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 investments | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cash and cash equivalents | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Receivables | 0 | 0 | 0 | 0 | 0 | |||
| Inventory, net of allowances, customer advances and progress billings | 0 | ✕ | ||||||
| Inventory | 0 | |||||||
| Prepaid expense | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed current assets | 0 | 0 | 0 | 0 | ||||
| Total current assets: | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Oil and gas property, successful effort method | 1 | 1 | 1 | 2 | ||||
| Intangible assets, net (including goodwill) | 3 | 18 | ✕ | |||||
| Goodwill | 0 | |||||||
| Intangible assets, net (excluding goodwill) | 3 | 18 | ||||||
| Deferred costs | 0 | 0 | ||||||
| Other undisclosed noncurrent assets | (0) | 0 | (0) | (0) | (0) | |||
| Total noncurrent assets: | 4 | 18 | 1 | 1 | 1 | 2 | ||
| TOTAL ASSETS: | 4 | 18 | 1 | 1 | 1 | 2 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1 | 1 | 1 | 2 | 1 | 1 | ||
| Accounts payable | 1 | 1 | 0 | 2 | 1 | 0 | ||
| Accrued liabilities | 0 | 1 | 1 | 0 | 0 | |||
| Debt | 1 | 1 | 1 | 1 | ||||
| Asset retirement obligation | 0 | 0 | 0 | |||||
| Due to related parties | 1 | 1 | ||||||
| Other liabilities | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed current liabilities | 0 | 1 | 1 | 0 | 0 | |||
| Total current liabilities: | 3 | 2 | 3 | 4 | 3 | 1 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 0 | |||||||
| Long-term debt, excluding current maturities | 0 | |||||||
| Liabilities, other than long-term debt | 0 | 0 | 0 | 0 | ||||
| Asset retirement obligations | 0 | 0 | 0 | 0 | ||||
| Total noncurrent liabilities: | 0 | 0 | 0 | 0 | 0 | |||
| Total liabilities: | 3 | 2 | 3 | 4 | 3 | 1 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 1 | 16 | (10) | (9) | (5) | 2 | ||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | (0) | (5) | ||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 96 | 88 | 36 | 36 | 35 | 34 | ||
| Accumulated deficit | (94) | (67) | (46) | (44) | (40) | (37) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 4 | |||||
| Stockholders' equity attributable to noncontrolling interest | 8 | 6 | 4 | 4 | ||||
| Other undisclosed stockholders' equity | (4) | |||||||
| Total stockholders' equity: | 1 | 16 | (2) | (3) | (1) | 2 | ||
| TOTAL LIABILITIES AND EQUITY: | 4 | 18 | 1 | 1 | 1 | 2 | ||
Income statement (P&L) ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1 | 0 | 1 | 1 | 1 | ||
| Revenue, net | ✕ | 0 | 1 | 1 | 1 | ||
| 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 | 1 | 4 | 1 | ||||
| Operating loss: | (27) | (2) | (2) | (5) | (6) | (2) | |
| Nonoperating income (expense) | (0) | (0) | (0) | 1 | 2 | 0 | |
| Interest and debt expense | (0) | (0) | (0) | (0) | (0) | (0) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 0 | 0 | 0 | 0 | |
| Loss from continuing operations before income taxes: | (28) | (3) | (2) | (5) | (4) | (2) | |
| Income tax benefit | 0 | ||||||
| Loss from continuing operations: | (27) | (3) | (2) | (5) | (4) | (2) | |
| Income (loss) from discontinued operations | 0 | (18) | |||||
| Net loss: | (27) | (21) | (2) | (5) | (4) | (2) | |
| Net income attributable to noncontrolling interest | 0 | 1 | 1 | 0 | |||
| 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 | 0 | 1 | (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.