Torchlight energy resources inc (TRCH)
Balance Sheet / Yearly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash

89

760

415

1,595

840

878

3,141

1,162

1,051

385

1,465

140

1,769

218

318

626

1,026

1,891

212

12

179

561

1,053

1,873

1,811

1,215

784

-

63

1

-

-

-

-

-

-

Accounts receivable

199

236

193

234

179

229

176

611

596

609

600

599

603

655

662

499

741

85

85

138

223

205

330

629

429

516

-

-

92

-

-

-

-

-

-

-

Production revenue receivable

100

-

-

-

294

-

-

-

142

-

-

-

7

-

-

-

199

-

-

-

210

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Subscription receivable

250

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production revenue receivable

-

47

106

157

-

4

47

141

-

7

13

6

-

5

8

203

-

301

374

370

-

972

777

-

-

-

-

-

-

-

-

-

-

-

-

-

Subscriptions receivable

-

-

156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

507

513

515

515

408

294

129

0

-

-

-

-

-

-

-

-

-

-

-

Prepayments - development costs

0

-

-

-

146

-

-

-

1,335

-

-

-

583

-

-

-

0

-

-

-

20

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Prepayments - development costs

-

1

1

2

-

177

180

0

-

0

1,747

327

-

1,000

150

88

-

10

10

13

-

636

824

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts and Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,120

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,382

-

-

0

45

518

40

218

278

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

-

-

-

-

-

-

-

-

Accounts receivable.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

0

24

17

17

17

0

Debt issuance cost, net of amortization of $50,794 at September 30, 2012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

-

-

-

-

Accounts receivable other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-

-

-

-

-

Debt issuance cost, net of amortization of $33,863 at June 30, 2012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

50

-

-

-

-

Prepaid expenses

96

167

137

29

60

86

112

17

39

52

71

0

26

0

0

0

38

0

0

0

29

24

39

53

9

73

36

19

8

20

20

23

16

22

18

1

Total current assets

735

1,213

1,011

2,019

1,521

1,376

3,658

1,933

3,165

1,054

3,899

1,073

2,990

1,879

1,139

1,419

2,006

2,796

1,194

1,051

1,179

2,809

3,320

2,686

2,250

1,805

1,940

1,464

164

188

129

144

551

80

254

279

Oil and gas properties, net

40,182

42,316

40,401

39,028

36,565

34,400

32,714

29,998

25,579

21,181

15,608

13,738

9,392

9,550

9,312

9,253

7,057

14,224

15,492

35,551

34,498

33,288

26,316

17,964

13,038

9,683

-

-

3,461

-

-

-

-

-

-

-

Investment in oil and gas properties - unevaluated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

682

3,822

3,706

-

-

-

1,114

Accumulated depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

-

-

-

-

-

-

Office equipment, net

6

6

7

1

4

6

9

12

15

20

21

26

29

31

34

39

43

46

48

51

55

58

61

27

11

10

-

-

-

3,612

-

-

-

-

-

-

Investment in oil and gas properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,838

3,543

-

3,018

-

-

3,182

-

-

-

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

2

4

5

6

-

12

14

16

353

553

625

999

920

1,060

1,123

710

473

-

-

-

0

-

-

-

Investment in oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,197

2,822

-

Goodwill,

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

447

447

447

447

447

447

447

447

447

447

447

-

447

447

447

Other assets

0

0

0

6

6

6

6

6

6

6

6

7

18

18

43

48

80

123

87

63

63

78

74

74

74

21

-

-

0

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

447

-

-

-

TOTAL ASSETS

40,924

43,536

41,420

41,055

38,097

35,790

36,389

31,950

28,767

22,262

19,535

14,846

12,433

11,483

10,535

10,767

9,188

17,203

16,837

36,733

36,150

37,235

30,846

22,199

16,743

13,028

11,350

6,165

4,547

4,248

4,399

4,297

4,181

3,724

3,523

1,841

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

1,444

514

741

1,093

729

488

520

580

762

3,434

242

227

422

557

1,707

2,458

1,153

4,419

6,825

5,947

4,018

3,777

3,479

2,064

985

1,059

1,388

36

89

300

198

22

45

187

131

251

12% 2020 Unsecured promissory notes, net of $127,170 of discount and financing costs

8,437

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured promissory notes, net of discount and financing costs of $315,404 at September 30, 2019

-

12,248

12,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10% 2021 Convertible promissory notes payable

540

-

-

-

0

-

-

-

-

0

0

3,523

-

3,431

-

-

-

0

0

12,123

-

6,621

5,952

5,425

-

4,688

-

-

-

-

389

438

-

-

-

0

Note payable within one year - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

134

131

128

205

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

2,000

8,000

8,000

-

0

-

-

-

-

-

-

-

-

-

-

-

129

-

-

-

829

-

-

-

753

-

-

-

-

-

371

346

-

-

-

184

Funds received pending settlement

-

-

-

-

-

0

0

520

520

520

520

520

520

520

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll

996

951

906

861

816

771

785

740

695

650

605

560

565

840

671

652

590

678

240

251

240

240

240

240

0

128

80

261

62

-

-

-

0

-

157

-

Related party payables

45

45

45

45

45

45

45

45

45

45

45

274

237

81

276

130

130

90

90

90

90

90

90

90

90

90

788

-

768

-

-

-

-

-

-

40

Notes payable within one year

-

-

-

-

-

-

-

-

-

-

-

-

-

0

105

602

-

451

937

863

-

67

674

772

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

59

59

-

-

-

-

-

Due to working interest owners

54

54

54

54

54

54

54

54

54

54

54

54

54

66

216

108

103

37

43

72

73

362

528

444

580

492

-

-

0

-

-

-

-

-

-

-

Advances from working interest owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325

-

-

-

-

-

-

-

-

-

Convertible promissory note, net of discount of $0 at September 30, 2011 and $34,000 at December 31, 2010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

262

262

-

Accrued interest payable

445

1,205

900

881

553

285

206

354

202

147

53

0

6

0

161

283

173

258

268

535

383

388

277

298

309

228

150

-

10

70

50

32

14

6

0

0

Related party payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

773

-

540

420

300

258

-

-

-

Notes payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

-

Interest payable.,

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

-

-

-

-

-

-

-

-

Total current liabilities

13,962

23,019

22,767

2,936

2,198

1,644

1,611

2,294

2,279

4,852

1,520

5,160

5,283

5,631

6,653

4,363

2,485

5,935

8,404

19,883

13,052

11,547

11,241

9,335

2,719

1,998

2,733

1,124

981

1,772

1,489

1,139

906

457

552

476

Unsecured promissory notes, net of discount

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured promissory notes, net of discount and financing costs of $573,279 at March 31, 2019 and $702,217 at December 31, 2018

-

-

-

11,991

-

11,733

11,604

11,475

-

7,183

7,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12% 2021 Unsecured promissory notes, net of $59,297 of discount and financing costs

3,940

-

-

8,000

11,862

3,000

3,000

3,250

-

-

-

-

3,478

-

-

-

0

-

-

-

7,417

-

-

-

0

-

-

-

51

-

-

-

-

-

-

-

8% 2021 Convertible promissory notes payable, net of $1,186,029 of discount and BCF

773

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured promissory notes, net of discount and financing costs of $702,217 at December 31, 2018 and $795,017 at December 31, 2017

-

-

-

-

-

-

-

-

7,269

-

-

-

0

-

3,384

-

3,291

-

-

-

3,944

-

-

-

4,802

-

-

-

580

412

-

-

262

-

-

-

Note payable after and accrued interest

7,157

-

-

-

6,000

-

-

-

3,250

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible promissory notes payable, net of discount of $1,283,658

-

676

-

-

-

-

-

-

-

-

-

-

-

0

0

3,337

-

4,131

4,068

0

-

3,880

2,610

0

-

-

4,503

-

-

-

-

-

-

-

-

-

Notes payable

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligation

23

23

20

20

14

9

9

9

9

8

7

7

7

1

1

29

29

37

36

37

35

34

25

24

24

13

13

-

12

-

-

11

-

-

-

0

Total Liabilities

25,857

23,719

22,788

22,947

20,075

16,386

16,225

17,029

12,808

12,045

8,625

5,168

5,290

-

-

-

5,805

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible promissory notes, net of discount of $1,243,527 and $521,864 at March 31, 2013 and December 31, 2012, respectively.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,694

-

390

-

-

325

-

-

-

Convertible promissory notes, net of discount of $521,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Asset retirement obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

12

11

-

11

-

-

-

Commitments and contingencies

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, par value $0.001, 10,000,000 shares authorized; -0- issued and outstanding at December 30, 2019 and December 31, 2018

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

0

0

0

-

0

0

0

0

0

0

0

Common stock, par value $0.001 per share; 150,000,000 shares authorized; 76,222,042 issued and outstanding at December 30, 2019 70,112,376 issued and outstanding at December 31, 2018

76

74

73

71

70

70

70

63

63

60

60

58

55

50

45

35

33

31

29

23

23

23

20

18

16

14

13

13

13

13

15

5

14

4

4

3

Additional paid-in capital

114,143

112,878

110,441

109,028

107,266

107,142

106,867

100,139

99,403

95,871

95,548

93,263

89,675

66,544

63,976

62,832

78,252

60,455

55,823

43,014

43,108

43,385

35,776

28,917

21,978

15,724

11,428

9,399

8,381

7,088

7,046

6,040

5,861

5,486

5,001

2,006

Warrants outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

20,819

20,546

16,679

-

14,719

13,199

7,640

7,636

7,511

7,505

7,306

3,043

2,361

1,046

-

0

-

-

-

-

-

-

-

Accumulated deficit

-99,153

-93,134

-91,882

-90,992

-89,314

-87,809

-86,774

-85,282

-83,507

-85,714

-84,698

-83,644

-82,587

-81,564

-80,688

-76,510

-74,903

-68,106

-64,724

-33,864

-31,650

-29,147

-26,333

-23,402

-15,840

-11,772

-8,388

-6,080

-5,422

-4,638

-4,163

-2,898

-2,613

-2,223

-2,034

-645

Total stockholders' equity

15,066

19,817

18,631

18,107

18,022

19,403

20,163

14,921

15,959

10,217

10,910

9,678

7,142

5,850

3,880

3,036

3,382

7,099

4,328

16,812

19,117

21,773

16,968

12,839

9,197

6,327

4,099

3,332

2,972

2,463

2,898

3,146

3,263

3,267

2,971

1,364

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

40,924

43,536

41,420

41,055

38,097

35,790

36,389

31,950

28,767

22,262

19,535

14,846

12,433

11,483

10,535

10,767

9,188

17,203

16,837

36,733

36,150

37,235

30,846

22,199

16,743

13,028

11,350

6,165

4,547

4,248

4,399

4,297

4,181

3,724

3,523

1,841