GULFSLOPE ENERGY, INC.
Energy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$8.4M | −$1.9M | −$3.5M | −$7.5M | −$1.2M | −$4.3M |
| Net income | −$8.7M | −$2.2M | −$2.4M | −$13.7M | −$2.6M | −$5.7M |
| Total assets | $5.5M | $13.7M | $16.1M | $30.8M | $20.1M | $1.9M |
| Total liabilities | $14.0M | $13.6M | $14.0M | $31.1M | $24.5M | $13.3M |
| Equity | −$8.5M | $59,834 | $2.1M | −$312,478 | −$4.4M | −$11.3M |
| EPS (diluted) | $-0.01 | $0.00 | — | — | — | — |
| Shares out. | 1.27B | 1.27B | 1.27B | 1.15B | 832.0M | 698.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- —
- Return on equity
- 102.1%
- Return on assets
- −159.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 255.7%
- Debt / equity
- —
- Book value / share
- $-0.01
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -68.52distress
- Accruals / assets
- −133.4%clean
- Piotroski F-Score
- 2/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Qmissed a reporting deadline ↗Feb 17, 2026
- NT 10-Kmissed a reporting deadline ↗Jan 8, 2026
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Qmissed a reporting deadline ↗Feb 14, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Delek Group, Ltd.10% owner | Oct 1, 2020 | J | 17.5M | — |
| Delek Group, Ltd.10% owner | Oct 22, 2019 | J | 38.4M | $0.04 |
| Morris Paul LDirector | Jun 14, 2019 | Option exercise | 20,000 | $0.03 |
| Delek Group, Ltd.10% owner | Mar 5, 2019 | Option exercise | 138.1M | $0.04 |
| Morris Paul LDirector | Dec 22, 2014 | Gift | 416,667 | $0.00 |
| Seitz John NOfficer — Chairman and CEO | Dec 22, 2014 | Gift | 460,000 | $0.00 |
| Bain Ronald AOfficer — President and COO | Oct 16, 2014 | Buy | 15,000 | $0.20 |
| Bain Ronald AOfficer — President and COO | Oct 9, 2014 | Buy | 20,000 | $0.19 |
| Morris Paul LDirector | Jul 22, 2014 | Buy | 416,667 | $0.24 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Director / officer changeFeb 11, 2025
- Entered a material agreement · Unregistered equity sale · Other material eventOct 14, 2022
- Modified shareholder rights · Amended charter or bylaws · Shareholder voteOct 4, 2022
- Other material eventOct 30, 2020
- Entered a material agreement · Unregistered equity saleOct 6, 2020
- Entered a material agreement · Other material eventJul 31, 2020
- Other material eventMay 8, 2020
- Other material eventApr 24, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- NT 10-QNOTIFICATION OF LATE FILINGMay 15, 2026
- NT 10-QNOTIFICATION OF LATE FILINGFeb 17, 2026
- NT 10-KJan 8, 2026
- NT 10-QNOTIFICATION OF LATE FILINGAug 14, 2025
- NT 10-QNOTIFICATION OF LATE FILINGMay 15, 2025
- NT 10-QNOTIFICATION OF LATE FILINGFeb 14, 2025
- 8-KCURRENT REPORTFeb 11, 2025
- NT 10-KNOTIFICATION OF LATE FILINGDec 30, 2024
- NT 10-QNOTIFICATION OF LATE FILINGAug 14, 2024
- NT 10-QNOTIFICATION OF LATE FILINGMay 15, 2024
- NT 10-QNOTIFICATION OF LATE FILINGFeb 14, 2024
- NT 10-KNOTICE UNDER RULE 12B25 OF INHABILITY TO TIMELY FILEDec 29, 2023
- 10-QQUARTERLY REPORTAug 14, 2023
- 10-QQUARTERLY REPORTMay 15, 2023
- 10-QQUARTERLY REPORTFeb 14, 2023
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.