MEXCO ENERGY CORP
For the period ended Mar 31, 2025. Filed Jun 27, 2025.
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FY2025 · Filed Jun 27, 2025
MXC$8.86-0.6%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
Consolidated Balance Sheets
| March 31, | March 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,753,955 | $2,473,484 |
| Accounts receivable: | ||
| Oil and natural gas sales | 1,113,588 | 1,001,709 |
| Trade | 67,951 | 9,186 |
| Prepaid drilling | 24,381 | 148,748 |
| Prepaid costs and expenses | 60,981 | 56,193 |
| Total current assets | 3,020,856 | 3,689,320 |
| Property and equipment, at cost | ||
| Oil and gas properties, using the full cost method | 51,611,782 | 48,304,585 |
| Other | 121,926 | 121,926 |
| Accumulated depreciation, depletion and amortization | (36,637,530) | (34,184,837) |
| Property and equipment, net | 15,096,178 | 14,241,674 |
| Investment – cost basis | 2,100,000 | 1,100,000 |
| Operating lease, right-of-use asset | 126,525 | 19,263 |
| Other noncurrent assets | 4,298 | 8,597 |
| Total assets | $20,347,857 | $19,058,854 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $307,387 | $221,603 |
| Income tax payable | 192,802 | 189,254 |
| Operating lease liability, current | 51,003 | 19,263 |
| Total current liabilities | 551,192 | 430,120 |
| Long-term liabilities | ||
| Operating lease liability, long-term | 75,522 | - |
| Deferred income tax liability | 320,604 | 311,661 |
| Asset retirement obligations | 688,842 | 688,808 |
| Total long-term liabilities | 1,084,968 | 1,000,469 |
| Total liabilities | 1,636,160 | 1,430,589 |
| Commitments and contingencies | - | - |
| Stockholders’ equity | ||
| Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding | - | - |
| Common stock - $0.50 par value; 40,000,000 shares authorized; 2,239,283 and 2,226,916 shares issued; and, 2,046,000 and 2,091,399 shares outstanding as of March 31, 2025 and 2024 | 1,119,641 | 1,113,458 |
| Additional paid-in capital | 8,844,953 | 8,567,856 |
| Retained earnings | 10,625,849 | 9,122,481 |
| Treasury stock, at cost (193,283 and 135,517 shares, respectively) | (1,878,746) | (1,175,530) |
| Total stockholders’ equity | 18,711,697 | 17,628,265 |
| Total liabilities and stockholders’ equity | $20,347,857 | $19,058,854 |
The accompanying notes to the consolidated financial statements are an integral part of these statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.