Sky Petroleum Inc (SKPI) Financial Statements (2024 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) (USD)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277,99546,058
Cash and cash equivalents277,99546,058
Restricted cash and investments  1,500,000
Prepaid expense and other current assets172,412
Total current assets:277,9951,718,470
Noncurrent Assets
Property, plant and equipment13,57523,775
Oil and gas, full cost method, property and equipment, after accumulated depletion  10,205,220
Other undisclosed noncurrent assets11,92914,768
Total noncurrent assets:25,50410,243,763
TOTAL ASSETS:303,49911,962,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,004,7121,114,139
Accrued liabilities11,704 
Other undisclosed accounts payable and accrued liabilities1,993,0081,114,139
Debt  
Due to related parties  
Other undisclosed current liabilities400,04872,878
Total current liabilities:2,404,7601,187,017
Noncurrent Liabilities
Long-term debt and lease obligation  
Long-term debt, excluding current maturities  
Total noncurrent liabilities:  
Total liabilities:2,404,7601,187,017
Commitments and contingencies  
Equity
Equity, attributable to parent, including:(2,101,261)10,775,216
Common stock68,13468,119
Additional paid in capital43,316,05543,274,539
Accumulated deficit(53,305,450)(40,387,442)
Receivable from shareholders or affiliates for issuance of capital stock  
Other undisclosed equity, attributable to parent7,820,0007,820,000
Total equity:(2,101,261)10,775,216
Other undisclosed liabilities and equity  
TOTAL LIABILITIES AND EQUITY:303,49911,962,233

Income Statement (P&L) (USD)

12/31/2014
12/31/2013
12/31/2012
Cost of goods and services sold (228,388)(316,569)
Gross profit: (1,006,051)(1,217,712)
Operating expenses(11,900,387)(744,141)
Other undisclosed operating income  
Operating income (loss):(12,906,438)(1,961,853)
Nonoperating income
(Investment Income, Nonoperating)
  15,403
Income (loss) from continuing operations:(12,906,438)(1,946,450)
Income (loss) before gain (loss) on sale of properties:(12,906,438)(1,946,450)
Net income (loss):(12,906,438)(1,946,450)
Other undisclosed net loss attributable to parent(11,570) 
Net income (loss) available to common stockholders, diluted:(12,918,008)(1,946,450)

Comprehensive Income (USD)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(12,906,438)(1,946,450)
Comprehensive income (loss), net of tax, attributable to parent:(12,906,438)(1,946,450)

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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