2023 Q1 Form 20-F Financial Statement

#000168316823001687 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $42.82K $76.74K $398.4K
YoY Change -4.08% 145.18% 1172.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $83.95K $68.81K $172.7K
YoY Change 617.52% 1530.57% 87.84%
% of Gross Profit
Research & Development $5.230K $7.300K $22.26K
YoY Change 37.27% 213.3% 100.72%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $89.18K $76.80K $211.2K
YoY Change 420.3% 844.65% 96.29%
Operating Profit
YoY Change
Interest Expense $9.460K $13.59K $146.5K
YoY Change -86.7% -123.14% -268.25%
% of Operating Profit
Other Income/Expense, Net $144.0K $290.5K
YoY Change -304.36%
Pretax Income -$36.89K $157.5K $477.7K
YoY Change -137.41% -273.83% -318.65%
Income Tax
% Of Pretax Income
Net Earnings -$36.89K $157.5K $477.7K
YoY Change -137.41% -273.83% -318.65%
Net Earnings / Revenue -86.15% 205.23% 119.89%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.00 $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 20.09M shares 20.09M shares
Diluted Shares Outstanding 20.09M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.88K $80.91K $80.91K
YoY Change 232.44% 950.78% 950.78%
Cash & Equivalents $80.91K
Short-Term Investments
Other Short-Term Assets $7.840K $10.70K $10.70K
YoY Change 9.34% 160.34% 160.34%
Inventory
Prepaid Expenses $10.70K
Receivables $30.44K $39.58K $39.58K
Other Receivables $12.34K $9.330K $9.330K
Total Short-Term Assets $107.5K $140.5K $140.5K
YoY Change 160.92% 314.85% 314.85%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $97.36K $95.97K $95.97K
YoY Change -4.9% -5.11% -5.11%
Total Long-Term Assets $97.36K $95.97K $95.97K
YoY Change -4.89% -5.11% -5.11%
TOTAL ASSETS
Total Short-Term Assets $107.5K $140.5K $140.5K
Total Long-Term Assets $97.36K $95.97K $95.97K
Total Assets $204.9K $236.5K $236.5K
YoY Change 42.69% 75.16% 75.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.14K $50.22K $50.22K
YoY Change 19.43% -22.28% -22.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $8.740K $8.580K $8.580K
YoY Change -71.75% -74.39% -74.39%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $78.66K $73.49K $73.49K
YoY Change -62.82% -76.22% -76.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $372.2K $372.0K $372.0K
YoY Change -28.8% -27.77% -27.77%
Total Long-Term Liabilities $372.2K $372.0K $372.0K
YoY Change -28.8% -27.77% -27.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.66K $73.49K $73.49K
Total Long-Term Liabilities $372.2K $372.0K $372.0K
Total Liabilities $450.9K $445.5K $445.5K
YoY Change -38.6% -45.94% -45.94%
SHAREHOLDERS EQUITY
Retained Earnings -$23.21M
YoY Change -2.02%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$246.0K -$209.0K -$209.0K
YoY Change
Total Liabilities & Shareholders Equity $204.9K $236.5K $236.5K
YoY Change 42.69% 75.16% 75.16%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$36.89K $157.5K $477.7K
YoY Change -137.41% -273.83% -318.65%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$22.79K $6.140K $161.0K
YoY Change -206.55% -5.97% -287.46%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.090K -$1.090K -$1.800K
YoY Change 738.46% 738.46% 252.94%
Cash From Investing Activities -$1.090K -$1.090K -$1.798K
YoY Change 738.46% 738.46% 252.55%
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 0.000 0.000 -$78.21K
YoY Change -100.0% -208.62%
NET CHANGE
Cash From Operating Activities -22.79K 6.140K $161.0K
Cash From Investing Activities -1.090K -1.090K -$1.798K
Cash From Financing Activities 0.000 0.000 -$78.21K
Net Change In Cash -23.88K 5.050K $73.21K
YoY Change -403.05% -21.09% -607.69%
FREE CASH FLOW
Cash From Operating Activities -$22.79K $6.140K $161.0K
Capital Expenditures
Free Cash Flow
YoY Change

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IncreaseDecreaseInReceivables
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CY2022 SOIGF Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
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CY2021 SOIGF Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
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CY2020 SOIGF Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
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CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
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CY2021 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
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CY2020 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
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CY2022 us-gaap Increase Decrease In Asset Retirement Obligations
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CY2021 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
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CY2020 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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CY2020 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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72000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
399 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3466 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
73209 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4557 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80905 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7696 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21717 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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IncomeTaxesPaidNet
0 usd
CY2022 SOIGF Debt Discount Due To Derivative Liabilities
DebtDiscountDueToDerivativeLiabilities
0 usd
CY2021 SOIGF Debt Discount Due To Derivative Liabilities
DebtDiscountDueToDerivativeLiabilities
72000 usd
CY2020 SOIGF Debt Discount Due To Derivative Liabilities
DebtDiscountDueToDerivativeLiabilities
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CY2022 us-gaap Nature Of Operations
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<p id="xdx_80E_eus-gaap--NatureOfOperations_zIIxFdcGOtbb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1.     <span id="xdx_828_z2RB0HbA4BWd">NATURE OF BUSINESS</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Strata Power Corporation (the “Company”) is currently engaged in the acquisition, exploration and, if warranted, feasible development of heavy oil projects in the Peace River oil sands region in Northern Alberta, Canada. The Company was incorporated under the laws of the State of Nevada on November 18, 1998 and commenced operations in January 1999. The Company completed its initial public offering in February 2000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is presently incorporated under the Canada Business Corporations Act. On December 27, 2018, the Company filed a Certificate of Amendment with Corporations Canada changing its name from Strata Oil &amp; Gas Inc. to Strata Power Corporation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2022, the Company has a <span id="xdx_900_ecustom--OwnershipPercentage_iI_dp_c20221231__us-gaap--MajorPropertyClassAxis__custom--PeaceRiverMember_zZbc65BmVQE7" title="Ownership percentage">50</span>% interest in <span id="xdx_901_ecustom--TotalOilSandsLeasesOwned_iI_uInteger_c20221231__us-gaap--MajorPropertyClassAxis__custom--PeaceRiverMember_z99uJS3ACCV9" title="Total oil sands leases owned">7</span> oil sands leases, totaling <span id="xdx_90F_esrt--GasAndOilAreaUndevelopedGross_iI_c20221231__us-gaap--MajorPropertyClassAxis__custom--PeaceRiverMember_zwbaiE6rQXR9" title="Land Area (in hectares)">8,704</span> hectares, all located in the Peace River oil sands area. In addition, the Company has a royalty interest in <span id="xdx_90B_eus-gaap--NumberOfPropertiesSubjectToGroundLeases_iI_uInteger_c20221231__us-gaap--MajorPropertyClassAxis__custom--AlbertaPermitsMember_z4PxseWMN7h3" title="Number of leases">10</span> oil sands leases and owns <span id="xdx_909_esrt--ProductiveOilWellsNumberOfWellsGross_iI_uInteger_c20221231__us-gaap--MajorPropertyClassAxis__custom--AlbertaPermitsMember_zwrfgBSUbEFl" title="Number of wells">1</span> non-producing well.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
477657 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
161044 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23214872 usd
CY2022 SOIGF Funding Requirements During Next Twelve Months
FundingRequirementsDuringNextTwelveMonths
200000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
210929 usd
CY2022 SOIGF Derivative Gain Loss On Derivative Net1
DerivativeGainLossOnDerivativeNet1
-195252 usd
CY2022 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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-987 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14690 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zCHfhF4YPFWa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86E_zWHaimPCF661">Management’s Estimates and Assumptions</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date, and revenues and expenses for the period then ended. Management believes that all applicable estimates and adjustments are appropriate. Actual results could differ significantly from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p>
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14690 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
210929 usd
CY2022Q4 us-gaap Asset Retirement Obligation
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71975 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
214960 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
60000 usd
CY2022 SOIGF Royalty Interest
RoyaltyInterest
0.025 pure
CY2022 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
398427 usd
CY2021 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
31296 usd
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
24336 usd
CY2021 SOIGF Issuance Of Convertible Note
IssuanceOfConvertibleNote
127049 usd
CY2021 SOIGF Fair Value Of Expired Warrant
FairValueOfExpiredWarrant
-1258 usd
CY2021 SOIGF Derivative Gain Loss On Derivative Net1
DerivativeGainLossOnDerivativeNet1
61031 usd
CY2021 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-229 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
214960 usd
CY2021Q4 SOIGF Undiscounted Future Liability
UndiscountedFutureLiability
225229 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
71975 usd
CY2022 us-gaap Other Income
OtherIncome
143950 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
16308 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
15687 usd
CY2020 us-gaap Accretion Expense
AccretionExpense
12669 usd
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20085119 shares
CY2022 SOIGF Additional Shares Of Common Stock
AdditionalSharesOfCommonStock
91000 shares
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
783500 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
879800 usd
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
791000 usd
CY2022Q4 SOIGF Deferred Tax Assets Oil And Gas Properties
DeferredTaxAssetsOilAndGasProperties
1742800 usd
CY2021Q4 SOIGF Deferred Tax Assets Oil And Gas Properties
DeferredTaxAssetsOilAndGasProperties
1871100 usd
CY2020Q4 SOIGF Deferred Tax Assets Oil And Gas Properties
DeferredTaxAssetsOilAndGasProperties
1857700 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
175700 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
154500 usd
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
134800 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2702000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2905400 usd
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2783500 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2702000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2905400 usd
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2783500 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
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0 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
203400 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
121900 usd
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
65700 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.08 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.04 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.02 pure
CY2022 SOIGF Effective Income Tax Rate Reconciliation Nondeductible Change In Fair Value Of Derivative Liability
EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability
-0.41 pure
CY2021 SOIGF Effective Income Tax Rate Reconciliation Nondeductible Change In Fair Value Of Derivative Liability
EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability
-0.27 pure
CY2020 SOIGF Effective Income Tax Rate Reconciliation Nondeductible Change In Fair Value Of Derivative Liability
EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability
-0.06 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.03 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
0.07 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
0.13 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.77 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.41 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.16 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure

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