Sino American Oil Co (OILY) Financial Statements (2024 and earlier)

Company Profile

Business Address 2123 PIONEER AVE
CHEYENNE, WY 82001
State of Incorp. WY
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  10
Cash and cash equivalents  10
Total current assets:  10
Noncurrent Assets
TOTAL ASSETS:  10
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities383,917330,317181,053
Interest and dividends payable2,095
Accounts payable158,917105,31743,958
Accrued liabilities225,000225,000135,000
Debt199,492199,492167,644
Deferred compensation liability20,00020,00020,000
Due to related parties 225,000225,000135,000
Other undisclosed current liabilities107,033100,74631,592
Total current liabilities:935,442875,555535,289
Noncurrent Liabilities
Total liabilities:935,442875,555535,289
Equity
Equity, attributable to parent, including:(935,442)(875,555)(535,279)
Preferred stock   493
Common stock13,45813,46611,394
Additional paid in capital7,196,6577,196,6492,091,470
Accumulated deficit(3,165,557)(3,105,670)(2,658,636)
Other undisclosed equity, attributable to parent(4,980,000)(4,980,000)20,000
Total equity:(935,442)(875,555)(535,279)
TOTAL LIABILITIES AND EQUITY:  10

Income Statement (P&L) (USD)

3/31/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
Operating expenses(378,699)(443,912)(736,644)
Other undisclosed operating income 11,906  
Operating loss:(366,793)(443,912)(736,644)
Nonoperating income (expense)(3,122)(3,122)117,267
Interest and debt expense(3,122)(3,122)(2,095)
Loss from continuing operations before equity method investments, income taxes:(373,037)(450,156)(621,472)
Other undisclosed income (loss) from continuing operations before income taxes3,9093,122 
Loss from continuing operations:(369,128)(447,034)(621,472)
Loss before gain (loss) on sale of properties:(174,228)(621,472)
Other undisclosed net income (loss)(10,287) 2,095
Net loss:(379,415)(447,034)(619,377)
Other undisclosed net loss attributable to parent(2,335)  
Net loss available to common stockholders, diluted:(381,750)(447,034)(619,377)

Comprehensive Income (USD)

3/31/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
Net loss:(379,415)(447,034)(619,377)
Comprehensive loss, net of tax, attributable to parent:(379,415)(447,034)(619,377)

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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