For the quarter ending 2025-09-30, HUSA has $28,831,554 in assets. $12,338,597 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 1,512,157 | 6,951,006 | ||
| Accounts receivable - oil and gas sales | 32,691 | 32,906 | ||
| Prepaid expenses and other receivables | 812,598 | 483,810 | ||
| Total current assets | 2,357,446 | 7,467,722 | ||
| Office equipment | - | 90,004 | ||
| Land | 8,576,854 | - | ||
| Costs subject to amortization | 1,362,250 | 62,775,947 | ||
| Total | - | 62,865,951 | ||
| Accumulated depletion, depreciation, amortization, and impairment | 238,980 | 61,809,714 | ||
| Total | 1,123,270 | - | ||
| Right of use asset | - | 28,812 | ||
| Property and equipment, net | 9,700,124 | 1,056,237 | ||
| Refundable acquisition deposit | 160,000 | 160,000 | ||
| Capitalized patents | 1,497,382 | - | ||
| Deposits on license agreements | 2,115,000 | - | ||
| Other assets | 15,452 | 3,167 | ||
| Goodwill | 12,986,150 | - | ||
| Total assets | 28,831,554 | 8,715,938 | ||
| Current portion of lease liability | - | 29,285 | ||
| Accrued expenses | - | 19,582 | ||
| Accounts payable | 1,257,109 | 193,266 | ||
| Convertible note payable-HUSAConvertible Note Payable | 4,416,477 | - | ||
| Note payable related party-Related Party | 435,000 | - | ||
| Other payables | 38,311 | - | ||
| Total current liabilities | 6,146,897 | 242,133 | ||
| Agig convertible note payable | 6,159,452 | - | ||
| Asset retirement obligation | 32,248 | 62,470 | ||
| Total long-term liabilities | 6,191,700 | 62,470 | ||
| Total liabilities | 12,338,597 | 304,603 | ||
| Common stock, par value 0.001 per share 300,000,000 shares authorized 34,222,566 and 31,778,032 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 34,222 | 1,908 | ||
| Other comprehensive loss | 54,606 | - | ||
| Additional paid-in capital | 42,242,006 | 96,451,859 | ||
| Accumulated deficit | -25,805,866 | -88,042,432 | ||
| Noncontrolling interest in consolidated subsidiary | -32,011 | - | ||
| Total shareholders equity/(deficit) | 16,492,957 | 8,411,335 | ||
| Total liabilities and shareholders equity | 28,831,554 | 8,715,938 | ||
HOUSTON AMERICAN ENERGY CORP (HUSA)
HOUSTON AMERICAN ENERGY CORP (HUSA)