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) (USD)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,501,7663,222,9081,838,551748,8264555,866
Cash and cash equivalents1,501,7663,222,9081,838,551748,8264555,866
Receivables1,266,61334,8522,8573,2613,2613,260
Prepaid expense33,30049,77850,97244,01329,55545,000
Total current assets:2,801,6793,307,5381,892,380796,10033,27154,126
Noncurrent Assets
Property, plant and equipment14,122,61513,156,47611,649,54011,850,78111,811,97711,663,243
Other noncurrent assets8,3408,3408,3408,3408,3408,340
Total noncurrent assets:14,130,95513,164,81611,657,88011,859,12111,820,31711,671,583
TOTAL ASSETS:16,932,63416,472,35413,550,26012,655,22111,853,58811,725,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,774,0621,251,596267,903225,6931,066,791838,409
Employee-related liabilities     830,000620,000
Accounts payable4,739,9081,239,189253,547174,861159,512168,718
Accrued liabilities34,15412,40714,35650,83277,27949,691
Debt9,77315,48421,0813,8839,62015,251
Due to related parties  316,810382,751451,3879,8289,828
Other undisclosed current liabilities2,105,1434,326,8092,867,1261,724,794634,505366,559
Total current liabilities:6,888,9785,910,6993,538,8612,405,7571,720,7441,230,047
Noncurrent Liabilities
Long-term debt and lease obligation    718,3551,118,3551,118,355
Long-term debt, excluding current maturities    718,3551,118,3551,118,355
Liabilities, other than long-term debt40,380  420,242653,636623,141
Accounts payable and accrued liabilities    420,242403,636373,141
Asset retirement obligations40,380     
Due to related parties     250,000250,000
Other undisclosed noncurrent liabilities2,098,5431,572,4762,298,5751,120,340970,450687,591
Total noncurrent liabilities:2,138,9231,572,4762,298,5752,258,9372,742,4412,429,087
Total liabilities:9,027,9017,483,1755,837,4364,664,6944,463,1853,659,134
Equity
Equity, attributable to parent, including:7,904,7338,989,1797,712,8247,990,5277,390,4038,066,575
Common stock998,449990,199903,130867,440821,790814,540
Additional paid in capital22,893,78822,903,70621,058,10120,412,72319,445,37319,307,623
Accumulated deficit(15,987,504)(14,904,726)(14,248,407)(13,514,246)(12,876,760)(12,055,588)
Other undisclosed equity, attributable to parent    224,610  
Total equity:7,904,7338,989,1797,712,8247,990,5277,390,4038,066,575
TOTAL LIABILITIES AND EQUITY:16,932,63416,472,35413,550,26012,655,22111,853,58811,725,709

Income Statement (P&L) (USD)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Operating expenses(1,059,946)(623,171)(689,804)(597,427)(770,856)(688,788)
Other undisclosed operating income (loss)5,907(2,020)(1,980)(1,907)5,099(1,700)
Operating loss:(1,054,039)(625,191)(691,784)(599,334)(765,757)(690,488)
Nonoperating expense(28,739)(31,128)(42,377)(38,152)(55,415)(57,697)
Other nonoperating income43474740710,23053904
Interest and debt expense (31,875)(42,784)9,828 (58,601)
Loss from continuing operations:(1,082,778)(688,194)(776,945)(627,658)(821,172)(806,786)
Loss before gain (loss) on sale of properties:(1,082,778)(688,194)(776,945)(627,658)(821,172)(806,786)
Net loss:(1,082,778)(688,194)(776,945)(627,658)(821,172)(806,786)
Other undisclosed net income (loss) attributable to parent 31,87542,784(9,828) 58,601
Net loss available to common stockholders, diluted:(1,082,778)(656,319)(734,161)(637,486)(821,172)(748,185)

Comprehensive Income (USD)

3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
Net loss:(1,082,778)(688,194)(776,945)(627,658)(821,172)(806,786)
Comprehensive loss, net of tax, attributable to parent:(1,082,778)(688,194)(776,945)(627,658)(821,172)(806,786)

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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