Falconridge Oil Technologies Corp (FROT) financial statements (2020 and earlier)

Company profile

Business Address 6 BAKER RD.
BRAMPTON, ON L6T 4E3
State of Incorp. NV
Fiscal Year End February 28
SIC 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2015
TTM
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 23427
Cash and cash equivalents 23427
Receivables 312
Other undisclosed current assets 108 
Total current assets: 34439
Noncurrent Assets
Property, plant and equipment 35
Oil and gas property, successful effort method (31) 
Oil and gas property, full cost method 72102
Other undisclosed noncurrent assets 31289
Total noncurrent assets: 75396
TOTAL ASSETS: 419435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 178187
Accounts payable 125140
Accrued liabilities 5347
Debt 7070
Due to related parties 1,1921,462
Other undisclosed current liabilities 541 
Total current liabilities: 1,9821,719
Noncurrent Liabilities
Total liabilities: 1,9821,719
Stockholders' equity
Stockholders' equity attributable to parent (1,563)(1,284)
Common stock 4949
Additional paid in capital 321271
Accumulated other comprehensive income 233 
Accumulated deficit (2,166)(1,604)
Total stockholders' equity: (1,563)(1,284)
TOTAL LIABILITIES AND EQUITY: 419435

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

11/30/2015
TTM
2/28/2015
2/28/2014
Revenue, net 1219
Financial services revenue 34 
Gross profit: 4619
Operating expenses (522)(475)
Operating loss: (476)(456)
Nonoperating expense
(Investment Income, Nonoperating)
 (34) 
Interest and debt expense 18(2)
Loss before gain (loss) on sale of properties: (492)(457)
Other undisclosed net loss (71) 
Net loss available to common stockholders, diluted: (563)(457)

Comprehensive Income ($ in thousands)

11/30/2015
TTM
2/28/2015
2/28/2014
Net loss: (563)(457)
Other comprehensive income 446 
Comprehensive loss, net of tax, attributable to parent: (116)(457)

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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