$PROP Balance Sheet | Understand Stock

$PROP

$0.45 +$0.09 (23.85%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
Assets
Current assets:
Cash and cash equivalents
Receivable from sale of investment
Accounts receivable
Accounts receivable:
Oil, natural gas, and NGL revenue
Joint interest and other
Oil, natural gas, and NGL accrued revenue
Joint interest and other receivables
Acquisition receivable
Derivative assets, net
Inventory
Cryptocurrency
Prepaid expenses and other current assets
Deposits on mining equipment
Deferred financing costs
Financing receivable
Current assets – discontinued operations
Note receivable
Total current assets

Property and equipment:
Oil and natural gas properties, successful efforts method of accounting including $91,868 and $70,462 excluded from amortization as of June 30, 2025 and December 31, 2024, respectively
Cryptocurrency mining equipment
Oil and natural gas properties, successful efforts method of accounting including $101,499 and $57,897 excluded from depletable base as of June 30, 2026 and December 31, 2025, respectively
Other property and equipment
Less: Accumulated depreciation, depletion, and amortization
Total property and equipment, net

Deposits on mining equipment
Deposits on oil and natural gas property purchases
Deferred tax asset
Derivative assets, net
Debt issuance costs, net
Operating lease assets
Security deposits
Investment
Note receivable – non–current
Deferred transaction costs
Other non–current assets
Non–current assets – discontinued operations
Total assets
Liabilities, Mezzanine Equity, and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses
Unearned revenue
Accrued interest and expenses – related parties
Convertible notes payable
Due to CONtv joint venture
Secured convertible debenture (related party)
Current liabilities associated with discontinued operations
Senior convertible note, net
Oil, natural gas, and NGL revenue payable
Ad valorem and production taxes payable
Senior convertible note, at fair value
Derivative liabilities, net
Operating lease liabilities
Total current liabilities

Long–term liabilities:
Total
SBA loan payable
Other long-term liabilities – share issuance obligation
Warrant liabilities
Warrant liabilities – related party
Liabilties fair value disclosures
Credit facility
Subordinated note – related party
Related Party
Total subordinated note – related party
Subordinated note warrants, at fair value – related party
Series F convertible preferred stock embedded derivatives, at fair value
Series F convertible preferred stock warrants, at fair value

SEPA, at fair value
Incremental share right liability, at fair value
Derivative liabilities, net
Oil, natural gas, and NGL revenue payable
Ad valorem and production taxes payable
Deferred tax liability
Asset retirement obligation
Operating lease liabilities
Notes payable, net
Convertible debenture, net
Secured convertible debenture – related party, net of unamortized debt discount of $0
Other long-term liabilities
Total long–term liabilities
Total liabilities
Series E convertible preferred stock; $0.01 par value; 50,000 shares authorized and 20,000 shares issued and outstanding at September 30, 2023; zero shares authorized, issued and outstanding at December 31, 2022
Series D Preferred Stock
Series E Preferred Stock
Members’ deficit
Mezzanine equity:
Series F convertible preferred stock; $0.01 par value; 50,000,000 shares authorized, and 78,000 and 121,050 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Stockholders’ equity:
Series D convertible preferred stock; $0.01 par value; 50,000 shares authorized, and 44 and 5,982 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Series A Preferred Stock
Series C Preferred Stock
Series D Preferred Stock
Series E Preferred Stock
Total series D convertible preferred stock; $0.01 par value; 50,000 shares authorized, and 44 and 5,982 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

Common stock; $0.01 par value; 500,000,000 shares authorized, and 105,828,010 and 62,499,375 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Treasury stock, at cost; 715,955 and 111,357 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Additional paid–in capital
Accumulated deficit
Non-controlling interest
Total stockholders’ equity

Total liabilities, mezzanine equity, and stockholders’ equity

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