GLORI ENERGY INC (GLRI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4315 SOUTH DRIVE HOUSTON, TX 77053 |
| 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)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 8,380 | 29,751 | |||
| Cash and cash equivalents | 8,380 | 29,751 | |||
| Receivables | 1,456 | 1,371 | |||
| Inventory, net of allowances, customer advances and progress billings | 2 | ||||
| Inventory | 2 | ||||
| Derivative instruments and hedges, assets | 3,411 | 5,810 | |||
| Other undisclosed current assets | 314 | (2,663) | |||
| Total current assets: | 13,561 | 34,271 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 6,439 | 5,941 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 48,454 | 45,694 | |||
| Derivative instruments and hedges | 5,782 | ||||
| Deferred costs | 227 | 490 | |||
| Deferred tax assets, net | 1,161 | 970 | |||
| Other undisclosed noncurrent assets | (47,578) | (25,713) | |||
| Total noncurrent assets: | 8,703 | 33,164 | |||
| TOTAL ASSETS: | 22,264 | 67,435 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 1,180 | 1,792 | |||
| Interest and dividends payable | 386 | 15 | |||
| Taxes payable | 47 | 223 | |||
| Employee-related liabilities | 91 | 892 | |||
| Accounts payable | 2,251 | ||||
| Accrued liabilities | 1,792 | ||||
| Other undisclosed accounts payable and accrued liabilities | 656 | (3,381) | |||
| Debt | 480 | 2,380 | |||
| Deferred revenue and credits | 653 | ||||
| Deferred tax liabilities | 1,161 | 970 | |||
| Other undisclosed current liabilities | 1,430 | 2,251 | |||
| Total current liabilities: | 4,251 | 8,046 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 10,045 | 16,845 | |||
| Long-term debt, excluding current maturities | 10,045 | 16,845 | |||
| Liabilities, other than long-term debt | 1,457 | 1,329 | |||
| Asset retirement obligations | 1,457 | ||||
| Other liabilities | 1,329 | ||||
| Total noncurrent liabilities: | 11,502 | 18,174 | |||
| Total liabilities: | 15,753 | 26,220 | |||
| Equity | |||||
| Equity, attributable to parent | 6,511 | 41,215 | |||
| Common stock | 3 | 3 | |||
| Additional paid in capital | 106,934 | 105,383 | |||
| Accumulated deficit | (100,426) | (64,171) | |||
| Total equity: | 6,511 | 41,215 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,264 | 67,435 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 9,002 | 15,859 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (9,974) | (10,777) | ||
| Gross profit: | (972) | 5,082 | ||
| Operating expenses | (47,676) | (39,877) | ||
| Other undisclosed operating income | 9,974 | 10,777 | ||
| Operating loss: | (38,674) | (24,018) | ||
| Nonoperating income | 2,237 | 5,471 | ||
| Other nonoperating income | 445 | 17 | ||
| Interest and debt expense | (2,169) | (3,023) | ||
| Loss from continuing operations before equity method investments, income taxes: | (38,606) | (21,570) | ||
| Other undisclosed income from continuing operations before income taxes | 2,169 | 3,023 | ||
| Loss from continuing operations before income taxes: | (36,437) | (18,547) | ||
| Income tax expense (benefit) | 182 | (209) | ||
| Loss from continuing operations: | (36,255) | (18,756) | ||
| Loss before gain (loss) on sale of properties: | (36,255) | (18,756) | ||
| Net loss available to common stockholders, diluted: | (36,255) | (18,756) | ||
Comprehensive Income ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|
| Net loss: | (36,255) | (18,756) | ||
| Comprehensive loss, net of tax, attributable to parent: | (36,255) | (18,756) | ||
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.