Tuesday, July 28, 2015 2:24:52 PM
March 31,2015 September 30,2014
ASSETS
Current assets:
Cash and cash equivalents $1,496,658 $2,182,406
Investment in Oando Energy Resources 430,656 671,402
(decrease in shares value)
Deferred debt origination cost – short term 141,905 147,079
Prepaid expenses and other 248,306 246,922
Oil and gas concession fees 6,052,528 6,006,235
Furniture and equipment, 170,178 206,273
Deferred debt origination cost – LT 26,373 43,755
Income tax receivable 2,018,533 2,018,533
Prepaid expenses – long term 57,000 172,433
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Total assets $10,642,137 $11,695,038
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued liabilities $95,827 $379,639
Convertible note payable,
net of discount – short term 473,979 625,533
Derivative liability – short term 589,595 751,404
Convertible note payable, net of discount –
long term 35,554 38,076
Derivative liability – long term 125,710 270,538
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Total liabilities 1,320,665 2,065,190
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 05:35:35 PM
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