SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For Quarter Ended June 30, 1995
Commission File Number 0-10701
TATONKA ENERGY, INC.
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(Exact name of registrant as specified in its charter)
Oklahoma, U.S.A. 73-1457920
-------------------------------- ------------------------------
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization Identification No.)
9320 East Central
Wichita, Kansas 67206
-------------------------------- ------------------------------
(address of principal (Zip Code)
executive officers)
Registrant's telephone number, including area code (316) 636-2667.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate the number of shares outstanding of each of the issuer's classes
of common stock at the close of the period covered by this report.
5,540,556 shares of common stock, $.001 par value.
135,139 shares of Series A non-voting preferred stock, $1 par value.
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]
<PAGE>
PART I - FINANCIAL INFORMATION
<TABLE>
TATONKA ENERGY, INC.
BALANCE SHEETS
(Unaudited)
<CAPTION>
June 30, December 31,
1995 1994
----------- -----------
ASSETS
<S> <C> <C>
CURRENT ASSETS
Cash and cash equivalents $ 126,624 $ 146,488
Accounts receivable from affiliates -- 10,594
----------- -----------
Total current assets 126,624 157,082
PROPERTY AND EQUIPMENT, AT COST, NET 15,184 16,702
----------- -----------
Total Assets $ 141,808 $ 173,784
=========== ===========
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES AND STOCKHOLDER'S EQUITY
<S> <C> <C>
CURRENT LIABILITIES
Accounts payable (includes $1,833 and
$7,294 to affiliate at 6/30/95 and
12/31/94, respectively) $ 1,833 $ 8,390
----------- -----------
Total current liabilities 1,833 8,390
STOCKHOLDERS' EQUITY
Series "A" non-voting preferred stock 135,139 139,251
authorized,5,000,000 shares of $1 par value,
issued and outstanding, 135,139 and
139,251shares at 6/30/95 and 12/31/94,
respectively
Common stock, authorized 50,000,000 shares 5,541 5,513
of $.001 par value, issued 5,540,556 and
5,513,143 at 6/30/95 and 12/31/94,
respectively
Paid-in Capital 5,282,634 5,278,550
Accumulated deficit (5,280,629) (5,255,210)
Treasury stock, at cost - 25,000 common (2,710) (2,710)
shares
----------- -----------
Total Stockholders' Equity 139,975 165,394
----------- -----------
Total Liabilities and
Stockholders' Equity $ 1,833 $ 8,390
=========== ===========
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
TATONKA ENERGY, INC.
STATEMENTS OF OPERATIONS
(Unaudited)
<CAPTION>
THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
--------------------------- -------------------------
1995 1994 1995 1994
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
REVENUE
Gain (loss) on
sale of
asset $ -- $ (22,076) $ -- $ (22,076)
Other 1,123 2,394 2,512 (17,469)
---------- ----------- ----------- -----------
Total revenue 1,123 (19,682) 2,512 (17,469)
COSTS AND EXPENSES
Cost of oil
and gas sales -- (2) -- 472
Depreciation,
depletion and
amortization 759 379 1,518 758
General and
administrative 15,828 52,863 26,413 78,816
Lawsuit
settlement -- -- -- 34,240
---------- ----------- ----------- -----------
Total costs and
expenses 16,857 53,240 27,931 114,286
---------- ----------- ----------- -----------
NET LOSS $ (15,4640) $ (72,922) $ (25,419) $ (131,755)
========== =========== =========== ===========
NET LOSS PER
COMMON SHARE $ (.00) $ (0.01) $ (0.00) $ (0.02)
========== =========== =========== ===========
WEIGHTED
AVERAGE
NUMBER
OF SHARES
OUTSTANDING 5,532,422 5,513,143 5,522,836 5,513,143
========== =========== =========== ===========
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
TATONKA ENERGY, INC.
STATEMENTS OF CASH FLOW
(Unaudited)
<CAPTION>
SIX MONTHS ENDED JUNE 30,
-------------------------
1995 1994
----------- -----------
<S> <C> <C>
Cash flows from operating activities:
Net loss from operations $ (25,419) $ (131,755)
Adjustments to reconcile net loss
to net cash used in operating
activities
Depreciation, depletion and amortization 1,518 758
Lawsuit settlement -- 34,240
Changes in operating assets and
liabilities:
Decrease in accounts receivable 10,594 --
Decrease in oil and gas
distributions payable -- (5,271)
Increase (decrease) in trade accounts
payable (6,557) 25,711
----------- -----------
Net cash used in operating activities (19,864) (76,317)
Cash flows from investing activities:
Purchase of treasury stock -- (2,710)
----------- -----------
Net decrease in cash (19,864) (79,027)
Cash and cash equivalents at beginning of
year 146,488 297,956
----------- -----------
Cash and cash equivalents at end of year $ 126,624 $ 218,929
=========== ===========
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<CAPTION>
BALANCE SHEET
<S> <C>
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<PERIOD-TYPE> 6-MOS
<CASH> 126624
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 126624
<PP&E> 15184
<DEPRECIATION> 0
<TOTAL-ASSETS> 141808
<CURRENT-LIABILITIES> 1833<F1>
<BONDS> 0
<COMMON> 135139
5541
<OTHER-SE> (705)
<TOTAL-LIABILITY-AND-EQUITY> 141808
<CAPTION>
INCOME STATEMENT
<S> <C>
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<PERIOD-TYPE> 6-MOS
<SALES> 0
<TOTAL-REVENUES> 2512
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 27931
<LOSS-PROVISION> 0
<INTEREST EXPENSE>
<INCOME-PRETAX> (25419)
<INCOME-TAX> 0
<INCOME-CONTINUING> (25419)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (25419)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
<FN>
<F1> INCLUDES $1,833 TO AFFILATE AT 6/30/95.
</TABLE>
