Velocity Energy Inc.
VCYE · OTC
12/31/2008 | 12/31/2007 | 12/31/2006 | 12/31/2005 | |
|---|---|---|---|---|
| Assets | – | – | – | – |
| Cash & Equivalents | $195 | $39 | $264 | $261 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Receivables | $1,515 | $2,902 | $0 | $0 |
| Inventory | $3,772 | $0 | $0 | $0 |
| Other Curr. Assets | $72 | $152 | $3 | $0 |
| Total Curr. Assets | $5,482 | $39 | $267 | $261 |
| Property Plant & Equip (Net) | $6,522 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangibles | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Tax Assets | $0 | $0 | $0 | $0 |
| Other NC Assets | $461 | $0 | $0 | $0 |
| Total NC Assets | $6,984 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $12,466 | $39 | $267 | $261 |
| Liabilities | – | – | – | – |
| Payables | $970 | $2,378 | $185 | $124 |
| Short-Term Debt | $1,736 | $0 | $0 | $190 |
| Tax Payable | $0 | $0 | $0 | $0 |
| Deferred Revenue | $794 | $0 | $0 | $0 |
| Other Curr. Liab. | $795 | -$1,866 | $0 | $35 |
| Total Curr. Liab. | $3,501 | $512 | $185 | $349 |
| LT Debt | $9,099 | $0 | $0 | $0 |
| Deferred Rev, NC | $0 | $0 | $0 | $0 |
| Deferred Tax Liab, NC | $0 | $0 | $0 | $0 |
| Other NC Liab. | $128 | $0 | $0 | $0 |
| Total NC Liab. | $9,228 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Cap. Leases | $0 | $0 | $0 | $0 |
| Total Liabilities | $12,729 | $512 | $185 | $349 |
| Equity | – | – | – | – |
| Pref Stock | $0 | $0 | $0 | $0 |
| Common Stock | $26 | $39 | $38 | $25 |
| Retained Earnings | -$7,513 | -$2,909 | -$2,329 | -$1,482 |
| AOCI | $0 | $0 | $0 | $0 |
| Other Equity | $7,224 | $2,414 | $2,373 | $1,368 |
| Total Equity | -$263 | -$473 | $82 | -$88 |
| Supplemental Information | – | – | – | – |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liab. & Tot. Equity | $12,466 | $39 | $267 | $261 |
| Net Debt | $10,640 | -$39 | -$264 | -$71 |