTON, ON L6T 4E3
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) ($ in thousands)

2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27
Cash and cash equivalents27
Receivables12
Other undisclosed current assets 
Total current assets:39
Noncurrent Assets
Property, plant and equipment5
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment 
Oil and gas, full cost method, property and equipment, after accumulated depletion102
Other undisclosed noncurrent assets289
Total noncurrent assets:396
TOTAL ASSETS:435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187
Accounts payable140
Accrued liabilities47
Debt70
Due to related parties1,462
Other undisclosed current liabilities 
Total current liabilities:1,719
Noncurrent Liabilities
Total liabilities:1,719
Equity
Equity, attributable to parent(1,284)
Common stock49
Additional paid in capital271
Accumulated other comprehensive income 
Accumulated deficit(1,604)
Total equity:(1,284)
TOTAL LIABILITIES AND EQUITY:435

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

2/28/2015
2/28/2014
Revenues19
Revenue, net19
Financial services revenue 
Gross profit:19
Operating expenses(475)
Operating loss:(456)
Nonoperating expense
(Investment Income, Nonoperating)
 
Interest and debt expense(2)
Loss from continuing operations:(457)
Loss before gain (loss) on sale of properties:(457)
Other undisclosed net loss 
Net loss available to common stockholders, diluted:(457)

Comprehensive Income ($ in thousands)

2/28/2015
2/28/2014
Net loss:(457)
Other comprehensive income 
Comprehensive loss, net of tax, attributable to parent:(457)

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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