Red Mountain Resources Inc (RDMP) Financial Statements (2024 and earlier)

Company Profile

Business Address 2515 MCKINNEY AVENUE
DALLAS, TX 75201
State of Incorp. TX
Fiscal Year End June 30
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments1,6821,112
Cash and cash equivalents1,6821,112
Deferred costs  230
Derivative instruments and hedges, assets37190
Other undisclosed current assets2,540719
Total current assets:7,4458,377
Noncurrent Assets
Property, plant and equipment1,1961,026
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment83,17075,132
Long-term investments and receivables4,8204,279
Long-term investments4,8204,279
Derivative instruments and hedges  75
Deposits noncurrent assets197465
Deferred costs1,101450
Other undisclosed noncurrent assets(703)(574)
Total noncurrent assets:89,78180,853
TOTAL ASSETS:97,22689,230
Current Liabilities
Accounts payable and accrued liabilities5,75010,491
Interest and dividends payable179 
Accounts payable3,5369,354
Accrued liabilities2,0351,137
Debt (3,808)
Derivative instruments and hedges, liabilities 12134
Accrued environmental loss contingencies2,0671,400
Asset retirement obligation 214228
Other undisclosed current liabilities1,6738,390
Total current liabilities:9,82516,735
Noncurrent Liabilities
Long-term debt and lease obligation31,60119,800
Long-term debt, excluding current maturities31,60119,800
Liabilities, other than long-term debt10,7415,738
Asset retirement obligations5,5314,751
Deferred tax liabilities, net 409299
Accrued environmental loss contingencies  688
Financial instruments subject to mandatory redemption, settlement terms, share value, amount4,801 
Other undisclosed noncurrent liabilities(4,801) 
Total noncurrent liabilities:37,54125,538
Total liabilities:47,36642,273
Equity, attributable to parent43,78441,354
Common stock11
Additional paid in capital78,10565,536
Accumulated deficit(34,322)(24,183)
Equity, attributable to noncontrolling interest6,0765,603
Total equity:49,86046,957

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:19,0917,109
Operating expenses(25,261)(15,745)
Other undisclosed operating income3,4071,873
Operating loss:(2,763)(6,763)
Nonoperating expense(6,188)(4,757)
Interest and debt expense(3,363)(2,989)
Loss from continuing operations before equity method investments, income taxes:(12,314)(14,509)
Loss from equity method investments  (332)
Other undisclosed income from continuing operations before income taxes3,3633,321
Loss from continuing operations before income taxes:(8,951)(11,520)
Income tax expense (benefit)(44) 
Loss from continuing operations:(8,995)(11,520)
Loss before gain (loss) on sale of properties:(8,995)(11,520)
Net loss:(8,995)(11,520)
Net income (loss) attributable to noncontrolling interest(513)(682)
Net loss available to common stockholders, diluted:(9,508)(12,202)

Comprehensive Income ($ in thousands)

Net loss:(8,995)(11,520)
Comprehensive loss:(8,995)(11,520)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(513)682
Comprehensive loss, net of tax, attributable to parent:(9,508)(10,838)

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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