Texas South Energy, Inc. (TXSO) Financial Statements (2024 and earlier)

Company Profile

Business Address 3 RIVERWAY
HOUSTON, TX 77056
State of Incorp. NV
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)

3/31/2019
MRQ
12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,50205032371,034
Cash and cash equivalents 1,5020503284
Short-term investments    235950
Receivables 1,267347  
Prepaid expense 3330214 
Other undisclosed current assets     8,200
Total current assets: 2,802335712419,234
Noncurrent Assets
Property, plant and equipment 14,12311,812   
Oil and gas, full cost method, property and equipment, after accumulated depletion   10,20610,376370
Other noncurrent assets 88   
Total noncurrent assets: 14,13111,82010,20610,376370
TOTAL ASSETS: 16,93311,85410,77710,6179,604
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4,7741,067419197124
Employee-related liabilities  830   
Accounts payable 4,740160205 
Accrued liabilities 347739919228
Other undisclosed accounts payable and accrued liabilities     97
Debt 10101,7001,100964
Due to related parties  10527052
Other undisclosed current liabilities 2,1056351647528
Total current liabilities: 6,8891,7212,1871,8431,168
Noncurrent Liabilities
Long-term debt and lease obligation  1,118 700 
Long-term debt, excluding current maturities  1,118 700 
Liabilities, other than long-term debt 40654   
Accounts payable and accrued liabilities  404   
Asset retirement obligations 40    
Due to related parties  250   
Other undisclosed noncurrent liabilities 2,099970   
Total noncurrent liabilities: 2,1392,742 700 
Total liabilities: 9,0284,4632,1872,5431,168
Equity
Equity, attributable to parent, including: 7,9057,3908,5908,0758,437
Common stock 998822542362362
Additional paid in capital 22,89419,44516,65013,23313,232
Accumulated other comprehensive income (loss)    (33)682
Accumulated deficit (15,988)(12,877)(8,603)(6,785) 
Other undisclosed equity, attributable to parent    1,297(5,839)
Total equity: 7,9057,3908,5908,0758,437
TOTAL LIABILITIES AND EQUITY: 16,93311,85410,77710,6179,604

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

3/31/2019
TTM
12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues   7  
Financial services revenue (218)  
Gross profit:   7  
Operating expenses (2,970)(3,676)(1,225)(759)(1,828)
Other undisclosed operating income     2,452
Operating income (loss): (2,970)(3,676)(1,217)(759)624
Nonoperating expense (140)(166)   
Other nonoperating income 1244   
Interest and debt expense 1042(382)(186)(48)
Income (loss) from continuing operations: (3,101)(3,800)(1,600)(946)576
Income (loss) before gain (loss) on sale of properties: (3,101)(3,800)(1,600)(946)576
Net income (loss): (3,101)(3,800)(1,600)(946)576
Other undisclosed net loss attributable to parent (10)(42)(218) (2,452)
Net loss available to common stockholders, diluted: (3,111)(3,842)(1,818)(946)(1,876)

Comprehensive Income ($ in thousands)

3/31/2019
TTM
12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
Net income (loss): (3,101)(3,800)(1,600)(946)576
Other undisclosed comprehensive loss   (218)(715)(1,770)
Comprehensive loss, net of tax, attributable to parent: (3,101)(3,800)(1,818)(1,661)(1,194)

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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