EMPIRE PETROLEUM CORPORATION
Balance Sheet
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $9.3M | $3.5M | $7.8M | — | $1.3M | $6.8M | $11.9M | $15.7M |
| Accounts Receivable | $8.8M | $7.3M | $8.4M | $7.2M | $7.7M | $6.5M | $7.8M | $6.0M |
| Inventory | $1.5M | $1.8M | $1.4M | $1.6M | $1.5M | $2.3M | $1.8M | $1.6M |
| Total Current Assets | $20.3M | $13.8M | $18.7M | $20.4M | $12.0M | $17.0M | $22.7M | $24.4M |
| Property, Plant & Equipment | $98.1M | $84.3M | $72.4M | $54.5M | $50.2M | $46.9M | $45.3M | $35.9M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $119.9M | $100.1M | $92.6M | $76.3M | $62.9M | $64.7M | $71.5M | $66.2M |
| Liabilities | ||||||||
| Accounts Payable | $13.6M | $17.2M | $16.4M | $6.1M | $4.2M | $5.7M | $5.8M | $4.2M |
| Total Current Liabilities | $23.8M | $27.0M | $25.0M | $18.9M | $12.6M | $14.8M | $17.6M | $13.1M |
| Long-Term Debt | $8.5M | $8.5M | $4.6M | $116.5K | $3.0M | — | $4.1M | — |
| Total Liabilities | $61.3M | $68.4M | $57.7M | $57.4M | $44.6M | $45.1M | $48.3M | $42.0M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-73.0M | $-68.6M | $-64.6M | $-59.8M | $-57.1M | $-54.6M | $-52.1M | $-49.9M |
| Total Stockholders' Equity | $58.7M | $31.7M | $35.0M | $18.8M | $18.3M | $19.6M | $23.2M | $24.3M |