$HUSA
HOUSTON AMERICAN ENERGY CORP

2022 Q1 Form 10-Q Financial Statement

#000149315222013809 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $423.8K $328.5K
YoY Change 29.02% 123.25%
Cost Of Revenue $161.3K $166.2K
YoY Change -2.97% 104.62%
Gross Profit $262.6K $162.3K
YoY Change 61.79% 146.21%
Gross Profit Margin 61.95% 49.4%
Selling, General & Admin $370.1K $408.8K
YoY Change -9.46% 9.28%
% of Gross Profit 140.96% 251.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.24K $32.36K
YoY Change 79.98% -64.37%
% of Gross Profit 22.18% 19.94%
Operating Expenses $428.3K $441.1K
YoY Change -2.9% -5.11%
Operating Profit -$165.8K -$278.9K
YoY Change -40.55% -30.11%
Interest Expense $500.00
YoY Change -102.18%
% of Operating Profit
Other Income/Expense, Net $0.00 $9.880K
YoY Change -100.0%
Pretax Income -$165.6K -$268.5K
YoY Change -38.33% -68.45%
Income Tax
% Of Pretax Income
Net Earnings -$165.6K -$268.5K
YoY Change -38.33% -68.45%
Net Earnings / Revenue -39.06% -81.73%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$16.68K -$30.18K
COMMON SHARES
Basic Shares Outstanding 9.928M shares
Diluted Shares Outstanding 9.928M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.767M $5.271M
YoY Change -9.57% 80.38%
Cash & Equivalents $4.767M
Short-Term Investments
Other Short-Term Assets $165.0K $156.2K
YoY Change 5.68% 67.44%
Inventory
Prepaid Expenses
Receivables $279.2K $173.2K
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.211M $5.601M
YoY Change -6.95% 83.94%
LONG-TERM ASSETS
Property, Plant & Equipment $5.022M $5.212M
YoY Change -3.64% -21.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $472.5K $374.4K
YoY Change 26.19% 62.98%
Other Assets $3.170K $3.170K
YoY Change 0.0% 0.0%
Total Long-Term Assets $5.498M $5.589M
YoY Change -1.64% -18.56%
TOTAL ASSETS
Total Short-Term Assets $5.211M $5.601M
Total Long-Term Assets $5.498M $5.589M
Total Assets $10.71M $11.19M
YoY Change -4.3% 12.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.7K $171.2K
YoY Change -8.5% 20.84%
Accrued Expenses $66.35K $116.8K
YoY Change -43.2% 13.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $223.0K $288.1K
YoY Change -22.57% 17.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $253.8K $145.2K
YoY Change 74.81% -39.86%
Total Long-Term Liabilities $253.8K $145.2K
YoY Change 74.81% -39.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.0K $288.1K
Total Long-Term Liabilities $253.8K $145.2K
Total Liabilities $476.9K $433.3K
YoY Change 10.07% -10.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.23M $10.76M
YoY Change
Total Liabilities & Shareholders Equity $10.71M $11.19M
YoY Change -4.3% 12.94%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$165.6K -$268.5K
YoY Change -38.33% -68.45%
Depreciation, Depletion And Amortization $58.24K $32.36K
YoY Change 79.98% -64.37%
Cash From Operating Activities -$96.81K -$365.2K
YoY Change -73.49% -3.49%
INVESTING ACTIVITIES
Capital Expenditures -$14.16K -$63.00K
YoY Change -77.52% -87.88%
Acquisitions
YoY Change
Other Investing Activities -$16.73K -$114.0K
YoY Change -85.33% 248.21%
Cash From Investing Activities -$30.89K -$177.0K
YoY Change -82.55% -67.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.571M
YoY Change 21.71%
NET CHANGE
Cash From Operating Activities -96.81K -365.2K
Cash From Investing Activities -30.89K -177.0K
Cash From Financing Activities 4.571M
Net Change In Cash $0.00 4.029M
YoY Change -100.0% 42.64%
FREE CASH FLOW
Cash From Operating Activities -$96.81K -$365.2K
Capital Expenditures -$14.16K -$63.00K
Free Cash Flow -$82.65K -$302.2K
YoY Change -72.65% -313.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
USD
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2022Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2022Q1 us-gaap Stock Issued1
StockIssued1
USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
shares
CY2022Q1 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Grants In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionGrantsInPeriodExercisePrice
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
shares
CY2022Q1 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Exercised In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionExercisedInPeriodExercisePrice

Files In Submission

Name View Source Status
0001493152-22-013809-index-headers.html Edgar Link pending
0001493152-22-013809-index.html Edgar Link pending
0001493152-22-013809.txt Edgar Link pending
0001493152-22-013809-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_htm.xml Edgar Link completed
husa-20220331.xsd Edgar Link pending
husa-20220331_cal.xml Edgar Link unprocessable
husa-20220331_def.xml Edgar Link unprocessable
husa-20220331_lab.xml Edgar Link unprocessable
husa-20220331_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending