XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2016
Jan. 31, 2015
Revenues        
Oil and natural gas sales $ 9,882 $ 488,273 $ 72,723 $ 1,912,034
Sales of real estate 5,354,413 23,701,524
Total Revenues 5,364,295 $ 488,273 23,774,247 $ 1,912,034
Operating Expenses        
Cost of revenue - sales of real estate 2,976,652 13,463,025
Lease operating expenses 68,469 $ 832,458 328,457 $ 1,619,955
Depreciation, depletion and accretion 43,468 $ 168,001 149,218 $ 568,834
Amortization of intangibles $ 30,113 90,339
Gain on sale of equipment (5,519)
Loss on sale of oil and gas assets $ 7,519,460 7,519,460
Impairment of oil and gas assets 6,870,613 6,870,613
General and administrative 505,629 $ 806,283 2,483,990 $ 3,858,315
Total Operating Expenses 18,014,404 1,806,742 30,899,583 6,047,104
Operating Loss (12,650,109) (1,318,469) (7,125,336) (4,135,070)
Other income 45,937 (459) 46,719 (426)
Net Loss Before Income Tax Provision (12,604,172) $ (1,318,928) (7,078,617) $ (4,135,496)
Income Tax Provision 1,330,755 1,330,755
Net Loss (13,934,927) $ (1,318,928) (8,409,372) $ (4,135,496)
Net Loss Attributable to Non-controlling Interest (3,833,483) (264,289) (791,353) (611,320)
Net Loss Attributable to Petro River Oil Corp. and Subsidiaries $ (10,101,444) $ (1,054,639) $ (7,618,019) $ (3,524,176)
Basic and Diluted Net Loss Per Common Share $ (2.37) $ (0.26) $ (1.79) $ (0.86)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 4,259,777 4,092,839 4,259,687 4,092,839