SOC: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, SOC has $1,649,634K in assets. $1,301,551K in debts. $41,629K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	41,629	247,141
Restricted cash	0	35,634
Inventory and other	25,071	20,488
Prepaid expenses and other current assets	11,319	4,981
Total current assets	78,019	308,244
Oil and gas properties	1,537,981	1,428,848
Less accumulated depreciation, depletion and amortization	5,442	1,809
Total oil and gas properties, net	1,532,539	1,427,039
Other, net	39,076	36,755
Total assets	1,649,634	1,772,038

Accounts payable and accrued liabilities-Nonrelated Party	163,703	185,769
Senior secured term loan including paid-in-kind interest, net	896,571	875,561
Other current liabilities-Nonrelated Party	1,426	1,109
Total current liabilities	1,061,700	1,062,439
Warrant liabilities	86,273	121,090
Asset retirement obligations	108,582	105,507
Senior secured term loan including paid-in-kind interest, net	0	0
Deferred tax liability	26,498	19,868
Other	18,498	17,507
Total liabilities	1,301,551	1,326,411
Common stock, 0.0001 par value 500,000,000 shares authorized 99,507,250 and 89,310,996 issued and outstanding at september30, 2025 and december31, 2024, respectively	10	10
Additional paid-in capital	1,394,357	1,381,523
Accumulated deficit	-1,046,284	-935,906
Total stockholders equity	348,083	445,627
Total liabilities and stockholders equity	1,649,634	1,772,038

Unit: Thousand (K) dollars