Arkanova Energy Corp (AKVA) financial statements (2020 and earlier)

Company profile

Business Address SUITE 525
AUSTIN, TX 78746
State of Incorp. NV
Fiscal Year End September 30
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments752,366647556
Cash and cash equivalents752,366647541
Short-term investments   15
Restricted cash and investments6161  
Receivables55474715135
Prepaid expense141012 
Deposits current assets  25 
Other undisclosed current assets   299
Total current assets:2052,9111,399990
Noncurrent Assets
Property, plant and equipment191261304274
Restricted cash and investments6968  
Other noncurrent assets97979797
Other undisclosed noncurrent assets63167251,067
Total noncurrent assets:3637421,1271,437
TOTAL ASSETS:5683,6532,5252,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8341,1281,204914
Accounts payable114306586522
Accrued liabilities1,720822618392
Debt16202010,128
Due to related parties1021538265
Customer advances and deposits 2,244 
Other liabilities93881238
Other undisclosed current liabilities2,085 38 
Total current liabilities:4,0463,4442,11111,344
Noncurrent Liabilities
Long-term debt and lease obligation 14,98011,84756
Long-term debt, excluding current maturities 14,98011,84756
Liabilities, other than long-term debt15,488173196220
Asset retirement obligations524164149136
Due to related parties14,964   
Other liabilities 94784
Total noncurrent liabilities:15,48815,15312,043276
Total liabilities:19,53418,59714,15511,620
Stockholders' equity
Stockholders' equity attributable to parent(18,967)(14,944)(11,629)(9,193)
Common stock54545450
Additional paid in capital19,39919,39919,38718,823
Accumulated deficit(38,419)(34,397)(31,071)(28,066)
Total stockholders' equity:(18,967)(14,944)(11,629)(9,193)
TOTAL LIABILITIES AND EQUITY:5683,6532,5252,427

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

9/30/2016
9/30/2015
9/30/2014
9/30/2013
Gross profit:351453844850
Operating expenses(2,945)(2,414)(1,954)(1,782)
Other undisclosed operating loss(533)(483)(1,201)(1,213)
Operating loss:(3,127)(2,444)(2,311)(2,145)
Nonoperating income41 3
Investment income, nonoperating2  3
Other nonoperating income31  
Interest and debt expense(900)(884)(694)(561)
Net loss:(4,022)(3,326)(3,005)(2,703)
Other undisclosed net loss attributable to parent   (29)
Net loss available to common stockholders, basic:(4,022)(3,326)(3,005)(2,732)
Other undisclosed net income available to common stockholders, diluted 200  
Net loss available to common stockholders, diluted:(4,022)(3,126)(3,005)(2,732)

Comprehensive Income ($ in thousands)

9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net loss:(4,022)(3,326)(3,005)(2,703)
Comprehensive loss, net of tax, attributable to parent:(4,022)(3,326)(3,005)(2,703)

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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