Frontier Oilfield Services Inc (FOSI) financial statements (2020 and earlier)
Company profile
| Business Address |
3030 LBJ FREEWAY DALLAS, TX 75234 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| SIC | 1382 - Oil and Gas Field Exploration Services (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 | 15 | 26 | 17 | 20 | 22 | 115 | 52 | ||
| Cash and cash equivalents | 15 | 26 | 17 | 20 | 22 | 115 | 52 | ||
| Receivables | 52 | 75 | 99 | 206 | 558 | 931 | 1,823 | ||
| Inventory, net of allowances, customer advances and progress billings | 1 | 198 | 215 | ||||||
| Inventory | 1 | 198 | 215 | ||||||
| Deferred costs | 195 | 289 | |||||||
| Disposal group, including discontinued operation | 242 | 126 | |||||||
| Other undisclosed current assets | 78 | 87 | 1,442 | ||||||
| Total current assets: | 67 | 101 | 117 | 226 | 854 | 1,572 | 3,947 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 11,020 | 13,190 | |||||||
| Intangible assets, net (including goodwill) | 262 | 335 | 409 | 482 | 3,085 | 3,491 | |||
| Intangible assets, net (excluding goodwill) | 262 | 335 | 409 | 482 | 3,085 | 3,491 | |||
| Deposits noncurrent assets | 2 | 2 | 27 | 32 | 13 | ||||
| Deferred costs | 188 | 383 | 625 | ||||||
| Other noncurrent assets | 801 | ||||||||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,947 | ||
| Other undisclosed noncurrent assets | 2 | 11 | |||||||
| Total noncurrent assets: | 801 | 264 | 338 | 411 | 697 | 14,520 | 19,278 | ||
| Other undisclosed assets | 2,806 | 3,308 | 4,116 | 5,276 | |||||
| TOTAL ASSETS: | 868 | 3,172 | 3,762 | 4,753 | 6,827 | 16,092 | 23,225 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 368 | 1,034 | 1,522 | 2,431 | 2,718 | 3,403 | 3,397 | ||
| Accrued liabilities | 2,043 | 1,711 | 1,274 | 2,172 | 1,535 | 858 | 1,037 | ||
| Other undisclosed accounts payable and accrued liabilities | (1,674) | (678) | 248 | 259 | 1,184 | 2,545 | 2,360 | ||
| Debt | 8,047 | 7,951 | 7,961 | 7,773 | 8,585 | 10,363 | 8,756 | ||
| Disposal group, including discontinued operation | 1,476 | ||||||||
| Other undisclosed current liabilities | 2,043 | 1,711 | 1,274 | 2,172 | 1,535 | 858 | 3,752 | ||
| Total current liabilities: | 10,458 | 10,696 | 10,757 | 12,376 | 12,838 | 14,624 | 17,381 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 703 | 60 | 1,595 | 1,656 | |||||
| Long-term debt, excluding current maturities | 60 | 1,595 | 1,656 | ||||||
| Operating lease, liability | 703 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 703 | 60 | 1,595 | 1,656 | |||||
| Total liabilities: | 11,161 | 10,696 | 10,757 | 12,376 | 12,898 | 16,219 | 19,038 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (10,293) | (7,525) | (6,995) | (7,623) | (6,071) | (127) | 4,187 | ||
| Preferred stock | 29 | 18 | |||||||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | 450 | ||||||||
| Common stock | 148 | 148 | 139 | 119 | 115 | 55 | 56 | ||
| Additional paid in capital | 35,266 | 35,266 | 34,919 | 32,925 | 32,693 | 32,143 | 31,659 | ||
| Deferred compensation equity | (74) | ||||||||
| Accumulated deficit | (45,707) | (42,938) | (42,052) | (40,666) | (38,879) | (32,803) | (27,471) | ||
| Total stockholders' equity: | (10,293) | (7,525) | (6,995) | (7,623) | (6,071) | (127) | 4,187 | ||
| TOTAL LIABILITIES AND EQUITY: | 868 | 3,172 | 3,762 | 4,753 | 6,827 | 16,092 | 23,225 | ||
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 | 897 | 1,135 | 1,137 | 1,279 | 3,816 | 16,081 | 30,209 | |
| Cost of revenue (Cost of Goods and Services Sold) | (663) | (2,034) | (11,312) | (22,576) | ||||
| Gross profit: | 897 | 1,135 | 1,137 | 616 | 1,782 | 4,769 | 7,633 | |
| Operating expenses | (4,150) | (2,021) | (2,177) | (2,051) | (11,498) | (18,718) | (36,415) | |
| Other undisclosed operating income | 663 | 2,034 | 11,312 | 22,576 | ||||
| Operating loss: | (3,252) | (886) | (1,040) | (773) | (7,682) | (2,637) | (6,206) | |
| Nonoperating income (expense) | 0 | (1) | (346) | |||||
| Investment income, nonoperating | 0 | |||||||
| Other nonoperating expense | (1) | |||||||
| Interest and debt expense | 1,133 | 439 | 526 | (1,113) | 963 | (1,828) | (1,841) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (2,120) | (448) | (860) | (1,886) | (6,719) | (4,464) | (8,047) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (439) | (439) | (526) | 103 | 693 | (797) | 2,284 | |
| Loss from continuing operations before income taxes: | (2,559) | (886) | (1,386) | (1,783) | (6,026) | (5,262) | (5,763) | |
| Income tax expense | (5) | (1) | (24) | (72) | ||||
| Loss from continuing operations: | (2,559) | (886) | (1,386) | (1,788) | (6,027) | (5,285) | (5,836) | |
| Loss from discontinued operations | (2,899) | |||||||
| Net loss: | (2,559) | (886) | (1,386) | (1,788) | (6,027) | (5,285) | (8,735) | |
| Other undisclosed net loss attributable to parent | (38) | |||||||
| Net loss attributable to parent: | (2,596) | (886) | (1,386) | (1,788) | (6,027) | (5,285) | (8,735) | |
| Preferred stock dividends and other adjustments | (49) | (46) | ||||||
| Net loss available to common stockholders, diluted: | (2,596) | (886) | (1,386) | (1,788) | (6,076) | (5,332) | (8,735) | |
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: | (2,559) | (886) | (1,386) | (1,788) | (6,027) | (5,285) | (8,735) | |
| Comprehensive loss, net of tax, attributable to parent: | (2,559) | (886) | (1,386) | (1,788) | (6,027) | (5,285) | (8,735) | |
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.