Empire Petroleum Corp (EMPR) financial statements (2020 and earlier)

Company profile

Business Address 1203 EAST 33RD STREET
TULSA, OK 74105
State of Incorp. DE
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 investments188578691803
Cash and cash equivalents188578691803
Receivables1,164125     
Inventory, net of allowances, customer advances and progress billings468     
Inventory468      
Prepaid expense14145 14   
Other undisclosed current assets776113    2
Total current assets:2,56836878831805
Noncurrent Assets
Property, plant and equipment (19)     
Oil and gas property, successful effort method9,2141,630     
Other undisclosed noncurrent assets1319300300181 223
Total noncurrent assets:9,2281,630300300181 223
TOTAL ASSETS:11,7951,9973783832000229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7604626523801
Accounts payable778321     
Accrued liabilities982141     
Other undisclosed accounts payable and accrued liabilities  6523801
Debt151279137    
Other undisclosed current liabilities      92
Total current liabilities:1,911741202238092
Noncurrent Liabilities
Liabilities, other than long-term debt3,765231     
Asset retirement obligations3,765231     
Other undisclosed noncurrent liabilities7,9951,176     
Total noncurrent liabilities:11,7591,406     
Total liabilities:13,6702,147202238092
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,875)(150)128301191(0)136
Common stock2017999  
Common stock, share subscribed but unissued, subscriptions receivable  3(2)   
Additional paid in capital18,77416,96116,23215,57215,08214,71714,617
Accumulated deficit(20,669)(17,128)(16,111)(15,281)(14,899)(14,724)(14,488)
Stockholders' equity note, subscriptions receivable  (5) 
Other undisclosed stockholders' equity attributable to parent   4 88
Total stockholders' equity:(1,875)(150)128301191(0)136
Other undisclosed liabilities and equity  4759   
TOTAL LIABILITIES AND EQUITY:11,7951,9973783832000229

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
Revenue, net 300   
Gain on disposition of assets for financial service operations925118
Gross profit:4,941465 300   
Operating expenses(8,848)(1,381)(757)(378)(175)(222)(228)
Other undisclosed operating income (loss)441  (300)   
Operating loss:(3,466)(916)(757)(378)(175)(222)(228)
Nonoperating expense
(Other Nonoperating expense)
  (73)(4) (15) 
Interest and debt expense274(101)(73)(4) (15) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(163)      
Net loss:(3,354)(1,017)(903)(386)(175)(251)(228)
Other undisclosed net income (loss) attributable to parent(494) 734 15 
Net loss available to common stockholders, diluted:(3,848)(1,017)(830)(382)(175)(237)(228)

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:(3,354)(1,017)(903)(386)(175)(251)(228)
Comprehensive loss, net of tax, attributable to parent:(3,354)(1,017)(903)(386)(175)(251)(228)

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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