XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Land services   $ 1,200,861 $ 330,382 $ 2,150,971
Oil and gas sales 55,277 11,994 174,468 24,424
Sale of oil and gas interests 116,002   116,002  
Other   3,245   3,245
Total revenues 171,279 1,216,100 620,852 2,178,640
Operating expenses:        
Oil & gas lease operating expenses 31,855 31,762 138,873 38,328
Depreciation, depletion, and amortization 16,282 6,277 20,989 24,613
Selling, general, and administrative expenses 613,283 420,890 1,517,936 900,043
Total operating expenses 661,420 458,929 1,677,798 962,984
Income (loss) from operations (490,141) 757,171 (1,056,946) 1,215,656
Other income (expense):        
Interest and dividend income 1,088 1,184 8,420 1,184
Gain on sale of securities 2,090   2,675  
Interest expense (17,447) (140,719) (35,806) (319,600)
Change in fair value of derivative liabilities   (16,300)   (16,300)
Total other income (expense) (14,269) (155,835) (24,711) (334,716)
Income (loss) from continuing operations before income taxes (504,410) 601,336 (1,081,657) 880,940
Income tax benefit (provision) (8,463) 229,871 (10,273) 385,791
Income (loss) from continuing operations (512,873) 831,207 (1,091,930) 1,266,731
Discontinued Operations        
Loss from discontinued operations, before taxes (20,035) (1,772,487) (110,538) (8,860,295)
Gain (loss) on disposition of discontinued operation (3,887) 146,878 (3,887) 146,878
Income tax benefit (provision) (40,000) 1,069,099 (40,000) 1,153,372
Loss from discontinued operations (63,922) (556,510) (154,425) (7,560,045)
Net income (loss) (576,795) 274,697 (1,246,355) (6,293,314)
Non-controlling interest   21,436   26,453
Net income (loss) attributable to NYTEX Energy Holdings, Inc. (576,795) 296,133 (1,246,355) (6,266,861)
Preferred stock dividends   (129,267)   (258,539)
Net income (loss) to common stockholders $ (576,795) $ 166,866 $ (1,246,355) $ (6,525,400)
Basic earnings per share:        
Earnings (loss) from continuing operations (in dollars per share) $ (0.02) $ 0.03 $ (0.04) $ 0.05
Earnings (loss) from discontinued operations (in dollars per share) $ 0.00 $ (0.02) $ (0.01) $ (0.29)
Net income (loss) (in dollars per share) $ (0.02) $ 0.01 $ (0.05) $ (0.24)
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.02) $ (0.01) $ (0.05) $ (0.25)
Diluted earnings per share:        
Earnings (loss) from continuing operations (in dollars per share) $ (0.02) $ 0.03 $ (0.04) $ 0.05
Earnings (loss) from discontinued operations (in dollars per share) $ 0.00 $ (0.02) $ (0.01) $ (0.29)
Net income (loss) (in dollars per share) $ (0.02) $ 0.01 $ (0.05) $ (0.24)
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.02) $ 0.02 $ (0.05) $ (0.23)
Weighted average shares outstanding        
Basic (in shares) 26,706,239 24,903,298 26,681,948 26,187,929
Diluted (in shares) 26,706,239 25,317,710 26,681,948 26,603,990