Citadel Exploration Inc (COIL) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 86772189147270403
Cash and cash equivalents 86772189147270403
Prepaid expense 3329333036 
Other undisclosed current assets 136371224687
Total current assets: 255838234201312490
Noncurrent Assets
Oil and gas property, successful effort method 6,870 (141)   
Oil and gas property, full cost method  6,1886,2104,1732,0421,373
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 assets 351010105 
Other undisclosed noncurrent assets 1882003862454562
Total noncurrent assets: 7,1606,4816,4834,4422,1181,435
TOTAL ASSETS: 7,4157,3196,7174,6432,4301,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,6582,2211,5841,047605 
Interest and dividends payable 390459780228  
Other undisclosed accounts payable and accrued liabilities 2,2671,762804819605 
Debt 2,353580527525593314
Derivative instruments and hedges, liabilities     13 
Asset retirement obligation 2502242171984931
Due to related parties    3,500  
Other undisclosed current liabilities 1,1169357,07730(49)412
Total current liabilities: 6,3773,9609,4065,3001,210758
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 25052451749834931
Total noncurrent liabilities: 25052451749834931
Total liabilities: 6,6274,4859,9235,7981,559789
Stockholders' equity
Stockholders' equity attributable to parent, including: 7882,835(3,206)(1,156)8711,136
Preferred stock 7,9127,887    
Common stock 454439393129
Additional paid in capital 6,1515,6915,7905,6914,6733,345
Accumulated deficit (13,321)(10,788)(9,035)(6,885)(3,836) 
Other undisclosed stockholders' equity attributable to parent     2(2,239)
Total stockholders' equity: 7882,835(3,206)(1,156)8711,136
TOTAL LIABILITIES AND EQUITY: 7,4157,3196,7174,6432,4301,925

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,06616610711809
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)
Other operating income (expense), net
(Other Expenses)
 (412)25(572)(333)87(229)
Operating loss: (2,532)(1,935)(2,363)(1,628)(1,539)(1,494)
Interest and debt expense (412)79(572)(220)129229
Loss from continuing operations before income taxes: (2,944)(1,855)(2,935)(1,849)(1,410)(1,265)
Income tax expense  (2)    
Loss before gain (loss) on sale of properties: (2,944)(1,857)(2,935)(1,849)(1,410)(1,265)
Other undisclosed net income (loss) 412104793220(200) 
Net loss: (2,532)(1,753)(2,142)(1,628)(1,610)(1,265)
Other undisclosed net loss attributable to parent   (8)  (145)
Net loss attributable to parent: (2,532)(1,753)(2,150)(1,628)(1,610)(1,411)
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)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (2,532)(1,753)(2,142)(1,628)(1,610)(1,265)
Comprehensive loss, net of tax, attributable to parent: (2,532)(1,753)(2,142)(1,628)(1,610)(1,265)

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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