New Western Energy Corp (NWTR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1140 SPECTRUM IRVINE, CA 92618 |
| State of Incorp. | NV |
| 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)
| 9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 11 | 1,523 | 5 | |||
| Cash and cash equivalents | 11 | 1,523 | 5 | |||
| Receivables | 1,198 | 835 | 13 | |||
| Inventory, net of allowances, customer advances and progress billings | 23 | ✕ | ✕ | |||
| Inventory | 23 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 30 | ||
| Other undisclosed current assets | (1,022) | (691) | ||||
| Total current assets: | 211 | 1,667 | 48 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 211 | 202 | 98 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 865 | |||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 249 | 1,459 | ||||
| Other noncurrent assets | 2 | 2 | ✕ | |||
| Other undisclosed noncurrent assets | 26 | 280 | 105 | |||
| Total noncurrent assets: | 487 | 1,943 | 1,068 | |||
| TOTAL ASSETS: | 698 | 3,609 | 1,116 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 354 | 138 | 54 | |||
| Interest and dividends payable | 143 | |||||
| Accounts payable | 71 | 68 | 25 | |||
| Accrued liabilities | 140 | 70 | 29 | |||
| Debt | 1,173 | 44 | 378 | |||
| Asset retirement obligation | 4 | |||||
| Due to related parties | 0 | |||||
| Other undisclosed current liabilities | 287 | 1,702 | 43 | |||
| Total current liabilities: | 1,818 | 1,884 | 474 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 791 | |||||
| Long-term debt, excluding current maturities | 791 | |||||
| Other undisclosed noncurrent liabilities | 4 | 130 | 23 | |||
| Total noncurrent liabilities: | 4 | 922 | 23 | |||
| Total liabilities: | 1,822 | 2,806 | 497 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (1,124) | 803 | 620 | |||
| Preferred stock | 0 | |||||
| Common stock | 8 | 7 | 7 | |||
| Additional paid in capital | 7,130 | 5,752 | 3,376 | |||
| Accumulated deficit | (8,526) | (5,468) | (2,763) | |||
| Warrants and rights outstanding | 291 | 912 | ||||
| Other undisclosed equity, attributable to parent | (27) | (400) | ||||
| Equity, attributable to noncontrolling interest | 264 | 512 | ||||
| Other undisclosed equity | (528) | (1,024) | ||||
| Total equity: | (1,388) | 292 | 620 | |||
| Other undisclosed liabilities and equity | 264 | 512 | ||||
| TOTAL LIABILITIES AND EQUITY: | 698 | 3,609 | 1,116 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 349 | 115 | 107 | ||
| Revenue, net | 115 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (1,276) | (402) | (117) | ||
| Gross profit: | (927) | (287) | (10) | ||
| Operating expenses | (3,359) | (1,787) | (1,441) | ||
| Other operating income (expense), net (Other Expenses) | 266 | (1,171) | 12 | ||
| Other undisclosed operating income | 2,786 | ||||
| Operating income (loss): | (4,021) | (3,245) | 1,347 | ||
| Nonoperating income (expense) (gain on Sale of Capital Leases, Net) | 78 | ||||
| Interest and debt expense | 1,405 | 441 | (12) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,616) | (2,726) | 1,335 | ||
| Other undisclosed loss from continuing operations before income taxes | (117) | ||||
| Income (loss) from continuing operations before income taxes: | (2,616) | (2,844) | 1,335 | ||
| Income tax expense | (2) | (1) | (1) | ||
| Income (loss) from continuing operations: | (2,618) | (2,844) | 1,334 | ||
| Income (loss) before gain (loss) on sale of properties: | (2,618) | (2,844) | 1,334 | ||
| Other undisclosed net income (loss) | 139 | (2,681) | |||
| Net loss: | (2,618) | (2,705) | (1,347) | ||
| Net income (loss) attributable to noncontrolling interest | 248 | (650) | |||
| Other undisclosed net loss attributable to parent | (908) | ||||
| Net loss attributable to parent: | (3,278) | (3,355) | (1,347) | ||
| Other undisclosed net loss available to common stockholders, basic | (27) | ||||
| Net loss available to common stockholders, basic: | (3,306) | (3,355) | (1,347) | ||
| Other undisclosed net income available to common stockholders, diluted | 248 | ||||
| Net loss available to common stockholders, diluted: | (3,058) | (3,355) | (1,347) | ||
Comprehensive Income ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (2,618) | (2,705) | (1,347) | ||
| Comprehensive loss: | (2,618) | (2,705) | (1,347) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 248 | 650 | |||
| Comprehensive loss, net of tax, attributable to parent: | (2,370) | (2,055) | (1,347) | ||
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.