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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Altex Industries Inc (PK) | USOTC:ALTX | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.235 | 0.21 | 0.504 | 0.00 | 21:07:26 |
[ X ] |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[ ] |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
ALTEX INDUSTRIES, INC.
|
(Exact name of registrant as specified in its charter)
|
Delaware
|
84-0989164
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
PO Box 1057 Breckenridge CO 80424-1057
|
(Address of principal executive offices) (Zip Code)
|
(303) 265-9312
|
(Registrant's telephone number, including area code)
|
Large accelerated filer [ ]
|
Accelerated filer [ ] |
Non-accelerated filer [ ]
|
Smaller reporting company [ X ]
|
ALTEX INDUSTRIES, INC. AND SUBSIDIARIES
|
||||||||
Condensed Consolidated Statements of Operations
|
||||||||
(Unaudited)
|
||||||||
Three Months Ended
|
||||||||
December 31,
|
||||||||
2017
|
2016
|
|||||||
Revenue
|
||||||||
Oil and gas sales
|
$
|
12,000
|
$
|
21,000
|
||||
Total revenue
|
12,000
|
21,000
|
||||||
Costs and expenses
|
||||||||
Production taxes
|
-
|
1,000
|
||||||
General and administrative
|
38,000
|
42,000
|
||||||
Depreciation, depletion, and amortization
|
5,000
|
6,000
|
||||||
Total costs and expenses
|
43,000
|
49,000
|
||||||
Loss from operations
|
(31,000
|
)
|
(28,000
|
)
|
||||
Other income
|
||||||||
Interest income
|
4,000
|
5,000
|
||||||
Total other income
|
4,000
|
5,000
|
||||||
Net loss
|
$
|
(27,000
|
)
|
$
|
(23,000
|
)
|
||
Loss per share
|
$
|
(0.00
|
)
|
$
|
(0.00
|
)
|
||
Weighted average shares outstanding
|
12,573,229
|
12,688,148
|
ALTEX INDUSTRIES, INC. AND SUBSIDIARIES
|
||||||||
Condensed Consolidated Statements of Cash Flows
|
||||||||
(Unaudited)
|
||||||||
Three months ended
|
||||||||
December 31,
|
||||||||
2017
|
2016
|
|||||||
Cash flows used in operating activities
|
||||||||
Net loss
|
$
|
(27,000
|
)
|
$
|
(23,000
|
)
|
||
Adjustments to reconcile net loss to net cash used in operating activities
|
||||||||
Depreciation, depletion, and amortization
|
5,000
|
6,000
|
||||||
Increase in accounts receivable
|
(1,000
|
)
|
(1,000
|
)
|
||||
Decrease in other current assets
|
5,000
|
4,000
|
||||||
Increase (decrease) in accounts payable
|
4,000
|
(2,000
|
)
|
|||||
Decrease in other accrued expenses
|
(4,000
|
)
|
(4,000
|
)
|
||||
Net cash used in operating activities
|
(18,000
|
)
|
(20,000
|
)
|
||||
Cash flows from financing activities
|
||||||||
Acquisition of treasury stock
|
(4,000
|
)
|
(8,000
|
)
|
||||
Net cash used in financing activities
|
(4,000
|
)
|
(8,000
|
)
|
||||
Net decrease in cash and cash equivalents
|
(22,000
|
)
|
(28,000
|
)
|
||||
Cash and cash equivalents at beginning of period
|
2,349,000
|
2,472,000
|
||||||
Cash and cash equivalents at end of period
|
$
|
2,327,000
|
$
|
2,444,000
|
||||
Noncash investing and financing activities
|
||||||||
Retirement of property plant and equipment
|
$
|
3,000
|
$
|
-
|
||||
Supplemental disclosures
|
||||||||
Cash paid for interest
|
$
|
-
|
$
|
-
|
||||
Cash paid for income taxes
|
$
|
-
|
$
|
-
|
Period
|
(a)
Total number of shares (or units) purchased |
(b)
Average price paid per share (or unit) |
(c)
Total number of shares (or units) purchased as part of publicly announced plans or programs |
(d)
Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs |
||||||||||||
October 2017
|
22,500
|
$
|
0.08
|
--
|
--
|
|||||||||||
November 2017
|
--
|
--
|
--
|
--
|
||||||||||||
December 2017
|
20,000
|
$
|
0.09
|
--
|
--
|
|||||||||||
Total
|
42,500
|
$
|
0.08
|
--
|
--
|
Date: February 9, 2018
|
By:
/s/ STEVEN H. CARDIN
|
Steven H. Cardin
|
|
Chief Executive Officer and
Principal Financial Officer
|
1 Year Altex Industries (PK) Chart |
1 Month Altex Industries (PK) Chart |
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