Royale Energy, Inc. (ROYL) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1530 HILTON HEAD RD EL CAJON, CA 92019 |
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)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 1,651 | 220 | 255 | 1,031 | 1,854 | |||
Cash and cash equivalents | 1,651 | 220 | 255 | 1,031 | 1,854 | |||
Restricted cash and investments | 2,250 | 4,003 | 2,147 | 2,846 | 4,501 | |||
Receivables | 1,646 | 877 | 667 | 1,779 | 1,728 | |||
Prepaid expense | 115 | 276 | 239 | 2,680 | 175 | |||
Deferred costs | ||||||||
Asset, held-for-sale, not part of disposal group | 1,529 | |||||||
Other undisclosed current assets | 3,155 | 2,309 | 234 | 377 | ||||
Total current assets: | 8,815 | 7,685 | 5,071 | 8,712 | 8,258 | |||
Noncurrent Assets | ||||||||
Operating lease, right-of-use asset | 335 | 423 | 230 | 393 | ✕ | |||
Property, plant and equipment | 2,040 | 2,080 | 2,541 | 4,591 | 6,407 | |||
Long-term investments and receivables | 6,186 | 6,584 | ||||||
Long-term investments | 6,186 | 6,584 | ||||||
Other noncurrent assets | 590 | 599 | 584 | 709 | 510 | |||
Total noncurrent assets: | 2,965 | 3,102 | 3,354 | 11,878 | 13,501 | |||
TOTAL ASSETS: | 11,780 | 10,787 | 8,425 | 20,591 | 21,759 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities, including: | 5,529 | 5,160 | 4,161 | 6,031 | 4,896 | |||
Employee-related liabilities | ✕ | ✕ | 267 | 196 | 196 | 232 | ||
Accounts payable | 3,109 | 2,845 | 2,265 | 3,107 | 2,590 | |||
Accrued liabilities | 208 | 201 | 1,026 | 1,032 | 1,254 | |||
Other undisclosed accounts payable and accrued liabilities | 2,212 | 1,847 | 675 | 1,696 | 820 | |||
Deferred revenue | 8,130 | 7,825 | 3,128 | 5,233 | ✕ | |||
Debt | 12 | 125 | 143 | 218 | 391 | |||
Asset retirement obligation | 675 | 649 | 869 | |||||
Due to related parties | ✕ | 23 | 23 | 32 | 553 | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,213 | ||
Other liabilities | 23 | |||||||
Other undisclosed current liabilities | 891 | 902 | 791 | 623 | 2,931 | |||
Total current liabilities: | 15,260 | 14,684 | 9,115 | 12,137 | 14,983 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 7 | 337 | 53 | 231 | ||||
Finance lease, liability | 7 | 19 | 30 | 41 | ✕ | |||
Liabilities, other than long-term debt | 6,038 | 5,533 | 5,401 | 6,555 | 5,289 | |||
Accounts payable and accrued liabilities | 1,307 | 1,307 | 1,307 | 1,307 | 1,307 | |||
Asset retirement obligations | 2,867 | 2,611 | 2,478 | 3,632 | 2,366 | |||
Other liabilities | 1,616 | 1,616 | 1,616 | 1,616 | 1,616 | |||
Operating lease, liability | 248 | 318 | 23 | 190 | ✕ | |||
Total noncurrent liabilities: | 6,045 | 5,870 | 5,454 | 6,786 | 5,289 | |||
Total liabilities: | 21,305 | 20,554 | 14,569 | 18,924 | 20,273 | |||
Temporary equity, carrying amount | 22,803 | 22,216 | ||||||
Equity | ||||||||
Equity, attributable to parent, including: | (33,137) | (32,570) | (28,361) | 1,667 | 1,487 | |||
Preferred stock | 21,453 | 20,719 | ||||||
Common stock | 62 | 56 | 55 | 52 | ||||
Additional paid in capital | 54,448 | 54,059 | 53,883 | 53,550 | 53,023 | |||
Accumulated deficit | (87,646) | (86,685) | (82,299) | (73,388) | (72,305) | |||
Other undisclosed equity, attributable to parent | 49 | |||||||
Other undisclosed equity | 23,612 | |||||||
Total equity: | (9,525) | (32,570) | (28,361) | 1,667 | 1,487 | |||
TOTAL LIABILITIES AND EQUITY: | 11,780 | 10,787 | 8,425 | 20,591 | 21,759 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Revenues | 2,643 | 1,719 | 1,588 | 2,967 | 3,283 | ||
Cost of revenue | (4,757) | (2,772) | (2,717) | (3,991) | (4,921) | ||
Gross profit: | (2,115) | (1,053) | (1,130) | (1,023) | (1,638) | ||
Operating expenses | (341) | (2,549) | (3,245) | (2,732) | (4,125) | ||
Other undisclosed operating income (loss) | 1,726 | (64) | 1,700 | 2,910 | 2,559 | ||
Operating loss: | (729) | (3,666) | (2,674) | (845) | (3,204) | ||
Nonoperating income (Investment Income, Nonoperating) | 164 | ||||||
Interest and debt expense | 420 | 3 | 153 | 877 | 110 | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 65 | (5,627) | (380) | (20,410) | |||
Income (loss) from continuing operations before equity method investments, income taxes: | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
Loss from equity method investments | (6,186) | ||||||
Income (loss) from continuing operations: | (146) | (3,598) | (14,334) | (348) | (23,504) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (3,598) | (14,334) | (348) | (23,504) | |
Other undisclosed net income | 6,186 | ||||||
Net income (loss): | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
Net loss attributable to noncontrolling interest | (6,186) | ||||||
Other undisclosed net income attributable to parent | 6,186 | ||||||
Net income (loss) attributable to parent: | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
Preferred stock dividends and other adjustments | (816) | (788) | (763) | (735) | (595) | ||
Net loss available to common stockholders, diluted: | (961) | (4,386) | (8,911) | (1,083) | (24,099) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net income (loss): | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (146) | (3,598) | (8,148) | (348) | (23,504) |
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.