Pyramid Oil Co (PDO) Balance Sheet

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Cash and cash equivalents	1.83M
Short-term investments
Trade accounts receivable (net of reserve for doubtful accounts of $4,000 in 2011 and 2010)	2.94M
Joint interest billing receivable
Crude oil inventory
Prepaid expenses and other assets	321.24K
Deferred Income taxes
TOTAL CURRENT ASSETS	6.55M
Oil and gas properties and equipment (successful efforts method)
Capitalized asset retirement costs
Drilling and operating equipment
Land, buildings and improvements
Automotive, office and other property and equipment
Property, Plant and Equipment, Gross, Total	6.29M
Less - accumulated depletion, depreciation, amortization and valuation allowances	-2.36M
TOTAL PROPERTY AND EQUIPMENT	3.93M
Deferred income taxes
Deposits	414.06K
Other assets	0
TOTAL OTHER ASSETS
TOTAL ASSETS	97.43M
Accounts payable	6.38M
Accrued professional fees
Accrued taxes, other than income taxes
Accrued payroll and related costs
Accrued royalties payable
Accrued insurance
Accrued income taxes
Current maturities of long-term debt	29.8M
TOTAL CURRENT LIABILITIES	39.09M
Long-term debt, net of current maturities
LIABILITY FOR ASSET RETIREMENT OBLIGATIONS	8.57M
TOTAL LIABILITIES
COMMITMENTS AND CONTINGENCIES (Note 4)
Preferred stock, no par value Authorized - 10,000,000 shares Issued and outstanding - none	10.83M
Common stock, no par value (Note 6, 7 and 9) Authorized - 50,000,000 shares Issued and outstanding - 4,683,853 shares	142.72M
Retained earnings	-103.95M
TOTAL STOCKHOLDERS' EQUITY	49.61M
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	97.43M

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