Gulfslope Energy Inc (GSPE) financial statements (2022 and earlier)

Company profile

Business Address 1331 LAMAR ST., SUITE 1665
HOUSTON, TX 77010
State of Incorp. DE
Fiscal Year End September 30
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9241,5183,1901,1395,622664
Cash and cash equivalents9241,5183,1901,1395,622664
Receivables  3668,4936,287 63
Other undisclosed current assets2735484137324138
Total current assets:1,1971,5723,6419,76911,94147166
Noncurrent Assets
Operating lease, right-of-use asset  55 
Property, plant and equipment1261315324
Oil and gas property, full cost method     1,8884,526
Other noncurrent assets   3,66225  
Other undisclosed noncurrent assets12,17012,12512,37317,3398,113  
Total noncurrent assets:12,17212,12712,43421,0148,1521,8914,550
TOTAL ASSETS:13,36913,69816,07530,78420,0931,9384,716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2601692,84515,0309,3231,7941,239
Accounts payable1385322912,7477,591476426
Accrued liabilities   2,2821,7321,318812
Interest and dividends payable1211162,616    
Debt8,9249,0799,30810,1909,2209,1598,387
Derivative instruments and hedges, liabilities1,1211,2021,0713,534272  
Due to related parties404404418366306298266
Other liabilities   4345  
Other undisclosed current liabilities3,0732,7853311,9495,3132,0031,518
Total current liabilities:13,78213,63913,97231,11324,47913,25511,409
Noncurrent Liabilities
Total liabilities:13,78213,63913,97231,11324,47913,25511,409
Stockholders' equity
Stockholders' equity attributable to parent, including:(413)602,102(329)(4,386)(11,317)(6,693)
Common stock1,2681,2681,2511,092832692682
Additional paid in capital59,03159,00058,72854,16136,64027,21326,151
Accumulated deficit(60,713)(60,208)(57,982)(55,582)(41,858)(39,222)(33,527)
Other undisclosed stockholders' equity attributable to parent  105    
Other undisclosed stockholders' equity 0     
Total stockholders' equity:(413)602,102(329)(4,386)(11,317)(6,693)
TOTAL LIABILITIES AND EQUITY:13,36913,69816,07530,78420,0931,9384,716

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Operating expenses(1,570)(1,505)(1,098)(7,473)(1,220)(4,281)(4,547)
Other undisclosed operating loss(396)(396)(2,425)    
Operating loss:(1,966)(1,902)(3,523)(7,473)(1,220)(4,281)(4,547)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(148)(176)2,659677(137)  
Interest and debt expense(423)(148)(1,552)(5,099)(1,307)(1,414)(629)
Loss from continuing operations before equity method investments, income taxes:(2,537)(2,226)(2,416)(11,895)(2,664)(5,694)(5,176)
Other undisclosed income (loss) from continuing operations before income taxes165  (1,828)27  
Net loss available to common stockholders, diluted:(2,373)(2,226)(2,416)(13,724)(2,637)(5,694)(5,176)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net loss:(2,373)(2,226)(2,416)(13,724)(2,637)(5,694)(5,176)
Comprehensive loss, net of tax, attributable to parent:(2,373)(2,226)(2,416)(13,724)(2,637)(5,694)(5,176)

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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