West Texas Resources, Inc. (WTXR) financial statements (2021 and earlier)

Company profile

Business Address 5729 LEBANON ROAD
FRISCO, TX 75034
State of Incorp. NV
Fiscal Year End September 30
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
9/30/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments513143145179
Cash and cash equivalents513143145179
Receivables   45169 
Other undisclosed current assets21  0  
Total current assets:26131431901869
Noncurrent Assets
Property, plant and equipment5213   25
Oil and gas property, successful effort method4482672178861,002146
Other undisclosed noncurrent assets   (0)  
Total noncurrent assets:5002812178861,002171
TOTAL ASSETS:5262943601,0751,188179
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2921661761961554
Accounts payable162141414  
Accrued liabilities37148161159151 
Employee-related liabilities9441344
Interest and dividends payable   19  
Debt0115 50 
Due to related parties181345218  
Other undisclosed current liabilities6058504887118
Total current liabilities:371248276462292122
Noncurrent Liabilities
Other undisclosed noncurrent liabilities127     
Total noncurrent liabilities:127     
Total liabilities:498248276462292122
Stockholders' equity
Stockholders' equity attributable to parent28468461389657
Common stock171615141413
Common stock, share subscribed but unissued, subscriptions receivable 25502   
Common stock, value, subscriptions9   
Additional paid in capital2,9702,6091,9481,8761,426293
Accumulated deficit(2,969)(2,605)(2,380)(1,277)(544)(248)
Total stockholders' equity:28468461389657
TOTAL LIABILITIES AND EQUITY:5262943601,0751,188179

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

9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
9/30/2012
Revenues101111304255 
Revenue, net10181304255 
Other income  30
Cost of revenue
(Cost of Goods and Services Sold)
(20)     
Gross profit:(10)1111304255 
Operating expenses(368)(224)(843)(763)(327)(169)
Other undisclosed operating income  4382015 
Operating loss:(378)(223)(294)(439)(57)(169)
Nonoperating income
(Other Nonoperating income)
22     
Interest and debt expense(9)(1)(34)(41)(112) 
Loss from continuing operations before equity method investments, income taxes:(364)(224)(327)(480)(169)(169)
Other undisclosed loss from continuing operations before income taxes  (776)   
Loss before gain (loss) on sale of properties:(364)(224)(1,103)(480)(169)(169)
Other undisclosed net income (loss)   (254)(127)3
Net loss available to common stockholders, diluted:(364)(224)(1,103)(733)(296)(166)

Comprehensive Income ($ in thousands)

9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
9/30/2012
Net loss:(364)(224)(1,103)(733)(296)(166)
Comprehensive loss, net of tax, attributable to parent:(364)(224)(1,103)(733)(296)(166)

Statements sources

The financial statements are based on the company's filings with the 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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