Sino American Oil Co (OILY) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2123 PIONEER AVE CHEYENNE, WY 82001 |
| State of Incorp. | WY |
| Fiscal Year End | September 30 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 6/30/2023 MRQ | 9/30/2022 | 9/30/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 10 | ||||
| Cash and cash equivalent | 10 | ||||
| Receivables | |||||
| Total current assets: | 10 | ||||
| Noncurrent Assets | |||||
| Other undisclosed assets | |||||
| TOTAL ASSETS: | 10 | ||||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 330,317 | 181,053 | |||
| Interest and dividends payable | ✕ | ✕ | 2,095 | ||
| Accounts payable | 105,317 | 43,958 | |||
| Accrued liabilities | 225,000 | 135,000 | |||
| Debt | 199,492 | 167,644 | |||
| Deferred compensation liability | 20,000 | 20,000 | |||
| Due to related parties | 225,000 | 135,000 | |||
| Other undisclosed current liabilities | 100,746 | 31,592 | |||
| Total current liabilities: | 875,555 | 535,289 | |||
| Noncurrent Liabilities | |||||
| Other undisclosed liabilities | |||||
| Total liabilities: | 875,555 | 535,289 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (875,555) | (535,279) | |||
| Preferred stock | 493 | ||||
| Common stock | 13,466 | 11,394 | |||
| Additional paid in capital | 7,196,649 | 2,091,470 | |||
| Accumulated deficit | (3,105,670) | (2,658,636) | |||
| Other undisclosed equity, attributable to parent | (4,980,000) | 20,000 | |||
| Other undisclosed equity | |||||
| Total equity: | (875,555) | (535,279) | |||
| TOTAL LIABILITIES AND EQUITY: | 10 | ||||
Income Statement (P&L) (USD)
| 6/30/2023 TTM | 9/30/2022 | 9/30/2021 | ||
|---|---|---|---|---|
| Operating expenses | (443,912) | (736,644) | ||
| Operating loss: | (443,912) | (736,644) | ||
| Nonoperating income (expense) | (3,122) | 117,267 | ||
| Interest and debt expense | (3,122) | (2,095) | ||
| Loss from continuing operations before equity method investments, income taxes: | (450,156) | (621,472) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3,122 | |||
| Loss from continuing operations: | (447,034) | (621,472) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (621,472) | |
| Other undisclosed net income | 2,095 | |||
| Net loss: | (447,034) | (619,377) | ||
| Other undisclosed net loss attributable to parent | ||||
| Net loss available to common stockholders, diluted: | (447,034) | (619,377) | ||
Comprehensive Income (USD)
| 6/30/2023 TTM | 9/30/2022 | 9/30/2021 | ||
|---|---|---|---|---|
| Net loss: | (447,034) | (619,377) | ||
| Comprehensive loss, net of tax, attributable to parent: | (447,034) | (619,377) | ||
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.