Cubic Energy Inc (CBNRQ) financial statements (2022 and earlier)

Company profile

Business Address 9870 PLANO ROAD
DALLAS, TX 75238
State of Incorp. TX
Fiscal Year End June 30
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments6,858261
Cash and cash equivalents6,858261
Prepaid expense1,514
Prepaid expense and other current assets157
Total current assets:10,3981,005
Noncurrent Assets
Property, plant and equipment107,43214,724
Oil and gas property, full cost method129,55836,904
Deposits noncurrent assets 2,300
Restricted cash and investments5,000 
Deferred costs2,140 
Other noncurrent assets7,140
Prepaid expense and other noncurrent assets2,300
Other undisclosed noncurrent assets(136,698)(39,204)
Total noncurrent assets:114,57317,024
TOTAL ASSETS:124,97118,030
Current Liabilities
Accounts payable and accrued liabilities, including:7,1281,332
Other undisclosed accounts payable and accrued liabilities7,1281,332
Derivative instruments and hedges, liabilities8,065 
Other undisclosed current liabilities136,1752,000
Total current liabilities:83,39631,197
Noncurrent Liabilities
Liabilities, other than long-term debt26,968 
Asset retirement obligations1,916 
Derivative instruments and hedges, liabilities25,052 
Other undisclosed noncurrent liabilities16,290 
Total noncurrent liabilities:43,259 
Total liabilities:126,65531,197
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,685)(13,167)
Common stock3,8753,868
Additional paid in capital56,95468,721
Accumulated deficit(78,053)(85,757)
Warrants and rights outstanding16,290 
Other undisclosed stockholders' equity attributable to parent(752)1
Other undisclosed stockholders' equity1 
Total stockholders' equity:(1,684)(13,167)

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:6,8471,971
Operating expenses(14,375)(5,581)
Operating loss:(7,527)(3,610)
Nonoperating income (expense)16,642(2,324)
Other nonoperating income13666
Interest and debt expense(19,313)(2,471)
Other undisclosed income from continuing operations before equity method investments, income taxes19,3132,471
Net income (loss) attributable to parent:9,114(5,934)
Other undisclosed net loss available to common stockholders, basic(1,410)(917)
Net income (loss) available to common stockholders, diluted:7,704(6,852)

Comprehensive Income ($ in thousands)

Net income (loss):9,114(5,934)
Comprehensive income (loss), net of tax, attributable to parent:9,114(5,934)

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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