Gulfslope Energy Inc (GSPE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1331 LAMAR ST., SUITE 1665
HOUSTON, TX 77010
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2023
MRQ
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63,638135,3811,517,5223,190,4181,138,9195,621,814
Cash and cash equivalents63,638135,3811,517,5223,190,4181,138,9195,621,814
Receivables  12,925 366,1738,493,3086,286,796
Other undisclosed current assets31,72633,00454,39884,129137,17332,042
Total current assets:95,364181,3101,571,9203,640,7209,769,40011,940,652
Noncurrent Assets
Operating lease, right-of-use asset    54,768 
Property, plant and equipment6678481,8456,34713,01414,786
Other noncurrent assets     3,662,23124,785
Other undisclosed noncurrent assets5,306,4155,288,91512,124,72012,372,85317,338,9788,112,784
Total noncurrent assets:5,307,0825,289,76312,126,56512,433,96821,014,2238,152,355
TOTAL ASSETS:5,402,4465,471,07313,698,48516,074,68830,783,62320,093,007
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities374,737411,431168,6722,844,90015,029,5999,323,475
Interest and dividends payable138,020115,8602,616,008  
Accounts payable229,968135,39152,812228,89212,747,3827,591,236
Accrued liabilities144,769138,020  2,282,2171,732,239
Debt8,976,7589,179,5009,078,8269,307,94010,190,4669,219,500
Derivative instruments and hedges, liabilities1,018,523959,2221,201,6561,070,5513,534,456271,710
Due to related parties 404,469404,469404,469417,984365,904306,386
Other liabilities     42,74644,723
Other undisclosed current liabilities3,512,3433,036,4692,785,027330,9371,949,3605,313,448
Total current liabilities:14,286,83013,991,09113,638,65013,972,31231,112,53124,479,242
Noncurrent Liabilities
Total liabilities:14,286,83013,991,09113,638,65013,972,31231,112,53124,479,242
Equity
Equity, attributable to parent, including:(8,884,384)(8,520,018)59,8342,102,376(328,908)(4,386,235)
Common stock1,268,2401,268,2401,268,2401,250,7401,092,266832,013
Additional paid in capital59,116,48759,116,48758,999,58558,728,30854,160,83636,640,009
Accumulated deficit(69,269,111)(68,904,745)(60,207,991)(57,981,672)(55,582,010)(41,858,257)
Other undisclosed equity, attributable to parent    105,000  
Other undisclosed equity   1   
Total equity:(8,884,384)(8,520,018)59,8352,102,376(328,908)(4,386,235)
TOTAL LIABILITIES AND EQUITY:5,402,4465,471,07313,698,48516,074,68830,783,62320,093,007

Income Statement (P&L) (USD)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Operating expenses1,822,413(1,463,538)(1,505,270)(1,098,233)(7,473,246)(1,220,247)
Other undisclosed operating loss(9,986,920)(6,893,226)(396,273)(2,424,885)  
Operating loss:(8,164,507)(8,356,764)(1,901,543)(3,523,118)(7,473,246)(1,220,247)
Nonoperating income (expense)
(Investment Income, Nonoperating)
183,499242,434(176,281)2,659,122677,322(136,827)
Interest and debt expense(590,228)(597,424)(148,495)(1,552,096)(5,099,340)(1,306,972)
Loss from continuing operations before equity method investments, income taxes:(8,571,236)(8,711,754)(2,226,319)(2,416,092)(11,895,264)(2,664,046)
Other undisclosed income (loss) from continuing operations before income taxes15,00015,000  (1,828,489)27,312
Loss from continuing operations:(8,556,236)(8,696,754)(2,226,319)(2,416,092)(13,723,753)(2,636,734)
Loss before gain (loss) on sale of properties:(8,191,870)(8,696,754)(2,226,319)(2,416,092)(13,723,753)(2,636,734)
Net loss available to common stockholders, diluted:(8,556,236)(8,696,754)(2,226,319)(2,416,092)(13,723,753)(2,636,734)

Comprehensive Income (USD)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net loss:(8,556,236)(8,696,754)(2,226,319)(2,416,092)(13,723,753)(2,636,734)
Comprehensive loss, net of tax, attributable to parent:(8,556,236)(8,696,754)(2,226,319)(2,416,092)(13,723,753)(2,636,734)

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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