COGLF Financials 07/16/2014 04:43:41 Chelsea Oil

COGLF Financials 07/16/2014 04:43:41
Chelsea Oil and Gas Ltd.
Period Ending Dec 31, 2013 Dec 31, 2012 Jan 01, 2012 Dec 31, 2010
Total Revenue 99 79 126 78
Cost of Revenue - - 42 56
Gross Profit 99 79 84 22
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 347 397 316 156
Non-Recurring Items - - - -
Other 28 26 - -
Operating Income (277) (343) (232) (135)
Income From Continuing Operations
Add'l Income/Expense Items (344) 1 (7) -
Earnings Before Interest and Tax (621) (342) (239) (135)
Interest Expense 362 23 5 2
Earnings Before Tax (983) (365) (244) (137)
Income Tax 23 18 18 10
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (1,006) (383) (262) (147)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (1,006) (383) (262) (147)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (1,006) (383) (262) (147)