CJAX: the balance sheet

MyFinsight

For the year ending 2025-12-31, CJAX has $9,583,036 in assets. $1,729,299 in debts.

Balance Sheets	2025-12-31	2024-12-31
Cash	77,219	46,738
Accounts receivable, net	109,953	147,082
Prepaid expenses	20,584	21,210
Total current assets	207,756	215,030
Proved properties	8,105,480	-
Oil and gas properties at cost	-	11,065,307
Unproved properties	2,169,812	-
Less accumulated depletion	900,012	766,901
Total property and equipment - net	9,375,280	10,298,406
Total assets	9,583,036	10,513,436

Accounts payable	131,365	113,473
Workover expense payable	2,205	40,334
Accrued salaries and payroll taxes	937,065	1,059,281
Current portion of notes payable	10,190	10,088
Notes payable related party	103,001	103,001
Total current liabilities	1,183,826	1,326,177
Asset retirement obligations	544,656	553,538
Notes payable, net of current portion	817	11,007
Total long-term liabilities	545,473	564,545
Total liabilities	1,729,299	1,890,722
Common stock, 0.01 par value, 300,000,000 current shares authorized, 14,168,755 and 13,998,639 shares issued and outstanding at december 31, 2025 and 2024, respectively	141,687	139,986
Subscription payable	10,000	10,000
Additional paid-in capital	21,185,146	20,846,615
Accumulated deficit	-13,483,096	-12,373,887
Total stockholders equity	7,853,737	8,622,714
Total liabilities and stockholders equity	9,583,036	10,513,436

Unit: Dollar.