West Texas Resources, Inc.: 10-Q filed 2017-08-14

Name: West Texas Resources, Inc.: 10-Q filed 2017-08-14
Creator: West Texas Resources, Inc.

What West Texas Resources, Inc. reported in its quarterly report filed 2017-08-14 (fiscal Q3 2017): 24 published measures, 64 facts as tagged in accession 0001683168-17-002087.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-08-14
Fiscal period: fiscal Q3 2017
Accession: 0001683168-17-002087 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 West Texas Resources, Inc. 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 2017-06-30	486,612	USD
At 2016-09-30	293,842	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-06-30	124,941	USD
At 2016-09-30	45,626	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
2017-04-01 to 2017-06-30	-102,537	USD	91
2016-10-01 to 2017-06-30	-242,488	USD	273
2016-04-01 to 2016-06-30	-32,978	USD	91
2015-10-01 to 2016-06-30	-139,971	USD	274

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
2016-10-01 to 2017-06-30	0	USD	273
2015-10-01 to 2016-06-30	7,200	USD	274

Revenue

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

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	4,951	USD	91
2016-10-01 to 2017-06-30	8,250	USD	273
2016-04-01 to 2016-06-30	227	USD	91
2015-10-01 to 2016-06-30	657	USD	274

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 2017-06-30	-2,847,208	USD
At 2016-09-30	-2,604,720	USD

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	Unit	Days
2017-04-01 to 2017-06-30	USD	91
2016-10-01 to 2017-06-30	USD	273
2016-04-01 to 2016-06-30	USD	91
2015-10-01 to 2016-06-30	USD	274

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 2017-06-30	52,740	USD
At 2016-09-30	13,200	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
2016-10-01 to 2017-06-30	18,003	USD	273
2015-10-01 to 2016-06-30	26,357	USD	274

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
2017-04-01 to 2017-06-30	-96,981	USD	91
2016-10-01 to 2017-06-30	-257,727	USD	273
2016-04-01 to 2016-06-30	-32,978	USD	91
2015-10-01 to 2016-06-30	-139,017	USD	274

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 2017-06-30	24,979	USD
At 2016-09-30	13,209	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
2017-04-01 to 2017-06-30	1,106	USD	91
2016-10-01 to 2017-06-30	6,603	USD	273
2016-04-01 to 2016-06-30	0	USD	91
2015-10-01 to 2016-06-30	954	USD	274

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 2017-06-30	361,671	USD
At 2016-09-30	248,216	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 2017-06-30	152,189	USD
At 2016-09-30	172,765	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	-3,536	USD	91
2016-10-01 to 2017-06-30	-5,698	USD	273
2016-04-01 to 2016-06-30	227	USD	91
2015-10-01 to 2016-06-30	657	USD	274

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 2017-06-30	17,315,908	shares
At 2016-09-30	16,289,908	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 2017-06-30	2,929,833	USD
At 2016-09-30	2,609,056	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2017-06-30	4,275	USD
At 2016-09-30	0	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2017-06-30	0	USD
At 2016-09-30	0	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
2017-04-01 to 2017-06-30	-102,537	USD	91
2016-10-01 to 2017-06-30	-242,488	USD	273
2016-04-01 to 2016-06-30	-32,978	USD	91
2015-10-01 to 2016-06-30	-139,971	USD	274

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
2017-04-01 to 2017-06-30	93,445	USD	91
2016-10-01 to 2017-06-30	252,029	USD	273
2016-04-01 to 2016-06-30	33,205	USD	91
2015-10-01 to 2016-06-30	139,674	USD	274

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
2016-10-01 to 2017-06-30	2,677	USD	273
2015-10-01 to 2016-06-30	0	USD	274

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.

Period	Value	Unit	Days
2016-10-01 to 2017-06-30	145,800	USD	273
2015-10-01 to 2016-06-30	72,750	USD	274

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
2016-10-01 to 2017-06-30	5,716	USD	273
2015-10-01 to 2016-06-30	0	USD	274

Inspect the source

Entity: West Texas Resources, Inc. / CIK 0001518985
Captured: 2026-09-23 02:58 UTC
SEC response SHA-256: 5f1792f9f42c101319d47b2a3250830a19a186208d56f1dc8bc48b6a9982a0ea

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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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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001518985.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"])))