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IFNY Infinity Energy Resources

Since 2009 we had planned to pursue the exploration of potential oil and gas resources in the United States and in the Perlas and Tyra concession blocks offshore Nicaragua in the Caribbean Sea (the “Nicaraguan Concessions” or “Concessions”), which contain a total of approximately 1.4 million acres. We sold our wholly-owned subsidiary Infinity Oil and Gas of Texas Inc. in 2012 and its wholly-owned subsidiary, Infinity Oil and Gas of Wyoming Inc., was administratively dissolved in 2009. We have abandoned our efforts relating to the Concessions, as explained below.

Company profile

Ticker
IFNY
Exchange
Website
CEO
Stanton E. Ross
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INFINITY INC
SEC CIK
IRS number
203126427

IFNY stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.41M 1.41M 1.41M 1.41M 1.41M 1.41M
Cash burn (monthly) (positive/no burn) (positive/no burn) 67.87K (positive/no burn) 24.3K 22.42K
Cash used (since last report) n/a n/a 278.15K n/a 99.59K 91.87K
Cash remaining n/a n/a 1.14M n/a 1.31M 1.32M
Runway (months of cash) n/a n/a 16.7 n/a 54.1 59.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Loeffelbein John A Common Stock Purchase Option common stock Grant Aquire A No No 0.5 350,000 175K 350,000
4 Jun 21 Ross Stanton E Common Stock Purchase Option common stock Grant Aquire A No No 0.5 500,000 250K 630,000
4 Jun 21 Daniel F Hutchins Common Stock Purchase Option common stock Grant Aquire A No No 0.5 100,000 50K 157,500
4 Jun 21 Leroy C Richie Common Stock Purchase Option common stock Grant Aquire A No No 0.5 100,000 50K 152,500
31 Mar 21 Ross Stanton E Warrant to purchase Common Stock common stock Other Aquire J No No 0.5 1,051,416 525.71K 1,691,930
31 Mar 21 Ross Stanton E Convertible Promissory Note Payable common stock Other Aquire J No No 0.5 - 5.26K 640,514
31 Mar 21 Daniel F Hutchins Warrant to purchase Common Stock common stock Other Aquire J No No 0.5 3,324,813 1.66M 3,515,561
31 Mar 21 Daniel F Hutchins Convertible Promissory Note Payable common stock Other Aquire J No No 0.5 - 16.62K 190,748
31 Mar 21 Leroy C Richie Warrant to purchase Common Stock common stock Other Aquire J No No 0.5 727,000 363.5K 886,770
31 Mar 21 Leroy C Richie Convertible Promissory Note Payable common stock Other Aquire J No No 0.5 - 3.64K 159,770

Financial report summary

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Management Discussion
  • The Company had no revenues in either 2020 or 2019 because it focused on the acquisition of domestic oil and gas properties, resulting in its Option for the Properties on July 31, 2019.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman Bad
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