Citadel Exploration Inc (COIL) financial statements (2021 and earlier)

Company profile

Business Address 417 31ST STREET
NEWPORT BEACH, CA 92663
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86772189147270403113
Cash and cash equivalents86772189147270403113
Prepaid expense3329333036 
Prepaid expense and other current assets6
Other undisclosed current assets13637122468711
Total current assets:255838234201312490129
Noncurrent Assets
Property, plant and equipment      1
Oil and gas property, successful effort method6,870 (141)    
Oil and gas property, full cost method 6,1886,2104,1732,0421,373160
Intangible assets, net (including goodwill), including:6783191426
Intangible assets, net (excluding goodwill)4522473927  
Other undisclosed intangible assets, net (including goodwill)2361(29)(25)(1)
Deposits noncurrent assets351010105  
Other undisclosed noncurrent assets188200386245456220
Total noncurrent assets:7,1606,4816,4834,4422,1181,435181
TOTAL ASSETS:7,4157,3196,7174,6432,4301,925310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6582,2211,5841,047605  
Interest and dividends payable390459780228   
Other undisclosed accounts payable and accrued liabilities2,2671,762804819605  
Debt2,353580527525593314223
Derivative instruments and hedges, liabilities    13  
Asset retirement obligation2502242171984931 
Due to related parties   3,500   
Other undisclosed current liabilities1,1169357,07730(49)412152
Total current liabilities:6,3773,9609,4065,3001,210758375
Noncurrent Liabilities
Other undisclosed noncurrent liabilities25052451749834931 
Total noncurrent liabilities:25052451749834931 
Total liabilities:6,6274,4859,9235,7981,559789375
Stockholders' equity
Stockholders' equity attributable to parent, including:7882,835(3,206)(1,156)8711,136(65)
Preferred stock7,9127,887     
Common stock45443939312923
Additional paid in capital6,1515,6915,7905,6914,6733,345740
Accumulated deficit(13,321)(10,788)(9,035)(6,885)(3,836)  
Other undisclosed stockholders' equity attributable to parent    2(2,239)(828)
Total stockholders' equity:7882,835(3,206)(1,156)8711,136(65)
TOTAL LIABILITIES AND EQUITY:7,4157,3196,7174,6432,4301,925310

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1,06616610711809 
Cost of revenue
(Cost of Goods and Services Sold)
 (232)(221) (104)(85) 
Gross profit:1,066(66)(114)118(104)(76) 
Operating expenses(3,186)(1,894)(1,677)(1,413)(1,523)(1,189)(450)
Other operating income (expense), net
(Other Expenses)
(412)25(572)(333)87(229)(146)
Operating loss:(2,532)(1,935)(2,363)(1,628)(1,539)(1,494)(596)
Nonoperating expense
(Investment Income, Nonoperating)
      (536)
Interest and debt expense(412)79(572)(220)129229137
Loss from continuing operations before income taxes:(2,944)(1,855)(2,935)(1,849)(1,410)(1,265)(994)
Income tax expense (2)     
Loss before gain (loss) on sale of properties:(2,944)(1,857)(2,935)(1,849)(1,410)(1,265)(994)
Other undisclosed net income (loss)412104793220(200)  
Net loss:(2,532)(1,753)(2,142)(1,628)(1,610)(1,265)(994)
Other undisclosed net income (loss) attributable to parent  (8)  (145)397
Net loss attributable to parent:(2,532)(1,753)(2,150)(1,628)(1,610)(1,411)(598)
Preferred stock dividends and other adjustments(791)(442)     
Other undisclosed net loss available to common stockholders, basic (620)     
Net loss available to common stockholders, diluted:(3,323)(2,816)(2,150)(1,628)(1,610)(1,411)(598)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(2,532)(1,753)(2,142)(1,628)(1,610)(1,265)(994)
Comprehensive loss, net of tax, attributable to parent:(2,532)(1,753)(2,142)(1,628)(1,610)(1,265)(994)

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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