Foothills Exploration, Inc (FTXP) financial statements (2020 and earlier)

Company profile

Business Address 10940 WILSHIRE BLVD
LOS ANGELES, CA 90024
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments011801 0
Cash and cash equivalents011801 0
Restricted cash and investments120120    
Receivables31033   
Prepaid expense5761549  
Total current assets:18013748851 0
Noncurrent Assets
Operating lease, right-of-use asset123
Property, plant and equipment1614353  
Oil and gas property, successful effort method(591)(412)    
Oil and gas property, full cost method13,04012,42713,25411,198  
Restricted cash and investments  240240  
Other undisclosed noncurrent assets736557295295  
Total noncurrent assets:13,30912,57913,80212,087  
TOTAL ASSETS:13,48912,71613,85012,937 0
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,9374,3203,0531,9249446
Accounts payable    9446
Accrued liabilities  64   
Interest and dividends payable772375    
Other undisclosed accounts payable and accrued liabilities4,1653,9452,9891,924  
Debt1,9511,5967,304   
Deferred rent credit  14
Derivative instruments and hedges, liabilities3,725661    
Due to related parties8,4158,0451,61311  
Other liabilities414283306   
Other undisclosed current liabilities3,5651,317782   
Total current liabilities:23,00616,22213,0731,9349446
Noncurrent Liabilities
Long-term debt and lease obligation 33 6,000  
Long-term debt, excluding current maturities 33 6,000  
Liabilities, other than long-term debt593340303 3728
Asset retirement obligations593340303   
Due to related parties    3728
Other undisclosed noncurrent liabilities    3535
Total noncurrent liabilities:5933733036,0007162
Total liabilities:23,59916,59513,3767,934165108
Stockholders' equity
Stockholders' equity attributable to parent(10,110)(3,879)4745,003(165)(108)
Common stock421111
Common stock, value, subscriptions  9451  
Additional paid in capital17,52111,1738,8476,9255959
Accumulated deficit(27,637)(15,054)(8,468)(1,975)(225)(169)
Other undisclosed stockholders' equity attributable to parent3     
Total stockholders' equity:(10,110)(3,879)4745,003(165)(108)
TOTAL LIABILITIES AND EQUITY:13,48912,71613,85012,937 0

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
Gross profit:2,3382,567155   
Operating expenses(8,103)(7,277)(5,603)(1,913)(57)(37)
Operating loss:(5,766)(4,709)(5,448)(1,913)(57)(37)
Nonoperating expense(5,292)(1,876)(1,046)(28)  
Interest and debt expense81127548(28)  
Loss from continuing operations before equity method investments, income taxes:(10,247)(6,311)(6,445)(1,969)(57)(37)
Other undisclosed income from continuing operations before income taxes   28  
Net loss:(10,247)(6,311)(6,445)(1,941)(57)(37)
Other undisclosed net loss attributable to parent(811)(275)(48)   
Net loss available to common stockholders, diluted:(11,058)(6,586)(6,494)(1,941)(57)(37)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(10,247)(6,311)(6,445)(1,941)(57)(37)
Comprehensive loss, net of tax, attributable to parent:(10,247)(6,311)(6,445)(1,941)(57)(37)

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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