v3.19.3

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 53,210	$ 428,204
Accounts receivable, trade	83,595	132,391
Prepaids	205,637	50,370
Total current assets	342,442	610,965
Oil and gas properties, successful efforts method of accounting
Proved	11,679,817	11,368,626
Unproved	4,758,798	4,745,917
Other	223,151	404,514
Total property and equipment	16,661,766	16,519,057
Less accumulated depreciation, depletion, amortization and valuation allowance	15,121,743	14,621,873
Net property and equipment	1,540,023	1,897,184
Other assets
Deposits and other assets	269,408	275,658
Total other assets	269,408	275,658
Total assets	2,151,873	2,783,807
Current liabilities
Accounts payable and accrued liabilities	1,564,540	758,832
Asset retirement obligations, current	183,731	176,587
Notes payable	1,181,212	783,210
Total current liabilities	2,929,483	1,718,629
Long-term liabilities
Asset retirement obligations, net of current	1,236,516	1,020,556
Total liabilities	4,165,999	2,739,185
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred shares, $0.001 par value, 50,000,000 shares authorized; 0 and 409,019 shares issued and outstanding at March 31 2017 and 2016, respectively		409
Common shares, $0.001 par value, 275,000,000 shares authorized; 17,697,621 and 15,480,882 shares issued and outstanding at March 31, 2017 and 2016, respectively	17,698	15,481
Additional paid in capital	28,974,425	26,785,705
Accumulated deficit	(31,006,249)	(26,756,973)
Stockholders' equity (deficit)	(2,014,126)	44,622
Total liabilities and stockholders' equity	$ 2,151,873	$ 2,783,807

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

T-REX OIL, INC. 10-K