Capital City Energy Group, Inc.

CIK:0001386041|SEC Filings

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUE
REVENUE	$ 86,079	$ 210,396	$ 277,057	$ 525,232
COST OF SALES	61,860	81,945	158,929	215,903
GROSS PROFIT	24,219	128,451	118,128	309,329
OPERATING EXPENSES
General and administrative expenses	42,507	30,600	130,270	143,631
Depletion, depreciation, and accretion	7,728	12,993	37,355	38,978
Impairment expense				31,768
Professional fees	84,509	101,891	296,512	377,484
Total Operating Expenses	134,744	145,484	464,137	591,861
LOSS FROM OPERATIONS	(110,525)	(17,033)	(346,009)	(282,532)
OTHER INCOME (EXPENSES)
Interest expense	(31,313)	(31,326)	(93,187)	(92,985)
Gain on settlement of debt			(53,253)
Total Other Income (Expenses)	(31,313)	(31,326)	(39,934)	(92,985)
LOSS BEFORE INCOME TAXES	(141,838)	(48,359)	(385,943)	(375,517)
NET INCOME LOSS	$ (141,838)	$ (48,359)	$ (385,943)	$ (375,517)
BASIC AND DILUTED LOSS PER SHARE	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING -BASIC AND DILUTED	85,949,061	85,949,061	85,949,061	85,827,828

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (385,943)	$ (375,517)
Adjustments to reconcile net loss to net used in operating activities:
Depreciation, depletion, and accretion	37,355	$ 38,978
Common stock issued for services		10,000
Impairment of oil and gas properties		$ 31,768
Gain on settlement of debt	(53,253)
Changes in operating assets and liabilities
Accounts receivable	(5,711)	(38,307)
Prepaid expenses and other current assets	(11,946)	(28,930)
Accounts payable and accrued expenses	125,017	309,505
Net Cash Used in Operating Activities	(294,481)	(52,503)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of participating interest	(10,000)
Purchase of fixed assets	(10,000)	(50,000)
Net Cash Used in Investing Activities	(20,000)	(50,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on notes payable	(1,250)	(3,250)
Net Cash Used by Financing Activities	(1,250)	(3,250)
NET DECREASE IN CASH	(315,731)	(105,753)
CASH AT BEGINNING OF PERIOD	389,775	640,342
CASH AT END OF PERIOD	74,044	534,589
CASH PAID FOR:
Interest	$ 63,585	$ 63,351

Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 74,044	$ 389,775
Accounts receivable	8,340	2,629
Other current assets	20,858	8,912
Total Current Assets	103,242	401,316
PROPERTY AND EQUIPMENT
Oil and gas properties	5,641,493	5,632,632
Accumulated depletion and depreciation	(5,345,331)	(5,312,829)
Total Property and Equipment	296,162	319,803
OTHER ASSETS
Security deposits	375	375
Total Other Assets	375	375
TOTAL ASSETS	399,779	721,494
CURRENT LIABILITIES
Accounts payable and accrued expenses	2,660,107	2,588,343
Participating interest	1,470,000	1,480,000
ARO liability	69,106	65,392
Joint venture liability	239,078	239,078
Notes payable, current portion	869,376	869,376
Total Current Liabilities	5,307,667	5,242,189
NON-CURRENT LIABILITIES
Notes payable, long-term	36,054	37,304
Total Non-Current Liabilities	36,054	37,304
TOTAL LIABILITIES	5,343,721	5,279,493
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock, $0.001 par value, 10,000,000 shares shares authorized, 3,062,234 shares issued and outstanding	3,062	3,062
Common stock, $0.001 par value, 500,000,000 shares authorized, 85,949,061 shares issued and outstanding	85,949	85,949
Additional paid-in capital	30,525,235	30,525,235
Retained earnings (deficit)	(35,558,188)	(35,172,245)
Total Stockholders' Equity (Deficit)	(4,943,942)	(4,557,999)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 399,779	$ 721,494