Sky Petroleum Inc (SKPI) Financial Statements (2023 and earlier)

Company Profile

Business Address 401 CONGRESS AVENUE
AUSTIN, TX 78701
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1427846
Cash and cash equivalents1427846
Restricted cash and investments  1,500
Prepaid expense and other current assets172
Total current assets:142781,718
Noncurrent Assets
Property, plant and equipment81424
Oil and gas property, full cost method  10,205
Other undisclosed noncurrent assets121215
Total noncurrent assets:202610,244
TOTAL ASSETS:3330311,962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9802,0051,114
Accrued liabilities612 
Other undisclosed accounts payable and accrued liabilities9741,9931,114
Debt255  
Due to related parties520  
Other undisclosed current liabilities640073
Total current liabilities:1,7612,4051,187
Noncurrent Liabilities
Long-term debt and lease obligation31  
Long-term debt, excluding current maturities31  
Total noncurrent liabilities:31  
Total liabilities:1,7922,4051,187
Commitments and contingencies1,792  
Equity
Equity, attributable to parent, including:(1,759)(2,101)10,775
Common stock766868
Additional paid in capital43,74043,31643,275
Accumulated deficit(53,239)(53,305)(40,387)
Receivable from shareholders or affiliates for issuance of capital stock(156)  
Other undisclosed equity, attributable to parent7,8207,8207,820
Total equity:(1,759)(2,101)10,775
Other undisclosed liabilities and equity(1,792)  
TOTAL LIABILITIES AND EQUITY:3330311,962

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

12/31/2014
12/31/2013
12/31/2012
Cost of goods and services sold (228)(317)
Gross profit: (1,006)(1,218)
Operating expenses(639)(11,900)(744)
Other undisclosed operating income829  
Operating income (loss):135(12,906)(1,962)
Nonoperating income
(Investment Income, Nonoperating)
  15
Income (loss) from continuing operations:135(12,906)(1,946)
Income (loss) before gain (loss) on sale of properties:135(12,906)(1,946)
Net income (loss):135(12,906)(1,946)
Other undisclosed net loss attributable to parent(69)(12) 
Net income (loss) available to common stockholders, diluted:66(12,918)(1,946)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):135(12,906)(1,946)
Comprehensive income (loss), net of tax, attributable to parent:135(12,906)(1,946)

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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