Fortem Resources Inc. (FTMRQ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
67 EAST 5TH AVENUE VANCOUVER, BC V5T 1G7 |
| State of Incorp. | NV |
| Fiscal Year End | February 29 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 5/31/2020 MRQ | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,022 | 35,171 | 176,895 | 459,481 | 22,426 | 26,858 | |||
| Cash and cash equivalents | 13,022 | 35,171 | 176,895 | 459,481 | 22,426 | 26,858 | |||
| Receivables | 67,317 | 24,737 | 455,593 | 27,103 | 3,279 | 4,680 | |||
| Prepaid expense | 72,578 | ||||||||
| Other undisclosed current assets | 20,514 | 69,753 | (312,684) | 24,099 | 7,809 | ||||
| Total current assets: | 100,853 | 129,661 | 319,804 | 510,683 | 33,514 | 104,116 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 47,526 | 51,090 | 54,654 | 54,956 | 57,236 | 65,421 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 587,770 | ||||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 76,935,275 | 140,881,572 | 2,631,354 | 641,494 | 568,151 | ||||
| Long-term investments and receivables | 1,500,000 | ||||||||
| Long-term investments | 1,500,000 | ||||||||
| Deposits noncurrent assets | 43,517 | ||||||||
| Other undisclosed noncurrent assets | 1 | 273,493 | 1,543,962 | 33,082 | 32,224 | ||||
| Total noncurrent assets: | 77,026,319 | 142,706,155 | 4,229,970 | 729,532 | 657,611 | 653,191 | |||
| TOTAL ASSETS: | 77,127,172 | 142,835,816 | 4,549,774 | 1,240,215 | 691,125 | 757,307 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,684,901 | 1,172,602 | 558,591 | ||||||
| Accounts payable | 1,563,102 | 1,093,328 | |||||||
| Accrued liabilities | 121,799 | 79,274 | 35,937 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 522,654 | ||||||||
| Debt | 1,523,550 | 77,203 | 19,965 | ||||||
| Derivative instruments and hedges, liabilities | 150,136 | 379,463 | |||||||
| Due to related parties | 113,094 | 40,354 | 445,912 | 130,884 | |||||
| Other undisclosed current liabilities | 1,311,392 | 2,995,639 | 1,136,092 | 35,937 | |||||
| Total current liabilities: | 3,321,545 | 1,290,159 | 1,757,304 | 2,995,639 | 1,286,228 | 1,124,840 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 532,319 | 500,000 | |||||||
| Long-term debt, excluding current maturities | 532,319 | 500,000 | |||||||
| Liabilities, other than long-term debt | 32,310 | 29,272 | 28,352 | 24,546 | 21,900 | 21,515 | |||
| Asset retirement obligations | 32,310 | 29,272 | 28,352 | 24,546 | 21,900 | 21,515 | |||
| Other undisclosed noncurrent liabilities | 16,215,677 | 16,215,677 | |||||||
| Total noncurrent liabilities: | 16,780,306 | 16,744,949 | 28,352 | 24,546 | 21,900 | 21,515 | |||
| Total liabilities: | 20,101,851 | 18,035,108 | 1,785,656 | 3,020,185 | 1,308,128 | 1,146,355 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 57,025,321 | 124,800,708 | 2,764,118 | (1,779,970) | (617,003) | (389,048) | |||
| Common stock | 122,570 | 122,070 | 117,873 | 29,428 | 21,919 | 21,772 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | 200,000 | 110,000 | |||||||
| Common stock, value, subscriptions | 3,600,000 | 3,600,000 | |||||||
| Additional paid in capital | 160,719,464 | 160,533,964 | 17,879,597 | 5,028,885 | 3,115,078 | 2,962,947 | |||
| Accumulated other comprehensive loss | (383,257) | (383,257) | (383,257) | (383,257) | (133,280) | (123,371) | |||
| Accumulated deficit | (107,033,456) | (39,072,069) | (14,650,095) | (6,345,026) | (3,620,720) | (3,250,396) | |||
| Other undisclosed equity, attributable to parent | (400,000) | (220,000) | |||||||
| Total equity: | 57,025,321 | 124,800,708 | 2,764,118 | (1,779,970) | (617,003) | (389,048) | |||
| TOTAL LIABILITIES AND EQUITY: | 77,127,172 | 142,835,816 | 4,549,774 | 1,240,215 | 691,125 | 757,307 | |||
Income Statement (P&L) (USD)
| 5/31/2020 TTM | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 721 | 9,107 | ||||||
| Revenue, net | ✕ | ✕ | ✕ | 9,107 | ||||
| Other income | 721 | ✕ | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | (693,503) | (641,494) | (568,151) | |||||
| Gross profit: | (692,782) | (641,494) | (568,151) | 9,107 | ||||
| Operating expenses | (744,104) | (1,017,387) | (1,501,691) | (558,014) | (464,303) | (665,516) | ||
| Other operating income, net (Other Expenses) | 6,340,626 | 2,232,913 | ||||||
| Other undisclosed operating income (loss) | (636,485) | (359,765) | (6,110,596) | (1,524,798) | 457,560 | |||
| Operating loss: | (1,380,589) | (1,377,152) | (1,964,443) | (491,393) | (574,894) | (656,409) | ||
| Nonoperating income (expense) | (66,580,798) | 40,472 | 243 | |||||
| Investment income, nonoperating | 243 | |||||||
| Gain, foreign currency transaction, before tax | 38,236 | 40,472 | ||||||
| Interest and debt expense | 27,227 | (79,632) | 40,684 | 16,871 | 109,548 | |||
| Loss from continuing operations before equity method investments, income taxes: | (67,934,160) | (1,456,784) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Other undisclosed loss from continuing operations before income taxes | (27,227) | (92,686) | ||||||
| Loss from continuing operations before income taxes: | (67,961,387) | (1,549,470) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Other undisclosed income from continuing operations | 53,689,387 | 1,224,470 | ||||||
| Loss from continuing operations: | (14,272,000) | (325,000) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Loss before gain (loss) on sale of properties: | (14,272,000) | (325,000) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Net loss: | (14,272,000) | (325,000) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Other undisclosed net income (loss) attributable to parent | (53,689,387) | (1,224,470) | (6,421,782) | (2,249,784) | 204,327 | 191,382 | ||
| Net loss available to common stockholders, diluted: | (67,961,387) | (1,549,470) | (8,305,069) | (2,724,306) | (370,324) | (355,479) | ||
Comprehensive Income (USD)
| 5/31/2020 TTM | 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (14,272,000) | (325,000) | (1,883,287) | (474,522) | (574,651) | (546,861) | ||
| Other comprehensive loss | (2,974,283) | |||||||
| Comprehensive loss: | (14,272,000) | (325,000) | (1,883,287) | (3,448,805) | (574,651) | (546,861) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (6,421,782) | 194,418 | 89,571 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (14,272,000) | (325,000) | (8,305,069) | (3,448,805) | (380,233) | (457,290) | ||
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.