CJAX: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, CJAX has $10,226,333 in assets. $1,769,959 in debts.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30	2024-12-31
Cash	71,119	63,529	46,738
Accounts receivable	119,399	169,938	147,082
Prepaid expenses	13,000	0	21,210
Total current assets	203,518	233,467	215,030
Oil and natural gas properties at cost	11,065,307	11,065,307	11,065,307
Less accumulated depletion	1,042,492	962,840	766,901
Total properties and equipment, net	10,022,815	10,102,467	10,298,406
Total assets	10,226,333	10,335,934	10,513,436

Accounts payable	179,207	201,447	113,473
Workover expense payable	18,029	23,627	40,334
Accrued salaries and payroll taxes	869,700	802,338	1,059,281
Current portion of notes payable	10,164	10,139	10,088
Notes payable related party	103,001	103,001	103,001
Total current liabilities	1,180,101	1,140,552	1,326,177
Asset retirement obligations	586,484	575,378	553,538
Note payable, net of current portion	3,374	5,925	11,007
Total long-term liabilities	589,858	581,303	564,545
Total liabilities	1,769,959	1,721,855	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 september 30, 2025 and december 31, 2024 respectively	141,687	141,687	139,986
Subscription payable	10,000	10,000	10,000
Additional paid-in capital	21,185,146	21,185,146	20,846,615
Accumulated deficit	-12,880,459	-12,722,754	-12,373,887
Total stockholders equity	8,456,374	8,614,079	8,622,714
Total liabilities and stockholders equity	10,226,333	10,335,934	10,513,436

Unit: Dollar