For the quarter ending 2025-12-31, MXC has $20,556,389 in assets. $1,299,469 in debts. $2,267,640 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 2,267,640 | 2,746,692 | 2,546,722 | |
| Oil and natural gas sales | 742,798 | 876,373 | 875,992 | |
| Trade | 33,161 | 48,731 | 48,731 | |
| Prepaid costs and expenses | 26,473 | 50,959 | 52,805 | |
| Prepaid drilling | 417,578 | 13,756 | 19,774 | |
| Total current assets | 3,487,650 | 3,736,511 | 3,544,024 | |
| Oil and gas properties, using the full cost method | 52,969,316 | 52,270,022 | 51,992,623 | |
| Other | 121,926 | 121,926 | 121,926 | |
| Accumulated depreciation, depletion and amortization | 38,639,712 | 37,975,448 | 37,312,801 | |
| Property and equipment, net | 14,451,530 | 14,416,500 | 14,801,748 | |
| Investments cost basis | 2,527,429 | 2,300,000 | 2,100,000 | |
| Operating lease, right-of-use asset | 88,705 | 101,595 | 114,200 | |
| Other noncurrent assets | 1,075 | 2,149 | 3,224 | |
| Total assets | 20,556,389 | 20,556,755 | 20,563,196 | |
| Accounts payable and accrued expenses | 184,790 | 253,744 | 376,381 | |
| Income tax payable | 43,320 | 147,079 | 308,118 | |
| Operating lease liability, current | 54,550 | 53,341 | 52,159 | |
| Total current liabilities | 282,660 | 454,164 | 736,658 | |
| Operating lease liability, long-term | 34,155 | 48,254 | 62,041 | |
| Asset retirement obligations | 689,133 | 689,954 | 682,323 | |
| Deferred income tax liabilities | 293,521 | 197,588 | 281,918 | |
| Total long-term liabilities | 1,016,809 | 935,796 | 1,026,282 | |
| Preferred stock - 1.00 par value10,000,000 shares authorized none outstanding | - | - | 0 | |
| Total liabilities | 1,299,469 | 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 december 31, 2025 and march 31, 2025, respectively | 1,119,641 | 1,119,641 | 1,119,641 | |
| Additional paid-in capital | 8,979,074 | 8,939,194 | 8,896,161 | |
| Retained earnings | 11,036,951 | 10,986,706 | 10,663,200 | |
| Treasury stock, at cost (193,283 shares) | 1,878,746 | 1,878,746 | 1,878,746 | |
| Total stockholders equity | 19,256,920 | 19,166,795 | 18,800,256 | |
| Total liabilities and stockholders equity | 20,556,389 | 20,556,755 | 20,563,196 | |
MEXCO ENERGY CORP (MXC)
MEXCO ENERGY CORP (MXC)