LILIS ENERGY, INC. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD, except per-share amounts

	Q3 FY2020 As of Sep 30, 2020	Q2 FY2020 As of Jun 30, 2020	Q1 FY2020 As of Mar 31, 2020	Q4 FY2019 As of Dec 31, 2019	Q3 FY2019 As of Sep 30, 2019	Q2 FY2019 As of Jun 30, 2019	Q1 FY2019 As of Mar 31, 2019	Q4 FY2018 As of Dec 31, 2018	Q3 FY2018 As of Sep 30, 2018	Q2 FY2018 As of Jun 30, 2018	Q1 FY2018 As of Mar 31, 2018	Q4 FY2017 As of Dec 31, 2017	Q3 FY2017 As of Sep 30, 2017	Q2 FY2017 As of Jun 30, 2017	Q1 FY2017 As of Mar 31, 2017	Q4 FY2016 As of Dec 31, 2016	Q3 FY2016 As of Sep 30, 2016	Q2 FY2016 As of Jun 30, 2016	Q1 FY2016 As of Mar 31, 2016	Q4 FY2015 As of Dec 31, 2015
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Accounts receivables, net of allowance of $1,473 and $448, respectively
Prepaid expenses
Derivative instruments
Prepaid expenses and other current assets
Total current assets

Property and equipment:
Evaluated properties
Unevaluated acreage, excluded from amortization
Unproved
Proved
Total oil and natural gas properties
Less: accumulated depreciation, depletion, amortization and impairment
Oil and natural gas properties, full cost method of accounting, net

Other property and equipment, net
Deferred financing costs, net
Restricted cash, deposits and other
Total property and equipment, net
Right-of-use assets
Other assets
Total other assets
Total assets

LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Dividends accrued on preferred stock
Accrued expenses for drilling activity
Current portion of long-term debt
Debtor in-possession facility
Accounts payable
Accrued liabilities and other
Term loan - Independent Bank
Revenue payable
Dividends payable
Derivative instruments
Asset retirement obligations
Convertible notes - net of discount
Convertible bridge notes - related parties, net of discount
Convertible notes - related parties, net of discount
Term loan - Heartland, net of discount
Convertible debentures, net of discount
Total current liabilities

Other long-term liabilities
Credit facility
Note payable - SOS Ventures
Asset retirement obligations
Warranty liability
Warrant liability
Total long-term liabilities
Long-term debt
Long-term derivative instruments and other non-current liabilities
Long-term deferred revenue liabilities
Derivative instruments
Long-term lease liabilities
Long-term deferred revenue and other liabilities
Total liabilities not subject to compromise
Liabilities subject to compromise
Total liabilities
Conditionally redeemable 6% preferred stock, $0.0001 par value: 7,000 shares authorized; 2,000 shares issued and outstanding with a liquidation preference of $2,150,000 as of March 31,2016
Stockholders’ equity (deficit):
Series B Preferred stock, $0.0001 par value; stated value of $1,000; 20,000 shares authorized; 16,828 shares issued and outstanding at December 31, 2016, with a liquidation preference of $20,627 at December 31, 2016
Series A Preferred Stock
Series B Preferred Stock
Total series B Preferred stock, $0.0001 par value; stated value of $1,000; 20,000 shares authorized; 16,828 shares issued and outstanding at December 31, 2016, with a liquidation preference of $20,627 at December 31, 2016

Series B Preferred stock subscribed 2,100 shares subscribed at June 30, 2016 and no shares subscribed at December 31, 2015.
Common stock, $0.0001 par value per share; 150,000,000 shares authorized 95,097,919 and 91,584,460 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively, of which 253,598 shares are being held in treasury stock
Additional paid-in capital
Treasury stock, 253,598 shares at cost
Accumulated deficit
Series A Preferred Stock
Series B Preferred Stock
Total stockholders’ equity (deficit)

Total liabilities, mezzanine equity and stockholders’ equity (deficit)

Mezzanine equity:
Series C-1 Preferred Stock
Series C-2 Preferred Stock
Series D Preferred Stock
Series E Preferred Stock
Series F Preferred Stock
Total mezzanine equity:

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