Empire Petroleum Corporation
Balance Sheet
| Line Item | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $12.4M | $5.4M | $3.6M | $3.2M | $1.0M | $3.9M | $157.7K | $134.4K |
| Accounts Receivable | $8.8M | — | $7.7M | — | — | — | $1.3M | — |
| Inventory | $1.2M | — | $1.0M | — | — | $806.4K | $531.3K | $588.6K |
| Total Current Assets | $23.2M | $15.4M | $13.1M | $11.7M | $6.5M | $6.2M | $2.2M | $2.5M |
| Property, Plant & Equipment | $33.5M | $30.6M | $30.7M | $29.5M | $30.3M | $8.2M | $8.2M | $19.5M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $64.1M | $52.8M | $50.1M | $46.6M | $43.1M | $17.1M | $11.2M | $22.8M |
| Liabilities | ||||||||
| Accounts Payable | $3.3M | $2.7M | $4.3M | $4.3M | $2.4M | $2.1M | $1.9M | $1.5M |
| Total Current Liabilities | $12.5M | $10.7M | $12.1M | $9.9M | $19.7M | $13.3M | $6.1M | $12.6M |
| Long-Term Debt | $591.4K | $602.6K | $646.3K | $680.8K | $684.4K | $505.5K | $534.0K | — |
| Total Liabilities | $41.3M | $38.9M | $40.3M | $42.9M | $49.3M | $30.0M | $29.7M | $29.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-50.1M | $-55.6M | $-59.2M | $-50.6M | $-46.9M | $-41.6M | $-40.6M | $-26.8M |
| Total Stockholders' Equity | $22.8M | $13.9M | $9.8M | $3.7M | $-6.2M | $-13.0M | $-18.4M | $-6.9M |