AMERICAN NOBLE GAS, INC. (IFNY) Financial Statements (2024 and earlier)

Company Profile

Business Address 15612 COLLEGE BLVD.
LENEXA, KS 66219
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1026111216
Cash and cash equivalents1026111216
Receivables4711    
Prepaid expense1313    
Other undisclosed current assets   75   
Total current assets:7028586216
Noncurrent Assets
Property, plant and equipment89821    
Oil and gas property, full cost method 900     
Other undisclosed noncurrent assets201     
Total noncurrent assets:1,190821    
TOTAL ASSETS:1,2601,10686216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5472,1364,97610,39810,2519,943
Interest and dividends payable148529510393
Accounts payable1,3889761,1906,0916,0416,005
Accrued liabilities1,1591,1593,7383,7783,7003,544
Debt   2191,1043,5353,371
Derivative instruments and hedges, liabilities577     
Asset retirement obligation   1,7161,7161,7161,716
Deferred tax liabilities 150
Other undisclosed current liabilities1,634376    
Total current liabilities:4,7582,5126,91013,21815,50215,180
Noncurrent Liabilities
Long-term debt and lease obligation2929    
Long-term debt, excluding current maturities2929    
Liabilities, other than long-term debt1,7321,73001661,820
Asset retirement obligations1,7321,730   1,716
Derivative instruments and hedges, liabilities   0166104
Other undisclosed noncurrent liabilities      13,464
Total noncurrent liabilities:1,7611,759016615,285
Total liabilities:6,5194,2716,91113,21915,56730,465
Equity
Equity, attributable to parent(5,259)(3,165)(6,824)(13,217)(15,566)(15,278)
Preferred stock 00    
Common stock222111
Additional paid in capital117,369115,523110,352109,584109,080109,080
Accumulated deficit(122,630)(118,690)(117,179)(122,802)(124,647)(124,359)
Other undisclosed equity, attributable to parent      
Total equity:(5,259)(3,165)(6,824)(13,217)(15,566)(15,278)
Other undisclosed liabilities and equity      (15,180)
TOTAL LIABILITIES AND EQUITY:1,2601,10686216

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11779    
Cost of revenue
(Cost of Goods and Services Sold)
  (1,108)    
Gross profit:117(1,029)    
Operating expenses(2,818)(1,662)(316)(419)(209)(469)
Other undisclosed operating income  1,108    
Operating loss:(2,701)(1,583)(316)(419)(209)(469)
Nonoperating income (expense)(1,239)(21)5,9402,264(229)(1,942)
Investment income, nonoperating   4,840 39 
Debt instrument, convertible, beneficial conversion feature    2,197  
Other nonoperating expense      (1,942)
Interest and debt expense(914)876,1502,446(117)(116)
Other undisclosed income from continuing operations before equity method investments, income taxes     117116
Income (loss) from continuing operations before equity method investments, income taxes:(4,854)(1,517)11,7744,290(438)(2,411)
Other undisclosed income (loss) from continuing operations before income taxes914(87)(6,150)(2,446)  
Income (loss) from continuing operations before income taxes:(3,940)(1,604)5,6241,845(438)(2,411)
Income tax benefit     150 
Income (loss) from continuing operations:(3,940)(1,604)5,6241,845(288)(2,411)
Income (loss) before gain (loss) on sale of properties:(1,604)5,6241,845(288)(2,411)
Net income (loss) attributable to parent:(3,940)(1,604)5,6241,845(288)(2,411)
Preferred stock dividends and other adjustments(232)(174)    
Net income (loss) available to common stockholders, diluted:(4,172)(1,778)5,6241,845(288)(2,411)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(3,940)(1,604)5,6241,845(288)(2,411)
Comprehensive income (loss), net of tax, attributable to parent:(3,940)(1,604)5,6241,845(288)(2,411)

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.

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