2023 Q2 Form 10-Q Financial Statement
#000139390523000225 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $920.00 | $1.790K | |
YoY Change | -48.6% | ||
Cash & Equivalents | $923.00 | $1.788K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $920.00 | $1.790K | |
YoY Change | -48.6% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.00 | $0.00 | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $920.00 | $1.790K | |
Total Long-Term Assets | $3.00 | $0.00 | |
Total Assets | $923.00 | $1.790K | |
YoY Change | -48.44% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $135.1K | $52.73K | |
YoY Change | 156.25% | ||
Accrued Expenses | $225.0K | $453.7K | |
YoY Change | -50.4% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $296.6K | $291.1K | |
YoY Change | 1.9% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $881.7K | $797.5K | |
YoY Change | 10.57% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $881.7K | $797.5K | |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $881.7K | $797.5K | |
YoY Change | 10.57% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.111M | ||
YoY Change | |||
Common Stock | $13.46K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$880.8K | -$795.7K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $923.00 | $1.790K | |
YoY Change | -48.44% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-03-31 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-52304 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
SINO AMERICAN OIL CO | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
WY | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
02-3717729 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
2123 Pioneer Ave | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Cheyenne | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
WY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
82001 | ||
dei |
City Area Code
CityAreaCode
|
360 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
631-6022 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2023Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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Cash
Cash
|
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CY2022Q3 | us-gaap |
Cash
Cash
|
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Assets
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Assets
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LoansPayableCurrent
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LiabilitiesCurrent
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Liabilities Current
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Liabilities
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Liabilities
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Preferred Stock No Par Value
PreferredStockNoParValue
|
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Preferred Stock No Par Value
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Preferred Stock Shares Authorized
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|
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Preferred Stock Shares Outstanding
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Preferred Stock Value
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Preferred Stock Value
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Preferred Stock Par Value Series B
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|
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Preferred Stock Auth Series B
PreferredStockAuthSeriesB
|
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Preferred Stock Outstanding Series B
PreferredStockOutstandingSeriesB
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Preferred Stock Outstanding Series B
PreferredStockOutstandingSeriesB
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Preferred Stock Series B Value
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
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Common Stock Par Or Stated Value Per Share
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|
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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Common Stock Value
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Common Stock Value
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Replacement Reserve Escrow
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Professional And Contract Services Expense
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Consulting Expense Related Party
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Consulting Expense Related Party
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Consulting Expense Related Party
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Profit Loss
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Profit Loss
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Profit Loss
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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Earnings Per Share Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Share Based Compensation
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Increase Decrease In Accrued Liabilities
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Increase Decrease In Other Accrued Liabilities
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Proceeds From Notes Payable
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Proceeds From Notes Payable
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Proceeds From Other Debt
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|
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Proceeds From Other Debt
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|
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us-gaap |
Net Cash Provided By Used In Financing Activities
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|
66988 | usd | |
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Net Cash Provided By Used In Financing Activities
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71848 | usd | |
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|
923 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1788 | usd |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
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Interest Paid
InterestPaid
|
0 | usd | |
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Income Taxes Paid Net
IncomeTaxesPaidNet
|
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Income Taxes Paid Net
IncomeTaxesPaidNet
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Use Of Estimates
UseOfEstimates
|
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><i>Use of estimates</i></span></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.</p> | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
91393 | usd | |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
80000 | shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0.001 | |
CY2023Q1 | fil |
Preferred Stock Auth Series B
PreferredStockAuthSeriesB
|
10000000 | shares |
CY2022Q3 | fil |
Preferred Stock Par Value Series B
PreferredStockParValueSeriesB
|
0.001 | |
us-gaap |
Preferred Stock Conversion Basis
PreferredStockConversionBasis
|
Series A is convertible into 1,000 shares of common | ||
us-gaap |
Preferred Stock Voting Rights
PreferredStockVotingRights
|
Series B Preferred Stock as voting only shares at 1,000 votes per share |