2023 Q1 Form 20-F Financial Statement
#000168316823001687 Filed on March 23, 2023
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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CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
2353 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-245 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-738 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
480010 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-218708 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-23697 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20085119 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20085119 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20085119 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20085119 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20085119 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20085119 | shares |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-451596 | usd |
CY2020 | SOIGF |
Common Shares To Be Issued From Exercise Of Options And Warrants
CommonSharesToBeIssuedFromExerciseOfOptionsAndWarrants
|
5000 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-23697 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-470293 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-218708 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-689001 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
480010 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-208991 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
477657 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-218463 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22959 | usd |
CY2022 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2903 | usd |
CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
3905 | usd |
CY2020 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
229 | 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 |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
51000 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
21000 | usd |
CY2020 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2022 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
195252 | usd |
CY2021 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-59773 | usd |
CY2020 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
24687 | usd |
CY2022 | SOIGF |
Loss On Issuance Of Convertible Note
LossOnIssuanceOfConvertibleNote
|
0 | usd |
CY2021 | SOIGF |
Loss On Issuance Of Convertible Note
LossOnIssuanceOfConvertibleNote
|
55049 | usd |
CY2020 | SOIGF |
Loss On Issuance Of Convertible Note
LossOnIssuanceOfConvertibleNote
|
0 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
|
-0 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
|
-0 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
|
29437 | usd |
CY2022 | SOIGF |
Change In Petrosteam License
ChangeInPetrosteamLicense
|
0 | usd |
CY2021 | SOIGF |
Change In Petrosteam License
ChangeInPetrosteamLicense
|
59828 | usd |
CY2020 | SOIGF |
Change In Petrosteam License
ChangeInPetrosteamLicense
|
0 | usd |
CY2022 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
6881 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-14021 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
17160 | 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 |
CY2021 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
101 | usd |
CY2020 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
66 | usd |
CY2022 | SOIGF |
Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
|
19959 | usd |
CY2021 | SOIGF |
Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
|
19619 | usd |
CY2020 | SOIGF |
Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
|
-0 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
6591 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
4106 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-461 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
7716 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-58864 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
43956 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-21907 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
0 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-27 | usd |
CY2022 | us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
-143950 | usd |
CY2021 | us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
0 | usd |
CY2020 | us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
161044 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-85911 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19861 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
1798 | usd |
CY2021 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
509 | usd |
CY2020 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
882 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
0 | usd |
CY2020 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
29437 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1798 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-509 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
28555 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2020 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
72000 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
78209 | usd |
CY2021 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
-0 | usd |
CY2020 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
-0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-78209 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
72000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5000 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-7828 | usd |
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
|
0 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2020 | us-gaap |
Income Taxes Paid Net
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
|
0 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<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 & 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
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
|
-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
AssetRetirementObligation
|
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
DeferredTaxAssetsNet
|
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 |