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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Oil and gas sales $ 103,191 $ 57,458 $ 266,082 $ 180,046
Operating expenses        
Lease operaing costs 38,661 29,348 98,140 198,403
General and administrative 774,040 816,413 2,627,035 2,831,098
Stock based compensation 208,890 36,502 1,536,895 199,502
Depreciation, depletion, amortization and accretion 1,906 2,837 9,458 10,337
Total operating expenses 1,023,497 885,100 4,271,528 3,239,340
Loss from operations (920,306) (827,642) (4,005,446) (3,059,294)
Other (Income) Expense        
Interest Expense (518,716) 0 (1,461,427) 0
Equity in Earnings of Unconsolidated Entity (6,260,780) (1,056,766) (18,339,293) (1,182,952)
Gain (loss) on derivative liability (256,855,721) (17,930,335) (222,688,936) (37,516,652)
Interest and other income 0 (172,100) 0 133,047
Other expenses 0 0 0 0
Total Other income (expense) (263,635,217) (19,159,201) (242,489,656) (38,566,557)
Net income (loss) before income taxes (264,555,523) (19,986,843) (246,495,102) (41,625,851)
Income tax benefit (expense) 0 0 0 0
Net income (loss) attributable to Camber Energy, Inc. (264,555,523) (19,986,843) (246,495,102) (41,625,851)
Less preferred dividends 0 0 (6,676,994) (3,871,849)
Net loss attributable to common shareholders $ (264,555,523) $ (19,986,843) $ (253,172,096) $ (45,497,700)
Income (loss) per weighted average Number of common shares outstanding - basic and diluted $ (1.63) $ (1.01) $ (3.10) $ (7.46)
Weighted Average Number of Common Shares Outstanding Basic and Diluted 161,892,534 19,815,872 81,599,069 6,102,942