|
Q4 FY2023
As of Feb 28, 2023
|
Q3 FY2023
As of Nov 30, 2022
|
Q2 FY2023
As of Aug 31, 2022
|
Q1 FY2023
As of May 31, 2022
|
Q4 FY2022
As of Feb 28, 2022
|
Q3 FY2022
As of Nov 30, 2021
|
Q2 FY2022
As of Aug 31, 2021
|
Q1 FY2022
As of May 31, 2021
|
Q4 FY2021
As of Feb 28, 2021
|
Q3 FY2021
As of Nov 30, 2020
|
Q2 FY2021
As of Aug 31, 2020
|
Q1 FY2021
As of May 31, 2020
|
Q4 FY2020
As of Feb 29, 2020
|
Q3 FY2020
As of Nov 30, 2019
|
Q2 FY2020
As of Aug 31, 2019
|
Q1 FY2020
As of May 31, 2019
|
Q4 FY2019
As of Feb 28, 2019
|
Q3 FY2019
As of Nov 30, 2018
|
Q2 FY2019
As of Aug 31, 2018
|
Q1 FY2019
As of May 31, 2018
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||||||||||
| CURRENT ASSETS: | ||||||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Restricted cash | ||||||||||||||||||||
| Accounts receivable: | ||||||||||||||||||||
| Crude oil and natural gas sales receivables | ||||||||||||||||||||
| Joint interest participants | ||||||||||||||||||||
| Prepaid expenses and other current assets | ||||||||||||||||||||
| Total current assets | ||||||||||||||||||||
| OIL AND GAS PROPERTIES, successful efforts method, net | ||||||||||||||||||||
| Proved developed properties | ||||||||||||||||||||
| Unproved properties | ||||||||||||||||||||
| Prepaid drilling costs | ||||||||||||||||||||
| Operating lease, right-of-use asset | ||||||||||||||||||||
| Vehicles and Equipment, net | ||||||||||||||||||||
| Goodwill – crude oil and natural gas properties | ||||||||||||||||||||
| Total long-term assets | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||||||||||||||||||||
| CURRENT LIABILITIES: | ||||||||||||||||||||
| Accounts payable and other accrued liabilities | ||||||||||||||||||||
| Accounts payable – related parties | ||||||||||||||||||||
| Revenue payable | ||||||||||||||||||||
| Accrued interest | ||||||||||||||||||||
| Accrued expenses | ||||||||||||||||||||
| Note payable | ||||||||||||||||||||
| Note payable, related party | ||||||||||||||||||||
| Note payable – related party, current, net of unamortized discount of $728 and $729, respectively | ||||||||||||||||||||
| Convertible Note payable, related party | ||||||||||||||||||||
| 12% Note payable | ||||||||||||||||||||
| 12% Note payable, related party | ||||||||||||||||||||
| Operating lease liability | ||||||||||||||||||||
| 12% Notes payable – related party | ||||||||||||||||||||
| 12% Note payable - related party | ||||||||||||||||||||
| Line of credit | ||||||||||||||||||||
| Production revenue payable, current, net of unamortized discount | ||||||||||||||||||||
| Paycheck protection program (PPP) loan | ||||||||||||||||||||
| Total current liabilities | ||||||||||||||||||||
| LONG TERM LIABILITIES: | ||||||||||||||||||||
| Note payable | ||||||||||||||||||||
| Paycheck protection program (PPP) second-draw loan | ||||||||||||||||||||
| Note payable, related party | ||||||||||||||||||||
| Note payable – related party, net of current portion and net of unamortized discount of $8,620 and $9,350, respectively | ||||||||||||||||||||
| Production revenue payable, net of current portion and net of unamortized discount | ||||||||||||||||||||
| Operating lease liability, long-term | ||||||||||||||||||||
| Asset retirement obligation | ||||||||||||||||||||
| Total long-term liabilities | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
| STOCKHOLDERS’ EQUITY (DEFICIT): | ||||||||||||||||||||
| Preferred stock | ||||||||||||||||||||
| Series A Convertible Preferred Stock | ||||||||||||||||||||
| Common Stock- 500,000,000 shares authorized; $0.001 par value, 384,734,902 and 67,802,273 shares issued and outstanding, respectively | ||||||||||||||||||||
| Additional paid-in capital | ||||||||||||||||||||
| Accumulated deficit | ||||||||||||||||||||
| Total stockholders’ equity (deficit) | ||||||||||||||||||||
| Total liabilities and stockholders’ equity (deficit) | ||||||||||||||||||||
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