Petrolia Energy Corp (BBLS) financial statements (2022 and earlier)

Company profile

Business Address 710 N POST OAK, SUITE 400
HOUSTON, TX 77024
State of Incorp. TX
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351483693
Cash and cash equivalents351483693
Receivables5 5119949
Other current assets13525593131
Total current assets:17526914329983
Noncurrent Assets
Property, plant and equipment11,45112,40913,38512,546 
Oil and gas property, full cost method    3,796
Long-term investments and receivables   317 
Accounts and financing receivable, after allowance for credit loss   317 
Intangible assets, net (including goodwill)  5050 
Intangible assets, net (excluding goodwill)  5050 
Other noncurrent assets    317
Other undisclosed noncurrent assets944    
Total noncurrent assets:12,39512,40913,43512,9134,113
TOTAL ASSETS:12,57012,67813,57813,2124,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2768731,310847300
Accounts payable598265413352170
Accrued liabilities678608897495131
Debt65433633301400
Due to related parties1,0096532171,288193
Deferred revenue and credits  3
Other undisclosed current liabilities1,054650 550 
Total current liabilities:3,9922,5121,5602,986895
Noncurrent Liabilities
Long-term debt and lease obligation1,44472624 7
Long-term debt, excluding current maturities1,44472624 7
Liabilities, other than long-term debt1,7481,5474743,227213
Asset retirement obligations1,7231,510474323213
Due to related parties   2,904 
Derivative instruments and hedges, liabilities2537   
Total noncurrent liabilities:3,1912,2734983,227220
Total liabilities:7,1834,7842,0586,2131,115
Stockholders' equity
Stockholders' equity attributable to parent5,3877,89311,5196,9993,081
Preferred stock000  
Common stock1651631127943
Common stock, value, subscriptions55    
Additional paid in capital57,98557,25422,73114,8879,130
Accumulated other comprehensive income (loss)(219)8   
Accumulated deficit(52,600)(49,531)(11,323)(7,968)(6,092)
Total stockholders' equity:5,3877,89311,5196,9993,081
TOTAL LIABILITIES AND EQUITY:12,57012,67813,57813,2124,196

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,9171,173149321188
Revenue, net149321188
Cost of revenue
(Cost of Goods and Services Sold)
  (416)(304)(242)
Gross profit:2,9171,173(267)17(54)
Operating expenses(5,986)(9,256)(3,091)(1,884)(1,732)
Other undisclosed operating income0 416304242
Operating loss:(3,069)(8,083)(2,942)(1,563)(1,544)
Nonoperating income (expense)178(29,946)(319)(313)39
Other nonoperating income (expense)178(29,946)(319)4639
Interest and debt expense(279)(260)(5)(39)(110)
Loss from continuing operations before equity method investments, income taxes:(3,170)(38,289)(3,267)(1,914)(1,615)
Other undisclosed income (loss) from continuing operations before income taxes279260539(242)
Net loss:(2,891)(38,029)(3,261)(1,876)(1,857)
Net loss attributable to noncontrolling interest(178)(179)   
Other undisclosed net income attributable to parent178179   
Net loss attributable to parent:(2,891)(38,029)(3,261)(1,876)(1,857)
Other undisclosed net loss available to common stockholders, basic(178)(179)(94)  
Net loss available to common stockholders, diluted:(3,069)(38,208)(3,356)(1,876)(1,857)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(2,891)(38,029)(3,261)(1,876)(1,857)
Other comprehensive income (loss)(227)8   
Comprehensive loss:(3,118)(38,020)(3,261)(1,876)(1,857)
Comprehensive loss, net of tax, attributable to noncontrolling interest(178)(179)   
Other undisclosed comprehensive income, net of tax, attributable to parent 179   
Comprehensive loss, net of tax, attributable to parent:(3,296)(38,020)(3,261)(1,876)(1,857)

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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