Osage Exploration & Development Inc (OSGE) financial statements (2023 and earlier)

Company profile

Business Address 2445 FIFTH AVE #310
SAN DIEGO, CA 92101
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0552,783486
Cash and cash equivalents5,0552,783486
Receivables3,5962,769486
Prepaid expense 597
Deferred costs1,0101,8292,924
Derivative instruments and hedges, assets1,117  
Prepaid expense and other current assets83
Other undisclosed current assets120  
Total current assets:10,8977,9783,980
Noncurrent Assets
Property, plant and equipment23,10624,74210,589
Oil and gas property, successful effort method62,11625,031 
Oil and gas property, full cost method21,014  
Long-term investments and receivables  6
Accounts and financing receivable, after allowance for credit loss  6
Restricted cash and investments896  
Other undisclosed noncurrent assets(83,130)(24,123)157
Total noncurrent assets:24,00225,65110,752
TOTAL ASSETS:34,90033,62914,732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,9896741,624
Accounts payable16,949556237
Accrued liabilities1,040611,329
Taxes payable 5658
Debt25,04620,0003,000
Derivative instruments and hedges, liabilities 266 
Other undisclosed current liabilities4,075  
Total current liabilities:47,11020,9404,624
Noncurrent Liabilities
Long-term debt and lease obligation50  
Capital lease obligations50  
Liabilities, other than long-term debt6950
Asset retirement obligations640
Derivative instruments and hedges, liabilities 92 
Other undisclosed noncurrent liabilities  2,229
Total noncurrent liabilities:56952,229
Total liabilities:47,16721,0356,853
Stockholders' equity
Stockholders' equity attributable to parent(12,267)12,5947,879
Common stock655
Additional paid in capital26,55216,90316,371
Accumulated other comprehensive loss  (327)
Accumulated deficit(38,729)(4,219)(8,075)
Receivable from shareholders or affiliates for issuance of capital stock(95)(95)(95)
Total stockholders' equity:(12,267)12,5947,879
TOTAL LIABILITIES AND EQUITY:34,90033,62914,732

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

12/31/2014
12/31/2013
12/31/2012
Revenues12,6798,0296,120
Revenue, net12,6798,0294,310
Cost of revenue
(Cost of Goods and Services Sold)
(1,935)(1,548)(1,813)
Other undisclosed gross profit  (1,122)
Gross profit:10,7436,4813,185
Operating expenses(49,443)(6,482)(5,251)
Other undisclosed operating income7,3951,5482,935
Operating income (loss):(31,305)1,547870
Nonoperating income
(Investment Income, Nonoperating)
9226
Interest and debt expense(4,469)(4,566)(1,390)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (22)
Loss from continuing operations before equity method investments, income taxes:(35,764)(3,017)(517)
Other undisclosed income (loss) from continuing operations before income taxes1,254(496) 
Loss from continuing operations before income taxes:(34,510)(3,513)(517)
Income tax expense (benefit)10,855(2)(198)
Other undisclosed loss from continuing operations(10,855)  
Loss from continuing operations:(34,510)(3,515)(714)
Income from discontinued operations 7,370 
Net income (loss):(34,510)3,855(714)
Other undisclosed net income attributable to parent  198
Net income (loss) available to common stockholders, basic:(34,510)3,855(517)
Dilutive securities, effect on basic earnings per share 1,663 
Net income (loss) available to common stockholders, diluted:(34,510)5,518(517)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(34,510)3,855(714)
Comprehensive income (loss):(34,510)3,855(714)
Other undisclosed comprehensive income, net of tax, attributable to parent 24176
Comprehensive income (loss), net of tax, attributable to parent:(34,510)3,879(538)

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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