New Western Energy Corp (NWTR) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1140 SPECTRUM
IRVINE, CA 92618
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments111,5235
Cash and cash equivalents111,5235
Inventory, net of allowances, customer advances and progress billings23
Prepaid expense and other current assets30
Other undisclosed current assets(1,022)(691) 
Total current assets:2111,66748
Noncurrent Assets
Property, plant and equipment21120298
Oil and gas property, successful effort method  865
Oil and gas property, full cost method2491,459 
Other noncurrent assets22
Other undisclosed noncurrent assets26280105
Total noncurrent assets:4871,9431,068
TOTAL ASSETS:6983,6091,116
Current Liabilities
Accounts payable and accrued liabilities35413854
Accounts payable716825
Accrued liabilities1407029
Interest and dividends payable143  
Asset retirement obligation4  
Due to related parties0  
Other undisclosed current liabilities2871,70243
Total current liabilities:1,8181,884474
Noncurrent Liabilities
Long-term debt and lease obligation 791 
Long-term debt, excluding current maturities 791 
Other undisclosed noncurrent liabilities413023
Total noncurrent liabilities:492223
Total liabilities:1,8222,806497
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,124)803620
Preferred stock0  
Common stock877
Additional paid in capital7,1305,7523,376
Accumulated deficit(8,526)(5,468)(2,763)
Warrants and rights outstanding291912 
Other undisclosed stockholders' equity attributable to parent(27)(400) 
Stockholders' equity attributable to noncontrolling interest264512 
Other undisclosed stockholders' equity(528)(1,024) 
Total stockholders' equity:(1,388)292620
Other undisclosed liabilities and equity264512 

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

Revenue, net 115 
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:(927)(287)(10)
Operating expenses(3,359)(1,787)(1,441)
Other operating income (expense), net
(Other Expenses)
Other undisclosed operating income  2,786
Operating income (loss):(4,021)(3,245)1,347
Nonoperating income (expense)
(gain on Sale of Capital Leases, Net)
Interest and debt expense1,405441(12)
Income (loss) from continuing operations before equity method investments, income taxes:(2,616)(2,726)1,335
Other undisclosed loss from continuing operations before income taxes (117) 
Income (loss) from continuing operations before income taxes:(2,616)(2,844)1,335
Income tax expense(2)(1)(1)
Income (loss) before gain (loss) on sale of properties:(2,618)(2,844)1,334
Other undisclosed net income (loss) 139(2,681)
Net loss:(2,618)(2,705)(1,347)
Net income (loss) attributable to noncontrolling interest248(650) 
Other undisclosed net loss attributable to parent(908)  
Net loss attributable to parent:(3,278)(3,355)(1,347)
Other undisclosed net loss available to common stockholders, basic(27)  
Net loss available to common stockholders, basic:(3,306)(3,355)(1,347)
Other undisclosed net income available to common stockholders, diluted248  
Net loss available to common stockholders, diluted:(3,058)(3,355)(1,347)

Comprehensive Income ($ in thousands)

Net loss:(2,618)(2,705)(1,347)
Comprehensive loss:(2,618)(2,705)(1,347)
Comprehensive income, net of tax, attributable to noncontrolling interest248650 
Comprehensive loss, net of tax, attributable to parent:(2,370)(2,055)(1,347)

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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