Red Mountain Resources Inc (RDMP) financial statements (2023 and earlier)

Company profile

Business Address 2515 MCKINNEY AVENUE
DALLAS, TX 75201
State of Incorp. TX
Fiscal Year End June 30
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 investments9431,6821,112
Cash and cash equivalents9431,6821,112
Deferred costs  230
Derivative instruments and hedges, assets19037190
Other undisclosed current assets1,6192,540719
Total current assets:4,1887,4458,377
Noncurrent Assets
Property, plant and equipment1,1121,1961,026
Oil and gas property, successful effort method27,02283,17075,132
Long-term investments and receivables7734,8204,279
Long-term investments7734,8204,279
Derivative instruments and hedges  75
Deposits noncurrent assets62197465
Deferred costs6321,101450
Other undisclosed noncurrent assets(238)(703)(574)
Total noncurrent assets:29,36389,78180,853
TOTAL ASSETS:33,55197,22689,230
Current Liabilities
Accounts payable and accrued liabilities3,1745,75010,491
Accounts payable1,0413,5369,354
Accrued liabilities1,5522,0351,137
Interest and dividends payable581179 
Debt(12,400) (3,808)
Derivative instruments and hedges, liabilities 12134
Accrued environmental loss contingencies2,0572,0671,400
Asset retirement obligation 214228
Other undisclosed current liabilities25,7201,6738,390
Total current liabilities:18,5519,82516,735
Noncurrent Liabilities
Long-term debt and lease obligation5,18931,60119,800
Long-term debt, excluding current maturities5,18931,60119,800
Liabilities, other than long-term debt8,12010,7415,738
Asset retirement obligations2,9315,5314,751
Deferred tax liabilities, net 409299
Accrued environmental loss contingencies  688
Financial instruments subject to mandatory redemption, settlement terms, share value, amount5,1894,801 
Other undisclosed noncurrent liabilities(5,139)(4,801) 
Total noncurrent liabilities:8,17037,54125,538
Total liabilities:26,72147,36642,273
Stockholders' equity
Stockholders' equity attributable to parent3,61343,78441,354
Common stock111
Additional paid in capital78,10578,10565,536
Accumulated deficit(74,493)(34,322)(24,183)
Stockholders' equity attributable to noncontrolling interest3,2176,0765,603
Total stockholders' equity:6,83049,86046,957

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:9,01419,0917,109
Operating expenses(49,908)(25,261)(15,745)
Other undisclosed operating income3,7243,4071,873
Operating loss:(37,170)(2,763)(6,763)
Nonoperating expense(5,904)(6,188)(4,757)
Interest and debt expense(2,606)(3,363)(2,989)
Loss from continuing operations before equity method investments, income taxes:(45,680)(12,314)(14,509)
Loss from equity method investments  (332)
Other undisclosed income from continuing operations before income taxes2,6063,3633,321
Loss from continuing operations before income taxes:(43,074)(8,951)(11,520)
Income tax expense (benefit)44(44) 
Net loss:(43,030)(8,995)(11,520)
Net income (loss) attributable to noncontrolling interest2,860(513)(682)
Net loss available to common stockholders, diluted:(40,170)(9,508)(12,202)

Comprehensive Income ($ in thousands)

Net loss:(43,030)(8,995)(11,520)
Comprehensive loss:(43,030)(8,995)(11,520)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2,860(513)682
Comprehensive loss, net of tax, attributable to parent:(40,170)(9,508)(10,838)

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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