The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -72,074 |
| Stock-based compensation | 1,423 |
| Amortization of right-of-use assets | 469 |
| Depreciation, depletion & amortization | 10,595 |
| Accretion of asset retirement obligation | 2,139 |
| Impairment of oil and natural gas properties | 51,289 |
| Loss (gain) on financial derivatives (note 7) | 581 |
| Amortization of debt discount on convertible notes | 29 |
| Amortization of debt issuance costs | 113 |
| Gain on sale of oil and natural gas properties | 168 |
| Gain on sale of other fixed assets | 30 |
| Accounts receivable | -369 |
| Inventory, oil in tanks | -43 |
| Prepaids, current | -574 |
| Accounts payable | 541 |
| Accrued expenses | 1,463 |
| Other long-term assets and liabilities | 140 |
| Net cash (used in) provided by operating activities | -3,946 |
| Disposal of oil and natural gas properties | 575 |
| Capital expenditures - oil and natural gas properties | 4,754 |
| Disposal of other fixed assets | 51 |
| Purchase of other fixed assets | 54 |
| Cash paid for right-of-use assets | 431 |
| Net cash used in investing activities | -4,613 |
| Borrowings on credit facility | 3,000 |
| Proceeds from promissory notes - related party (note 7) | 4,000 |
| Payments on promissory note - related party (note 7) | 2,000 |
| Principal payments of debt | 639 |
| Proceeds from rights offering, net of transaction costs (note 9) | 2,358 |
| Proceeds from stock issuance and warrant exercises | 778 |
| Net cash provided by financing activities | 7,497 |
| Net change in cash | -1,062 |
| Cash - beginning of period | 2,251 |
| Cash - end of period | 1,189 |
EMPIRE PETROLEUM CORP (EP)
EMPIRE PETROLEUM CORP (EP)