10-Q/A Filing

AgEagle Aerial Systems Inc. CIK: 8504 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-12-049933`
Period End Date	20120630
Filing Date	20120906
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	enrj-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 76 Cash Flow Statement 58

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$2.96M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Cash	`Cash`	$1.57M	USD	Point-in-time
Cash	`Cash`	$2.77M	USD	Point-in-time
Cash	`Cash`	$3.49M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.45M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.02M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.02M	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$261.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$114.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.36M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.39M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.39M	shares	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$529.37K	USD	Point-in-time
Fixed assets	`PropertyPlantAndEquipmentGross`	$529.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.36M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	3.75M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	3.75M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$269.42K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$232.51K	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$260.15K	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$296.86K	USD	Point-in-time
Properties not subject to amortization	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$7.92M	USD	Point-in-time
Properties not subject to amortization	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$8.10M	USD	Point-in-time
Properties subject to amortization	`OilAndNaturalGasPropertiesFullCostMethodSubjectToAmortization`	$17.84M	USD	Point-in-time
Properties subject to amortization	`OilAndNaturalGasPropertiesFullCostMethodSubjectToAmortization`	$21.60M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$25.76M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$29.71M	USD	Point-in-time
Total assets	`Assets`	$31.42M	USD	Point-in-time
Total assets	`Assets`	$34.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$144.74K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$123.79K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$959.11K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$75.41K	USD	Point-in-time
Long-term debt, current	`LongTermDebtCurrent`	$7.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.34M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$908.79K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.14M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.92M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.83M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$349.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.75M	USD	Point-in-time
Commitments & Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 4,779,460 shares issued and outstanding	`PreferredStockValue`	$4.78K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 4,779,460 shares issued and outstanding	`PreferredStockValue`	$4.78K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized; shares issued and outstanding 73,392,279 at June 30, 2012 and 73,355,279 at December 31, 2011	`CommonStockValue`	$73.41K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized; shares issued and outstanding 73,392,279 at June 30, 2012 and 73,355,279 at December 31, 2011	`CommonStockValue`	$73.88K	USD	Point-in-time
Treasury Stock, 3,750,000 shares	`TreasuryStockValue`	$1.50M	USD	Point-in-time
Treasury Stock, 3,750,000 shares	`TreasuryStockValue`	$1.50M	USD	Point-in-time
Equity based compensation unearned	`UnearnedESOPShares`	$230.81K	USD	Point-in-time
Equity based compensation unearned	`UnearnedESOPShares`	$192.34K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$44.80M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$43.56M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-552.59K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-552.59K	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.68M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-20.45M	USD	Point-in-time
Total stockholders' equity EnerJex Resources, Inc.	`StockholdersEquity`	$20.90M	USD	Point-in-time
Total stockholders' equity EnerJex Resources, Inc.	`StockholdersEquity`	$23.96M	USD	Point-in-time
Non controlling interest in subsidiary	`MinorityInterest`	$1.35M	USD	Point-in-time
Non controlling interest in subsidiary	`MinorityInterest`	$565.73K	USD	Point-in-time
Total stockholder's equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.47M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$34.06M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$3.05M	USD	2 Qtrs
Oil revenues	`OilAndGasRevenue`	$1.69M	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$3.95M	USD	2 Qtrs
Oil revenues	`OilAndGasRevenue`	$2.05M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$1.35M	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$1.67M	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$745.50K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$826.42K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$830.52K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$407.92K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$600.73K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$328.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$286.85K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$489.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$672.73K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$339.76K	USD	1 Quarter
Salaries	`SalariesAndWages`	$283.65K	USD	2 Qtrs
Salaries	`SalariesAndWages`	$165.00K	USD	1 Quarter
Salaries	`SalariesAndWages`	$109.50K	USD	1 Quarter
Salaries	`SalariesAndWages`	$243.38K	USD	2 Qtrs
Administrative expense	`GeneralAndAdministrativeExpense`	$461.01K	USD	2 Qtrs
Administrative expense	`GeneralAndAdministrativeExpense`	$445.93K	USD	2 Qtrs
Administrative expense	`GeneralAndAdministrativeExpense`	$202.03K	USD	1 Quarter
Administrative expense	`GeneralAndAdministrativeExpense`	$256.77K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.86M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$3.51M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$3.55M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$244.46K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-178.63K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-454.97K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$404.92K	USD	2 Qtrs
Interest expense	`InterestExpense`	$108.18K	USD	1 Quarter
Interest expense	`InterestExpense`	$137.61K	USD	2 Qtrs
Interest expense	`InterestExpense`	$69.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$222.50K	USD	2 Qtrs
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$1.20M	USD	1 Quarter
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.27M	USD	2 Qtrs
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$2.88M	USD	1 Quarter
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$1.69M	USD	2 Qtrs
Other income (loss)	`OtherNonoperatingIncomeExpense`	$22.25K	USD	2 Qtrs
Other income (loss)	`OtherNonoperatingIncomeExpense`	$9.79K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$11.96K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$24.04K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$1.58M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.47M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$1.10M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$2.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$921.60K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Net income (loss) attributed to EnerJex Resources, Inc.	`ProfitLoss`	$2.97M	USD	1 Quarter
Net income (loss) attributed to EnerJex Resources, Inc.	`ProfitLoss`	$1.83M	USD	2 Qtrs
Net income attributed to non controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-145.36K	USD	2 Qtrs
Net income attributed to non controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-91.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$921.60K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Net income (loss) per share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	68.86M	shares	2 Qtrs
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	69.81M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	69.71M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	69.69M	shares	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Weighted average shares-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.86M	shares	2 Qtrs
Weighted average shares-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.81M	shares	1 Quarter
Weighted average shares-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.71M	shares	1 Quarter
Weighted average shares-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.70M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.93M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$921.60K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Depreciation and depletion	`AdjustmentDepreciationAndDepletion`	$609.75K	USD	2 Qtrs
Depreciation and depletion	`AdjustmentDepreciationAndDepletion`	$830.52K	USD	2 Qtrs
Shares based payments issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$88.46K	USD	2 Qtrs
Shares based payments issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$38.47K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$44.19K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$47.57K	USD	2 Qtrs
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-660.81K	USD	2 Qtrs
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$2.30M	USD	2 Qtrs
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.66K	USD	2 Qtrs
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-630.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-208.25K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$444.44K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$75.09K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$661.41K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-233.52K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$20.95K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$373.94K	USD	2 Qtrs
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.10K	USD	2 Qtrs
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$567.67K	USD	2 Qtrs
Purchase of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$1.50M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.24K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$247.66K	USD	2 Qtrs
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$4.55M	USD	2 Qtrs
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$2.57M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00	USD	2 Qtrs
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.55M	USD	2 Qtrs
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.32M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$17.48K	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.69K	USD	2 Qtrs
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.40M	USD	2 Qtrs
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.44M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$1.10M	USD	2 Qtrs
Distribution to non controlling interest in subsidiary	`PaymentsOfDistributionsToAffiliates`	$236.38K	USD	2 Qtrs
Sale of non controlling interest in subsidiary	`ProceedsFromMinorityShareholders`	$2.00M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$60.00K	USD	2 Qtrs
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.79M	USD	2 Qtrs
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.83M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.20M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$529.38K	USD	2 Qtrs
Cash - beginning	`Cash`	$2.96M	USD	Point-in-time
Cash - beginning	`Cash`	$1.57M	USD	Point-in-time
Cash - beginning	`Cash`	$2.77M	USD	Point-in-time
Cash - beginning	`Cash`	$3.49M	USD	Point-in-time
Cash - ending	`Cash`	$2.96M	USD	Point-in-time
Cash - ending	`Cash`	$1.57M	USD	Point-in-time
Cash - ending	`Cash`	$2.77M	USD	Point-in-time
Cash - ending	`Cash`	$3.49M	USD	Point-in-time
Interest paid	`InterestPaid`	$90.04K	USD	2 Qtrs
Interest paid	`InterestPaid`	$108.18K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Share based payments issued for services	`StockIssued1`	$38.47K	USD	2 Qtrs
Share based payments issued for services	`StockIssued1`	$88.46K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.