For the quarter ending 2025-09-30, HUSA had -$3,004,507 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Amortization of right of use asset | - | 41,089 |
| Net loss | -6,323,155 | -2,827,323 |
| Depreciation, depletion and amortization | 55,337 | - |
| Impairment of oil and gas properties | 198,950 | - |
| Patent cost write off | 10,508 | - |
| Accrued interest | 299,041 | - |
| Change in fair value of warrant liability | -45,965 | - |
| Decrease in operating lease liability | - | -41,797 |
| Issuance costs of derivative instruments | 3,342,300 | - |
| Decrease in accounts receivable | 41,953 | -42,168 |
| Decrease in government grant receivable | -276,407 | - |
| Increase in prepaid expenses and other current assets | 60,745 | 307,944 |
| Increase in other assets | 11,974 | - |
| Increase in other payables | 10,955 | - |
| Increase in accounts payable and accrued expenses | 631,626 | 145,622 |
| Depreciation and depletion | - | 66,689 |
| Stock-based compensation | - | 64,086 |
| Accretion of asset retirement obligation | - | 0 |
| Net cash (used in) operating activities | -1,788,735 | -2,817,410 |
| Payment related to patent application costs | 377,337 | - |
| Payments for capital contribution for equity investment | - | 0 |
| Land acquisition | 8,414,670 | - |
| Cash paid for refundable acquisition deposit | - | -160,000 |
| Cash acquired in share exchange | -6,952,914 | - |
| Net cash (used in) investing activities | -1,679,093 | -160,000 |
| Capital contributions | 941,375 | - |
| Proceeds from issuance of convertible note | 5,000,000 | - |
| Cash received from eloc draw downs | -1,638,597 | - |
| Husa convertible note repayments | -583,386 | - |
| Proceeds from issuance of common stock for cash, net of offering costs | - | 6,968,265 |
| Note payable related party | 435,000 | - |
| Net cash provided by financing activities | 463,321 | 6,968,265 |
| Increase in cash | -3,004,507 | 3,990,855 |
| Cash and cash equivalents at beginning of period | 525,809 | - |
| Cash and cash equivalents at end of period | 1,512,157 | - |
HOUSTON AMERICAN ENERGY CORP (HUSA)
HOUSTON AMERICAN ENERGY CORP (HUSA)