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For the nine months ended 30 June 2017, ERHC Energy Inc. revenues increased from $0K to $55K. Net loss decreased 24% to $2.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Exploration costs decrease of 76% to $747K (expense), General and administrative expenses decrease of 48% to $933K (expense).
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Revenue | 0 | 0.02 | 0.04 | 0 |
Gross Profit | ||||
Operating Income | -0.14 | -0.53 | -1.27 | -8.04 |
Net Income | -0.19 | -0.79 | -1.94 | -8.23 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Total Assets | 5.56 | 5.56 | 5.92 | 6.22 |
Total Liabilities | 13.92 | 13.73 | 13.67 | 13.07 |
Total Equity | -8.37 | -8.18 | -7.75 | -6.84 |
Period Ending: | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.57 | -0.58 | -0.39 | -4.74 |
Cash From Investing Activities | 0.19 | 0.19 | 0.12 | 3.99 |
Cash From Financing Activities | 0.08 | 0.08 | 0.08 | 0.44 |
Net Change in Cash | -0.29 | -0.31 | -0.18 | -0.32 |
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