Houston American Energy Corporation (HUSA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
801 TRAVIS STREET, SUITE 1425 HOUSTON, TX 77002 |
| 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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,059 | 4,547 | 4,895 | 1,243 | 98 | 756 | |||
| Cash and cash equivalents | 4,059 | 4,547 | 4,895 | 1,243 | 98 | 756 | |||
| Receivables | 72 | 165 | 215 | 96 | 80 | 136 | |||
| Other undisclosed current assets | 35 | 85 | 85 | 36 | 40 | 66 | |||
| Total current assets: | 4,166 | 4,796 | 5,195 | 1,374 | 218 | 958 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 145 | 212 | 273 | 194 | 281 | ✕ | |||
| Property, plant and equipment | 1,559 | 4,617 | 4,808 | 5,011 | 6,370 | 6,861 | |||
| Long-term investments and receivables | 4,505 | ||||||||
| Long-term investments | 4,505 | ||||||||
| Other noncurrent assets | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Other undisclosed noncurrent assets | 2,102 | 456 | 260 | 197 | |||||
| Total noncurrent assets: | 6,213 | 6,935 | 5,539 | 5,468 | 6,851 | 6,865 | |||
| TOTAL ASSETS: | 10,379 | 11,731 | 10,734 | 6,842 | 7,069 | 7,823 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 174 | 130 | 85 | 121 | 271 | 63 | |||
| Accounts payable | 157 | 114 | 70 | 120 | 270 | 62 | |||
| Accrued liabilities | 17 | 16 | 15 | 1 | 0 | 1 | |||
| Debt | 98 | ||||||||
| Due to related parties | ✕ | ✕ | 598 | ||||||
| Other undisclosed current liabilities | 75 | 65 | 57 | 111 | |||||
| Total current liabilities: | 249 | 195 | 142 | 232 | 966 | 63 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 212 | 108 | 219 | ||||||
| Liabilities, other than long-term debt | 134 | 219 | 68 | 64 | 44 | 83 | |||
| Deferred rent credit | 44 | ||||||||
| Asset retirement obligations | 63 | 73 | 68 | 64 | 44 | 39 | |||
| Operating lease, liability | 71 | 146 | 212 | 108 | 219 | ✕ | |||
| Total noncurrent liabilities: | 134 | 219 | 280 | 172 | 264 | 83 | |||
| Total liabilities: | 383 | 414 | 422 | 403 | 1,230 | 145 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,996 | 11,317 | 10,312 | 6,439 | 5,839 | 7,677 | |||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | (59) | ||||||||
| Common stock | 11 | 10 | 10 | 7 | 66 | 62 | |||
| Additional paid in capital | 86,984 | 85,094 | 83,345 | 78,454 | 73,817 | 73,084 | |||
| Accumulated deficit | (76,999) | (73,788) | (73,043) | (72,022) | (67,985) | (65,469) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | ||||||
| Total equity: | 9,996 | 11,317 | 10,312 | 6,439 | 5,839 | 7,677 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,379 | 11,731 | 10,734 | 6,842 | 7,069 | 7,823 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 794 | 1,639 | 1,330 | 552 | 998 | 2,357 | ||
| Gross profit: | 794 | 1,639 | 1,330 | 552 | 998 | 2,357 | ||
| Operating expenses | (5,375) | (2,417) | (2,364) | (4,735) | (3,332) | (2,695) | ||
| Operating loss: | (4,581) | (778) | (1,034) | (4,183) | (2,334) | (338) | ||
| Nonoperating income (expense) | 1,370 | 34 | 13 | 146 | (182) | 87 | ||
| Investment income, nonoperating | 149 | 34 | 13 | 13 | 2 | 0 | ||
| Other nonoperating income | 1,221 | 165 | 87 | |||||
| Interest and debt expense | (0) | (32) | (184) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (3,211) | (744) | (1,022) | (4,069) | (2,700) | (251) | ||
| Other undisclosed income from continuing operations before income taxes | 1,489 | 0 | 32 | 184 | ||||
| Income (loss) from continuing operations: | (3,211) | 744 | (1,022) | (4,037) | (2,516) | (251) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,022) | (4,037) | (2,516) | (251) | |
| Net income (loss): | (3,211) | 744 | (1,022) | (4,037) | (2,516) | (251) | ||
| Other undisclosed net loss attributable to parent | (1,489) | |||||||
| Net loss attributable to parent: | (3,211) | (744) | (1,022) | (4,037) | (2,516) | (251) | ||
| Other undisclosed net loss available to common stockholders, basic | (37) | (232) | (230) | (239) | ||||
| Net loss available to common stockholders, diluted: | (3,211) | (744) | (1,059) | (4,269) | (2,746) | (490) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,211) | 744 | (1,022) | (4,037) | (2,516) | (251) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,211) | 744 | (1,022) | (4,037) | (2,516) | (251) | ||
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.