Petrolia Energy Corporation: 10-Q filed 2023-03-20

Name: Petrolia Energy Corporation: 10-Q filed 2023-03-20
Creator: Petrolia Energy Corporation

What Petrolia Energy Corporation reported in its quarterly report filed 2023-03-20 (fiscal Q3 2022): 38 published measures, 101 facts as tagged in accession 0001493152-23-008235.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-03-20
Fiscal period: fiscal Q3 2022
Accession: 0001493152-23-008235 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 Petrolia Energy 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 2022-09-30	8,959,122	USD
At 2021-12-31	7,838,486	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-09-30	11,568,992	USD
At 2021-12-31	8,899,646	USD

Stockholders equity

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

Period	Value	Unit
At 2022-09-30	-2,609,870	USD
At 2021-12-31	-1,061,160	USD
At 2021-09-30	-4,646,569	USD
At 2020-12-31	-4,141,114	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
2022-01-01 to 2022-09-30	-1,361,700	USD	273
2021-01-01 to 2021-09-30	-1,466,168	USD	273

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
2022-01-01 to 2022-09-30	1,852,030	USD	273
2021-01-01 to 2021-09-30	-3,580	USD	273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	2,158,110	USD	92
2022-01-01 to 2022-09-30	5,132,360	USD	273
2021-07-01 to 2021-09-30	1,723,706	USD	92
2021-01-01 to 2021-09-30	4,054,313	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
2022-01-01 to 2022-09-30	-246,639	USD	273
2021-01-01 to 2021-09-30	-116,935	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 2022-09-30	-62,841,731	USD
At 2021-12-31	-61,339,161	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
2022-07-01 to 2022-09-30	176,988,322	shares	92
2022-01-01 to 2022-09-30	176,988,322	shares	273
2021-07-01 to 2021-09-30	176,988,322	shares	92
2021-01-01 to 2021-09-30	174,910,384	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
2022-07-01 to 2022-09-30	0	USD/shares	92
2022-01-01 to 2022-09-30	-0.01	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.01	USD/shares	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 2022-09-30	6,034,891	USD
At 2021-12-31	6,349,183	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
2021-01-01 to 2021-09-30	57,047	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
2022-07-01 to 2022-09-30	-588,191	USD	92
2022-01-01 to 2022-09-30	-1,009,314	USD	273
2021-07-01 to 2021-09-30	-245,382	USD	92
2021-01-01 to 2021-09-30	-1,204,511	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 2022-09-30	1,626,013	USD
At 2021-12-31	25,641	USD

Interest expense

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	131,703	USD	92
2022-01-01 to 2022-09-30	379,720	USD	273
2021-07-01 to 2021-09-30	148,576	USD	92
2021-01-01 to 2021-09-30	478,526	USD	273

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 2022-09-30	9,277,494	USD
At 2021-12-31	6,620,065	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 2022-09-30	2,776,678	USD
At 2021-12-31	320,088	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 2022-09-30	363	USD
At 2021-12-31	5,942	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
2022-07-01 to 2022-09-30	2,746,301	USD	92
2022-01-01 to 2022-09-30	6,141,674	USD	273
2021-07-01 to 2021-09-30	1,969,088	USD	92
2021-01-01 to 2021-09-30	5,258,824	USD	273

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 2022-09-30	176,988,322	shares
At 2021-12-31	176,988,322	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 2022-09-30	60,243,573	USD
At 2021-12-31	60,216,722	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2022-09-30	-342,396	USD
At 2021-12-31	-269,155	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 2022-09-30	4,715	USD
At 2021-12-31	12,821	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 2022-09-30	4,715	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-09-30	155,293	USD
At 2021-12-31	155,293	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-09-30	730,320	USD
At 2021-12-31	603,135	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 2022-09-30	1,575,117	USD
At 2021-12-31	1,149,012	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
2022-07-01 to 2022-09-30	-715,420	USD	92
2022-01-01 to 2022-09-30	-1,361,700	USD	273
2021-07-01 to 2021-09-30	-72,484	USD	92
2021-01-01 to 2021-09-30	-1,466,168	USD	273

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-802,774	USD	92
2022-01-01 to 2022-09-30	-1,575,811	USD	273
2021-07-01 to 2021-09-30	-68,495	USD	92
2021-01-01 to 2021-09-30	-1,589,152	USD	273

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-762,435	USD	92
2022-01-01 to 2022-09-30	-1,502,570	USD	273
2021-07-01 to 2021-09-30	-117,309	USD	92
2021-01-01 to 2021-09-30	-1,600,561	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
2022-07-01 to 2022-09-30	192,886	USD	92
2022-01-01 to 2022-09-30	490,489	USD	273
2021-07-01 to 2021-09-30	154,554	USD	92
2021-01-01 to 2021-09-30	676,510	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
2022-07-01 to 2022-09-30	53,755	USD	92
2022-01-01 to 2022-09-30	166,953	USD	273
2021-07-01 to 2021-09-30	142,456	USD	92
2021-01-01 to 2021-09-30	578,880	USD	273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	5,521	USD	273
2021-07-01 to 2021-09-30	56,680	USD	92
2021-01-01 to 2021-09-30	56,680	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
2022-07-01 to 2022-09-30	-127,229	USD	92
2022-01-01 to 2022-09-30	-352,386	USD	273
2021-07-01 to 2021-09-30	172,898	USD	92
2021-01-01 to 2021-09-30	-261,657	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
2022-01-01 to 2022-09-30	115,861	USD	273
2021-01-01 to 2021-09-30	239,389	USD	273

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	816	USD	273
2021-01-01 to 2021-09-30	2,791	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
2022-01-01 to 2022-09-30	-5,565	USD	273
2021-01-01 to 2021-09-30	801	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
2022-01-01 to 2022-09-30	2,482,829	USD	273
2021-01-01 to 2021-09-30	1,029,530	USD	273

Inspect the source

Entity: Petrolia Energy Corporation / CIK 0001368637
Captured: 2026-09-22 19:45 UTC
SEC response SHA-256: 70803161d31b3ad9c56026894618c1d7d98321e4b69888ef6198de8d088a0601

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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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