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 | 1,502 | 0 | 503 | 237 | 1,034 | |||
Cash and cash equivalents | 1,502 | 0 | 503 | 2 | 84 | |||
Short-term investments | 235 | 950 | ||||||
Receivables | 1,267 | 3 | 47 | |||||
Prepaid expense | 33 | 30 | 21 | 4 | ||||
Other undisclosed current assets | 8,200 | |||||||
Total current assets: | 2,802 | 33 | 571 | 241 | 9,234 | |||
Noncurrent Assets | ||||||||
Property, plant and equipment | 14,123 | 11,812 | ||||||
Oil and gas property, full cost method | 10,206 | 10,376 | 370 | |||||
Other noncurrent assets | 8 | 8 | ||||||
Total noncurrent assets: | 14,131 | 11,820 | 10,206 | 10,376 | 370 | |||
TOTAL ASSETS: | 16,933 | 11,854 | 10,777 | 10,617 | 9,604 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities, including: | 4,774 | 1,067 | 419 | 197 | 124 | |||
Employee-related liabilities | 830 | |||||||
Accounts payable | 4,740 | 160 | 20 | 5 | ||||
Accrued liabilities | 34 | 77 | 399 | 192 | 28 | |||
Other undisclosed accounts payable and accrued liabilities | 97 | |||||||
Debt | 10 | 10 | 1,700 | 1,100 | 964 | |||
Due to related parties | 10 | 52 | 70 | 52 | ||||
Other undisclosed current liabilities | 2,105 | 635 | 16 | 475 | 28 | |||
Total current liabilities: | 6,889 | 1,721 | 2,187 | 1,843 | 1,168 | |||
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 | 40 | 654 | ||||||
Accounts payable and accrued liabilities | 404 | |||||||
Asset retirement obligations | 40 | |||||||
Due to related parties | 250 | |||||||
Other undisclosed noncurrent liabilities | 2,099 | 970 | ||||||
Total noncurrent liabilities: | 2,139 | 2,742 | 700 | |||||
Total liabilities: | 9,028 | 4,463 | 2,187 | 2,543 | 1,168 | |||
Equity | ||||||||
Equity, attributable to parent, including: | 7,905 | 7,390 | 8,590 | 8,075 | 8,437 | |||
Common stock | 998 | 822 | 542 | 362 | 362 | |||
Additional paid in capital | 22,894 | 19,445 | 16,650 | 13,233 | 13,232 | |||
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: | 7,905 | 7,390 | 8,590 | 8,075 | 8,437 | |||
TOTAL LIABILITIES AND EQUITY: | 16,933 | 11,854 | 10,777 | 10,617 | 9,604 |
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 | 12 | 44 | |||||
Interest and debt expense | 10 | 42 | (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.