10-Q Filing

AgEagle Aerial Systems Inc. CIK: 8504 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-044573`
Period End Date	20130630
Filing Date	20130812
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	enrj-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 70 Cash Flow Statement 63

Balance Sheet 74 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`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`Cash`	$767.49K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Cash	`Cash`	$2.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.78M	shares	Point-in-time
Cash	`Cash`	$1.57M	USD	Point-in-time
Cash	`Cash`	$231.33K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$988.26K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.78M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.22M	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`	$611.43K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$528.47K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.68M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.85M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.59M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentGross`	$284.44K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.68M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentGross`	$309.88K	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	5.75M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	5.75M	shares	Point-in-time
Oil properties using full-cost accounting, net of accumulated DD&A	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$34.96M	USD	Point-in-time
Oil properties using full-cost accounting, net of accumulated DD&A	`OilAndNaturalGasPropertiesFullCostMethodNotSubjectToAmortization`	$33.20M	USD	Point-in-time
Total assets	`Assets`	$37.05M	USD	Point-in-time
Total assets	`Assets`	$38.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$590.21K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$598.34K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$757.18K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$789.05K	USD	Point-in-time
Note Payable	`OtherLongTermNotesPayable`	$825.00K	USD	Point-in-time
Note Payable	`OtherLongTermNotesPayable`	$425.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.56M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.34M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.34M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$8.50M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$420.74K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.04M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$10.88M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$12.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.05M	USD	Point-in-time
Commitments & Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments & Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 25,000,000 shares authorized, 4,779,460 shares issued and outstanding	`PreferredStockValue`	$4.78K	USD	Point-in-time
Preferred stock, $0.001 par value, 25,000,000 shares authorized, 4,779,460 shares issued and outstanding	`PreferredStockValue`	$4.78K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 73,676,529 at June 30, 2013 and 73,586,529 at December 31, 2012	`CommonStockValue`	$73.59K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 73,676,529 at June 30, 2013 and 73,586,529 at December 31, 2012	`CommonStockValue`	$73.68K	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
Paid-in capital	`AdditionalPaidInCapital`	$45.35M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$45.44M	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`	$-20.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.04M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$21.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$38.10M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$2.20M	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$2.05M	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$4.53M	USD	2 Qtrs
Oil revenues	`OilAndGasRevenue`	$3.95M	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$1.53M	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$745.50K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$751.96K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$1.35M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$407.92K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$830.52K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$418.56K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$863.10K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$269.26K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$672.73K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$625.48K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$339.76K	USD	1 Quarter
Salaries	`SalariesAndWages`	$185.98K	USD	1 Quarter
Salaries	`SalariesAndWages`	$109.50K	USD	1 Quarter
Salaries	`SalariesAndWages`	$243.38K	USD	2 Qtrs
Salaries	`SalariesAndWages`	$431.99K	USD	2 Qtrs
Administrative expense	`GeneralAndAdministrativeExpense`	$202.03K	USD	1 Quarter
Administrative expense	`GeneralAndAdministrativeExpense`	$445.93K	USD	2 Qtrs
Administrative expense	`GeneralAndAdministrativeExpense`	$174.24K	USD	1 Quarter
Administrative expense	`GeneralAndAdministrativeExpense`	$313.65K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.80M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$3.77M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$3.55M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$244.46K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$396.74K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$404.92K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$765.79K	USD	2 Qtrs
Interest expense	`InterestExpense`	$69.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$137.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$137.61K	USD	2 Qtrs
Interest expense	`InterestExpense`	$255.37K	USD	2 Qtrs
Gain on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$2.88M	USD	1 Quarter
Gain on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$167.82K	USD	2 Qtrs
Gain on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$407.76K	USD	1 Quarter
Gain on derivatives	`GainLossOnDerivativeInstrumentsNetPretax`	$1.69M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$22.25K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$9.79K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$58.38K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$49.21K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$2.82M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$319.85K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.58M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-29.17K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$716.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$736.62K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Net incomeattributed to EnerJex Resources, Inc.	`ProfitLoss`	$2.97M	USD	1 Quarter
Net incomeattributed to EnerJex Resources, Inc.	`ProfitLoss`	$1.83M	USD	2 Qtrs
Net incomeattributed to EnerJex Resources, Inc.	`ProfitLoss`	$716.59K	USD	1 Quarter
Net incomeattributed to EnerJex Resources, Inc.	`ProfitLoss`	$736.62K	USD	2 Qtrs
Net income attributed to non controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-91.15K	USD	1 Quarter
Net income attributed to non controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-145.36K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$716.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$736.62K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	2 Qtrs
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Net income (loss) per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.71M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.84M	shares	1 Quarter
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.84M	shares	2 Qtrs
Weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.69M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$716.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$736.62K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.98M	USD	2 Qtrs
Depreciation, depletion and amortization	`AdjustmentDepreciationAndDepletion`	$830.52K	USD	2 Qtrs
Depreciation, depletion and amortization	`AdjustmentDepreciationAndDepletion`	$863.10K	USD	2 Qtrs
Stock, options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$140.50K	USD	2 Qtrs
Stock, options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$88.46K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$56.39K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$47.57K	USD	2 Qtrs
Settlement of asset retirement obligation	`AssetRetirementObligationCashPaidToSettle`	$36.76K	USD	2 Qtrs
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$2.30M	USD	2 Qtrs
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$590.50K	USD	2 Qtrs
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.66K	USD	2 Qtrs
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.79K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-208.25K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-233.70K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$75.09K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$137.67K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-900.07K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-233.52K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-16.56K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$20.95K	USD	2 Qtrs
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$356.53K	USD	2 Qtrs
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$567.67K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$41.42K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.24K	USD	2 Qtrs
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$4.55M	USD	2 Qtrs
Additions to oil properties	`PaymentsToAcquireOilAndGasProperty`	$3.04M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$452.12K	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`	$-2.63M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$17.48K	USD	2 Qtrs
Payments notes payable	`RepaymentsOfNotesPayable`	$400.00K	USD	2 Qtrs
Payments notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$1.10M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$2.50M	USD	2 Qtrs
Distribution to non-controlling interest in subsidiary	`PaymentsOfDistributionsToAffiliates`	$236.38K	USD	2 Qtrs
Distribution to non-controlling interest in subsidiary	`PaymentsOfDistributionsToAffiliates`	-	USD	2 Qtrs
Sale of non controlling interest in subsidiary	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Sale of non controlling interest in subsidiary	`ProceedsFromMinorityShareholders`	$2.00M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$367.65K	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$60.00K	USD	2 Qtrs
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.73M	USD	2 Qtrs
Cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.79M	USD	2 Qtrs
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.20M	USD	2 Qtrs
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-536.16K	USD	2 Qtrs
Cash - beginning	`Cash`	$767.49K	USD	Point-in-time
Cash - beginning	`Cash`	$2.77M	USD	Point-in-time
Cash - beginning	`Cash`	$1.57M	USD	Point-in-time
Cash - beginning	`Cash`	$231.33K	USD	Point-in-time
Cash - ending	`Cash`	$767.49K	USD	Point-in-time
Cash - ending	`Cash`	$2.77M	USD	Point-in-time
Cash - ending	`Cash`	$1.57M	USD	Point-in-time
Cash - ending	`Cash`	$231.33K	USD	Point-in-time
Interest paid	`InterestPaid`	$117.59K	USD	2 Qtrs
Interest paid	`InterestPaid`	$90.04K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Share based payments issued for services	`StockIssued1`	$140.50K	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.