Prairie Operating Co

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

About this filing

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 Mar 6, 2025

PROP$0.39-4.3%Stored close · as of Nov 6, 2026

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

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Contents

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data

Table of Contents	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID: 298)	72
Consolidated Balance Sheets as of December 31, 2024 and 2023	74
Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023	75
Consolidated Statement of Stockholders’ Equity/Members’ Deficit for the Years Ended December 31, 2024 and 2023	76
Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023	77
Notes to Consolidated Financial Statements	78
Note 1 – Organization, Description of Business, and Basis of Presentation	78
Note 2 – Summary of Significant Accounting Policies	79
Note 3 – Discontinued Operations	85
Note 4 – Acquisitions and Merger	86
Note 5 – Derivative Instruments	88
Note 6 – Fair Value Measurements	89
Note 7 – Property and Equipment, net	92
Note 8 – Asset Retirement Obligation	93
Note 9 – Accounts Payable and Accrued Expenses	93
Note 10– Debt	93
Note 11 – Leases	96
Note 12 – Commitments and Contingencies	98
Note 13 – Preferred Stock	98
Note 14 – Common Stock	99
Note 15 – Common Stock Options and Warrants	100
Note 16 – Long–Term Incentive Compensation	101
Note 17 – Income Taxes	103
Note 18 – Related Party Transactions	105
Note 19 – Subsequent Events	106
Note 20 – Supplemental Oil and Gas Disclosures (Unaudited)	107

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.