HNR Acquisition Corp
For the period ended Dec 31, 2023. Filed May 3, 2024.
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FY2023 · Filed May 3, 2024
EONR$0.26-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | Successor | Predecessor |
| Cash | $3,505,454 | $2,016,315 |
| Accounts receivable | ||
| Crude oil and natural gas | 2,103,341 | 2,862,945 |
| Other | 90,163 | 201,669 |
| Short-term derivative instrument asset | 391,488 | - |
| Prepaid expenses and other current assets | 722,002 | 395,204 |
| Total current assets | 6,812,448 | 5,476,133 |
| Crude oil and natural gas properties, successful efforts method: | ||
| Proved properties | 94,189,372 | 64,799,213 |
| Accumulated depreciation, depletion, amortization and impairment | (352,127) | (9,592,296) |
| Total oil and natural gas properties, net | 93,837,245 | 55,206,917 |
| Other property, plant and equipment, net | - | 83,004 |
| Operating lease assets, net of accumulated depreciation | - | 126,678 |
| Note and interest receivable – related party | - | 3,809,003 |
| Other noncurrent assets | - | 6,668 |
| Long-term derivative instrument asset | 76,199 | - |
| Total assets | $100,725,892 | $64,708,403 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $4,795,208 | $1,218,054 |
| Accrued liabilities and other | 4,422,183 | 1,128,671 |
| Revenue and royalties payable | 461,773 | 617,163 |
| Revenue and royalties payable – related parties | 1,523,138 | - |
| Deferred underwriting fee payable | 1,300,000 | - |
| Short-term derivative instrument liabilities | - | 1,191,354 |
| Related party notes payable, net of discount | 2,359,048 | - |
| Current portion of operating lease liabilities | - | 70,232 |
| Current portion of long-term debt | 4,157,602 | - |
| Forward purchase agreement liability | 1,094,097 | - |
| Total current liabilities | 20,113,049 | 4,225,474 |
| Long-term debt, net of current portion and discount | 37,486,206 | 26,750,000 |
| Warrant liability | 4,777,971 | - |
| Deferred tax liability | 6,163,140 | - |
| Operating lease liabilities | - | 58,921 |
| Asset retirement obligations | 904,297 | 4,494,761 |
| Other liabilities | 675,000 | 675,000 |
| Total for non-current liabilities | 50,006,614 | 31,978,682 |
| Total liabilities | 70,119,663 | 36,204,156 |
| Commitments and Contingencies (Note 6) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | - | - |
| Class A common stock, $0.0001 par value; 100,000,000 authorized shares, 5,235,131 shares issued and outstanding at December 31, 2023 | 524 | - |
| Class B common stock, $0.0001 par value; 20,000,000 authorized shares, 1,800,000 shares issued and outstanding at December 31, 2023 | 180 | |
| Additional paid-in capital | 16,317,856 | - |
| Owners’ equity | - | 28,504,247 |
| Accumulated deficit | (19,118,745) | - |
| Total stockholders’ (deficit) equity attributable to HNR Acquisition Corp. | (2,800,185) | 28,504,247 |
| Noncontrolling interest | 33,406,414 | - |
| Total stockholders’ equity | 30,606,229 | 28,504,247 |
| Total liabilities and stockholders’ equity | $100,725,892 | $64,708,403 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.