New Western Energy Corp (NWTR) financial statements (2021 and earlier)

Company profile

Business Address 1140 SPECTRUM
IRVINE, CA 92618
State of Incorp. NV
Fiscal Year End December 31
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
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61201531129439597
Cash and cash equivalents61201531129439597
Receivables2901,3041,2831,198975997906
Inventory, net of allowances, customer advances and progress billings202020233574 
Inventory202020233574 
Other undisclosed current assets(243)(1,237)(1,167)(1,022)(713)(832)(727)
Total current assets:128287189211326678776
Noncurrent Assets
Property, plant and equipment434649211216214193
Oil and gas property, full cost method4742592672491,0141,4881,491
Other noncurrent assets222222222
Other undisclosed noncurrent assets  182633213214
Total noncurrent assets:5383273364871,2661,9161,900
TOTAL ASSETS:6676145256981,5922,5942,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361514418354253204177
Accounts payable66645871698080
Accrued liabilities2802291811408012597
Interest and dividends payable16221179143104  
Debt2801,2781,2461,173172  
Asset retirement obligation7654   
Due to related parties0030   
Other undisclosed current liabilities6543713522874851,6171,684
Total current liabilities:1,3022,1692,0241,8189091,8211,861
Noncurrent Liabilities
Long-term debt and lease obligation2   921926858
Long-term debt, excluding current maturities2   921926858
Liabilities, other than long-term debt123   1,5001,574 
Due to related parties    1,5001,574 
Derivative instruments and hedges, liabilities123      
Other undisclosed noncurrent liabilities(120)654(1,500)(1,574)380
Total noncurrent liabilities:56549219261,238
Other undisclosed liabilities3      
Total liabilities:1,3102,1752,0281,8221,8292,7473,100
Stockholders' equity
Stockholders' equity attributable to parent, including:(644)(1,561)(1,503)(1,124)(238)(153)(423)
Preferred stock000000 
Common stock8888777
Additional paid in capital9,7817,7387,3927,1306,8736,6775,921
Accumulated deficit(10,925)(9,510)(9,110)(8,526)(7,419)(7,219)(6,775)
Other additional capital123      
Warrants and rights outstanding177148357291441609853
Other undisclosed stockholders' equity attributable to parent19356(150)(27)(140)(227)(430)
Stockholders' equity attributable to noncontrolling interest493203207264301382423
Other undisclosed stockholders' equity(986)(407)(414)(528)(602)(765)(846)
Total stockholders' equity:(1,137)(1,764)(1,710)(1,388)(538)(535)(847)
Other undisclosed liabilities and equity493203207264301382423
TOTAL LIABILITIES AND EQUITY:6676145256981,5922,5942,676

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Revenues1815453513211171
Other income  10
Cost of revenue
(Cost of Goods and Services Sold)
(51)(39)(88)12(638)(115)(508)
Gross profit:(32)(25)(44)47(507)(4)(437)
Operating expenses(277)(420)(527)(1,183)(669)(522)(986)
Other operating income (expense), net
(Other Expenses)
(1,159)(5)142(20)(268)72(481)
Operating loss:(1,468)(449)(428)(1,156)(1,444)(453)(1,903)
Interest and debt expense(168)(214)115116(91)667713
Income (loss) from continuing operations before equity method investments, income taxes:(1,636)(663)(313)(1,040)(1,535)214(1,191)
Other undisclosed loss from continuing operations before income taxes     (699)(205)
Loss from continuing operations before income taxes:(1,636)(663)(313)(1,040)(1,535)(486)(1,395)
Income tax expense(2)  (1)   
Net loss:(1,638)(663)(313)(1,041)(1,535)(486)(1,395)
Net income (loss) attributable to noncontrolling interest2931573782(41) 
Other undisclosed net income (loss) attributable to parent190222(368)(126)1,18343 
Net loss attributable to parent:(1,419)(410)(624)(1,130)(270)(483)(1,395)
Other undisclosed net loss available to common stockholders, basic(24)(21)(17)(14)(11)  
Net loss available to common stockholders, basic:(1,444)(430)(641)(1,144)(281)(483)(1,395)
Other undisclosed net income available to common stockholders, diluted2931573782  
Net loss available to common stockholders, diluted:(1,415)(400)(584)(1,107)(200)(483)(1,395)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net loss:(1,638)(663)(313)(1,041)(1,535)(486)(1,395)
Comprehensive loss:(1,638)(663)(313)(1,041)(1,535)(486)(1,395)
Comprehensive income, net of tax, attributable to noncontrolling interest2931573782  
Comprehensive loss, net of tax, attributable to parent:(1,609)(632)(256)(1,004)(1,453)(486)(1,395)

Statements sources

The financial statements are based on the company's filings with the 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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