Harvest Oil & Gas : 9/30/2022 Financial Statements
May 17, 2023 at 06:19 pm EDT
Share
Harvest Oil and Gas Corp.
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands, except share and per share data)
September 30,
December 31,
ASSETS
2022
2021
Current assets:
Cash and cash equivalents
$
10,258
$
15,341
Accounts receivable:
Oil, natural gas and natural gas liquids revenues
383
624
Other
-
2,061
Other current assets
962
1,634
Total current assets
11,603
19,660
Assets held for sale
66
66
Other assets
810
1,063
Total assets
$
12,479
$
20,789
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities
$
485
$
898
Other current liabilities
-
-
Total current liabilities
485
898
Liabilities held for sale
64
64
Other long-term liabilities
466
466
Total liabilities
1,015
1,428
Commitments and contingencies
Stockholders' equity:
Common stock - $0.01 par value; 2,000,000 shares authorized; 1,032,885 shares issued and 1,026,541 shares
outstanding
102
102
Additional paid-in capital
142,313
147,959
Treasury stock at cost - 6,344 shares
(657)
(657)
Retained earnings (accumulated deficit)
(130,294)
(128,043)
Total stockholders' equity
11,464
19,361
Total liabilities and equity
$
12,479
$
20,789
Harvest Oil and Gas Corp.
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands)
Quarter Ended
Nine Months Ended
September 30,
September 30,
2022
2021
2022
2021
Revenues:
Oil, natural gas and natural gas liquids revenues
$
-
$
-
$
-
$
-
Operating costs and expenses:
General and administrative expenses
293
213
603
2,908
Gain on sales of oil and natural gas properties
-
246
830
641
Total operating costs and expenses
293
459
1,433
3,549
Operating loss
(293)
(459)
(1,433)
(3,549)
Other income (expense), net:
Interest income
-
442
-
1,563
Loss on early termination of note receivable
-
(1,600)
-
(1,600)
Other income, net
(100)
-
(818)
-
Total other income, net
(100)
(1,158)
(818)
(37)
Income (loss) before income taxes
(393)
(1,617)
(2,251)
(3,586)
Income tax benefit
-
-
-
-
Net income (loss)
$
(393)
$
(1,617)
$
(2,251)
$
(3,586)
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Harvest Oil & Gas Corp. published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 22:18:01 UTC.
HARVEST OIL & GAS CORP. 
