Gulfslope Energy Inc (GSPE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1331 LAMAR ST., SUITE 1665 HOUSTON, TX 77010 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 3/31/2023 MRQ | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 63,638 | 135,381 | 1,517,522 | 3,190,418 | 1,138,919 | 5,621,814 | |||
| Cash and cash equivalents | 63,638 | 135,381 | 1,517,522 | 3,190,418 | 1,138,919 | 5,621,814 | |||
| Receivables | 12,925 | 366,173 | 8,493,308 | 6,286,796 | |||||
| Other undisclosed current assets | 31,726 | 33,004 | 54,398 | 84,129 | 137,173 | 32,042 | |||
| Total current assets: | 95,364 | 181,310 | 1,571,920 | 3,640,720 | 9,769,400 | 11,940,652 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 54,768 | ✕ | |||||||
| Property, plant and equipment | 667 | 848 | 1,845 | 6,347 | 13,014 | 14,786 | |||
| Other noncurrent assets | 3,662,231 | 24,785 | |||||||
| Other undisclosed noncurrent assets | 5,306,415 | 5,288,915 | 12,124,720 | 12,372,853 | 17,338,978 | 8,112,784 | |||
| Total noncurrent assets: | 5,307,082 | 5,289,763 | 12,126,565 | 12,433,968 | 21,014,223 | 8,152,355 | |||
| TOTAL ASSETS: | 5,402,446 | 5,471,073 | 13,698,485 | 16,074,688 | 30,783,623 | 20,093,007 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 374,737 | 411,431 | 168,672 | 2,844,900 | 15,029,599 | 9,323,475 | |||
| Interest and dividends payable | ✕ | ✕ | 138,020 | 115,860 | 2,616,008 | ||||
| Accounts payable | 229,968 | 135,391 | 52,812 | 228,892 | 12,747,382 | 7,591,236 | |||
| Accrued liabilities | 144,769 | 138,020 | 2,282,217 | 1,732,239 | |||||
| Debt | 8,976,758 | 9,179,500 | 9,078,826 | 9,307,940 | 10,190,466 | 9,219,500 | |||
| Derivative instruments and hedges, liabilities | 1,018,523 | 959,222 | 1,201,656 | 1,070,551 | 3,534,456 | 271,710 | |||
| Due to related parties | 404,469 | 404,469 | 404,469 | 417,984 | 365,904 | 306,386 | |||
| Other liabilities | 42,746 | 44,723 | |||||||
| Other undisclosed current liabilities | 3,512,343 | 3,036,469 | 2,785,027 | 330,937 | 1,949,360 | 5,313,448 | |||
| Total current liabilities: | 14,286,830 | 13,991,091 | 13,638,650 | 13,972,312 | 31,112,531 | 24,479,242 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 14,286,830 | 13,991,091 | 13,638,650 | 13,972,312 | 31,112,531 | 24,479,242 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (8,884,384) | (8,520,018) | 59,834 | 2,102,376 | (328,908) | (4,386,235) | |||
| Common stock | 1,268,240 | 1,268,240 | 1,268,240 | 1,250,740 | 1,092,266 | 832,013 | |||
| Additional paid in capital | 59,116,487 | 59,116,487 | 58,999,585 | 58,728,308 | 54,160,836 | 36,640,009 | |||
| Accumulated deficit | (69,269,111) | (68,904,745) | (60,207,991) | (57,981,672) | (55,582,010) | (41,858,257) | |||
| Other undisclosed equity, attributable to parent | 105,000 | ||||||||
| Other undisclosed equity | 1 | ||||||||
| Total equity: | (8,884,384) | (8,520,018) | 59,835 | 2,102,376 | (328,908) | (4,386,235) | |||
| TOTAL LIABILITIES AND EQUITY: | 5,402,446 | 5,471,073 | 13,698,485 | 16,074,688 | 30,783,623 | 20,093,007 | |||
Income Statement (P&L) (USD)
| 3/31/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | 1,822,413 | (1,463,538) | (1,505,270) | (1,098,233) | (7,473,246) | (1,220,247) | ||
| Other undisclosed operating loss | (9,986,920) | (6,893,226) | (396,273) | (2,424,885) | ||||
| Operating loss: | (8,164,507) | (8,356,764) | (1,901,543) | (3,523,118) | (7,473,246) | (1,220,247) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 183,499 | 242,434 | (176,281) | 2,659,122 | 677,322 | (136,827) | ||
| Interest and debt expense | (590,228) | (597,424) | (148,495) | (1,552,096) | (5,099,340) | (1,306,972) | ||
| Loss from continuing operations before equity method investments, income taxes: | (8,571,236) | (8,711,754) | (2,226,319) | (2,416,092) | (11,895,264) | (2,664,046) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 15,000 | 15,000 | (1,828,489) | 27,312 | ||||
| Loss from continuing operations: | (8,556,236) | (8,696,754) | (2,226,319) | (2,416,092) | (13,723,753) | (2,636,734) | ||
| Loss before gain (loss) on sale of properties: | (8,191,870) | (8,696,754) | (2,226,319) | (2,416,092) | (13,723,753) | (2,636,734) | ||
| Net loss available to common stockholders, diluted: | (8,556,236) | (8,696,754) | (2,226,319) | (2,416,092) | (13,723,753) | (2,636,734) | ||
Comprehensive Income (USD)
| 3/31/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,556,236) | (8,696,754) | (2,226,319) | (2,416,092) | (13,723,753) | (2,636,734) | ||
| Comprehensive loss, net of tax, attributable to parent: | (8,556,236) | (8,696,754) | (2,226,319) | (2,416,092) | (13,723,753) | (2,636,734) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.