10-Q Filing

AgEagle Aerial Systems Inc. CIK: 8504 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-028728`
Period End Date	20130331
Filing Date	20130514
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	enrj-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 58

Balance Sheet 76 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Cash	`Cash`	$667.98K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Cash	`Cash`	$2.77M	USD	Point-in-time
Cash	`Cash`	$464.40K	USD	Point-in-time
Cash	`Cash`	$767.49K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.22M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.21M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.02M	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
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$374.59K	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`	$334.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.59M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentGross`	$309.88K	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentGross`	$291.45K	USD	Point-in-time
Oil properties using full-cost accounting, net of accumulated DD&A	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$33.20M	USD	Point-in-time
Oil properties using full-cost accounting, net of accumulated DD&A	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$34.29M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	5.75M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	5.75M	shares	Point-in-time
Total assets	`Assets`	$36.90M	USD	Point-in-time
Total assets	`Assets`	$37.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$518.20K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$590.21K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$757.18K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$927.15K	USD	Point-in-time
Note Payable	`OtherLongTermNotesPayable`	$825.00K	USD	Point-in-time
Note Payable	`OtherLongTermNotesPayable`	$625.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.34M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.39M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$10.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$8.50M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.04M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$901.92K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$12.29M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$10.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.44M	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 73,586,529 at March 31, 2013 and at December 31, 2012	`CommonStockValue`	$73.59K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized; shares issued and outstanding 73,586,529 at March 31, 2013 and at December 31, 2012	`CommonStockValue`	$73.59K	USD	Point-in-time
Treasury Stock, 5,750,000 shares	`TreasuryStockValue`	$2.55M	USD	Point-in-time
Treasury Stock, 5,750,000 shares	`TreasuryStockValue`	$2.55M	USD	Point-in-time
Equity based compensation unearned	`UnearnedESOPShares`	$134.64K	USD	Point-in-time
Equity based compensation unearned	`UnearnedESOPShares`	$153.88K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$45.35M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$45.37M	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`	$-20.71M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-20.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.90M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$1.90M	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$2.34M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$782.07K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$609.08K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$422.60K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$444.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$332.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$356.22K	USD	1 Quarter
Salaries	`SalariesAndWages`	$246.01K	USD	1 Quarter
Salaries	`SalariesAndWages`	$133.88K	USD	1 Quarter
Administrative expense	`GeneralAndAdministrativeExpense`	$243.90K	USD	1 Quarter
Administrative expense	`GeneralAndAdministrativeExpense`	$139.40K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.74M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$369.06K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$160.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$67.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$118.25K	USD	1 Quarter
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.19M	USD	1 Quarter
Gain (loss) on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$-239.94K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$12.46K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$9.17K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-349.02K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.24M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.04K	USD	1 Quarter
Net income (loss) attributed to EnerJex Resources, Inc.	`ProfitLoss`	$-1.14M	USD	1 Quarter
Net income (loss) attributed to EnerJex Resources, Inc.	`ProfitLoss`	$20.04K	USD	1 Quarter
Net income attributed to non- controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$54.21K	USD	1 Quarter
Net income attributed to non- controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.04K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStockCash`	$192.89K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStockCash`	-	USD	1 Quarter
Net (loss) attributable to EnerJex Resources, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.08M	USD	1 Quarter
Net (loss) attributable to EnerJex Resources, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-172.85K	USD	1 Quarter
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.84M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.65M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.04K	USD	1 Quarter
Depreciation, depletion and amortization	`AdjustmentDepreciationAndDepletion`	$444.54K	USD	1 Quarter
Depreciation, depletion and amortization	`AdjustmentDepreciationAndDepletion`	$422.60K	USD	1 Quarter
Shares based payments issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$52.94K	USD	1 Quarter
Shares based payments issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$49.33K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$22.40K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$28.19K	USD	1 Quarter
Loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-763.73K	USD	1 Quarter
Loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-28.77K	USD	1 Quarter
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.79K	USD	1 Quarter
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.88K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$274.10K	USD	1 Quarter
Deposits and prepaid expenses	`IncreaseDecreasePrepaidExpensesAndSundryDeposits`	$26.17K	USD	1 Quarter
Deposits and prepaid expenses	`IncreaseDecreasePrepaidExpensesAndSundryDeposits`	$-135.47K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-455.95K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.29M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$170.86K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-264.89K	USD	1 Quarter
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.35M	USD	1 Quarter
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-101.13K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$19.60K	USD	1 Quarter
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$1.50M	USD	1 Quarter
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$1.78M	USD	1 Quarter
Sales of oil properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	-	USD	1 Quarter
Sales of oil properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$15.00K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.60K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.78M	USD	1 Quarter
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.50M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$3.63K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$200.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$1.50M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$1.10M	USD	1 Quarter
Distribution to non-controlling interest in subsidiary	`PaymentsOfDistributionsToAffiliates`	-	USD	1 Quarter
Distribution to non-controlling interest in subsidiary	`PaymentsOfDistributionsToAffiliates`	$76.35K	USD	1 Quarter
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.30M	USD	1 Quarter
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-303.09K	USD	1 Quarter
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.10M	USD	1 Quarter
Cash - beginning	`Cash`	$667.98K	USD	Point-in-time
Cash - beginning	`Cash`	$2.77M	USD	Point-in-time
Cash - beginning	`Cash`	$464.40K	USD	Point-in-time
Cash - beginning	`Cash`	$767.49K	USD	Point-in-time
Cash - ending	`Cash`	$667.98K	USD	Point-in-time
Cash - ending	`Cash`	$2.77M	USD	Point-in-time
Cash - ending	`Cash`	$464.40K	USD	Point-in-time
Cash - ending	`Cash`	$767.49K	USD	Point-in-time
Interest paid	`InterestPaid`	$71.01K	USD	1 Quarter
Interest paid	`InterestPaid`	$45.26K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Share based payments issued for services	`StockIssued1`	$52.94K	USD	1 Quarter
Share based payments issued for services	`StockIssued1`	$49.33K	USD	1 Quarter

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