Velocity Energy Inc.
VCYE · OTC
6/30/2009 | 3/31/2009 | 12/31/2008 | 9/30/2008 | |
|---|---|---|---|---|
| Assets | – | – | – | – |
| Cash & Equivalents | $43 | $272 | $195 | $126 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Receivables | $31 | $47 | $437 | $29 |
| Inventory | $1,635 | $2,405 | $3,772 | $0 |
| Other Curr. Assets | $1,791 | $2,574 | $4,778 | $0 |
| Total Curr. Assets | $1,871 | $2,899 | $5,482 | $183 |
| Property Plant & Equip (Net) | $6,092 | $6,096 | $6,522 | $5,765 |
| Goodwill | $0 | $0 | $0 | $96 |
| Intangibles | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Tax Assets | $0 | $0 | $0 | $0 |
| Other NC Assets | $309 | $386 | $461 | $132 |
| Total NC Assets | $6,401 | $6,483 | $6,984 | $5,993 |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $8,272 | $9,381 | $12,466 | $6,176 |
| Liabilities | – | – | – | – |
| Payables | $838 | $795 | $970 | $186 |
| Short-Term Debt | $11,635 | $1,736 | $1,736 | $0 |
| Tax Payable | $0 | $0 | $0 | $0 |
| Deferred Revenue | $0 | $1 | $794 | $0 |
| Other Curr. Liab. | $0 | $0 | $1 | $158 |
| Total Curr. Liab. | $14,017 | $3,632 | $3,501 | $987 |
| LT Debt | $0 | $9,773 | $9,099 | $3,083 |
| Deferred Rev, NC | $0 | $0 | $0 | $0 |
| Deferred Tax Liab, NC | $0 | $0 | $0 | $0 |
| Other NC Liab. | $131 | $129 | $128 | $124 |
| Total NC Liab. | $131 | $9,903 | $9,228 | $3,207 |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Cap. Leases | $0 | $0 | $0 | $0 |
| Total Liabilities | $14,148 | $13,534 | $12,729 | $4,195 |
| Equity | – | – | – | – |
| Pref Stock | $0 | $0 | $0 | $0 |
| Common Stock | $26 | $26 | $26 | $26 |
| Retained Earnings | -$14,024 | -$11,858 | -$7,513 | -$3,688 |
| AOCI | $0 | $0 | $0 | $0 |
| Other Equity | $0 | $0 | $0 | $0 |
| Total Equity | -$5,875 | -$4,153 | -$263 | $1,982 |
| Supplemental Information | – | – | – | – |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liab. & Tot. Equity | $8,272 | $9,381 | $12,466 | $6,176 |
| Net Debt | $11,591 | $11,237 | $10,640 | $2,957 |