Freestone Resources Inc (FSNR) financial statements (2021 and earlier)

Company profile

Business Address 101 W. AVE D
ENNIS, TX 75119
State of Incorp. NV
Fiscal Year End June 30
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2018
6/30/2017
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3 1873206
Cash and cash equivalents3 1873206
Inventory, net of allowances, customer advances and progress billings30 122
Inventory30 122  
Prepaid expense  49 
Other undisclosed current assets207 980 
Total current assets:240 28773206
Noncurrent Assets
Property, plant and equipment1,360 1,6382748
Oil and gas property, full cost method    20
Long-term investments and receivables    100
Long-term investments    100
Other undisclosed noncurrent assets    19
Total noncurrent assets:1,360 1,63827187
TOTAL ASSETS:1,600 1,925101392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities671 (103)1011
Accounts payable91 (103)95
Accrued liabilities580  06
Debt352 (56)  
Due to related parties1,580    
Deferred revenue and credits   20 
Other liabilities400    
Other undisclosed current liabilities  (32) 280
Total current liabilities:3,004 (191)30291
Noncurrent Liabilities
Long-term debt and lease obligation, including:26    
Long-term debt, excluding current maturities715    
Capital lease obligations13    
Other undisclosed long-term debt and lease obligation(703)    
Other undisclosed noncurrent liabilities703  1440
Total noncurrent liabilities:728  1440
Total liabilities:3,732 (191)44331
Stockholders' equity
Stockholders' equity attributable to parent(2,878)  5661
Common stock92  7468
Additional paid in capital20,859  18,74718,117
Accumulated deficit(23,829)  (18,764)(18,124)
Stockholders' equity attributable to noncontrolling interest747    
Total stockholders' equity:(2,132)  5661
TOTAL LIABILITIES AND EQUITY:1,600 (191)101392

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

6/30/2018
6/30/2017
6/30/2015
6/30/2014
6/30/2013
Revenues1,164 1,118139
Revenue, net  3139
Cost of revenue(905) (580)(6)(14)
Cost of goods and services sold   (43)(14)
Gross profit:259 5387(5)
Operating expenses(1,267) (838)(647)(857)
Other undisclosed operating income    14
Operating loss:(1,008) (300)(640)(848)
Nonoperating income
(Other Nonoperating income)
    287
Loss from continuing operations before equity method investments, income taxes:(1,008) (300)(640)(561)
Loss from equity method investments    (5)
Other undisclosed loss from continuing operations before income taxes(220) (11)  
Loss from continuing operations before income taxes:(1,228) (311)(640)(566)
Income tax expense    (614)
Net loss:(1,228) (311)(640)(1,180)
Net income (loss) attributable to noncontrolling interest90  14(5)
Other undisclosed net income (loss) attributable to parent   (14)50
Net loss available to common stockholders, diluted:(1,138) (311)(640)(1,135)

Comprehensive Income ($ in thousands)

6/30/2018
6/30/2017
6/30/2015
6/30/2014
6/30/2013
Net loss:(1,228) (311)(640)(1,180)
Comprehensive loss:(1,228) (311)(640)(1,180)
Comprehensive income, net of tax, attributable to noncontrolling interest153  14 
Comprehensive loss, net of tax, attributable to parent:(1,075) (311)(626)(1,180)

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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