DAYBREAK OIL & GAS, INC. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Feb 28, 2023	FY2022 12 months to Feb 28, 2022	FY2021 12 months to Feb 28, 2021	FY2020 12 months to Feb 29, 2020	FY2019 12 months to Feb 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Gain on settlement of credit facility debt
Gain on accounts payable settlement
Common stock shares issued as an incentive
Gain on forgiveness of PPP 2nd draw
Depreciation, depletion and amortization
Impairment of proved crude oil properties
Impairment of unproved crude oil properties
Amortization of debt discount
Operating lease expense in conjunction with right of use asset
Warrants issued for investor relations services
Changes in assets and liabilities:
Accounts receivable – crude oil and natural gas sales
Accounts receivable - joint interest participants
Prepaid expenses and other current assets
Accounts payable and other accrued liabilities
Accounts payable - related parties
Operating lease liability change in conjunction with right of use asset
Accrued interest
Net cash used in operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to crude oil and natural gas properties
Acquisition of crude oil and natural gas properties
Purchase of fixed asset (used pickup truck)
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Additions to line of credit
Payments to line of credit
Proceeds from sale of Common Stock
Proceeds from convertible note payable
Insurance financing repayments
Payment for settlement of credit facility debt
Proceeds from production revenue payable
Proceeds from note payable – related party
Payments to note payable – related party
Proceeds from SBA PPP 2nd draw loan and 1st draw loans, respectively
Net cash provided by financing activities

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS AT END OF PERIOD
CASH PAID FOR:
Interest
SUPPLEMENTAL CASH FLOW INFORMATION:
Unpaid additions to crude oil and natural gas properties
Operating lease - right-of-use assets and associated liabilities
Settlement of accounts payable with note
Common stock issued for conversion of 12% Subordinated Note
Common stock issued for conversion of convertible Note
Common stock issued for acquisition of crude oil and natural gas property
Goodwill from acquisition of O&G properties
ARO asset and liability increase due to acquisition of crude oil and natural gas properties
ARO asset and liability increase due to changes in estimates
Non-cash addition to line of credit due to monthly interest
Financing of insurance premiums
Forgiveness of production revenue payable interest
Settlement of accrued employee salaries credited to common stock, APIC and accumulated deficit
Settlement of related party debt with production revenue interest
Settlement of 12% Note - related party credited to common stock and APIC
Settlement of production revenue program - related party credited to additional paid in capital
Settlement of accrued director fees credited to common stock and APIC
Settlement of 12% Note – related party credited to common stock and APIC
Settlement of production revenue program – related party credited to paid in capital
Settlement of Series A accumulated dividend credited to additional paid in capital
Common stock issued for conversion of Series A preferred stock
Common stock issued for Series A preferred accumulated dividend
Debt forgiveness of related party accrued gross salary and employer payroll taxes
Settlement of related party receivables and payables
Reclassification of related party accounts payable to accounts payable

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