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Petrolia Energy Corp. – ‘10-Q’ for 9/30/21 – ‘R18’

On:  Friday, 7/29/22, at 12:22pm ET   ·   For:  9/30/21   ·   Accession #:  1493152-22-20602   ·   File #:  0-52690

Previous ‘10-Q’:  ‘10-Q’ on 7/13/22 for 6/30/21   ·   Next:  ‘10-Q’ on 2/17/23 for 3/31/22   ·   Latest:  ‘10-Q’ on 11/15/23 for 9/30/23   ·   20 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/29/22  Petrolia Energy Corp.             10-Q        9/30/21   67:7M                                     M2 Compliance LLC/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.22M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
11: R1          Cover                                               HTML     68K 
12: R2          Condensed Consolidated Balance Sheets               HTML    130K 
13: R3          Condensed Consolidated Balance Sheets               HTML     37K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML     92K 
                and Comprehensive Loss (Unaudited)                               
15: R5          Condensed Consolidated Statements of Changes in     HTML     79K 
                Stockholders' Deficit (Unaudited)                                
16: R6          Condensed Consolidated Statements of Cash Flows     HTML    128K 
                (Unaudited)                                                      
17: R7          Organization and Basis of Presentation              HTML     24K 
18: R8          Summary of Significant Accounting Policies          HTML     40K 
19: R9          Going Concern                                       HTML     24K 
20: R10         Evaluated Properties                                HTML     72K 
21: R11         Leases                                              HTML     33K 
22: R12         Notes Payable                                       HTML    151K 
23: R13         Related Party Notes Payable                         HTML    101K 
24: R14         Derivative Financial Instruments                    HTML     38K 
25: R15         Asset Retirement Obligations                        HTML     47K 
26: R16         Equity                                              HTML    106K 
27: R17         Related Party Transactions                          HTML     61K 
28: R18         Segment Reporting                                   HTML     55K 
29: R19         Subsequent Events                                   HTML     42K 
30: R20         Summary of Significant Accounting Policies          HTML     41K 
                (Policies)                                                       
31: R21         Summary of Significant Accounting Policies          HTML     30K 
                (Tables)                                                         
32: R22         Evaluated Properties (Tables)                       HTML     55K 
33: R23         Leases (Tables)                                     HTML     31K 
34: R24         Notes Payable (Tables)                              HTML    148K 
35: R25         Related Party Notes Payable (Tables)                HTML    102K 
36: R26         Derivative Financial Instruments (Tables)           HTML     32K 
37: R27         Asset Retirement Obligations (Tables)               HTML     45K 
38: R28         Equity (Tables)                                     HTML     63K 
39: R29         Segment Reporting (Tables)                          HTML     50K 
40: R30         Schedule of Derivative Liabilities Measured at      HTML     32K 
                Fair Value on Recurring Basis (Details)                          
41: R31         Schedule of Company's Current Properties (Details)  HTML     52K 
42: R32         Evaluated Properties (Details Narrative)            HTML     71K 
43: R33         Schedule of Financial Information Lease (Details)   HTML     25K 
44: R34         Schedule of Maturities Lease Liability (Details)    HTML     29K 
45: R35         Schedule of Notes Payable (Details)                 HTML    121K 
46: R36         Schedule of Notes Payable (Details)                 HTML    259K 
                (Parenthetical)                                                  
47: R37         Schedule of Future Minimum Repayments of Notes      HTML     26K 
                Payable (Details)                                                
48: R38         Schedule of Related Party Notes Payable (Details)   HTML    115K 
49: R39         Schedule of Related Party Notes Payable (Details)   HTML    119K 
                (Parenthetical)                                                  
50: R40         Schedule of Future Minimum Repayments of Related    HTML     28K 
                Party Notes Payable (Details)                                    
51: R41         Schedule of Derivative Liabilities (Details)        HTML     25K 
52: R42         Schedule of Derivative Liability of Fair Value      HTML     35K 
                Assumption (Details)                                             
53: R43         Derivative Financial Instruments (Details           HTML     40K 
                Narrative)                                                       
54: R44         Schedule of Fair Value of Asset Retirement          HTML     24K 
                Obligations (Details)                                            
55: R45         Schedule of Asset Retirement Obligations (Details)  HTML     41K 
56: R46         Schedule of Common Stock Purchase Warrants Issued   HTML     38K 
                and Outstanding (Details)                                        
57: R47         Schedule of Warrants Issuance During Period         HTML     36K 
                (Details)                                                        
58: R48         Schedule of Fair Value of Assumption of Warrants    HTML     37K 
                (Details)                                                        
59: R49         Equity (Details Narrative)                          HTML    170K 
60: R50         Related Party Transactions (Details Narrative)      HTML    219K 
61: R51         Schedule of Long-Lived Assets (Details)             HTML     44K 
62: R52         Subsequent Events (Details Narrative)               HTML     79K 
65: XML         IDEA XML File -- Filing Summary                      XML    116K 
63: XML         XBRL Instance -- form10-q_htm                        XML   1.88M 
64: EXCEL       IDEA Workbook of Financial Reports                  XLSX    158K 
 7: EX-101.CAL  Inline XBRL Taxonomy Extension Calculation           XML    153K 
                Linkbase Document -- bbls-20210930_cal                           
 8: EX-101.DEF  Inline XBRL Taxonomy Extension Definition Linkbase   XML    675K 
                Document -- bbls-20210930_def                                    
 9: EX-101.LAB  Inline XBRL Taxonomy Extension Label Linkbase        XML   1.12M 
                Document -- bbls-20210930_lab                                    
10: EX-101.PRE  Inline XBRL Taxonomy Extension Presentation          XML    878K 
                Linkbase Document -- bbls-20210930_pre                           
 6: EX-101.SCH  Inline XBRL Taxonomy Extension Schema Document --    XSD    176K 
                bbls-20210930                                                    
66: JSON        XBRL Instance as JSON Data -- MetaLinks              359±   510K 
67: ZIP         XBRL Zipped Folder -- 0001493152-22-020602-xbrl      Zip    263K

‘R18’   —   Segment Reporting

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.22.2
SEGMENT REPORTING
 9 Months Ended
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 12. SEGMENT REPORTING

 

The Company has a single reportable operating segment, Oil and Gas Exploration and Production, which includes exploration, development, and production of current and potential oil and gas properties. Results of operations from producing activities were as follows:

 

   Canada   United States   Total 
Nine months ended September 30, 2021               
Revenue  $4,042,133   $12,175   $4,054,313 
Production costs   (3,670,999)   (56,924)   (3,727,923)
Depreciation, depletion, amortization and accretion   (815,521)   (38,870)   (854,391)
Loss on TLSAU abandonment   -         
Results of operations from producing activities  $(444,382)  $(83,619)  $(528,001)
                
Total long-lived assets, September 30, 2021  $1,917,164   $4,249,789   $6,166,953 
                
Nine months ended September 30, 2020               
Revenue  $1,935,861   $8,005   $1,943,866 
Production costs   (2,273,505)   (189,674)   (2,463,179)
Depreciation, depletion, amortization, and accretion   (1,030,549)   (45,193)   (1,075,742)
Loss on TLSAU abandonment   —    (3,225,928)   (3,225,928)
Results of operations from producing activities  $(1,368,193)  $(3,452,790)  $(4,820,983)
                
Total long-lived assets, September 30, 2020  $1,957,126   $7,096,763   $9,053,889 

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/29/22
For Period end:9/30/21
9/30/2010-Q
 List all Filings 

20 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/15/22  Petrolia Energy Corp.             10-Q        3/31/21   73:32M                                    M2 Compliance LLC/FA
 3/18/22  Petrolia Energy Corp.             8-K:8,9     3/11/22    2:9.3M                                   M2 Compliance LLC/FA
 3/03/22  Petrolia Energy Corp.             8-K:1,3,5,812/15/21    4:16M                                    M2 Compliance LLC/FA
 2/28/22  Petrolia Energy Corp.             8-K:8,9     2/16/22    3:5.5M                                   M2 Compliance LLC/FA
 1/14/22  Petrolia Energy Corp.             8-K:8,9    12/30/21    3:2.1M                                   M2 Compliance LLC/FA
 1/14/22  Petrolia Energy Corp.             8-K:8,9    12/30/21    2:976K                                   M2 Compliance LLC/FA
12/13/21  Petrolia Energy Corp.             10-Q        9/30/20   66:6.1M                                   M2 Compliance LLC/FA
11/12/21  Petrolia Energy Corp.             8-K:1,8,9   5/08/19    4:4.9M                                   M2 Compliance LLC/FA
10/25/21  Petrolia Energy Corp.             8-K:3,5,9  10/25/21    2:110K                                   M2 Compliance LLC/FA
10/25/21  Petrolia Energy Corp.             8-K:8       8/28/19    6:13M                                    M2 Compliance LLC/FA
 9/24/21  Petrolia Energy Corp.             10-Q        6/30/20   65:6.4M                                   M2 Compliance LLC/FA
 9/03/21  Petrolia Energy Corp.             8-K:5       9/03/21    1:28K                                    M2 Compliance LLC/FA
 9/03/21  Petrolia Energy Corp.             8-K:1       9/02/21    2:506K                                   M2 Compliance LLC/FA
 8/03/21  Petrolia Energy Corp.             10-Q        3/31/20   68:28M                                    M2 Compliance LLC/FA
 5/27/21  Petrolia Energy Corp.             10-Q        6/30/19   79:5.7M                                   M2 Compliance LLC/FA
10/16/19  Petrolia Energy Corp.             10-K       12/31/18   98:17M                                    M2 Compliance LLC/FA
 5/10/19  Petrolia Energy Corp.             10-Q        9/30/18   64:4.9M                                   M2 Compliance LLC/FA
 2/25/19  Petrolia Energy Corp.             8-K:4,9     1/29/19    2:37K                                    Loev Corp Filings Inc/FA
 5/24/18  Petrolia Energy Corp.             8-K:8,9     5/21/18    5:133K                                   Loev Corp Filings Inc/FA
11/23/15  Petrolia Energy Corp.             10-Q        9/30/15   31:1.8M                                   Federal Filings, LLC/FA
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Filing Submission 0001493152-22-020602   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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