Heavy Earth Resources Inc (SWGP) financial statements (2021 and earlier)

Company profile

Business Address 1890 BRYANT ST.
SAN FRANCISCO, CA 94110
State of Incorp. FL
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1281
Cash and cash equivalents1178
Short-term investments 103
Receivables2 
Inventory, net of allowances, customer advances and progress billings45
Inventory 45
Prepaid expense and other current assets1
Other undisclosed current assets 1,415
Total current assets:31,743
Noncurrent Assets
Property, plant and equipment 269
Other undisclosed noncurrent assets 11,024
Total noncurrent assets: 11,293
TOTAL ASSETS:313,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4306,457
Other undisclosed accounts payable and accrued liabilities1,4306,457
Due to related parties379 
Other undisclosed current liabilities 59
Total current liabilities:1,8096,516
Noncurrent Liabilities
Long-term debt and lease obligation2,5001,500
Long-term debt, excluding current maturities2,5001,500
Total noncurrent liabilities:2,5001,500
Total liabilities:4,3098,016
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,306)5,020
Common stock7171
Additional paid in capital21,80321,540
Accumulated other comprehensive loss (1,697)
Retained earnings (accumulated deficit)(26,394)14,894
Other undisclosed stockholders' equity attributable to parent214(29,789)
Total stockholders' equity:(4,306)5,020
TOTAL LIABILITIES AND EQUITY:313,036

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

12/31/2013
12/31/2012
Gross profit:(59)(108)
Operating expenses(1,949)(8,784)
Other undisclosed operating income59434
Operating loss:(1,949)(8,457)
Nonoperating expense(13,577)(1,500)
Investment income, nonoperating(7,420) 
Foreign currency transaction gain, before tax1,697730
Debt instrument, convertible, beneficial conversion feature 1,500
Other nonoperating expense(7,854)(768)
Interest and debt expense(375)(87)
Other undisclosed income from continuing operations before equity method investments, income taxes6,098 
Loss from continuing operations:(9,803)(10,045)
Loss from discontinued operations (8,457)
Net loss:(9,803)(18,502)
Other undisclosed net income attributable to parent 10,045
Net loss available to common stockholders, diluted:(9,803)(8,457)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(9,803)(18,502)
Other comprehensive income 9,750
Comprehensive loss, net of tax, attributable to parent:(9,803)(8,752)

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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