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As Of Filer Filing For·On·As Docs:Size Issuer Agent 6/16/15 America Resources Exploration Inc 8-K:1,2,5,9 6/10/15 5:2.6M Global Financial Corp/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 179K 2: EX-10.1 Material Contract HTML 93K 3: EX-99.1 Miscellaneous Exhibit HTML 51K 4: EX-99.2 Miscellaneous Exhibit HTML 108K 5: EX-99.3 Miscellaneous Exhibit HTML 575K
America Resources
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Exploration Inc. |
Pro forma
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Historical
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Adjustments
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Pro forma
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ASSETS
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CURRENT ASSETS
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Cash and cash equivalents
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$ | 7,221 | $ | - | $ | 7,221 | ||||||
7,221 | - | 7,221 | ||||||||||
PROPERTY AND EQUIPMENT
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Oil and gas properties
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- | 170,000 | 170,000 | |||||||||
Equipment
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8,565 | 8,565 | ||||||||||
8,565 | 170,000 | 178,565 | ||||||||||
TOTAL ASSETS
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$ | 15,786 | $ | 170,000 | $ | 185,786 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
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CURRENT LIABILITIES
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Accounts payable
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$ | 100 | $ | - | $ | 100 | ||||||
Loan from director
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9,050 | - | 9,050 | |||||||||
9,150 | - | 9,150 | ||||||||||
LONG TERM LIABILITIES
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Asset Retirement Obligations
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10,000 | 10,000 | ||||||||||
TOTAL LIABILITIES
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9,150 | 10,000 | 19,150 | |||||||||
STOCKHOLDERS’ EQUITY
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Common stock
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8,360 | 4,000 | 12,360 | |||||||||
Additional paid-in capital
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21,159 | 156,000 | 177,159 | |||||||||
Accumulated deficit
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(22,883 | ) | - | (22,883 | ) | |||||||
6,636 | 160,000 | 166,636 | ||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
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$ | 15,786 | $ | 170,000 | $ | 185,786 |
America Resources
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Roger's and
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Exploration Inc. | Theo Leases |
Pro forma
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Historical
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Acquisition
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Adjustments |
Pro forma
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Revenues
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Oil and gas sales
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$ | - | $ | 64,074 | $ | 64,074 | ||||||||||
Costs and expenses
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Lease operating expense
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- | 31,033 | 31,033 | |||||||||||||
Production taxes
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- | 2,515 | 2,515 | |||||||||||||
Depreciation, depletion and amortization
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- | - | 1,431 |
{a}
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1,431 | |||||||||||
Asset retirement obligation accretion
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- | - | 1,500 |
{b}
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1,500 | |||||||||||
General and administrative
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57 | - | 36,000 |
{c}
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36,057 | |||||||||||
Other
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- | - | - | |||||||||||||
Total costs and expenses
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57 | 33,548 | 72,536 | |||||||||||||
Income (loss) before taxes
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(57 | ) | 30,526 | (8,462 | ) | |||||||||||
Provision for income taxes
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- | - | - | |||||||||||||
Net income (loss)
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$ | (57 | ) | $ | 30,526 | $ | (8,462 | ) | ||||||||
Loss per share - Basic and diluted
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$ | (0.00 | ) | $ | (0.00 | ) | ||||||||||
Weighted Average Number of Common Shares Outstanding: Basic and Diluted
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6,000,000 | 10,000,000 |
America Resources
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Roger's and
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Exploration Inc. | Theo Leases |
Pro forma
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Historical
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Acquisition
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Adjustments
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Pro forma | |||||||||||||
Revenues
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Oil and gas sales
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$ | - | $ | 29,786 | $ | 29,786 | ||||||||||
Costs and expenses
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Lease operating expense
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- | 14,962 | 14,962 | |||||||||||||
Production taxes
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- | 1,429 | 1,429 | |||||||||||||
Depreciation, depletion and amortization
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- | - | 733 |
{a}
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733 | |||||||||||
Asset retirement obligation accretion
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- | - | 1,125 |
{b}
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1,125 | |||||||||||
General and administrative
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22,826 | 145 | 27,000 |
{c}
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49,971 | |||||||||||
Other
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- | 1,000 | 1,000 | |||||||||||||
Total costs and expenses
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22,826 | 17,536 | 69,220 | |||||||||||||
Income (loss) before taxes
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(22,826 | ) | 12,250 | (39,434 | ) | |||||||||||
Provision for income taxes
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- | - | - | |||||||||||||
Net income (loss)
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$ | (22,826 | ) | $ | 12,250 | $ | (39,434 | ) | ||||||||
Loss per share - Basic and diluted
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$ | (0.00 | ) | $ | (0.00 | ) | ||||||||||
Weighted Average Number of Common Shares Outstanding: Basic and Diluted
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6,908,945 | 10,908,945 |
{a}
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Pro forma adjustment to reflect the depreciation, depletion and amortization for the assets acquired by America Resources Exploration, Inc. as part of the Roger’s and Theo Leases Acquisition, using the unit of production method of accounting.
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{b}
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Pro forma adjustment to reflect the accretion of asset retirement obligations for the assets acquired by America Resources Exploration, Inc. as part of the Roger’s and Theo Leases Acquisition, assuming a 15% annual accretion rate.
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{c}
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Pro forma adjustment to reflect the yearly salary of Mr. Seabourn, head geologist for the Company.
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This ‘8-K’ Filing | Date | Other Filings | ||
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Filed on: | 6/16/15 | |||
6/12/15 | ||||
For Period End: | 6/10/15 | |||
3/31/15 | ||||
12/31/14 | 10-Q, 10-Q/A | |||
8/13/14 | S-1/A | |||
4/1/14 | ||||
3/31/14 | ||||
4/1/13 | ||||
List all Filings |