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)
| 6/30/2015 | 6/30/2014 | 5/31/2013 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 943 | 1,682 | 1,112 | ||
| Cash and cash equivalents | 943 | 1,682 | 1,112 | ||
| Receivables | 1,436 | 3,186 | 6,126 | ||
| Deferred costs | 230 | ||||
| Derivative instruments and hedges, assets | 190 | 37 | 190 | ||
| Other undisclosed current assets | 1,619 | 2,540 | 719 | ||
| Total current assets: | 4,188 | 7,445 | 8,377 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 1,112 | 1,196 | 1,026 | ||
| Oil and gas property, successful effort method | 27,022 | 83,170 | 75,132 | ||
| Long-term investments and receivables | 773 | 4,820 | 4,279 | ||
| Long-term investments | 773 | 4,820 | 4,279 | ||
| Derivative instruments and hedges | 75 | ||||
| Deposits noncurrent assets | 62 | 197 | 465 | ||
| Deferred costs | 632 | 1,101 | 450 | ||
| Other undisclosed noncurrent assets | (238) | (703) | (574) | ||
| Total noncurrent assets: | 29,363 | 89,781 | 80,853 | ||
| TOTAL ASSETS: | 33,551 | 97,226 | 89,230 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 3,174 | 5,750 | 10,491 | ||
| Accounts payable | 1,041 | 3,536 | 9,354 | ||
| Accrued liabilities | 1,552 | 2,035 | 1,137 | ||
| Interest and dividends payable | 581 | 179 | |||
| Debt | (12,400) | (3,808) | |||
| Derivative instruments and hedges, liabilities | 121 | 34 | |||
| Accrued environmental loss contingencies | 2,057 | 2,067 | 1,400 | ||
| Asset retirement obligation | 214 | 228 | |||
| Other undisclosed current liabilities | 25,720 | 1,673 | 8,390 | ||
| Total current liabilities: | 18,551 | 9,825 | 16,735 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 5,189 | 31,601 | 19,800 | ||
| Long-term debt, excluding current maturities | 5,189 | 31,601 | 19,800 | ||
| Liabilities, other than long-term debt | 8,120 | 10,741 | 5,738 | ||
| Asset retirement obligations | 2,931 | 5,531 | 4,751 | ||
| Deferred tax liabilities, net | 409 | 299 | |||
| Accrued environmental loss contingencies | 688 | ||||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 5,189 | 4,801 | |||
| Other undisclosed noncurrent liabilities | (5,139) | (4,801) | |||
| Total noncurrent liabilities: | 8,170 | 37,541 | 25,538 | ||
| Total liabilities: | 26,721 | 47,366 | 42,273 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 3,613 | 43,784 | 41,354 | ||
| Common stock | 1 | 1 | 1 | ||
| Additional paid in capital | 78,105 | 78,105 | 65,536 | ||
| Accumulated deficit | (74,493) | (34,322) | (24,183) | ||
| Stockholders' equity attributable to noncontrolling interest | 3,217 | 6,076 | 5,603 | ||
| Total stockholders' equity: | 6,830 | 49,860 | 46,957 | ||
| TOTAL LIABILITIES AND EQUITY: | 33,551 | 97,226 | 89,230 | ||
Income statement (P&L) ($ in thousands)
| 6/30/2015 | 6/30/2014 | 5/31/2013 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 12,738 | 22,498 | 8,982 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,724) | (3,407) | (1,873) | |
| Gross profit: | 9,014 | 19,091 | 7,109 | |
| Operating expenses | (49,908) | (25,261) | (15,745) | |
| Other undisclosed operating income | 3,724 | 3,407 | 1,873 | |
| 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 taxes | 2,606 | 3,363 | 3,321 | |
| 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 interest | 2,860 | (513) | (682) | |
| Net loss available to common stockholders, diluted: | (40,170) | (9,508) | (12,202) | |
Comprehensive Income ($ in thousands)
| 6/30/2015 | 6/30/2014 | 5/31/2013 | ||
|---|---|---|---|---|
| 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 interest | 2,860 | (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.