Financials

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,138,678 $ 1,477,089
Accounts receivable 0 1,611
Prepaid expenses 116,458 68,817
Deferred taxes 0 18,678
Total current assets 2,255,136 1,566,195
Property and equipment:    
Property and equipment 128,156 128,156
Less accumulated depreciation (125,109) (117,459)
Total property and equipment, net 3,047 10,697
Restricted cash and investments held in trust 140,580,447 138,980,353
Total assets 142,838,630 140,557,245
Current liabilities:    
Accounts payable 107,879 91,186
Accrued expenses 21,843 9,769
Income tax payable 317,125 85,722
Deferred taxes 182 0
Total current liabilities 447,029 186,677
Long term liabilities 0 0
Total liabilities 447,029 186,677
Commitments and contingencies 0 0
Redeemable non-controlling interest 140,207,547 138,870,060
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, 479,844,900 and 479,799,900 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 479,845 479,800
Additional paid-in capital 36,409,666 36,164,596
Accumulated deficit (34,705,457) (35,143,888)
Total stockholders' equity 2,184,054 1,500,508
Total liabilities, redeemable non-controlling interest and stockholders' equity $ 142,838,630 $ 140,557,245
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total revenues $ 0 $ 0 $ 0 $ 1,000,000
Operating expenses:        
Salaries and benefits 285,839 331,284 914,166 1,006,712
Stock compensation 77,901 154,069 244,664 473,053
Professional services 39,348 11,783 150,674 108,519
Other general and administrative expenses 141,321 72,071 434,483 228,686
Total general and administrative expenses 544,409 569,207 1,743,987 1,816,970
Depreciation and amortization 2,535 2,557 7,650 8,291
Total operating expenses 546,944 571,764 1,751,637 1,825,261
Net operating loss (546,944) (571,764) (1,751,637) (825,261)
Other income (expense):        
Interest income 676,147 0 1,722,249 0
Unrealized gain on marketable securities held in Trust Account 4,898 0 65,618 0
Settlement income 2,250,000 0 2,250,000 0
Settlement expense (112,500) 0 (112,500) 0
Interest expense 0 (8,713) 0 (8,713)
Loss on disposal of property and equipment 0 0 0 (4,714)
Other income 200 0 940 0
Total other income (expense) 2,818,745 (8,713) 3,926,307 (13,427)
Income (loss) before provision for income taxes 2,271,801 (580,477) 2,174,670 (838,688)
Provision for income taxes 155,526 0 398,752 0
Net income (loss) 2,116,275 (580,477) 1,775,918 (838,688)
Less net income attributable to redeemable non-controlling interest (513,240) 0 (1,337,487) 0
Net income (loss) attributable to Black Ridge Oil & Gas, Inc. $ 1,603,035 $ (580,477) $ 438,431 $ (838,688)
Weighted average common shares outstanding - basic 479,821,911 64,438,566 479,807,318 53,526,470
Weighted average common shares outstanding - fully diluted 480,042,964 64,438,566 480,045,271 53,526,470
Net income (loss) per common share - basic $ 0.00 $ (0.01) $ 0.00 $ (0.02)
Net income (loss) per common share - fully diluted $ 0.00 $ (0.01) $ 0.00 $ (0.02)
Management Fee Income [Member]        
Total revenues $ 0 $ 0 $ 0 $ 1,000,000
v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) attributable to Black Ridge Oil & Gas, Inc. $ 438,431 $ (838,688)
Adjustments to reconcile net income (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 1,337,487 0
Interest income (1,722,249) 0
Unrealized gain on marketable securities held in Trust Account (65,618) 0
Depreciation and amortization 7,650 8,291
Loss on sale of property and equipment 0 4,714
Common stock options issued to employees and directors 244,664 473,053
Decrease (increase) in current assets:    
Accounts receivable 1,611 0
Due from Black Ridge Holding Company LLC 0 765
Prepaid expenses (47,641) 46,772
Deferred taxes 18,860 0
Increase (decrease) in current liabilities:    
Accounts payable 16,694 50,088
Accrued expenses 12,074 8,326
Taxes payable 231,403 0
Net cash provided by (used in) operating activities 473,366 (246,679)
CASH FLOWS FROM INVESTING ACTIVITIES    
Interest income released from Trust Account for payment of taxes and franchise fees 187,773 0
Proceeds from sale of property and equipment 0 2,160
Net cash provided by investing activities 187,773 2,160
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock warrants 450 0
Proceeds from sale of stock, net 0 2,965,555
Proceeds from sale of stock, related party, net 0 2,086,120
Proceeds from promissory note 0 500,000
Repayment of promissory note 0 (500,000)
Payment of deferred offering costs 0 (151,549)
Net cash provided by financing activities 450 4,900,126
NET CHANGE IN CASH 661,589 4,655,607
CASH AT BEGINNING OF PERIOD 1,477,089 66,269
CASH AT END OF PERIOD 2,138,678 4,721,876
SUPPLEMENTAL INFORMATION:    
Interest paid 0 8,713
Income taxes paid $ 148,489 $ 0