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.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(UNAUDITED)
(In dollars, except share amounts)
| Three months ended September 30, | |||
|---|---|---|---|
| Note | 2024 | 2023 | |
| Revenue and other operating income | $— | $— | |
| Operating costs and expenses | |||
| Compensation and benefits, including stock-based compensation | (2,219,133) | (1,257,991) | |
| Consultancy, legal and professional fees | (1,679,678) | (1,380,871) | |
| Depreciation and amortization | (30,675) | (29,012) | |
| Loss on remeasurement of assets classified as held for sale | 3 | (376,000) | — |
| Accretion of asset retirement obligations | 6 | (257,738) | (214,315) |
| Exploration expense | (1,009,509) | (904,864) | |
| General and administrative | (1,405,338) | (528,939) | |
| Total operating costs and expenses | (6,978,071) | (4,315,992) | |
| Loss from operations | (6,978,071) | (4,315,992) | |
| Other income (expense) | |||
| Interest income, net | 796,043 | 83,788 | |
| Foreign exchange (loss) gain, net | (254,032) | 614,346 | |
| Other expenses, net | (319,507) | (134,275) | |
| Total other income (expense) | 222,504 | 563,859 | |
| Net loss | (6,755,567) | (3,752,133) | |
| Less: Net loss attributable to noncontrolling interest | (860,993) | (562,435) | |
| Net loss attributable to Tamboran Resources Corporation stockholders | $(5,894,574) | $(3,189,698) | |
| Comprehensive income (loss) | |||
| Net loss | $(6,755,567) | $(3,752,133) | |
| Other comprehensive income (loss) | |||
| Foreign currency translation | 12,148,177 | (5,317,598) | |
| Total comprehensive income (loss) | 5,392,610 | (9,069,731) | |
| Less: Total comprehensive income (loss) attributable to noncontrolling interest | 566,223 | (1,401,920) | |
| Total comprehensive income (loss) attributable to Tamboran Resources Corporation stockholders | $4,826,387 | $(7,667,811) | |
| Net loss per common stock | |||
| Basic and diluted | 10 | $(0.417) | $(0.376) |
| Weighted average number of common stock outstanding | |||
| Basic and diluted | 10 | 14,124,788 | 8,486,578 |
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