Prairie Operating Co
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
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FY2023 · Filed Mar 19, 2024
PROP$0.39-4.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $13,036,950 | $79,845 |
| Accounts and other receivable | 329,750 | — |
| Prepaid expenses | 164,391 | — |
| Total current assets | 13,531,091 | 79,845 |
| Property and equipment: | ||
| Oil and natural gas properties, successful efforts method of accounting ($28,705,404 excluded from amortization at December 31, 2023) | 28,705,404 | — |
| Cryptocurrency mining equipment | 4,293,422 | — |
| Less: Accumulated depreciation, depletion and amortization | (1,111,115) | — |
| Total property and equipment, net | 31,887,711 | |
| Operating lease assets | 155,253 | — |
| Deferred transaction costs | 108,956 | 1,760,665 |
| Total assets | $45,683,011 | $1,840,510 |
| Liabilities and Members’ Deficit/Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $5,374,494 | $2,219,946 |
| Accrued interest and expenses – related parties | — | 2,084 |
| Operating lease liabilities, current | 41,890 | — |
| Total current liabilities | 5,416,384 | 2,222,030 |
| Long-term liabilities: | ||
| Operating lease liabilities, long-term | 93,816 | — |
| Total long-term liabilities | 93,816 | — |
| Total liabilities | 5,510,200 | 2,222,030 |
| Commitments and contingencies (Note 11) | ||
| Members’ deficit | — | (381,520) |
| Stockholders’ equity: | ||
| Series D convertible preferred stock; $0.01 par value; 50,000 shares authorized and 20,627 shares issued and outstanding at December 31, 2023; zero shares authorized, issued and outstanding at December 31, 2022 | 206 | — |
| Series E convertible preferred stock; $0.01 par value; 50,000 shares authorized and 20,000 shares issued and outstanding at December 31, 2023; zero shares authorized, issued and outstanding at December 31, 2022 | 200 | — |
| Common stock; $0.01 par value; 500,000,000 shares authorized and 9,826,719 shares issued and outstanding at December 31, 2023; zero shares authorized, issued and outstanding at December 31, 2022 | 98,267 | — |
| Additional paid-in capital | 118,927,814 | — |
| Accumulated deficit | (78,853,677) | — |
| Total stockholders’ equity | 40,172,811 | — |
| Total liabilities and members’ deficit/stockholders’ equity | $45,683,011 | $1,840,510 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.