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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5474,8951,24398756392
Cash and cash equivalents4,5474,8951,24398756392
Receivables1652159680136348
Other undisclosed current assets85853640664
Total current assets:4,7965,1951,374218958743
Noncurrent Assets
Operating lease, right-of-use asset212273194281
Property, plant and equipment4,6174,8085,0116,3706,8616,814
Long-term investments and receivables      
Long-term investments      
Other noncurrent assets333333
Other undisclosed noncurrent assets 2,102456260197  
Total noncurrent assets:6,9355,5395,4686,8516,8656,817
TOTAL ASSETS:11,73110,7346,8427,0697,8237,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1308512127163152
Accounts payable1147012027062127
Accrued liabilities161510125
Debt    98  
Due to related parties   598  
Other undisclosed current liabilities6557111   
Total current liabilities:19514223296663152
Noncurrent Liabilities
Long-term debt and lease obligation:  212108219  
Liabilities, other than long-term debt2196864448385
Deferred revenue and credits49
Deferred rent credit     44
Asset retirement obligations736864443936
Operating lease, liability146212108219
Total noncurrent liabilities:2192801722648385
Total liabilities:4144224031,230145237
Equity
Equity, attributable to parent, including:11,31710,3126,4395,8397,6777,324
Preferred stock      0
Preferred stock, shares subscribed but unissued, subscriptions receivable    (59)  
Common stock10107666259
Additional paid in capital85,09483,34578,45473,81773,08472,482
Accumulated deficit(73,788)(73,043)(72,022)(67,985)(65,469)(65,218)
Other undisclosed equity, attributable to parent   000 
Total equity:11,31710,3126,4395,8397,6777,324
TOTAL LIABILITIES AND EQUITY:11,73110,7346,8427,0697,8237,560

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,6391,3305529982,357630
Revenue, net630
Cost of revenue
(Cost of Goods and Services Sold)
      (216)
Gross profit:1,6391,3305529982,357414
Operating expenses(2,417)(2,364)(4,735)(3,332)(2,695)(2,507)
Other undisclosed operating income      216
Operating loss:(778)(1,034)(4,183)(2,334)(338)(1,876)
Nonoperating income (expense)3413146(182)87(161)
Investment income, nonoperating341313200
Other nonoperating income  165 8710
Interest and debt expense  (0)(32)(184) (172)
Loss from continuing operations before equity method investments, income taxes:(744)(1,022)(4,069)(2,700)(251)(2,209)
Other undisclosed income from continuing operations before income taxes1,489032184 172
Income (loss) from continuing operations:744(1,022)(4,037)(2,516)(251)(2,038)
Loss before gain (loss) on sale of properties:(1,022)(4,037)(2,516)(251)(2,038)
Net income (loss):744(1,022)(4,037)(2,516)(251)(2,038)
Other undisclosed net loss attributable to parent(1,489)     
Net loss attributable to parent:(744)(1,022)(4,037)(2,516)(251)(2,038)
Other undisclosed net loss available to common stockholders, basic  (37)(232)(230)(239) 
Net loss available to common stockholders, diluted:(744)(1,059)(4,269)(2,746)(490)(2,038)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):744(1,022)(4,037)(2,516)(251)(2,038)
Comprehensive income (loss), net of tax, attributable to parent:744(1,022)(4,037)(2,516)(251)(2,038)

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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