BIG SKY INDUSTRIAL INC.

For the period ended Sep 30, 2026. Filed Nov 10, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 10, 2026

BSIN$1.31-1.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets (unaudited)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

	September 30, 2026	December 31, 2025
ASSETS
Current assets:
Cash and equivalents	$2,915	$429
Oil and natural gas sales receivables	704	454
Marketable equity securities	89	146
Other current assets	853	956
Total current assets	4,561	1,985
Oil and natural gas properties under full cost method and industrial gas properties:
Evaluated oil and natural gas properties	132,837	132,459
Less accumulated depreciation, depletion and amortization	(118,239)	(117,237)
Net oil and natural gas properties	14,598	15,222
Unproved industrial gas properties, not subject to amortization	42,502	22,479
Other Assets:
Property and equipment, net	274	318
Right-of-use asset	220	356
Other assets	328	270
Total other assets	822	944
Total assets	$62,483	$40,630
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$7,054	$1,592
Revenue and royalties payable	3,977	3,921
Commodity derivative liability	140	-
Asset retirement obligations	477	300
Lease obligation	221	210
Total current liabilities	11,869	6,023
Noncurrent liabilities:
Credit facility	8,500	2,500
Asset retirement obligations	7,939	7,706
Lease obligation, net of current	38	206
Total noncurrent liabilities	16,477	10,412
Total liabilities	28,346	16,435
Commitments and contingencies (Note 8)
Shareholders’ equity:
Common stock, $0.01 par value; 245,000,000 shares authorized; 52,499,955 and 34,405,143 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively	525	345
Additional paid-in capital	254,484	235,762
Accumulated deficit	(220,872)	(211,912)
Total shareholders’ equity	34,137	24,195
Total liabilities and shareholders’ equity	$62,483	$40,630

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.