2022 Form 10-K Financial Statement
#000149315222016856 Filed on June 15, 2022
Income Statement
| Concept | 2022 | 2021 |
|---|---|---|
| Revenue | $452.3K | $280.2K |
| YoY Change | 61.44% | -51.11% |
| Cost Of Revenue | $599.5K | $552.7K |
| YoY Change | 8.46% | -24.47% |
| Gross Profit | -$147.2K | -$272.6K |
| YoY Change | -46.0% | 71.7% |
| Gross Profit Margin | -32.54% | -97.28% |
| Selling, General & Admin | $203.7K | $313.5K |
| YoY Change | -35.03% | -45.67% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $41.11K | $235.0K |
| YoY Change | -82.51% | -69.55% |
| % of Gross Profit | ||
| Operating Expenses | $244.8K | $548.5K |
| YoY Change | -55.37% | -59.34% |
| Operating Profit | -$392.0K | -$821.1K |
| YoY Change | -52.26% | -45.54% |
| Interest Expense | -$107.0K | -$92.53K |
| YoY Change | 15.63% | 26.23% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$499.0K | -$1.110M |
| YoY Change | -55.04% | -61.71% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$499.0K | -$1.110M |
| YoY Change | -55.04% | -61.71% |
| Net Earnings / Revenue | -110.32% | -396.13% |
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$5.490K | -$12.21K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 90.88M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 | 2021 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $139.6K | $160.6K |
| YoY Change | -13.11% | 1.61% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $70.95K | $32.89K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $210.5K | $193.5K |
| YoY Change | 8.78% | -1.58% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $176.6K | $220.9K |
| YoY Change | -20.06% | -66.45% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $176.6K | $220.9K |
| YoY Change | -20.06% | -66.45% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $210.5K | $193.5K |
| Total Long-Term Assets | $176.6K | $220.9K |
| Total Assets | $387.1K | $414.4K |
| YoY Change | -6.59% | -51.53% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $139.4K | $405.1K |
| YoY Change | -65.59% | 71.07% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $139.4K | $405.1K |
| YoY Change | -65.59% | 71.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.600M | $3.200M |
| YoY Change | 12.5% | 18.52% |
| Other Long-Term Liabilities | $433.3K | $96.01K |
| YoY Change | 351.33% | -6.02% |
| Total Long-Term Liabilities | $4.033M | $3.296M |
| YoY Change | 22.37% | 17.62% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $139.4K | $405.1K |
| Total Long-Term Liabilities | $4.033M | $3.296M |
| Total Liabilities | $4.173M | $3.701M |
| YoY Change | 12.74% | 21.79% |
| 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 | -$3.786M | -$3.287M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $387.1K | $414.4K |
| YoY Change | -6.59% | -51.53% |
Cashflow Statement
| Concept | 2022 | 2021 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$499.0K | -$1.110M |
| YoY Change | -55.04% | -61.71% |
| Depreciation, Depletion And Amortization | $41.11K | $235.0K |
| YoY Change | -82.51% | -69.55% |
| Cash From Operating Activities | -$421.1K | -$504.7K |
| YoY Change | -16.56% | -8.5% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 400.0K | 507.2K |
| YoY Change | -21.14% | -40.83% |
| NET CHANGE | ||
| Cash From Operating Activities | -421.1K | -504.7K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 400.0K | 507.2K |
| Net Change In Cash | -21.06K | 2.550K |
| YoY Change | -925.88% | -92.11% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$421.1K | -$504.7K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
221 | USD |
| CY2021Q3 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
| CY2022Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
USD | |
| CY2021Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2022 | NRIS |
Proceeds From Collection Of Subscription Receivable
ProceedsFromCollectionOfSubscriptionReceivable
|
USD | |
| CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
USD | |
| CY2022 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
USD | |
| CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2022 | NRIS |
Asset Retirement Obligation Additions
AssetRetirementObligationAdditions
|
USD | |
| CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
|
USD | |
| CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2022Q1 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
USD | |
| CY2021Q1 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
USD | |
| CY2022 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
USD | |
| CY2021 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
USD | |
| CY2022 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
USD | |
| CY2021 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
USD | |
| CY2022 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
|
USD | |
| CY2021 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
|
USD |
