hnra: the income statement

MyFinsight

For the quarter ending 2024-06-30, HNRA made $5,060,795 in revenue. -$637,795 in net income. Net profit margin of -12.60%.

Unit: Dollar

Income Statement	2024-06-30
Revenues	5,060,795
General and administrative expense	2,323,662
Asset retirement obligation, accretion expense	40,526
Depreciation, depletion and amortization	522,542
Operating lease, expense	2,094,181
Production taxes transportation and processing	408,985
Operating expenses	5,389,896
Operating income (loss)	-329,101
Interest expense, nonoperating	2,030,317
Amortization of debt discount (premium)	662,076
Change in fair value of forward purchase agreement liability	-23,717
Fair value adjustment of warrants	-277,167
Other nonoperating income (expense)	783
Gain (loss) on extinguishment of debt	1,720,000
Investment income, interest	14,257
Nonoperating income (expense)	-656,469
Income (loss) from continuing operations before income taxes, noncontrolling interest	-985,570
Income tax expense (benefit)	-347,775
Net income (loss), including portion attributable to noncontrolling interest	-637,795
Net income (loss) attributable to hnr acquisition corp	-637,795

Basic eps	-0.12
Diluted eps	-0.12
Diluted average shares	5,427,537