For the quarter ending 2025-09-30, HUSA made $225,678 in revenue. -$7,018,861 in net income. Net profit margin of -3110.12%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Oil and gas revenue | 225,678 | 110,557 | 157,068 | 130,239 |
| Lease operating expense and severance tax | 112,644 | 228,226 | 188,073 | 229,210 |
| General and administrative expense | 3,456,958 | 1,660,006 | 784,752 | 299,308 |
| Depreciation and depletion | 40,027 | 44,804 | 45,950 | 39,994 |
| Impairment of oil and gas properties | 198,950 | - | - | - |
| Impairment expense - oil and gas properties | - | - | 68,940 | - |
| Issuance cost of derivative instruments | 3,342,000 | - | - | - |
| Impairment expense - equity investment in hupecol meta llc | - | - | 3,265,377 | - |
| Patent write-off | 10,508 | - | - | - |
| Total operating expenses | 7,161,087 | 1,933,036 | 4,353,092 | 568,512 |
| Loss from operations | -6,935,409 | -1,822,479 | -4,196,024 | -438,273 |
| Other income | - | 0 | 180,488 | 268,817 |
| Interest expense | 108,453 | - | - | - |
| Interest income | 10,907 | 27,639 | 24,406.5 | 24,688 |
| Foreign currency gain (loss) | 1,041 | - | - | - |
| Total other income (loss) | -96,505 | 27,639 | 204,894.5 | 293,505 |
| Net loss before taxes | -7,031,914 | -1,794,840 | -3,991,129.5 | -144,768 |
| Net loss | -7,031,914 | - | - | - |
| Net (loss) /income attributable to noncontrolling interest | -2,922 | - | - | - |
| Income tax expense | - | 0 | - | - |
| Foreign currency translation gain | 10,131 | - | - | - |
| Net loss | - | -1,794,840 | -3,991,129.5 | -144,768 |
| Comprehensive loss | -7,018,861 | - | - | - |
| Basic loss per common share | -0.21 | -1.11 | -0.355 | -0.01 |
| Basic weighted average number of common shares outstanding | 33,995,899 | 1,623,011 | -5,262,343.5 | 10,906,353 |
| Diluted loss per common share | -0.21 | -1.11 | -0.355 | -0.01 |
| Diluted weighted average number of common shares outstanding | 33,995,899 | 1,623,011 | -5,262,343.5 | 10,906,353 |
HOUSTON AMERICAN ENERGY CORP (HUSA)
HOUSTON AMERICAN ENERGY CORP (HUSA)