v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Oil and gas sales $ 171,651 $ 97,238 $ 308,058 $ 162,891
Operating expenses        
Lease operating costs 41,365 31,375 90,730 59,479
General and administrative 1,096,624 980,396 2,074,614 1,852,995
Stock based compensation 0 307,213 123,754 1,328,005
Depreciation, depletion, amortization and accretion 2,870 2,509 5,737 7,552
Total operating expenses 1,140,859 1,321,493 2,294,835 3,248,031
Loss from operations (969,208) (1,224,255) (1,986,777) (3,085,140)
Other income (expense)        
Interest expense (804,857) (498,875) (1,966,132) (942,711)
Equity (deficit) in earnings of unconsolidated entities (1,038,650) (6,206,605) (2,004,560) (12,078,513)
Gain (loss) on derivative liability 7,407,750 70,767,848 57,602,973 34,166,784
Total other income (expense) 5,564,243 64,062,368 (61,573,665) 21,145,560
Net income (loss) before income taxes 4,595,035 62,838,113 (63,560,442) 18,060,420
Income tax benefit (expense)     0 0
Net income (loss) attributable to Camber Energy, Inc. 4,595,035 62,838,113 (63,560,442) 18,060,420
Less preferred dividends 0 0 0 (6,676,994)
Net income (loss) attributable to common stockholders $ 4,595,035 $ 62,838,113 $ (63,560,442) $ 11,383,426
Income (loss) per weighted average number of common shares outstanding - basic and diluted $ 0.01 $ 1.19 $ (0.18) $ 0.28
Weighted average number of common shares outstanding        
Basic and Diluted 395,207,537 52,911,280 352,834,123 40,786,921

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