BLUE DOLPHIN ENERGY COMPANY AND SUBSIDIARIES | ||||||||||||||||
Pro Forma Calculation of Stockholders’ Equity at July 31, 2010 | ||||||||||||||||
Total | ||||||||||||||||
Common | Additional | Retained | Stockholders' | |||||||||||||
Stock | Paid-In Capital | Earnings | Equity | |||||||||||||
Balance at December 31, 2009 | 16,967 | $ | 32,880,208 | $ | (30,107,652 | ) | $ | 2,789,524 | ||||||||
Common stock issued for services, February 15, 2010 | 73 | 19,927 | 20,000 | |||||||||||||
Option expense, March 31, 2010 | 40,320 | 40,320 | ||||||||||||||
Net loss, March 31, 2010 | (525,754 | ) | (525,754 | ) | ||||||||||||
Common stock issued for services, May 15, 2010 | 110 | 19,890 | 20,000 | |||||||||||||
Option expense, June 30, 2010 | 13,440 | 13,440 | ||||||||||||||
Net loss, June 30, 2010 | (369,937 | ) | (369,937 | ) | ||||||||||||
Blue Sky Langsa Limited acquisition, July 26, 2010 | 3,429 | 682,285 | 685,714 | |||||||||||||
Net income, July 2010(*) | 43,802 | 43,802 | ||||||||||||||
20,579 | $ | 33,656,070 | $ | (30,959,540 | ) | $ | 2,717,109 |
(*) includes $201,000 recovery of bad debt from saltwater disposal well acquisition. |