USEG: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, USEG has $46,497K in assets. $21,458K in debts. $1,415K 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 equivalents	1,415	6,728
Oil and natural gas sales receivables	490	567
Marketable equity securities	310	210
Other current assets	584	710
Total current assets	2,799	8,215
Proved oil and natural gas properties	135,552	137,114
Less accumulated depreciation, depletion and amortization	115,043	114,811
Oil and natural gas properties, net	20,509	22,303
Unevaluated industrial gas properties, not subject to amortization	22,126	19,415
Oil, natural gas and industrial gas properties, net	42,635	41,718
Property and equipment, net	367	411
Right-of-use asset	400	443
Other assets	296	206
Total other assets	1,063	1,060
Total assets	46,497	50,993

Accounts payable and accrued liabilities	3,977	5,186
Accrued compensation and benefits	59	46
Revenue and royalties payable	3,926	4,532
Asset retirement obligations - current	300	800
Current lease obligation	206	203
Total current liabilities	8,468	10,767
Asset retirement obligations	12,731	11,954
Long-term lease obligation, net of current portion	259	312
Total noncurrent liabilities	12,990	12,266
Total liabilities	21,458	23,033
Common stock, 0.01 par value 245,000,000 shares authorized 34,143,549 and 27,903,197 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively	343	342
Additional paid-in capital	235,124	234,705
Accumulated deficit	-210,428	-207,087
Total shareholders equity	25,039	27,960
Total liabilities and shareholders equity	46,497	50,993

Unit: Thousand (K) dollars