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)

12/31/2019
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 8578691803
Cash and cash equivalents 8578691803
Receivables983125     
Inventory, net of allowances, customer advances and progress billings476     
Inventory476      
Prepaid expense24845 14   
Other undisclosed current assets 113    2
Total current assets:1,70736878831805
Noncurrent Assets
Property, plant and equipment9,308(19)     
Oil and gas property, successful effort method9,2951,630     
Other undisclosed noncurrent assets(9,295)19300300181 223
Total noncurrent assets:9,3081,630300300181 223
TOTAL ASSETS:11,0151,9973783832000229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1304626523801
Accounts payable1,026321     
Accrued liabilities1,104141     
Other undisclosed accounts payable and accrued liabilities  6523801
Debt97279137    
Asset retirement obligation5,480      
Other undisclosed current liabilities(5,468)     92
Total current liabilities:2,238741202238092
Noncurrent Liabilities
Long-term debt and lease obligation7,715      
Long-term debt, excluding current maturities7,715      
Liabilities, other than long-term debt 231     
Asset retirement obligations 231     
Other undisclosed noncurrent liabilities6,0001,176     
Total noncurrent liabilities:13,7151,406     
Total liabilities:15,9532,147202238092
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,939)(150)128301191(0)136
Common stock2017999  
Common stock, share subscribed but unissued, subscriptions receivable  3(2)   
Additional paid in capital18,82416,96116,23215,57215,08214,71714,617
Accumulated deficit(23,783)(17,128)(16,111)(15,281)(14,899)(14,724)(14,488)
Warrants and rights outstanding18,346      
Stockholders' equity note, subscriptions receivable  (5) 
Other undisclosed stockholders' equity attributable to parent(18,346)  4 88
Total stockholders' equity:(4,939)(150)128301191(0)136
Other undisclosed liabilities and equity  4759   
TOTAL LIABILITIES AND EQUITY:11,0151,9973783832000229

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

12/31/2019
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 operations34118
Gross profit:5,859465 300   
Operating expenses(12,010)(1,381)(757)(378)(175)(222)(228)
Other undisclosed operating loss   (300)   
Operating loss:(6,151)(916)(757)(378)(175)(222)(228)
Nonoperating expense
(Other Nonoperating expense)
  (73)(4) (15) 
Interest and debt expense504(101)(73)(4) (15) 
Loss from continuing operations before income taxes:(5,647)(1,017)(903)(386)(175)(251)(228)
Income tax benefit380      
Net loss:(5,267)(1,017)(903)(386)(175)(251)(228)
Other undisclosed net income (loss) attributable to parent(1,387) 734 15 
Net loss available to common stockholders, diluted:(6,655)(1,017)(830)(382)(175)(237)(228)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(5,267)(1,017)(903)(386)(175)(251)(228)
Comprehensive loss, net of tax, attributable to parent:(5,267)(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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