WORTHINGTON ENERGY, INC.
Energy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | −$21.0M | −$3.6M | −$5.5M | −$3.4M |
| Net income | −$35.5M | −$13.3M | −$6.9M | −$11.2M |
| Total assets | $5.7M | $7.4M | $6.5M | $651,655 |
| Total liabilities | $15.0M | $15.9M | — | — |
| Equity | −$9.2M | −$8.5M | $199,554 | −$868,965 |
| EPS (diluted) | — | — | — | — |
| Shares out. | 258.9M | 103.1M | 6.5M | 20.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2013- Operating margin
- —
- Net margin
- —
- Return on equity
- 384.8%
- Return on assets
- −620.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 261.2%
- Debt / equity
- —
- Book value / share
- $-0.04
- 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 · FY2013- Accruals / assets
- −616.5%clean
- Piotroski F-Score
- 1/7weak
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. What these scores mean →
Signs
● 2 severe● 2 warning● 2 good- Negative shareholder equity
- 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 ↗Aug 14, 2014
- NT 10-Qmissed a reporting deadline ↗May 15, 2014
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2014
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2013
- NT 10-Qmissed a reporting deadline ↗May 15, 2013
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2013
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.
Material events
SEC Form 8-K · most recent- Bankruptcy or receivership · Director / officer changeMar 19, 2018
- Entered a material agreement · Unregistered equity saleFeb 18, 2015
- Entered a material agreement · Unregistered equity saleSep 10, 2014
- Director / officer changeAug 7, 2014
- Other material eventJun 27, 2014
- Changed auditorJan 17, 2014
- Entered a material agreement · New financial obligation · Unregistered equity saleMar 19, 2013
- Entered a material agreement · Completed an acquisition or disposition · Director / officer changeFeb 7, 2013
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 ↗- REVOKEDMar 26, 2019
- 8-KFORM 8KMar 19, 2018
- 8-KCURRENT REPORT ON FORM 8-KMar 18, 2015
- 10-QQUARTERLY REPORTMar 5, 2015
- 10-QFORM 10-QMar 5, 2015
- 8-KCURRENT REPORT ON FORM 8-KFeb 18, 2015
- SC 13G/AFORM SC 13G/AFeb 13, 2015
- SC 13G/ASCHEDULE 13G/AOct 14, 2014
- 8-KFORM 8-KSep 10, 2014
- NT 10-QNOTICE OF LATE FILINGAug 14, 2014
- 8-KFORM 8-KAug 7, 2014
- SC 13GSCHEDULE 13GJul 17, 2014
- 8-KFORM 8-KJun 27, 2014
- DEF 14CDEFINITIVE INFORMATION STATEMENTJun 17, 2014
- PRE 14CPRELIMINARY INFORMATION STATEMENTJun 5, 2014
Event-driven situations (1)
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