Foothills Exploration, Inc (FTXP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
10940 WILSHIRE BLVD LOS ANGELES, CA 90024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21 | 4 | 1 | 1 | 0 | ||||
| Cash and cash equivalent | 21 | 4 | 1 | 1 | 0 | ||||
| Restricted cash and investments | 120 | 120 | 120 | 120 | 240 | 240 | |||
| Receivables | 90 | 156 | 10 | 1 | 1 | 397 | |||
| Prepaid expense | 125 | 83 | 6 | 46 | 37 | 29 | |||
| Other undisclosed current assets | 10 | 171 | |||||||
| Total current assets: | 366 | 533 | 137 | 168 | 278 | 665 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 147 | 171 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 3 | 4 | 6 | 8 | 10 | 12 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | (544) | (201) | (412) | (305) | (214) | (109) | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 12,970 | 13,303 | 12,427 | 14,733 | 14,830 | 14,754 | |||
| Restricted cash and investments | 240 | 240 | |||||||
| Other undisclosed noncurrent assets | 689 | 346 | 557 | 450 | 119 | 164 | |||
| Total noncurrent assets: | 13,265 | 13,623 | 12,579 | 14,886 | 14,985 | 15,061 | |||
| TOTAL ASSETS: | 13,631 | 14,156 | 12,716 | 15,054 | 15,263 | 15,727 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,318 | 4,215 | 4,320 | 4,440 | 4,554 | 4,883 | |||
| Interest and dividends payable | 653 | 552 | 375 | 404 | 303 | 109 | |||
| Other undisclosed accounts payable and accrued liabilities | 3,665 | 3,663 | 3,945 | 4,036 | 4,250 | 4,774 | |||
| Debt | 1,894 | 1,879 | 1,596 | 1,540 | 1,421 | 1,421 | |||
| Deferred rent credit | 14 | 15 | |||||||
| Derivative instruments and hedges, liabilities | 6,506 | 7,174 | 661 | 454 | 624 | 413 | |||
| Other liabilities | 390 | 304 | 283 | 250 | 293 | 328 | |||
| Due to related parties | 8,267 | 8,237 | 8,045 | 7,886 | 7,663 | 7,905 | |||
| Other undisclosed current liabilities | 2,780 | 1,991 | 1,317 | 989 | 887 | 499 | |||
| Total current liabilities: | 24,155 | 23,799 | 16,222 | 15,560 | 15,455 | 15,464 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 46 | 72 | 33 | 31 | |||||
| Long-term debt, excluding current maturities | 33 | 31 | |||||||
| Liabilities, other than long-term debt | 583 | 569 | 340 | 337 | 333 | 306 | |||
| Asset retirement obligations | 583 | 569 | 340 | 337 | 333 | 306 | |||
| Operating lease, liability | 46 | 72 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 2 | 3 | |||||||
| Total noncurrent liabilities: | 630 | 645 | 373 | 367 | 333 | 306 | |||
| Total liabilities: | 24,786 | 24,444 | 16,595 | 15,927 | 15,788 | 15,770 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (11,155) | (10,288) | (3,879) | (873) | (525) | (43) | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 1 | |||
| Common stock, value, subscriptions | 53 | 974 | 199 | ||||||
| Additional paid in capital | 17,234 | 16,860 | 11,173 | 10,655 | 9,359 | 9,087 | |||
| Accumulated deficit | (28,410) | (27,150) | (15,054) | (11,583) | (10,859) | (9,330) | |||
| Other undisclosed equity, attributable to parent | 19 | ||||||||
| Total equity: | (11,155) | (10,288) | (3,879) | (873) | (525) | (43) | |||
| TOTAL LIABILITIES AND EQUITY: | 13,631 | 14,156 | 12,716 | 15,054 | 15,263 | 15,727 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 484 | 997 | 697 | 583 | 560 | 728 | ||
| Gross profit: | 484 | 997 | 697 | 583 | 560 | 728 | ||
| Operating expenses | (1,758) | (1,380) | (3,640) | (1,224) | (1,100) | (1,313) | ||
| Operating loss: | (1,274) | (383) | (2,944) | (641) | (540) | (584) | ||
| Nonoperating income (expense) | 14 | (6,718) | (528) | (83) | (988) | (277) | ||
| Interest and debt expense | 514 | (404) | 284 | 55 | (64) | (340) | ||
| Income (loss) from continuing operations: | (746) | (7,504) | (3,188) | (669) | (1,592) | (1,201) | ||
| Income (loss) before gain (loss) on sale of properties: | (746) | (7,504) | (3,188) | (669) | (1,592) | (1,201) | ||
| Net income (loss): | (746) | (7,504) | (3,188) | (669) | (1,592) | (1,201) | ||
| Other undisclosed net income (loss) attributable to parent | (514) | 404 | (284) | (55) | 64 | 340 | ||
| Net income (loss) available to common stockholders, diluted: | (1,260) | (7,100) | (3,471) | (724) | (1,528) | (862) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (746) | (7,504) | (3,188) | (669) | (1,592) | (1,201) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (746) | (7,504) | (3,188) | (669) | (1,592) | (1,201) | ||
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.