Sky Petroleum Inc (SKPI) Financial Statements (2025 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 investments | 277,995 | 46,058 | |||
| Cash and cash equivalent | 277,995 | 46,058 | |||
| Restricted cash and investments | 1,500,000 | ||||
| Prepaid expense and other current assets | ✕ | ✕ | 172,412 | ||
| Total current assets: | 277,995 | 1,718,470 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 13,575 | 23,775 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 10,205,220 | ||||
| Other undisclosed noncurrent assets | 11,929 | 14,768 | |||
| Total noncurrent assets: | 25,504 | 10,243,763 | |||
| TOTAL ASSETS: | 303,499 | 11,962,233 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 2,004,712 | 1,114,139 | |||
| Accrued liabilities | 11,704 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,993,008 | 1,114,139 | |||
| Debt | |||||
| Due to related parties | |||||
| Other undisclosed current liabilities | 400,048 | 72,878 | |||
| Total current liabilities: | 2,404,760 | 1,187,017 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | |||||
| Long-term debt, excluding current maturities | |||||
| Total noncurrent liabilities: | |||||
| Total liabilities: | 2,404,760 | 1,187,017 | |||
| Commitments and contingencies | |||||
| Equity | |||||
| Equity, attributable to parent, including: | (2,101,261) | 10,775,216 | |||
| Common stock | 68,134 | 68,119 | |||
| Additional paid in capital | 43,316,055 | 43,274,539 | |||
| Accumulated deficit | (53,305,450) | (40,387,442) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | |||||
| Other undisclosed equity, attributable to parent | 7,820,000 | 7,820,000 | |||
| Total equity: | (2,101,261) | 10,775,216 | |||
| Other undisclosed liabilities and equity | |||||
| TOTAL LIABILITIES AND EQUITY: | 303,499 | 11,962,233 | |||
Income Statement (P&L) (USD)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Cost of product and service 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.