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 investments | 18 | 85 | 78 | 69 | 18 | 0 | 3 | ||
| Cash and cash equivalents | 18 | 85 | 78 | 69 | 18 | 0 | 3 | ||
| Receivables | 1,164 | 125 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 468 | ✕ | |||||||
| Inventory | 468 | ||||||||
| Prepaid expense | 141 | 45 | 14 | ||||||
| Other undisclosed current assets | 776 | 113 | 2 | ||||||
| Total current assets: | 2,568 | 368 | 78 | 83 | 18 | 0 | 5 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | (19) | ||||||||
| Oil and gas property, successful effort method | 9,214 | 1,630 | |||||||
| Other undisclosed noncurrent assets | 13 | 19 | 300 | 300 | 181 | 223 | |||
| Total noncurrent assets: | 9,228 | 1,630 | 300 | 300 | 181 | 223 | |||
| TOTAL ASSETS: | 11,795 | 1,997 | 378 | 383 | 200 | 0 | 229 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,760 | 462 | 65 | 23 | 8 | 0 | 1 | ||
| Accounts payable | 778 | 321 | |||||||
| Accrued liabilities | 982 | 141 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 65 | 23 | 8 | 0 | 1 | ||||
| Debt | 151 | 279 | 137 | ||||||
| Other undisclosed current liabilities | 92 | ||||||||
| Total current liabilities: | 1,911 | 741 | 202 | 23 | 8 | 0 | 92 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 3,765 | 231 | |||||||
| Asset retirement obligations | 3,765 | 231 | |||||||
| Other undisclosed noncurrent liabilities | 7,995 | 1,176 | |||||||
| Total noncurrent liabilities: | 11,759 | 1,406 | |||||||
| Total liabilities: | 13,670 | 2,147 | 202 | 23 | 8 | 0 | 92 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (1,875) | (150) | 128 | 301 | 191 | (0) | 136 | ||
| Common stock | 20 | 17 | 9 | 9 | 9 | ||||
| Common stock, share subscribed but unissued, subscriptions receivable | 3 | (2) | |||||||
| Additional paid in capital | 18,774 | 16,961 | 16,232 | 15,572 | 15,082 | 14,717 | 14,617 | ||
| 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 | 8 | 8 | ||||||
| Total stockholders' equity: | (1,875) | (150) | 128 | 301 | 191 | (0) | 136 | ||
| Other undisclosed liabilities and equity | 47 | 59 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 11,795 | 1,997 | 378 | 383 | 200 | 0 | 229 | ||
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 operations | 925 | 118 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Gross profit: | 4,941 | 465 | 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 expense | 274 | (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) | 73 | 4 | 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.