EMPIRE PETROLEUM CORPORATION: 10-Q filed 2023-11-13

Name: EMPIRE PETROLEUM CORPORATION: 10-Q filed 2023-11-13
Creator: EMPIRE PETROLEUM CORPORATION

What EMPIRE PETROLEUM CORPORATION reported in its quarterly report filed 2023-11-13 (fiscal Q3 2023): 40 published measures, 115 facts as tagged in accession 0001072613-23-000570.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-11-13
Fiscal period: fiscal Q3 2023
Accession: 0001072613-23-000570 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.

Period	Value	Unit	Days
At 2023-09-30	76,266,906	USD
At 2022-12-31	71,545,075	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-09-30	57,438,990	USD
At 2022-12-31	48,309,194	USD

Stockholders equity

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

Period	Value	Unit
At 2023-09-30	18,827,916	USD
At 2023-06-30	18,315,695	USD
At 2023-03-31	19,599,798	USD
At 2022-12-31	23,235,881	USD
At 2022-09-30	24,270,533	USD
At 2022-06-30	22,839,731	USD
At 2022-03-31	13,931,364	USD
At 2021-12-31	9,834,153	USD

Net income or loss

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

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-2,747,628	USD	92
2023-01-01 to 2023-09-30	-7,672,128	USD	273
2023-04-01 to 2023-06-30	-2,464,909	USD	91
2023-01-01 to 2023-03-31	-2,459,591	USD	90
2022-07-01 to 2022-09-30	215,941	USD	92
2022-01-01 to 2022-09-30	9,373,648	USD	273
2022-04-01 to 2022-06-30	5,534,280	USD	91
2022-01-01 to 2022-03-31	3,623,427	USD	90

Operating cash flow

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

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-5,957,231	USD	273
2022-01-01 to 2022-09-30	14,907,166	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	179,514	USD	273
2023-08-07 to 2023-08-09	2,100,000	USD	3
2022-01-01 to 2022-09-30	307,787	USD	273

Revenue

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

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	9,146,097	USD	92
2023-01-01 to 2023-09-30	28,908,524	USD	273
2022-07-01 to 2022-09-30	14,038,381	USD	92
2022-01-01 to 2022-09-30	42,159,339	USD	273

Financing cash flow

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

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	10,566,802	USD	273
2022-01-01 to 2022-09-30	2,005,736	USD	273

Investing cash flow

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

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-5,519,179	USD	273
2022-01-01 to 2022-09-30	-4,790,931	USD	273

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2023-09-30	-59,821,341	USD
At 2022-12-31	-52,149,213	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	22,727,639	shares	92
2023-01-01 to 2023-09-30	22,320,207	shares	273
2022-07-01 to 2022-09-30	21,651,383	shares	92
2022-01-01 to 2022-09-30	20,654,294	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	22,727,639	shares	92
2023-01-01 to 2023-09-30	22,320,207	shares	273
2022-07-01 to 2022-09-30	24,065,485	shares	92
2022-01-01 to 2022-09-30	22,778,836	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-0.12	USD/shares	92
2023-01-01 to 2023-09-30	-0.34	USD/shares	273
2022-07-01 to 2022-09-30	0.01	USD/shares	92
2022-01-01 to 2022-09-30	0.45	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-0.12	USD/shares	92
2023-01-01 to 2023-09-30	-0.34	USD/shares	273
2022-07-01 to 2022-09-30	0.01	USD/shares	92
2022-01-01 to 2022-09-30	0.41	USD/shares	273

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-134,720	USD	92
2023-01-01 to 2023-09-30	-134,720	USD	273

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.

Period	Value	Unit	Days
At 2023-09-30	54,474,739	USD
At 2022-12-31	45,311,172	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	2,289,237	USD	273
2022-01-01 to 2022-09-30	1,672,823	USD	273

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.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-2,633,902	USD	92
2023-01-01 to 2023-09-30	-7,158,122	USD	273
2022-07-01 to 2022-09-30	1,442,159	USD	92
2022-01-01 to 2022-09-30	11,000,171	USD	273

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.

Period	Value	Unit	Days
At 2023-09-30	20,417,396	USD
At 2022-12-31	22,734,973	USD

Current liabilities

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

Period	Value	Unit	Days
At 2023-09-30	18,865,158	USD
At 2022-12-31	17,620,660	USD

Current accounts payable

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

Period	Value	Unit	Days
At 2023-09-30	6,051,027	USD
At 2022-12-31	5,843,366	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2023-09-30	7,226,146	USD
At 2022-12-31	7,780,239	USD

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.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	11,779,999	USD	92
2023-01-01 to 2023-09-30	36,066,646	USD	273
2022-07-01 to 2022-09-30	12,596,222	USD	92
2022-01-01 to 2022-09-30	31,159,168	USD	273

Net inventory

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

Period	Value	Unit	Days
At 2023-09-30	1,564,684	USD
At 2022-12-31	1,840,274	USD

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.

Period	Value	Unit	Days
At 2023-09-30	22,093,503	shares
At 2022-12-31	22,093,503	shares

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.

Period	Value	Unit	Days
At 2023-09-30	78,566,843	USD
At 2022-12-31	75,303,479	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2023-09-30	1,213,403	USD
At 2022-12-31	776,219	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2023-09-30	1,079,343	USD
At 2022-12-31	804,667	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2023-09-30	116,507	USD
At 2022-12-31	4,063,115	USD

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.

Period	Value	Unit	Days
At 2023-09-30	5,726,117	USD
At 2022-12-31	9,461,010	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-2,882,348	USD	92
2023-01-01 to 2023-09-30	-7,806,848	USD	273
2022-07-01 to 2022-09-30	215,941	USD	92
2022-01-01 to 2022-09-30	9,373,648	USD	273

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-7,672,128	USD	273
2022-01-01 to 2022-09-30	9,373,648	USD	273

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.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	2,739,256	USD	92
2023-01-01 to 2023-09-30	9,787,184	USD	273
2022-07-01 to 2022-09-30	2,850,059	USD	92
2022-01-01 to 2022-09-30	8,587,891	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	51,000	USD	92
2023-01-01 to 2023-09-30	164,000	USD	273
2022-07-01 to 2022-09-30	39,000	USD	92
2022-01-01 to 2022-09-30	99,000	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	2,061,474	USD	273
2022-01-01 to 2022-09-30	1,429,788	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-249,796	USD	92
2023-01-01 to 2023-09-30	-671,982	USD	273
2022-07-01 to 2022-09-30	-125,330	USD	92
2022-01-01 to 2022-09-30	-347,763	USD	273

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.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	398,033	USD	273
2022-01-01 to 2022-09-30	292,022	USD	273

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.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	1,572,038	USD	273
2022-01-01 to 2022-09-30	-304,009	USD	273

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.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	292,057	USD	273
2022-01-01 to 2022-09-30	567,477	USD	273

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.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	194,438	USD	273
2022-01-01 to 2022-09-30	-2,464,573	USD	273

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.

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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"])))