Financials

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 976,139 $ 1,477,089
Accounts receivable 570 1,611
Prepaid expenses 94,484 68,817
Deferred taxes 2,032 18,678
Total current assets 1,073,225 1,566,195
Property and equipment:    
Property and equipment 128,156 128,156
Less accumulated depreciation (120,017) (117,459)
Total property and equipment, net 8,139 10,697
Restricted cash and investments held in trust 139,455,979 138,980,353
Total assets 140,537,343 140,557,245
Current liabilities:    
Accounts payable 156,735 91,186
Accrued expenses 24,288 9,769
Income tax payable 163,743 85,722
Total current liabilities 344,766 186,677
Long term liabilities 0 0
Total liabilities 344,766 186,677
Commitments and contingencies
Redeemable non-controlling interest 139,239,265 138,870,060
Stockholders' equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized, 479,799,900 shares issued and outstanding 479,800 479,800
Additional paid-in capital 36,250,429 36,164,596
Accumulated deficit (35,776,917) (35,143,888)
Total stockholders' equity 953,312 1,500,508
Total liabilities, redeemable non-controlling interest and stockholders' equity $ 140,537,343 $ 140,557,245
v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Management fee income $ 0 $ 500,000
Total revenues 0 500,000
General and administrative expenses    
Salaries and benefits 319,740 338,570
Stock compensation 85,833 159,492
Professional services 84,942 66,623
Other general and administrative expenses 151,881 80,218
Total general and administrative expenses 642,396 644,903
Depreciation and amortization 2,558 3,100
Total operating expenses 644,954 648,003
Net operating loss (644,954) (148,003)
Other income (expense):    
Interest income 417,712 0
Unrealized gain on marketable securities held in Trust Account 57,914 0
Loss on disposal of property and equipment 0 (4,714)
Other income 171 0
Total other income (expense) 475,797 (4,714)
Loss before provision for income taxes (169,157) (152,717)
Provision for income taxes 94,667 0
Net loss (263,824) (152,717)
Less net income attributable to redeemable non-controlling interest (369,205) 0
Net loss attributable to Black Ridge Oil & Gas, Inc. $ (633,029) $ (152,717)
Weighted average common shares outstanding - basic 479,799,900 47,979,990
Weighted average common shares outstanding - fully diluted 479,799,900 47,979,990
Net loss per common share - basic $ (0.00) $ (0.00)
Net loss per common share - fully diluted $ (0.00) $ (0.00)
v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss attributable to Black Ridge Oil & Gas, Inc. $ (633,029) $ (152,717)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities from continuing operations:    
Interest income (417,712) 0
Unrealized gain on marketable securities held in Trust Account (57,914) 0
Net income attributable to redeemable non-controlling interest 369,205 0
Depreciation and amortization 2,558 3,100
Loss on sale of property and equipment 0 4,714
Common stock options issued to employees and directors 85,833 159,492
Decrease (increase) in current assets:    
Due from Black Ridge Holding Company LLC 0 587
Accounts receivable 1,041 0
Prepaid expenses (25,667) 25,645
Deferred taxes 16,646 0
Increase (decrease) in current liabilities:    
Accounts payable 65,549 17,259
Accrued expenses 14,519 10,520
Income taxes payable 78,021 0
Net cash provided by (used in) operating activities (500,950) 68,600
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 0 2,160
Net cash provided by investing activities 0 2,160
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash provided by financing activities 0 0
NET CHANGE IN CASH (500,950) 70,760
CASH AT BEGINNING OF PERIOD 1,477,089 66,269
CASH AT END OF PERIOD 976,139 137,029
SUPPLEMENTAL INFORMATION:    
Interest paid 0 0
Income taxes paid $ 0 $ 0