Royale Energy, Inc.
For the period ended Dec 31, 2024. Filed Apr 9, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 9, 2025
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CONSOLIDATED STATEMENTS OF OPERATIONS
| 2024 | 2023 | |
|---|---|---|
| Revenues: | ||
| Sale of Oil and Gas | $2,164,241 | $2,114,026 |
| Supervisory Fees and Other | 62,794 | 46,568 |
| Total Revenues | 2,227,035 | 2,160,594 |
| Costs and Expenses: | ||
| Lease Operating | 1,983,173 | 1,731,670 |
| Impairment | 400,719 | 1,599,001 |
| Depreciation, Depletion and Amortization | 308,523 | 346,866 |
| Well Equipment Write down | - | 22,690 |
| General and Administrative | 1,633,740 | 1,725,015 |
| Credit Loss Expense | 450,743 | - |
| Legal and Accounting | 582,413 | 435,372 |
| Marketing | 347,044 | 350,425 |
| Total Costs and Expenses | 5,706,355 | 6,211,039 |
| Gain on Turnkey Drilling Programs | 1,607,677 | 2,107,500 |
| Loss from Operations | (1,871,643) | (1,942,945) |
| Other Income (Expense): | ||
| Interest Expense | (304,873) | (1,970) |
| Gain on Sale of Assets | 17,500 | - |
| Other Gain | - | 112,728 |
| Total Other Income (Expense) | (287,373) | 110,758 |
| Net Loss | (2,159,016) | (1,832,187) |
| Basic and Diluted Loss Per Share | $(0.05) | $(0.04) |
| Weighted average number of common shares outstanding, basic and diluted | 77,278,047 | 65,758,185 |
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