Nitro Petroleum Inc (IGMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 260 -7250 EXPRESS WAY
OKLAHOMA CITY, OK 73132
State of Incorp.
Fiscal Year End January 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2014
Q3
7/31/2014
Q2
4/30/2014
Q1
1/31/2014
Q4
10/31/2013
Q3
7/31/2013
Q2
4/30/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3420191617550152
Cash and cash equivalents 3420191617550152
Receivables466526412470516303
Prepaid expense and other current assets3
Other current assets    36 
Total current assets:5005466031,0901,072457
Noncurrent Assets
Property, plant and equipment403738353737
Oil and gas property, full cost method2,2692,1402,1672,1211,9111,112
Total noncurrent assets:2,3092,1772,2052,1561,9481,149
TOTAL ASSETS:2,8092,7232,8073,2463,0201,606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities687779860837803570
Accounts payable366462508589474266
Accrued liabilities321317352248330303
Debt1277841296578
Due to related parties132100
Other undisclosed current liabilities      289
Total current liabilities:814860903867868937
Noncurrent Liabilities
Long-term debt and lease obligation  175 175175 
Long-term debt, excluding current maturities  175 175175 
Liabilities, other than long-term debt333231282645
Asset retirement obligations333231282645
Due to related parties      
Other undisclosed noncurrent liabilities   175   
Total noncurrent liabilities:3320720620320145
Total liabilities:8471,0671,1091,0701,069982
Equity
Equity, attributable to parent, including:1,9621,6561,6982,1761,951624
Common stock777775
Treasury stock, value(6)(6)(6)(6)(1)(1)
Additional paid in capital8,6168,6168,6148,5388,0597,058
Accumulated deficit(6,656)(6,962)(6,917)(6,365)(6,554)(6,536)
Other undisclosed equity, attributable to parent   0044098
Total equity:1,9621,6561,6982,1761,951624
TOTAL LIABILITIES AND EQUITY:2,8092,7232,8073,2463,0201,606

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

10/31/2014
Q3
7/31/2014
Q2
4/30/2014
Q1
1/31/2014
Q4
10/31/2013
Q3
7/31/2013
Q2
4/30/2013
Q1
Revenues565167113613416122
Revenue, net2011678933139122
Cost of revenue(497)(23)(95)(88)(124)(195)
Cost of goods and services sold(88)(18) (79)(104)(181)
Gross profit:6814419525292(72)
Operating expenses238(189)(1,122)(336)(310)(272)
Other undisclosed operating income   563   
Operating income (loss):306(45)(540)190(18)(344)
Interest and debt expense (4)(5)(4)(4) 
Income (loss) from continuing operations:306(49)(545)185(21)(344)
Income (loss) before gain (loss) on sale of properties:306(49)(545)185(21)(344)
Net income (loss):306(49)(545)185(21)(344)
Other undisclosed net income (loss) attributable to parent 4(8)44 
Net income (loss) available to common stockholders, diluted:306(45)(553)190(18)(344)

Comprehensive Income ($ in thousands)

10/31/2014
Q3
7/31/2014
Q2
4/30/2014
Q1
1/31/2014
Q4
10/31/2013
Q3
7/31/2013
Q2
4/30/2013
Q1
Net income (loss):306(49)(545)185(21)(344)
Comprehensive income (loss), net of tax, attributable to parent:306(49)(545)185(21)(344)

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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