CoJax Oil & Gas Corp (CJAX) Form 10-Q — May 13, 2026
CoJax Oil and Gas Corporation reported a significant decrease in revenue for the first quarter of 2026, down 66.9% to $112,076 from $338,222 in the same period of 2025. This decline was primarily due to decreased production from the Buckley assets and the transfer of the NONOP assets in the second half of 2025. The company also reported a net loss of $265,959 for the three months ended March 31, 2026, compared to a net loss of $144,806 for the same period in 2025. The increased loss was driven by the $226,146 decrease in revenues, partially offset by a net decrease in operating expenses.
Key figures
- Eps Beat
- 0
- Revenue
- 112076
- Total Debt
- 1979497
- Debt Amount
- 111470
- Total Assets
- 9567275
- Cash Position
- 91056
- Deal Value Usd
- 0
- Interest Rate
- 2
- Maturity Date
- December 31, 2026
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 14168755
- Accretion expense
- 12324
- Depletion expense
- 55945
Price after filing
Close on the filing date to close N calendar days later (from $3.55). Historical, not a forecast.
AI analysis
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