Chancellor Group Inc (CHAG) financial statements (2022 and earlier)

Company profile

Business Address 216 SOUTH PRICE ROAD,
PAMPA,, TX 79065
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)

Current Assets
Cash, cash equivalents, and short-term investments6152,337
Cash and cash equivalents6152,337
Prepaid expense and other current assets188
Income taxes receivable13 
Deferred tax assets528 
Other undisclosed current assets(528)(598)
Total current assets:6581,747
Noncurrent Assets
Property, plant and equipment3234
Intangible assets, net (including goodwill)427
Deposits noncurrent assets00
Total noncurrent assets:46034
TOTAL ASSETS:1,1181,781
Current Liabilities
Accounts payable and accrued liabilities10234
Accounts payable10034
Accrued liabilities20
Other undisclosed current liabilities90 
Total current liabilities:19334
Noncurrent Liabilities
Other undisclosed noncurrent liabilities(189)(32)
Total noncurrent liabilities:(189)(32)
Total liabilities:42
Stockholders' equity
Stockholders' equity attributable to parent, including:9251,747
Common stock7470
Additional paid in capital3,8143,539
Accumulated deficit(2,774)(1,830)
Other undisclosed stockholders' equity attributable to parent(189)(32)
Stockholders' equity attributable to noncontrolling interest(274)(32)
Other undisclosed stockholders' equity46365
Total stockholders' equity:1,1141,779

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

Revenue, net109110
Cost of revenue
(Cost of Goods and Services Sold)
Other undisclosed gross profit 58
Gross profit:70110
Operating expenses(1,397)(608)
Other undisclosed operating income (loss)39(0)
Operating loss:(1,288)(498)
Nonoperating income (expense)14(79)
Other nonoperating income13 
Interest and debt expense(2) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(3)
Loss from continuing operations before income taxes:(1,277)(580)
Income tax benefit447203
Other undisclosed loss from continuing operations (203)
Loss before gain (loss) on sale of properties:(830)(580)
Other undisclosed net income (loss)(114)32
Net loss:(944)(548)
Net loss attributable to noncontrolling interest(242)(32)
Other undisclosed net income (loss) attributable to parent(91)32
Net loss attributable to parent:(1,277)(548)
Other undisclosed net income available to common stockholders, basic333 
Net loss available to common stockholders, diluted:(944)(548)

Comprehensive Income ($ in thousands)

Net loss:(944)(548)
Comprehensive loss:(944)(548)
Comprehensive income, net of tax, attributable to noncontrolling interest24232
Comprehensive loss, net of tax, attributable to parent:(702)(516)

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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