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EMPIRE PETROLEUM CORPORATION: 10-Q filed 2019-08-14

What EMPIRE PETROLEUM CORPORATION reported in its quarterly report filed 2019-08-14 (fiscal Q2 2019): 28 published measures, 69 facts as tagged in accession 0001072613-19-000260.

This filing

Form
10-Q (quarterly report)
Filed
2019-08-14
Fiscal period
fiscal Q2 2019
Accession
0001072613-19-000260 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All EMPIRE PETROLEUM CORPORATION filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2019-06-3011,765,723USD
At 2018-12-311,997,273USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2019-06-3012,693,338USD
At 2018-12-312,147,456USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2019-06-30-927,615USD
At 2019-03-31-520,685USD
At 2018-12-31-150,183USD
At 2018-06-30-96,290USD
At 2018-03-316,889USD
At 2017-12-31128,194USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2019-06-300USD
At 2019-03-3129,933USD
At 2018-12-3184,631USD
At 2018-06-304,235USD
At 2017-12-3177,780USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-2,006,060USD91
2019-01-01 to 2019-06-30-2,593,562USD181
2019-01-01 to 2019-03-31-587,502USD90
2018-04-01 to 2018-06-30-230,247USD91
2018-01-01 to 2018-06-30-476,552USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2019-01-01 to 2019-06-3054,611USD181
2018-01-01 to 2018-06-30-208,545USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2019-04-01 to 2019-06-302,497,486USD91
2019-01-01 to 2019-06-302,753,337USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2019-01-01 to 2019-06-305,581,744USD181
2018-01-01 to 2018-06-30135,000USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2019-01-01 to 2019-06-30-5,720,986USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2019-06-30-19,721,908USD
At 2018-12-31-17,128,346USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2019-06-30994,648USD
At 2018-12-311,629,770USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-1,843,092USD91
2019-01-01 to 2019-06-30-2,396,651USD181
2018-04-01 to 2018-06-30-210,402USD91
2018-01-01 to 2018-06-30-437,079USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2019-06-301,771,075USD
At 2018-12-31367,503USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2019-04-01 to 2019-06-30-162,968USD91
2019-01-01 to 2019-06-30-196,911USD181
2018-04-01 to 2018-06-30-19,845USD91
2018-01-01 to 2018-06-30-39,473USD181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2019-06-302,411,941USD
At 2018-12-31740,986USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2019-06-30733,963USD
At 2018-12-31320,749USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2019-06-30786,742USD
At 2018-12-31124,577USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2019-04-01 to 2019-06-304,340,578USD91
2019-01-01 to 2019-06-305,149,988USD181
2018-04-01 to 2018-06-30210,402USD91
2018-01-01 to 2018-06-30437,079USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2019-06-30435,064USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2019-06-3019,867,277shares
At 2018-12-3117,345,609shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2019-06-3018,774,426USD
At 2018-12-3116,960,818USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2019-06-301,528,376USD
At 2018-12-31141,033USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2019-04-01 to 2019-06-302,044,022USD91
2019-01-01 to 2019-06-302,656,611USD181
2018-04-01 to 2018-06-30210,402USD91
2018-01-01 to 2018-06-30437,079USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2019-01-01 to 2019-06-30160,088USD181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2019-01-01 to 2019-06-30167,000USD181
2018-01-01 to 2018-06-30135,000USD181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-06-30-662,165USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-06-3033,703USD181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-06-30121,794USD181
2018-01-01 to 2018-06-30111,466USD181

Inspect the source

Entity
EMPIRE PETROLEUM CORPORATION / CIK 0000887396
Captured
2026-09-20T05:03:13.756Z
SEC response SHA-256
503860803ac4a3f83a0bc6b0b0a9c85437d1138d188d158f43b633e9b59e704f

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000887396.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))