Houston American Energy Corporation (HUSA) financial statements (2022 and earlier)

Company profile

Business Address 801 TRAVIS STREET, SUITE 1425
HOUSTON, TX 77002
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8951,243987563924812,124
Cash and cash equivalents4,8951,243987563924812,124
Receivables2159680136348  
Other undisclosed current assets8536406644300
Total current assets:5,1951,3742189587434852,424
Noncurrent Assets
Operating lease, right-of-use asset273194281
Property, plant and equipment4,8085,0116,3706,8616,8142,4573,133
Other noncurrent assets3333333
Other undisclosed noncurrent assets456260197    
Total noncurrent assets:5,5395,4686,8516,8656,8172,4603,136
TOTAL ASSETS:10,7346,8427,0697,8237,5602,9455,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities85121271631526140
Accounts payable70120270621275023
Accrued liabilities15101251116
Debt  98    
Due to related parties  598    
Other undisclosed current liabilities57111     
Total current liabilities:142232966631526140
Noncurrent Liabilities
Long-term debt and lease obligation212108219    
Operating lease, liability212108219
Liabilities, other than long-term debt68644483852725
Deferred revenue and credits49  
Deferred rent credit   44
Asset retirement obligations68644439362725
Total noncurrent liabilities:28017226483852725
Total liabilities:4224031,2301452378965
Stockholders' equity
Stockholders' equity attributable to parent, including:10,3126,4395,8397,6777,3242,8565,495
Preferred stock    0  
Preferred stock, shares subscribed but unissued, subscriptions receivable  (59)    
Common stock1076662595252
Treasury stock, value     (174)38
Additional paid in capital83,34578,45473,81773,08472,48266,15966,020
Accumulated deficit(73,043)(72,022)(67,985)(65,469)(65,218)(63,180) 
Other undisclosed stockholders' equity attributable to parent 000  (60,615)
Total stockholders' equity:10,3126,4395,8397,6777,3242,8565,495
TOTAL LIABILITIES AND EQUITY:10,7346,8427,0697,8237,5602,9455,560

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3305529982,357630166429
Revenue, net630166429
Cost of revenue
(Cost of Goods and Services Sold)
    (216)(97)(148)
Gross profit:1,3305529982,35741469281
Operating expenses(2,364)(4,735)(3,332)(2,695)(2,507)(2,815)(4,164)
Other undisclosed operating income    21697148
Operating loss:(1,034)(4,183)(2,334)(338)(1,876)(2,649)(3,735)
Nonoperating income (expense)13146(182)87(161)7(77)
Investment income, nonoperating1313200721
Foreign currency transaction loss, before tax      (97)
Other nonoperating income 165 8710  
Interest and debt expense(0)(32)(184) (172)  
Loss from continuing operations before equity method investments, income taxes:(1,022)(4,069)(2,700)(251)(2,209)(2,642)(3,811)
Other undisclosed income from continuing operations before income taxes032184 172  
Loss from continuing operations before income taxes:(1,022)(4,037)(2,516)(251)(2,038)(2,642)(3,811)
Income tax expense      (19)
Net loss attributable to parent:(1,022)(4,037)(2,516)(251)(2,038)(2,642)(3,830)
Other undisclosed net loss available to common stockholders, basic(37)(232)(230)(239)   
Net loss available to common stockholders, diluted:(1,059)(4,269)(2,746)(490)(2,038)(2,642)(3,830)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1,022)(4,037)(2,516)(251)(2,038)(2,642)(3,830)
Comprehensive loss, net of tax, attributable to parent:(1,022)(4,037)(2,516)(251)(2,038)(2,642)(3,830)

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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