Texas South Energy, Inc. (TXSO) financial statements (2021 and earlier)

Company profile

Business Address 3 RIVERWAY
HOUSTON, TX 77056
State of Incorp. NV
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)

12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,50205032371,034374
Cash and cash equivalents1,5020503284374
Short-term investments   235950 
Receivables1,267347   
Prepaid expense3330214 11
Other undisclosed current assets    8,200 
Total current assets:2,802335712419,234385
Noncurrent Assets
Property, plant and equipment14,12311,812    
Oil and gas property, full cost method  10,20610,376370 
Other noncurrent assets88    
Total noncurrent assets:14,13111,82010,20610,376370 
TOTAL ASSETS:16,93311,85410,77710,6179,604385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,7741,06741919712428
Accounts payable4,740160205  
Accrued liabilities3477399192283,030
Employee-related liabilities 830    
Other undisclosed accounts payable and accrued liabilities    97(3,003)
Debt10101,7001,100964 
Due to related parties 1052705252
Other undisclosed current liabilities2,10563516475283,030
Total current liabilities:6,8891,7212,1871,8431,1683,110
Noncurrent Liabilities
Long-term debt and lease obligation 1,118 700  
Long-term debt, excluding current maturities 1,118 700  
Liabilities, other than long-term debt40654    
Accounts payable and accrued liabilities 404    
Asset retirement obligations40     
Due to related parties 250    
Other undisclosed noncurrent liabilities2,099970    
Total noncurrent liabilities:2,1392,742 700  
Total liabilities:9,0284,4632,1872,5431,1683,110
Stockholders' equity
Stockholders' equity attributable to parent, including:7,9057,3908,5908,0758,437(2,725)
Common stock998822542362362198
Additional paid in capital22,89419,44516,65013,23313,232(134)
Accumulated other comprehensive income (loss)   (33)682 
Accumulated deficit(15,988)(12,877)(8,603)(6,785)  
Other undisclosed stockholders' equity attributable to parent   1,297(5,839)(2,789)
Total stockholders' equity:7,9057,3908,5908,0758,437(2,725)
TOTAL LIABILITIES AND EQUITY:16,93311,85410,77710,6179,604385

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

12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Financial services revenue (218)   
Gross profit:  7   
Operating expenses(2,970)(3,676)(1,225)(759)(1,828)(3,907)
Other undisclosed operating income    2,4524,207
Operating income (loss):(2,970)(3,676)(1,217)(759)624300
Nonoperating expense(140)(166)    
Other nonoperating income1244    
Interest and debt expense1042(382)(186)(48)(3)
Net income (loss):(3,101)(3,800)(1,600)(946)576297
Other undisclosed net loss attributable to parent(10)(42)(218) (2,452)(4,204)
Net loss available to common stockholders, diluted:(3,111)(3,842)(1,818)(946)(1,876)(3,907)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net income (loss):(3,101)(3,800)(1,600)(946)576297
Other undisclosed comprehensive loss  (218)(715)(1,770) 
Comprehensive income (loss), net of tax, attributable to parent:(3,101)(3,800)(1,818)(1,661)(1,194)297

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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