Geomet Inc (GMET) Financial Statements (2024 and earlier)

Company Profile

Business Address 909 FANNIN, SUITE 3208
HOUSTON, TX 77010
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) (USD)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,594,22022,098,60322,894,40524,118,09024,978,8087,559,114
Cash and cash equivalents21,594,22022,098,60322,894,40524,118,09024,978,8087,559,114
Receivables     112,79410,018
Advance royalties     (115,522) 
Disposal group, including discontinued operation     2,833,774 
Assets held-for-sale46,451,620
Other current assets10,83279,567148,302305,15524,921101,909
Other undisclosed current assets     115,522 
Total current assets:21,605,05222,178,17023,042,70724,423,24527,950,29754,122,661
Noncurrent Assets
Other noncurrent assets    10,832 47,409
Total noncurrent assets:    10,832 47,409
TOTAL ASSETS:21,605,05222,178,17023,042,70724,434,07727,950,29754,170,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities262,075170,095927,8931,093,156873,502540,173
Taxes payable 2,5432,543652,543676,444700,000 
Accounts payable259,532167,552152,258403,525155,686531,263
Accrued liabilities   123,09213,18717,8168,910
Debt      70,000,000
Asset retirement obligation    173,524669,8177,979,073
Disposal group, including discontinued operation    346,6062,298,769 
Other undisclosed current liabilities   (650,000)(550,000)125,2419,262,997
Total current liabilities:262,075170,095277,8931,063,2863,967,32987,782,243
Noncurrent Liabilities
Liabilities, other than long-term debt      1,359,671
Asset retirement obligations      1,359,671
Total noncurrent liabilities:      1,359,671
Total liabilities:262,075170,095277,8931,063,2863,967,32989,141,914
Temporary equity, carrying amount72,170,15050,125,26248,676,22147,330,53945,907,69244,649,612
Equity
Equity, attributable to parent(30,366,922)(28,117,187)(25,911,407)(23,959,748)(21,924,724)(79,621,456)
Common stock40,52440,52440,52440,52440,52540,663
Treasury stock, value(94,424)(94,424)(94,424)(94,424)(94,424)(94,424)
Additional paid in capital179,240,658180,825,733182,275,243183,621,322185,044,673186,321,871
Accumulated deficit(209,553,680)(208,889,020)(208,132,750)(207,527,170)(206,915,498)(265,889,566)
Other undisclosed equity (20,460,251)     
Total equity:(50,827,173)(28,117,187)(25,911,407)(23,959,748)(21,924,724)(79,621,456)
TOTAL LIABILITIES AND EQUITY:21,605,05222,178,17023,042,70724,434,07727,950,29754,170,070

Income Statement (P&L) (USD)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Operating expenses(700,146)(756,780)(686,132)(1,212,887)(1,345,241)(1,143,421)
Operating loss:(700,146)(756,780)(686,132)(1,212,887)(1,345,241)(1,143,421)
Nonoperating income (expense)41,7366,760(2,746,126)2,4571,669(18,534)
Other nonoperating income (expense)41,7366,760 2,4571,669(18,534)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   2,748,906 (3,338) 
Loss from continuing operations before income taxes:(658,410)(750,020)(683,352)(1,210,430)(1,346,910)(1,161,955)
Income tax expense(6,250)(6,250)(6,250)(6,250)(6,250)(6,250)
Loss from continuing operations:(664,660)(756,270)(689,602)(1,216,680)(1,353,160)(1,168,205)
Loss before gain (loss) on sale of properties:(664,660)(756,270)(2,018,589)(1,249,955)(643,441)(1,168,205)
Income (loss) from discontinued operations   (1,328,987)(33,275)709,719 
Net loss:(664,660)(756,270)(2,018,589)(1,249,955)(643,441)(1,168,205)
Other undisclosed net income attributable to parent   1,413,009638,28359,617,5092,017,061
Net income (loss) attributable to parent:(664,660)(756,270)(605,580)(611,672)58,974,068848,856
Other undisclosed net loss available to common stockholders, basic(1,585,075)(1,449,510)(1,346,079)(1,423,352)(1,258,570)(1,245,187)
Net income (loss) available to common stockholders, diluted:(2,249,735)(2,205,780)(1,951,659)(2,035,024)57,715,498(396,331)

Comprehensive Income (USD)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net loss:(664,660)(756,270)(2,018,589)(1,249,955)(643,441)(1,168,205)
Comprehensive loss, net of tax, attributable to parent:(664,660)(756,270)(2,018,589)(1,249,955)(643,441)(1,168,205)

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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