EMPIRE PETROLEUM CORPORATION: 10-Q filed 2024-05-15

Name: EMPIRE PETROLEUM CORPORATION: 10-Q filed 2024-05-15
Creator: EMPIRE PETROLEUM CORPORATION

What EMPIRE PETROLEUM CORPORATION reported in its quarterly report filed 2024-05-15 (fiscal Q1 2024): 35 published measures, 72 facts as tagged in accession 0001072613-24-000499.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-05-15
Fiscal period: fiscal Q1 2024
Accession: 0001072613-24-000499 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 2024-03-31	100,082,694	USD
At 2023-12-31	92,615,616	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-03-31	68,391,428	USD
At 2023-12-31	57,659,156	USD

Stockholders equity

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

Period	Value	Unit
At 2024-03-31	31,691,266	USD
At 2023-12-31	34,956,460	USD
At 2023-03-31	19,599,798	USD
At 2022-12-31	23,235,881	USD

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.

Period	Value	Unit	Days
At 2024-03-31	3,491,465	USD
At 2023-12-31	7,792,508	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
2024-01-01 to 2024-03-31	-3,975,196	USD	91
2023-01-01 to 2023-03-31	-2,459,591	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
2024-01-01 to 2024-03-31	3,907,689	USD	91
2023-01-01 to 2023-03-31	-5,066,714	USD	90

Revenue

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

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	9,387,241	USD	91
2023-01-01 to 2023-03-31	10,052,245	USD	90

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
2024-01-01 to 2024-03-31	8,888,402	USD	91
2023-01-01 to 2023-03-31	-569,136	USD	90

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
2024-01-01 to 2024-03-31	-17,097,134	USD	91
2023-01-01 to 2023-03-31	455,281	USD	90

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 2024-03-31	-68,594,014	USD
At 2023-12-31	-64,618,818	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
2024-01-01 to 2024-03-31	25,688,427	shares	91
2023-01-01 to 2023-03-31	22,096,796	shares	90

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
2024-01-01 to 2024-03-31	25,688,427	shares	91
2023-01-01 to 2023-03-31	22,096,796	shares	90

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
2024-01-01 to 2024-03-31	-0.15	USD/shares	91
2023-01-01 to 2023-03-31	-0.11	USD/shares	90

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
2024-01-01 to 2024-03-31	-0.15	USD/shares	91
2023-01-01 to 2023-03-31	-0.11	USD/shares	90

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 2024-03-31	84,322,047	USD
At 2023-12-31	72,396,209	USD

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
2024-01-01 to 2024-03-31	-4,398,147	USD	91
2023-01-01 to 2023-03-31	-2,222,714	USD	90

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 2024-03-31	13,829,486	USD
At 2023-12-31	18,744,904	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 2024-03-31	27,048,226	USD
At 2023-12-31	25,049,572	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 2024-03-31	17,194,236	USD
At 2023-12-31	16,437,219	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 2024-03-31	7,290,007	USD
At 2023-12-31	8,354,636	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
2024-01-01 to 2024-03-31	13,785,388	USD	91
2023-01-01 to 2023-03-31	12,274,959	USD	90

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 2024-03-31	1,797,342	USD
At 2023-12-31	1,433,454	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 2024-03-31	25,623,674	shares
At 2023-12-31	25,503,530	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 2024-03-31	100,200,135	USD
At 2023-12-31	99,490,253	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 2024-03-31	958,648	USD
At 2023-12-31	1,077,031	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 2024-03-31	872,021	USD
At 2023-12-31	977,204	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 2024-03-31	8,533,693	USD
At 2023-12-31	4,596,775	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 2024-03-31	7,436,586	USD
At 2023-12-31	7,075,302	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
2024-01-01 to 2024-03-31	-3,975,196	USD	91
2023-01-01 to 2023-03-31	-2,459,591	USD	90

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
2024-01-01 to 2024-03-31	3,589,039	USD	91
2023-01-01 to 2023-03-31	3,972,918	USD	90

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
2024-01-01 to 2024-03-31	59,000	USD	91
2023-01-01 to 2023-03-31	59,000	USD	90

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
2024-01-01 to 2024-03-31	-315,049	USD	91
2023-01-01 to 2023-03-31	-237,299	USD	90

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
2024-01-01 to 2024-03-31	-1,064,629	USD	91
2023-01-01 to 2023-03-31	849,909	USD	90

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
2024-01-01 to 2024-03-31	363,888	USD	91
2023-01-01 to 2023-03-31	420,859	USD	90

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
2024-01-01 to 2024-03-31	4,339,024	USD	91
2023-01-01 to 2023-03-31	-213,611	USD	90

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

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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"])))