Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Oil and gas sales $ 158,508 $ 103,191 $ 466,566 $ 266,082
Operating expenses        
Lease operating costs 51,078 38,661 141,807 98,140
General and administrative 1,326,430 774,040 3,401,044 2,627,035
Stock based compensation 0 208,890 123,754 1,536,895
Depreciation, depletion, amortization and accretion 2,724 1,906 8,461 9,458
Total operating expenses 1,380,232 1,023,497 3,675,066 4,271,528
Loss from operations (1,221,724) (920,306) (3,208,500) (4,005,446)
Other income (expense)        
Interest expense (1,554,604) (518,716) (3,520,736) (1,461,427)
Equity (deficit) in earnings of unconsolidated entities (6,260,695) (6,260,780) (8,265,256) (18,339,293)
Gain (loss) on derivative liability (14,243,704) (256,855,721) (71,846,677) (222,688,936)
Total other income (expense) (22,059,003) (263,635,217) (83,632,669) (242,489,656)
Net income (loss) before income taxes (23,280,727) (264,555,523) (86,841,169) (246,495,102)
Income tax benefit (expense) 0 0 0  
Net income (loss) attributable to Camber Energy, Inc. (23,280,727) (264,555,523) (86,841,169) (246,495,102)
Less preferred dividends 0 0 0 (6,676,994)
Net income (loss) attributable to common stockholders $ (23,280,727) $ (264,555,523) $ (86,841,169) $ (253,172,096)
Income (loss) per weighted average number of common shares outstanding - basic and diluted $ (0.05) $ (1.63) $ (0.22) $ (3.10)
Weighted average number of common shares outstanding Basic and Diluted 487,692,319 161,892,534 401,147,671 81,599,069