Royale Energy, Inc. (ROYL) financial statements (2022 and earlier)
Company profile
| Business Address |
1870 CORDELL COURT, SUITE 210 EL CAJON, CA 92020 |
| 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)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 255 | 1,031 | 1,854 | |||
| Cash and cash equivalents | 255 | 1,031 | 1,854 | |||
| Restricted cash and investments | 2,147 | 2,846 | 4,501 | |||
| Receivables | 667 | 1,779 | 1,728 | |||
| Prepaid expense | 239 | 2,680 | 175 | |||
| Assets held-for-sale, not part of disposal group | 1,529 | |||||
| Other undisclosed current assets | 234 | 377 | ||||
| Total current assets: | 5,071 | 8,712 | 8,258 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 230 | 393 | ✕ | |||
| Property, plant and equipment | 2,541 | 4,591 | 6,407 | |||
| Long-term investments and receivables | 6,186 | 6,584 | ||||
| Long-term investments | 6,186 | 6,584 | ||||
| Other noncurrent assets | 584 | 709 | 510 | |||
| Total noncurrent assets: | 3,354 | 11,878 | 13,501 | |||
| TOTAL ASSETS: | 8,425 | 20,591 | 21,759 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 4,161 | 6,031 | 4,896 | |||
| Accounts payable | 2,265 | 3,107 | 2,590 | |||
| Accrued liabilities | 1,026 | 1,032 | 1,254 | |||
| Employee-related liabilities | 196 | 196 | 232 | |||
| Other undisclosed accounts payable and accrued liabilities | 675 | 1,696 | 820 | |||
| Deferred revenue | 3,128 | 5,233 | ✕ | |||
| Debt | 143 | 218 | 391 | |||
| Asset retirement obligation | 869 | |||||
| Due to related parties | 23 | 32 | 553 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 6,213 | ||
| Other undisclosed current liabilities | 791 | 623 | 2,931 | |||
| Total current liabilities: | 9,115 | 12,137 | 14,983 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 53 | 231 | ||||
| Finance lease, liability | 30 | 41 | ✕ | |||
| Operating lease, liability | 23 | 190 | ✕ | |||
| Liabilities, other than long-term debt | 5,401 | 6,555 | 5,289 | |||
| Accounts payable and accrued liabilities | 1,307 | 1,307 | 1,307 | |||
| Asset retirement obligations | 2,478 | 3,632 | 2,366 | |||
| Other liabilities | 1,616 | 1,616 | 1,616 | |||
| Total noncurrent liabilities: | 5,454 | 6,786 | 5,289 | |||
| Total liabilities: | 14,569 | 18,924 | 20,273 | |||
| Temporary equity, carrying amount | 22,216 | |||||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | (28,361) | 1,667 | 1,487 | |||
| Preferred stock | 21,453 | 20,719 | ||||
| Common stock | 55 | 52 | ||||
| Additional paid in capital | 53,883 | 53,550 | 53,023 | |||
| Accumulated deficit | (82,299) | (73,388) | (72,305) | |||
| Other undisclosed stockholders' equity attributable to parent | 49 | |||||
| Total stockholders' equity: | (28,361) | 1,667 | 1,487 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,425 | 20,591 | 21,759 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|
| Revenues | 1,588 | 2,967 | 3,283 | ||
| Cost of revenue | (2,717) | (3,991) | (4,921) | ||
| Gross profit: | (1,130) | (1,023) | (1,638) | ||
| Operating expenses | (3,245) | (2,732) | (4,125) | ||
| Other undisclosed operating income | 1,700 | 2,910 | 2,559 | ||
| Operating loss: | (2,674) | (845) | (3,204) | ||
| Interest and debt expense | 153 | 877 | 110 | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (5,627) | (380) | (20,410) | ||
| Loss from continuing operations before equity method investments, income taxes: | (8,148) | (348) | (23,504) | ||
| Loss from equity method investments | (6,186) | ||||
| Loss before gain (loss) on sale of properties: | (14,334) | (348) | (23,504) | ||
| Other undisclosed net income | 6,186 | ||||
| Net loss: | (8,148) | (348) | (23,504) | ||
| Net loss attributable to noncontrolling interest | (6,186) | ||||
| Other undisclosed net income attributable to parent | 6,186 | ||||
| Net loss attributable to parent: | (8,148) | (348) | (23,504) | ||
| Preferred stock dividends and other adjustments | (763) | (735) | (595) | ||
| Net loss available to common stockholders, diluted: | (8,911) | (1,083) | (24,099) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|
| Net loss: | (8,148) | (348) | (23,504) | ||
| Comprehensive loss, net of tax, attributable to parent: | (8,148) | (348) | (23,504) | ||
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.