Tamboran Resources Corp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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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, 2024 · Filed Nov 12, 2024
TBN$28.53-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(6,755,567) | $(3,752,133) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 30,675 | 29,012 |
| Stock-based compensation | 1,129,450 | 268,403 |
| Foreign exchange (gain) loss, net | 254,032 | (614,346) |
| Loss on remeasurement of assets classified as held for sale | 376,000 | — |
| Accretion of asset retirement obligations | 257,738 | 214,315 |
| Changes in operating assets and liabilities: | ||
| Trade and other receivables | 879,882 | 76,299 |
| Prepaid expenses and other assets | (184,096) | (969,309) |
| Accounts payable and accrued expenses | (150,084) | 1,242,374 |
| Other non-current liabilities | 8,394 | 162,590 |
| Net cash used in operating activities | (4,153,576) | (3,342,795) |
| Cash flows from investing activities: | ||
| Payments for exploration and evaluation | (12,226,577) | (18,867,528) |
| Payments for assets under construction | (2,669,138) | — |
| Advance received for sale of assets held for sale | 400,000 | — |
| Net cash used in investing activities | (14,495,715) | (18,867,528) |
| Cash flows from financing activities: | ||
| Proceeds from issue of common stock | — | 36,151,220 |
| Proceeds from issue of shares under greenshoe option | 7,410,000 | — |
| Contributions received from noncontrolling interest holders | 11,454,459 | — |
| Common stock issue transaction costs | (2,120,042) | (1,752,807) |
| Net cash from financing activities | 16,744,417 | 34,398,413 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (1,904,874) | 12,188,090 |
| Cash and cash equivalents and restricted cash at the beginning of period | 74,745,897 | 7,056,136 |
| Effects of exchange rate changes on cash and cash equivalents | 1,200,981 | 2,377,745 |
| Cash and cash equivalents and restricted cash at the end of period | $74,042,004 | $21,621,971 |
| Supplemental cash flow information: | ||
| Non-cash investing and financing activities: | ||
| Accrued capital expenditure | $2,683,682 | $619,591 |
| Asset retirement obligations | $(326,433) | $(72,433) |
| Stock-based compensation | $(1,129,450) | $(268,403) |
| Contribution receivable from noncontrolling interest holders | $3,306,021 | $6,149,495 |
| Operating lease right-of-use assets and lease liabilities | $(57,052) | $(78,933) |
| Interest accrued on finance lease liabilities | $(795,924) | $(815,910) |
| Finance lease right-of-use assets and lease liabilities | $— | $(25,812,769) |
| Non-cash finance lease costs capitalized to unproved properties | $3,328,639 | $3,913,442 |
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