Worthington Energy Inc (PXTE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
220 MONTGOMERY STREET #1094 SAN FRANCISCO, CA 94104 |
| 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) (USD)
| 9/30/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 166 | 8,065 | |||
| Cash and cash equivalents | 166 | 8,065 | |||
| Prepaid expense and other current assets | ✕ | ✕ | 36,431 | ||
| Total current assets: | 166 | 44,496 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 10,123 | 14,570 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 5,698,563 | ||||
| Regulated entity, other noncurrent assets | 370,000 | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 14,610 | ||
| Other undisclosed noncurrent assets | 14,610 | 6,954,550 | |||
| Total noncurrent assets: | 5,723,296 | 7,353,730 | |||
| TOTAL ASSETS: | 5,723,462 | 7,398,226 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 2,646,687 | 1,845,177 | |||
| Accounts payable | 863,702 | 412,327 | |||
| Accrued liabilities | 1,782,985 | 1,432,850 | |||
| Debt | 4,003,508 | 4,715,327 | |||
| Derivative instruments and hedges, liabilities | 7,908,415 | ||||
| Other liabilities | 241,046 | 1,489,623 | |||
| Due to related parties | 113,300 | ||||
| Other undisclosed current liabilities | 1,700 | ||||
| Total current liabilities: | 14,914,656 | 8,050,127 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 37,288 | 7,832,623 | |||
| Asset retirement obligations | 37,288 | 37,288 | |||
| Derivative instruments and hedges, liabilities | 7,795,335 | ||||
| Total noncurrent liabilities: | 37,288 | 7,832,623 | |||
| Total liabilities: | 14,951,944 | 15,882,750 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (9,228,482) | (8,484,524) | |||
| Common stock | 47,476 | 57,112 | |||
| Additional paid in capital | 26,235,670 | 23,848,735 | |||
| Other undisclosed equity, attributable to parent | (35,511,628) | (32,390,371) | |||
| Total equity: | (9,228,482) | (8,484,524) | |||
| TOTAL LIABILITIES AND EQUITY: | 5,723,462 | 7,398,226 | |||
Income Statement (P&L) (USD)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Gross profit: | (15,569) | |||
| Operating expenses | (3,212,035) | (5,516,390) | ||
| Other undisclosed operating income | 1,550,206 | 1,931,968 | ||
| Operating loss: | (1,661,829) | (3,599,991) | ||
| Nonoperating expense | (1,460,428) | (4,344,508) | ||
| Investment income, nonoperating | 971,995 | (4,344,508) | ||
| Interest and debt expense | (593,907) | (820,175) | ||
| Loss from continuing operations: | (3,716,164) | (8,764,674) | ||
| Loss before gain (loss) on sale of properties: | (3,716,164) | (8,764,674) | ||
| Net loss: | (3,716,164) | (8,764,674) | ||
| Other undisclosed net income (loss) attributable to parent | 593,907 | (4,490,421) | ||
| Net loss available to common stockholders, diluted: | (3,122,257) | (13,255,095) | ||
Comprehensive Income (USD)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (3,716,164) | (8,764,674) | ||
| Comprehensive loss, net of tax, attributable to parent: | (3,716,164) | (8,764,674) | ||
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.