Petron Energy II Inc (PEII) Financial Statements (2024 and earlier)

Company Profile

Business Address 17950 PRESTON ROAD
DALLAS, TX 75252
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)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 00920
Cash and cash equivalents 00920
Other undisclosed current assets25524493823
Total current assets:25524584024
Noncurrent Assets
Property, plant and equipment513576610   
Oil and gas property, full cost method2,1751,7881,804   
Other noncurrent assets6     
Prepaid expense and other noncurrent assets22323232
Other undisclosed noncurrent assets6646816983,1902,2392,190
Total noncurrent assets:3,3583,0453,1123,2222,2702,221
TOTAL ASSETS:3,3833,0513,1373,2792,3112,245
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9531,2521,2831,383884635
Accounts payable5691,2521,2831,383884635
Accrued liabilities384     
Debt1,8721,4811,691821671542
Derivative instruments and hedges, liabilities   960   
Asset retirement obligation   220   
Other undisclosed current liabilities1,6511,72924570664157
Total current liabilities:4,4764,4624,1782,7742,2181,334
Noncurrent Liabilities
Other undisclosed noncurrent liabilities9227551,1672,0232,7442,145
Total noncurrent liabilities:9227551,1672,0232,7442,145
Total liabilities:5,3995,2175,3444,7974,9623,479
Equity
Equity, attributable to parent, including:(2,015)(2,167)(2,208)(1,517)(2,651)(1,234)
Preferred stock  00002
Common stock0162441646035
Additional paid in capital28,67724,04121,87020,31418,81518,934
Accumulated deficit(30,694)(26,371)(24,122)(21,997)(21,528)(20,205)
Other undisclosed equity, attributable to parent111120
Total equity:(2,015)(2,167)(2,208)(1,517)(2,651)(1,234)
TOTAL LIABILITIES AND EQUITY:3,3833,0513,1373,2792,3112,245

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues3378(193)7621107
Revenue, net3378(193)7621103
Cost of revenue(149)(173)(159)(134)(239)(103)
Gross profit:(116)(94)(352)(57)(218)4
Operating expenses(4,355)(2,327)(2,198)(545)(1,344)(490)
Operating loss:(4,471)(2,422)(2,550)(603)(1,562)(487)
Interest and debt expense(177)(141)(128)(122)(90)(55)
Loss from continuing operations:(4,649)(2,563)(2,677)(725)(1,652)(541)
Loss before gain (loss) on sale of properties:(4,649)(2,563)(2,677)(725)(1,652)(541)
Net loss:(4,649)(2,563)(2,677)(725)(1,652)(541)
Other undisclosed net income attributable to parent326314552256329158
Net loss available to common stockholders, diluted:(4,322)(2,249)(2,126)(469)(1,323)(384)

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net loss:(4,649)(2,563)(2,677)(725)(1,652)(541)
Comprehensive loss, net of tax, attributable to parent:(4,649)(2,563)(2,677)(725)(1,652)(541)

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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