ALLIED RESOURCES INC
CIK:0001211524|SEC Filings
ALLIED RESOURCES INC STATEMENTS OF OPERATIONS THREE AND SIX MONTHS ENDED JUNE 30, 2016 AND 2015 - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Revenues | ||||
| Oil and gas Revenues | $ 85,344 | $ 53,190 | $ 165,335 | $ 164,291 |
| Revenues | 85,344 | 53,190 | 165,335 | 164,291 |
| Cost of Revenue | ||||
| Gross Profit | 85,344 | 53,190 | 165,335 | 164,291 |
| Operating Expenses | ||||
| Production Costs | 76,208 | 66,802 | 158,477 | 156,200 |
| Amortization of Deferred Charges | ||||
| Depreciation Depletion and Amortization | 14,846 | 11,173 | 29,798 | 22,486 |
| General and Administrative Expense | 72,319 | 87,601 | 106,976 | 122,143 |
| Operating Expenses | 163,373 | 165,576 | 295,251 | 300,829 |
| OperatingCostAnd Expenses | 163,373 | 165,576 | 295,251 | 300,829 |
| Operating Income (Loss) | (78,029) | (112,386) | (129,916) | (136,538) |
| Investment Income, Nonoperating | ||||
| Investment Income, Net | 490 | 760 | 1,871 | 1,977 |
| Investment Income, Nonoperating | 490 | 760 | 1,871 | 1,977 |
| Nonoperating Income (Expense) | 490 | 760 | 1,871 | 1,977 |
| Interest and Debt Expense | ||||
| Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | (77,539) | (111,626) | (128,045) | (134,561) |
| Net Income (Loss) Attributable to Parent | $ (77,539) | $ (111,626) | $ (128,045) | $ (134,561) |
| Earnings Per Share | ||||
| Earnings Per Share, Basic and Diluted | $ (0.01) | $ (0.02) | $ (0.02) | $ (0.02) |
| Weighted Average Number of Shares Outstanding, Basic and Diluted | 5,653,000 | 5,653,000 | 5,653,000 | 5,653,000 |
ALLIED RESOURCES, INC. STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2016 AND 2015 - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Net Cash Provided by (Used in) Operating Activities | ||
| Net Income (Loss) | $ (128,045) | $ (134,561) |
| Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | ||
| Other Depreciation and Amortization | 29,708 | 22,486 |
| Accretion Expense | 5,808 | 5,533 |
| Increase (Decrease) in Operating Assets | ||
| Increase (Decrease) in Receivables | (3,258) | 43,737 |
| Increase (Decrease) in Operating Liabilities | ||
| Increase (Decrease) in Accounts Payable | 36,422 | 5,728 |
| Net Cash Provided by (Used in) Operating Activities | (59,275) | (57,077) |
| Net Cash Provided by (Used in) Financing Activities | ||
| Cash and Cash Equivalents, Period Increase (Decrease) | (59,275) | (57,077) |
| Cash and Cash Equivalents, at Carrying Value | 1,265,126 | 1,412,161 |
| Cash and Cash Equivalents, at Carrying Value | $ 1,205,851 | $ 1,355,084 |