OTC Bulletin Board

S & P Company Insight for LEXARIA CORP
 
 Profile

 
Business Summary: Lexaria Corp. engages in the exploration and production of oil and natural gas in the United States and Canada.
 
Address
  700 Pender St W Suite 604
  Vancouver , BC V6C 1G8
  Phone: 604-602-1675
  Website: http://www.lexariaenergy.com
Auditor
  Staley Okado & Partners
  Vancouver
Transfer Agent
  Nevada Agency & Trust Co.
ShareHolders:  38
Founded:  2004
Domicile:  Nevada
 
  
 
 Background

 
Lexaria Corp. engages in the exploration and production of oil and natural gas in the United States and Canada. The company's oil and gas properties include interests in the Palmetto Point project in Mississippi; Frio-Wilcox Project located in Mississippi and Louisiana; Owl Creek Prospect in Oklahoma; and Strachan Leduc Reef in Alberta, Canada. The company was founded in 2004 and is based in Vancouver, Canada.
History:  INCORPORATED in Nevada Dec. 9, 2004.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Christopher A. BunkaChairman, President, Secretary, Treasurer, Chief Executive Officer & Chief Accounting Officer
 Bal  BhullarChief Financial Officer
 David  DeMartiniChief Scientific Officer

Directors
 Bal  Bhullar
 Christopher A. Bunka
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20082007
REVENUES
Natural Gas and Oil Revenues900,789253,148
EXPENSES
Natural Gas and Oil Operating Costs(352,831)(124,907)
Taxes(7,138)(1,043)
Rent(11,960)(9,794)
Advertising and Promotion(4,110)(20,071)
Consulting(187,461)(750,516)
Legal and Professional(35,298)(71,462)
Telephone(4,010)(2,490)
Office and Miscellaneous(7,640)(13,769)
Fees and Dues(13,903)(9,963)
Training(2,832)-
Accounting and Audits(54,862)(49,905)
Travel(28,317)(32,306)
Insurance(10,140)-
Depletion(451,843)(148,507)
Depreciation(1,275)(680)
Write-down in Carrying Value of Oil and Gas Properties(108,071)-
Write-down of OIL and Gas Property(405,406)-
Interest Expense from Loans Payable(103,856)(15,434)
Interest Income4,09318,085
Amortization of Premium on Loan Payable-807
Investor Relations(118,916)(69,722)
Bank Charges and Exchange Loss26,497(7,359)
Earnings before Taxes(978,490)(1,055,888)
TAXES AND OTHER EXPENSES
Net Income (Loss)(978,490)(1,055,888)
SUPPLEMENTARY INFO
Gross Profit/loss(11,956.00)(20,266.00)
Basic and Diluted Eps-continuing Operations(0.04)(0.01)
 
Balance Sheet
  20082007
CURRENT ASSETS
Cash and Cash Equivalents669,63378,061
Accounts Receivables15,50638,313
Prepaid Expenses and Deposit6,18617,617
Total Current Assets691,325133,991
NON CURRENT ASSETS
Proved Property3,034,7503,076,877
Capital Assets (Net)2,699913
Oil and Gas Properties: Unproved Properties34,265584,106
Total Assets3,763,0393,795,887
CURRENT LIABILITIES
Accounts Payable2,69519,395
Accrued Liabilities-10,896
Due to a Related Party1,7697,286
Loan Payable272,51150,000
Secured Loan Payable-313,402
Total Current Liabilities276,975400,979
NON CURRENT LIABILITIES
Loan Payable723,857-
SHAREHOLDERS' EQUITY
Common Stock-par Value24,37023,757
Additional Paid in Capital5,356,1945,011,018
Deficit Accumulated during the Exploration Stages(2,618,357)(1,639,867)
Total Shareholders Equity2,762,2073,394,908
Total Liabilities & Shareholders Equity3,763,0393,795,887
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1130,000
  2009   280,000
  2008   1350,000
  2008   2210,000
  2008   3230,000
  2008   4100,000
  2008   Full Year 900,000
  2007   120,000
  2007   240,000
  2007   390,000
  2007   4100,000
  2007   Full Year 250,000
  2006   420,000
  2006   Full Year 20,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1(160,000)
  2009   2(210,000)
  2008   1(70,000)
  2008   2(530,000)
  2008   3(60,000)
  2008   4(320,000)
  2008   Full Year (980,000)
  2007   1(250,000)
  2007   2(370,000)
  2007   3(1,140,000)
  2007   4700,000
  2007   Full Year (1,060,000)
  2006   Full Year (508,000)
  2005   Full Year (80,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.04)
  2009   2(.04)
  2008   1Nil
  2008   2(.08)
  2008   3Nil
  2008   4(.04)
  2008   Full Year (.16)
  2007   1(.04)
  2007   2(.08)
  2007   3Nil
  2007   4.12
  2007   Full Year (.20)
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4(.08)
  2006   Full Year (.12)
  2005   2Nil
  2005   3Nil
  2005   Full Year (.04)
 
  
 
 Stock Data

 
 
Capitalization as of 10/31/2008:
 
 Authorized SharesOutstanding Shares
Common $0.001 par75,000,00024,369,500
 
LONG TERM DEBT: $723,857.
 
Common $0.001 par
 
Stockholders:  01/02/2009, 38.
Transfer Agent:  Nevada Agency & Trust Co.   Reno , NV
 
OTC Bulletin Board( Primary): LXRP
 
ExchangeYearHighLow
OTC Bulletin Board20081.23000.0200
OTC Bulletin Board20071.65000.5400
OTC Bulletin Board20060.83000.1000
 
DIVIDENDS: Common $0.001 par: None.