CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Years Ended December 31,
2011 2010 2009
Revenues
Oil and gas revenues $ 8,000,000 $ 6,302,000 5,067,000
Revenue from lease operations 289,000 319,000 317,000
Gas gathering, compression, equip rental 172,000 179,000 192,000
Real estate rental income 436,000 448,000 503,000
Interest Income 83,000 158,000 208,000
Other 360,000 250,000 626,000
Total Revenues 9,340,000 7,656,000 6,913,000
Expenses
Lease operations 2,444,000 1,901,000 1,640,000
Production taxes, gathering and marketing 809,000 712,000 807,000
Pipeline and rental operations 25,000 33,000 34,000
Real estate operations 225,000 246,000 249,000
Depreciation and amortization 1,152,000 1,042,000 997,000
ARO accretion expense 34,000 48,000 86,000
General and administrative 3,275,000 3,467,000 3,332,000
Interest expense 55,000 84,000 71,000
Total Expenses 8,019,000 7,533,000 7,216,000
Income Before Income Tax 1,321,000 123,000 (303,000)
Current income tax provision (benefit) (229,000) (97,000) (226,000)
Deferred income tax provision (benefit) (203,000) (227,000) (116,000)
Total income tax provision (benefit) (432,000) (324,000) (342,000)
Net Income $ 1,753,000 $ 447,000 39,000
Earnings per Share of Common Stock
Basic and Diluted $ 0.23 $ 0.06 $ 0.01
Weighted Average Shares Outstanding
Basic and Diluted 7,645,858 7,631,652 7,618,940
NEED Investment Ideas...?? GO TO:
http://investorshub.advfn.com/boards/board.aspx?board_id=10347
Recent SPND News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 05:40:14 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 06:17:06 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 06:02:55 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 03:11:28 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM