Pilgrim Petroleum Corp. (PGPM)

[pepeoil]

That is correct, Zero cash and zero revenue.

Increase
/(decrease) in cash
( 1,
425
)
Cash, beginning of period
01
-
01
-
1
7
1
,
425
Cash, end of period
03
-
31
-
1
7
$
0

Additional paid in capital
2
,
532
,
299
Retaine
d earnings
3
8
,
983
,
943
TOTAL STOCKHOLDERS’ EQUITY
41
,
631
,
488
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY
$
4
8
,
899
,
863
See accountants’ report and accompanying notes
4
PILGRIM PETROLEUM CORPORATION
INCOME STATEMENT
FOR THE THREE MONTHS ENDED
MARCH
31, 20
1
7
Revenue
-
net
$
0
Cost of Production:
Lease operating expenses
0
Subcontrac
t expenses
0
Total cost of production
0
Gross Profit