Financials

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 413,112 $ 1,477,089
Accounts receivable 574 1,611
Prepaid expenses 98,669 68,817
Deferred taxes 1,226 18,678
Total current assets 513,581 1,566,195
Property and equipment:    
Property and equipment 128,156 128,156
Less accumulated depreciation (122,574) (117,459)
Total property and equipment, net 5,582 10,697
Restricted cash and investments held in trust 139,956,554 138,980,353
Total assets 140,475,717 140,557,245
Current liabilities:    
Accounts payable 92,544 91,186
Accrued expenses 1,972 9,769
Income tax payable 184,227 85,722
Total current liabilities 278,743 186,677
Long term liabilities 0 0
Total liabilities 278,743 186,677
Commitments and contingencies
Redeemable non-controlling interest 139,694,307 138,870,060
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 36,331,359 36,164,596
Accumulated deficit (36,308,492) (35,143,888)
Total stockholders' equity 502,667 1,500,508
Total liabilities, redeemable non-controlling interest and stockholders' equity $ 140,475,717 $ 140,557,245
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Management fee income $ 0 $ 500,000 $ 0 $ 1,000,000
Total revenues 0 500,000 0 1,000,000
General and administrative expenses        
Salaries and benefits 308,587 336,858 628,327 675,428
Stock compensation 80,930 159,492 166,763 318,984
Professional services 26,384 30,113 111,326 96,736
Other general and administrative expenses 141,281 76,397 293,162 156,615
Total general and administrative expenses 557,182 602,860 1,199,578 1,247,763
Depreciation and amortization 2,557 2,634 5,115 5,734
Total operating expenses 559,739 605,494 1,204,693 1,253,497
Net operating loss (559,739) (105,494) (1,204,693) (253,497)
Other income (expense):        
Interest income 628,390 0 1,046,102 0
Unrealized gain on marketable securities held in Trust Account 2,806 0 60,720 0
Loss on disposal of property and equipment 0 0 0 (4,714)
Other income 569 0 740 0
Total other income (expense) 631,765 0 1,107,562 (4,714)
Income (loss) before provision for income taxes 72,026 (105,494) (97,131) (258,211)
Provision for income taxes 148,559 0 243,226 0
Net loss (76,533) (105,494) (340,357) (258,211)
Less net income attributable to redeemable non-controlling interest (455,042) 0 (824,247) 0
Net loss attributable to Black Ridge Oil & Gas, Inc. $ (531,575) $ (105,494) $ (1,164,604) $ (258,211)
Weighted average common shares outstanding - basic and fully diluted 479,799,900 47,979,990 479,799,900 47,979,990
Net loss per common share - basic and fully diluted $ (0.00) $ (0.00) $ (0.00) $ (0.01)
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss attributable to Black Ridge Oil & Gas, Inc. $ (1,164,604) $ (258,211)
Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities:    
Net income attributable to redeemable non-controlling interest 824,247 0
Interest income (1,046,102) 0
Unrealized gain on marketable securities held in Trust Account (60,720) 0
Depreciation and amortization 5,115 5,734
Loss on sale of property and equipment 0 4,714
Common stock options issued to employees and directors 166,763 318,984
Decrease (increase) in current assets:    
Accounts receivable 1,037 0
Due from Black Ridge Holding Company LLC 0 765
Prepaid expenses (29,852) 40,701
Deferred taxes 17,452 0
Increase (decrease) in current liabilities:    
Accounts payable 1,358 47,358
Accrued expenses (7,797) (13,534)
Taxes payable 98,505 0
Net cash provided by (used in) operating activities (1,194,598) 146,511
CASH FLOWS FROM INVESTING ACTIVITIES    
Interest income released from Trust Account for taxes and franchise fees 130,621 0
Proceeds from sale of property and equipment 0 2,160
Net cash provided by investing activities 130,621 2,160
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of deferred offering costs 0 (167,646)
Net cash provided by (used in) financing activities 0 (167,646)
NET CHANGE IN CASH (1,063,977) (18,975)
CASH AT BEGINNING OF PERIOD 1,477,089 66,269
CASH AT END OF PERIOD 413,112 47,294
SUPPLEMENTAL INFORMATION:    
Interest paid 0 0
Income taxes paid $ 127,269 $ 0