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For the fiscal year ended 31 December 2016, Cardinal Energy Group Inc revenues decreased 100% to $1K. Net loss increased from $8.6M to $25.9M. Revenues reflect Related party Income from contract devel decrease from $622K to $0K, Operating income from escrowed property decrease from $250K to $0K, Oil and gas revenues decrease of 97% to $1K. Higher net loss reflects Gain on change in the fair value of deri decrease from $709K (income) to $21.4M (expense).
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Total Revenue | 0 | 0.01 | 0.02 | 0.02 |
Gross Profit | -0.03 | 0.01 | 0.01 | 0.01 |
Operating Income | -2.3 | -0.11 | -0.17 | -0.12 |
Net Income | -25.86 | -3.09 | 2.71 | -7.36 |
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Total Assets | 0.13 | 0.66 | 0.66 | 0.73 |
Total Liabilities | 33.03 | 16.62 | 13.61 | 16.37 |
Total Equity | -32.9 | -15.96 | -12.95 | -15.64 |
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Period Length: | 12 Months | 9 Months | 6 Months | 3 Months |
Cash From Operating Activities | -0.24 | -0.19 | -0.12 | -0.11 |
Cash From Investing Activities | 0.15 | 0.11 | 0.11 | 0.11 |
Cash From Financing Activities | 0.07 | 0.06 | -0.01 | -0.02 |
Net Change in Cash | -0.02 | -0.02 | -0.02 | -0.01 |
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