Blacksands Petroleum Inc (BSPE) financial statements (2020 and earlier)

Company profile

Business Address 4833 FRONT STREET B405
CASTLEROCK, CO 80104
State of Incorp. NV
Fiscal Year End October 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2016
10/31/2014
10/31/2013
10/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6791,3351,160
Cash and cash equivalents 6791,3351,160
Receivables 211418402
Prepaid expense 522 
Total current assets: 1,4121,7531,562
Noncurrent Assets
Other noncurrent assets 50 
Prepaid expense and other noncurrent assets50221
Other undisclosed noncurrent assets 7362,0787,219
Total noncurrent assets: 7862,1287,440
TOTAL ASSETS: 2,1973,8819,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,5013,6452,575
Accounts payable 129523158
Accrued liabilities 2,3723,1222,417
Debt 6028060
Total current liabilities: 2,5613,9252,635
Noncurrent Liabilities
Long-term debt and lease obligation 6,0674,5503,652
Long-term debt, excluding current maturities 6,0674,5503,652
Liabilities, other than long-term debt 92649610
Asset retirement obligations 92649610
Other undisclosed noncurrent liabilities (60)(280)(60)
Total noncurrent liabilities: 6,0994,9204,201
Total liabilities: 8,6608,8456,836
Stockholders' equity
Stockholders' equity attributable to parent, including:(2)(6,463)(4,964)2,166
Common stock20191816
Additional paid in capital28,76128,44023,72622,609
Accumulated deficit(28,783)(34,924)(28,708)(20,459)
Other undisclosed stockholders' equity attributable to parent 2 0
Total stockholders' equity:(2)(6,463)(4,964)2,166
TOTAL LIABILITIES AND EQUITY:(2)2,1973,8819,003

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

10/31/2016
10/31/2014
10/31/2013
10/31/2012
Revenues 1,8741,6901,589
Revenue, net 1,2291,6901,589
Financial services revenue 645  
Cost of revenue  (2,395)(2,336)
Cost of goods and services sold  (1,465)(1,722)
Gross profit: 1,874(705)(747)
Operating expenses (4,927)(6,343)(2,311)
Other undisclosed operating loss (182)  
Operating loss: (3,235)(7,048)(3,058)
Nonoperating expense (2,981)(1,346)(386)
Investment income, nonoperating 1,639  
Interest and debt expense (2,139)(1,402)(450)
Loss from continuing operations before equity method investments, income taxes: (8,356)(9,796)(3,894)
Other undisclosed income from continuing operations before income taxes 2,1391,402450
Net loss attributable to parent: (6,216)(8,394)(3,444)
Other undisclosed net loss available to common stockholders, basic (848)(200)(200)
Net loss available to common stockholders, diluted: (7,064)(8,594)(3,644)

Comprehensive Income ($ in thousands)

10/31/2016
10/31/2014
10/31/2013
10/31/2012
Net loss: (6,216)(8,394)(3,444)
Comprehensive loss, net of tax, attributable to parent: (6,216)(8,394)(3,444)

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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