Bakken Resources Inc (BKKN) financial statements (2020 and earlier)

Company profile

Business Address 1425 BIRCH AVE.
HELENA, MT 59601
State of Incorp. NV
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7474,2356,3341,524693
Cash and cash equivalents1,2402296,3341,524693
Short-term investments3,5074,006   
Restricted cash and investments  595  
Receivables1,8091,5311,0762,126745
Prepaid expense52624021
Prepaid expense and other current assets10
Total current assets:6,6085,8278,0443,6711,448
Noncurrent Assets
Property, plant and equipment0381524
Oil and gas property, successful effort method   6868
Other undisclosed noncurrent assets508023017401,379
Total noncurrent assets:508053098231,471
TOTAL ASSETS:6,6596,6328,3544,4942,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1911891,24474086
Accounts payable1131151354379
Accrued liabilities78741651837
Taxes payable  944514 
Debt    120
Due to related parties232  236 
Other undisclosed current liabilities   403169
Total current liabilities:4231891,2441,379375
Noncurrent Liabilities
Long-term debt and lease obligation    847
Long-term debt, excluding current maturities    847
Total noncurrent liabilities:    847
Total liabilities:4231891,2441,3791,222
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2356,4437,1093,1151,698
Preferred stock1    
Common stock57    
Additional paid in capital4,7103,5113,5113,4963,401
Accumulated other comprehensive income2042   
Retained earnings (accumulated deficit)1,2632,8733,542(438)(1,759)
Other undisclosed stockholders' equity attributable to parent 57575757
Total stockholders' equity:6,2356,4437,1093,1151,698
TOTAL LIABILITIES AND EQUITY:6,6596,6328,3544,4942,920

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit:6278681,6363,9731,728
Operating expenses(2,586)(1,741)4,293(2,134)(1,879)
Operating income (loss):(1,959)(873)5,9291,838(151)
Nonoperating income (expense)(99)710(3)(248)
Investment income, nonoperating827511
Other nonoperating expense(650)    
Interest and debt expense   (19)(206)
Income (loss) from continuing operations before equity method investments, income taxes:(2,058)(866)5,9381,816(605)
Other undisclosed income from continuing operations before income taxes   19 
Income (loss) from continuing operations before income taxes:(2,058)(866)5,9381,835(605)
Income tax expense (benefit)449197(1,959)(514) 
Net income (loss):(1,610)(669)3,9801,322(605)
Other undisclosed net income attributable to parent  0 206
Net income (loss) available to common stockholders, diluted:(1,610)(669)3,9801,322(399)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(1,610)(669)3,9801,322(605)
Comprehensive income (loss):(1,610)(669)3,9801,322(605)
Other undisclosed comprehensive income, net of tax, attributable to parent2022   
Comprehensive income (loss), net of tax, attributable to parent:(1,408)(666)3,9801,322(605)

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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