EON Resources Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 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 16, 2025
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, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $2,971,558 | $3,505,454 |
| Accounts receivable | ||
| Crude Oil and natural gas sales | 1,777,846 | 2,103,341 |
| Other | 4,418 | 90,163 |
| Short-term derivative instrument asset | 106,397 | 391,488 |
| Prepaid expenses and other current assets | 298,886 | 722,002 |
| Total current assets | 5,159,105 | 6,812,448 |
| Crude oil and natural gas properties, successful efforts method: | ||
| Proved Properties | 100,285,138 | 94,189,372 |
| Accumulated depreciation, depletion, amortization and impairment | (2,759,226) | (352,127) |
| Total oil and natural gas properties, net | 97,525,912 | 93,837,245 |
| Other property, plant and equipment, net | 20,000 | - |
| Long-term derivative instrument asset | - | 76,199 |
| TOTAL ASSETS | $102,705,017 | $100,725,892 |
| LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY | ||
| Current liabilities | ||
| Accounts payable | $8,870,324 | $4,033,208 |
| Accounts payable – related parties | 445,349 | 762,000 |
| Accrued liabilities and other | 7,923,613 | 4,422,183 |
| Revenue and royalties payable | 3,191,171 | 461,773 |
| Revenue and royalties payable - Related Parties | 132,563 | 1,523,138 |
| Deferred underwriting fee payable | 1,065,000 | 1,300,000 |
| Related party notes payable, net of discount | 3,556,750 | 2,359,048 |
| Current portion of warrant liability | 5,681,849 | - |
| Current portion of long term debt | 5,524,160 | 4,157,602 |
| Forward purchase agreement liability | - | 1,094,097 |
| Total current liabilities | 36,390,779 | 20,113,049 |
| Long-term debt, net of current portion and discount | 33,286,385 | 37,486,206 |
| Warrant liability | - | 4,777,971 |
| Convertible note liability | 891,364 | - |
| Deferred tax liability | 2,692,733 | 6,163,140 |
| Asset retirement obligations | 1,049,285 | 904,297 |
| Other liabilities | 675,000 | 675,000 |
| Total for non-current liabilities | 38,594,767 | 50,006,614 |
| Total liabilities | 74,985,546 | 70,119,663 |
| Commitments and Contingencies | ||
| Stockholders’ (deficit) equity | ||
| Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at December 31, 2024 and 2023, respectively | - | - |
| Class A Common stock, $0.0001 par value; 100,000,000 authorized shares, 10,323,205 and 5,235,131 shares issued and outstanding at December 31, 2024 and 2023, respectively | 1,032 | 524 |
| Class B Common stock, $0.0001 par value; 20,000,000 authorized shares, 500,000 and 1,800,000 shares issued and outstanding at December 31, 2024 and 2023, respectively | 50 | 180 |
| Additional paid in capital | 31,312,003 | 16,317,856 |
| Accumulated deficit | (28,199,028) | (19,118,745) |
| Total stockholders’ equity (deficit) attributable to HNR Acquisition Corp | 3,114,057 | (2,800,185) |
| Noncontrolling interest | 24,605,414 | 33,406,414 |
| Total stockholders’ equity | 27,719,471 | 30,606,229 |
| Total liabilities and stockholders’ equity | $102,705,017 | $100,725,892 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.