Empire Petroleum Corp (EMPR) financial statements (2021 and earlier)

Company profile

Business Address 2200 S. UTICA PLACE
TULSA, OK 74114
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments158 857869180
Cash and cash equivalents158 857869180
Receivables1,252983125    
Inventory, net of allowances, customer advances and progress billings531476     
Inventory531476     
Prepaid expense28224845 14  
Other undisclosed current assets  113    
Total current assets:2,2231,7073687883180
Noncurrent Assets
Property, plant and equipment8,2259,308(19)    
Oil and gas property, successful effort method 9,2951,630    
Other undisclosed noncurrent assets802(9,295)19300300181 
Total noncurrent assets:9,0279,3081,630300300181 
TOTAL ASSETS:11,25011,0151,9973783832000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6362,130462652380
Accounts payable1,9381,026321    
Accrued liabilities2,6981,104141    
Other undisclosed accounts payable and accrued liabilities   652380
Debt1,30297279137   
Asset retirement obligation 5,480     
Other undisclosed current liabilities136(5,468)     
Total current liabilities:6,0732,2387412022380
Noncurrent Liabilities
Long-term debt and lease obligation, including:5347,715     
Long-term debt, excluding current maturities7,7207,715     
Other undisclosed long-term debt and lease obligation(7,186)      
Liabilities, other than long-term debt  231    
Asset retirement obligations  231    
Other undisclosed noncurrent liabilities23,0846,0001,176    
Total noncurrent liabilities:23,61813,7151,406    
Total liabilities:29,69115,9532,1472022380
Stockholders' equity
Stockholders' equity attributable to parent, including:(18,441)(4,939)(150)128301191(0)
Common stock252017999 
Common stock, share subscribed but unissued, subscriptions receivable   3(2)  
Additional paid in capital22,15218,82416,96116,23215,57215,08214,717
Accumulated deficit(40,618)(23,783)(17,128)(16,111)(15,281)(14,899)(14,724)
Warrants and rights outstanding 18,346     
Stockholders' equity note, subscriptions receivable   (5) 
Other undisclosed stockholders' equity attributable to parent (18,346)  4 8
Total stockholders' equity:(18,441)(4,939)(150)128301191(0)
Other undisclosed liabilities and equity   4759  
TOTAL LIABILITIES AND EQUITY:11,25011,0151,9973783832000

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net 300  
Gain on disposition of assets for financial service operations1,26934118
Gross profit:7,7285,859465 300  
Operating expenses(25,311)(12,010)(1,381)(757)(378)(175)(222)
Other undisclosed operating loss    (300)  
Operating loss:(17,583)(6,151)(916)(757)(378)(175)(222)
Nonoperating expense(521)  (73)(4) (15)
Other nonoperating expense   (73)(4) (15)
Interest and debt expense(58)504(101)(73)(4) (15)
Loss from continuing operations before income taxes:(18,163)(5,647)(1,017)(903)(386)(175)(251)
Income tax benefit 380     
Net loss:(18,163)(5,267)(1,017)(903)(386)(175)(251)
Other undisclosed net income (loss) attributable to parent1,327(1,387) 734 15
Net loss available to common stockholders, diluted:(16,835)(6,655)(1,017)(830)(382)(175)(237)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(18,163)(5,267)(1,017)(903)(386)(175)(251)
Comprehensive loss, net of tax, attributable to parent:(18,163)(5,267)(1,017)(903)(386)(175)(251)

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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