Osage Exploration & Development Inc (OSGE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2445 FIFTH AVE #310 SAN DIEGO, CA 92101 |
| 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)
| 6/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 5,055 | 2,783 | 486 | |||
| Cash and cash equivalents | 5,055 | 2,783 | 486 | |||
| Receivables | 3,596 | 2,769 | 486 | |||
| Prepaid expense | 597 | ✕ | ||||
| Deferred costs | 1,010 | 1,829 | 2,924 | |||
| Derivative instruments and hedges, assets | 1,117 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 83 | ||
| Other undisclosed current assets | 120 | |||||
| Total current assets: | 10,897 | 7,978 | 3,980 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 23,106 | 24,742 | 10,589 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 62,116 | 25,031 | ||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 21,014 | |||||
| Long-term investments and receivables | 6 | |||||
| Accounts and financing receivable, after allowance for credit loss | 6 | |||||
| Restricted cash and investments | 896 | |||||
| Other undisclosed noncurrent assets | (83,130) | (24,123) | 157 | |||
| Total noncurrent assets: | 24,002 | 25,651 | 10,752 | |||
| TOTAL ASSETS: | 34,900 | 33,629 | 14,732 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 17,989 | 674 | 1,624 | |||
| Taxes payable | 56 | 58 | ||||
| Accounts payable | 16,949 | 556 | 237 | |||
| Accrued liabilities | 1,040 | 61 | 1,329 | |||
| Debt | 25,046 | 20,000 | 3,000 | |||
| Derivative instruments and hedges, liabilities | 266 | |||||
| Other undisclosed current liabilities | 4,075 | |||||
| Total current liabilities: | 47,110 | 20,940 | 4,624 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 50 | |||||
| Capital lease obligations | 50 | |||||
| Liabilities, other than long-term debt | 6 | 95 | 0 | |||
| Asset retirement obligations | 6 | 4 | 0 | |||
| Derivative instruments and hedges, liabilities | 92 | |||||
| Other undisclosed noncurrent liabilities | 2,229 | |||||
| Total noncurrent liabilities: | 56 | 95 | 2,229 | |||
| Total liabilities: | 47,167 | 21,035 | 6,853 | |||
| Equity | ||||||
| Equity, attributable to parent | (12,267) | 12,594 | 7,879 | |||
| Common stock | 6 | 5 | 5 | |||
| Additional paid in capital | 26,552 | 16,903 | 16,371 | |||
| Accumulated other comprehensive loss | (327) | |||||
| Accumulated deficit | (38,729) | (4,219) | (8,075) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | (95) | (95) | (95) | |||
| Total equity: | (12,267) | 12,594 | 7,879 | |||
| TOTAL LIABILITIES AND EQUITY: | 34,900 | 33,629 | 14,732 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 12,679 | 8,029 | 6,120 | ||
| Revenue, net | 12,679 | 8,029 | 4,310 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,935) | (1,548) | (1,813) | ||
| Other undisclosed gross profit | (1,122) | ||||
| Gross profit: | 10,743 | 6,481 | 3,185 | ||
| Operating expenses | (49,443) | (6,482) | (5,251) | ||
| Other undisclosed operating income | 7,395 | 1,548 | 2,935 | ||
| Operating income (loss): | (31,305) | 1,547 | 870 | ||
| Nonoperating income (Investment Income, Nonoperating) | 9 | 2 | 26 | ||
| Interest and debt expense | (4,469) | (4,566) | (1,390) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (22) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (35,764) | (3,017) | (517) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,254 | (496) | |||
| Loss from continuing operations before income taxes: | (34,510) | (3,513) | (517) | ||
| Income tax expense (benefit) | 10,855 | (2) | (198) | ||
| Other undisclosed loss from continuing operations | (10,855) | ||||
| Loss from continuing operations: | (34,510) | (3,515) | (714) | ||
| Income (loss) before gain (loss) on sale of properties: | (34,510) | 3,855 | (714) | ||
| Income from discontinued operations | 7,370 | ||||
| Net income (loss): | (34,510) | 3,855 | (714) | ||
| Other undisclosed net income attributable to parent | 198 | ||||
| Net income (loss) available to common stockholders, basic: | (34,510) | 3,855 | (517) | ||
| Dilutive securities, effect on basic earnings per share | 1,663 | ||||
| Net income (loss) available to common stockholders, diluted: | (34,510) | 5,518 | (517) | ||
Comprehensive Income ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (34,510) | 3,855 | (714) | ||
| Comprehensive income (loss): | (34,510) | 3,855 | (714) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 24 | 176 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (34,510) | 3,879 | (538) | ||
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.