MXC: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, MXC has $20,556,755 in assets. $1,389,960 in debts. $2,746,692 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	2,746,692	2,546,722
Oil and natural gas sales	876,373	875,992
Trade	48,731	48,731
Prepaid costs and expenses	50,959	52,805
Prepaid drilling	13,756	19,774
Total current assets	3,736,511	3,544,024
Oil and gas properties, using the full cost method	52,270,022	51,992,623
Other	121,926	121,926
Accumulated depreciation, depletion and amortization	37,975,448	37,312,801
Property and equipment, net	14,416,500	14,801,748
Investments cost basis	2,300,000	2,100,000
Operating lease, right-of-use asset	101,595	114,200
Other noncurrent assets	2,149	3,224
Total assets	20,556,755	20,563,196

Accounts payable and accrued expenses	253,744	376,381
Income tax payable	147,079	308,118
Operating lease liability, current	53,341	52,159
Total current liabilities	454,164	736,658
Operating lease liability, long-term	48,254	62,041
Asset retirement obligations	689,954	682,323
Deferred income tax liabilities	197,588	281,918
Total long-term liabilities	935,796	1,026,282
Preferred stock - 1.00 par value10,000,000 shares authorized none outstanding	-	0
Total liabilities	1,389,960	1,762,940
Common stock - 0.50 par value 40,000,000 shares authorized 2,239,283 shares issued and, 2,046,000 shares outstanding as of september 30, 2025 and march 31, 2025, respectively	1,119,641	1,119,641
Additional paid-in capital	8,939,194	8,896,161
Retained earnings	10,986,706	10,663,200
Treasury stock, at cost (193,283 shares)	1,878,746	1,878,746
Total stockholders equity	19,166,795	18,800,256
Total liabilities and stockholders equity	20,556,755	20,563,196