Victory Oilfield Tech, Inc. (VYEY) financial statements (2020 and earlier)

Company profile

Business Address 3355 BEE CAVES ROAD
AUSTIN, TX 78746
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 millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000000
Cash and cash equivalents000000
Receivables0 0000
Inventory, net of allowances, customer advances and progress billings0    
Inventory0     
Prepaid expense 00000
Other undisclosed current assets0  000
Total current assets:100000
Noncurrent Assets
Property, plant and equipment100000
Oil and gas property, successful effort method  1112
Intangible assets, net (including goodwill)318   
Goodwill0     
Intangible assets, net (excluding goodwill)318    
Deferred costs   00 
Other undisclosed noncurrent assets (0)0(0)(0)(0)
Total noncurrent assets:4181112
TOTAL ASSETS:4181112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111211
Accounts payable110210
Accrued liabilities 01100
Debt1 111 
Asset retirement obligation  000 
Due to related parties11    
Other liabilities 00000
Other undisclosed current liabilities0 1100
Total current liabilities:323431
Noncurrent Liabilities
Long-term debt and lease obligation0     
Long-term debt, excluding current maturities0     
Liabilities, other than long-term debt  0000
Asset retirement obligations  0000
Total noncurrent liabilities:0 0000
Total liabilities:323431
Stockholders' equity
Stockholders' equity attributable to parent, including:116(10)(9)(5)2
Preferred stock, shares subscribed but unissued, subscriptions receivable(0)(5)    
Common stock000000
Additional paid in capital968836363534
Accumulated deficit(94)(67)(46)(44)(40)(37)
Other undisclosed stockholders' equity attributable to parent00   4
Stockholders' equity attributable to noncontrolling interest  8644
Other undisclosed stockholders' equity     (4)
Total stockholders' equity:116(2)(3)(1)2
TOTAL LIABILITIES AND EQUITY:4181112

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1 0111
Revenue, net 0111
Cost of revenue(1)(0)(0)(2)(4)(1)
Cost of goods and services sold  (0)(2)(4)(1)
Gross profit:1(0)0(1)(4)(1)
Operating expenses(28)(2)(2)(5)(7)(3)
Other undisclosed operating income   141
Operating loss:(27)(2)(2)(5)(6)(2)
Nonoperating income (expense)(0)(0)(0)120
Interest and debt expense(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes000000
Loss from continuing operations before income taxes:(28)(3)(2)(5)(4)(2)
Income tax benefit0     
Loss from continuing operations:(27)(3)(2)(5)(4)(2)
Income (loss) from discontinued operations0(18)    
Net loss:(27)(21)(2)(5)(4)(2)
Net income attributable to noncontrolling interest  0110
Net loss available to common stockholders, diluted:(27)(21)(2)(4)(3)(2)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(27)(21)(2)(5)(4)(2)
Comprehensive loss:(27)(21)(2)(5)(4)(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  01(1)(0)
Comprehensive loss, net of tax, attributable to parent:(27)(21)(2)(4)(5)(3)

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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