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EXCEL - IDEA: XBRL DOCUMENT - TRANS ENERGY INCFinancial_Report.xls
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v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements of Operations [Abstract]        
REVENUES $ 2,464,702 $ 3,894,316 $ 5,382,230 $ 5,524,415
COSTS AND EXPENSES        
Production Costs 1,108,251 840,321 2,729,417 1,266,408
Depreciation, depletion, amortization and accretion 742,050 1,850,178 1,753,048 2,403,920
Selling, general and administrative 1,909,215 1,581,112 3,321,990 2,642,890
Total costs and expenses 3,759,516 4,271,611 7,804,455 6,313,218
Gain (loss) on sale of assets 7,207   69,062 12,624,365
LOSS (INCOME) FROM OPERATIONS (1,287,607) (377,295) (2,353,163) 11,835,562
OTHER INCOME (EXPENSES)        
Interest Income 5,987 221 13,180 468
Interest Expense (1,432,141) (442,923) (1,870,885) (850,117)
Gain on derivative contracts   12,654 639 10,019
Total other income (expenses) (1,426,154) (430,048) (1,857,066) (839,630)
NET LOSS (INCOME) BEFORE INCOME TAXES (2,713,761) (807,343) (4,210,229) 10,995,932
INCOME TAXES   (20,000)   250,000
NET (LOSS) INCOME $ (2,713,761) $ (787,343) $ (4,210,229) $ 10,745,932
NET (LOSS) INCOME PER SHARE - BASIC $ (0.21) $ (0.06) $ (0.32) $ 0.84
NET (LOSS) INCOME PER SHARE - DILUTED $ (0.21) $ (0.06) $ (0.32) $ 0.80
WEIGHTED AVERAGE SHARES - BASIC 12,989,130 12,736,831 12,984,479 12,736,080
WEIGHTED AVERAGE SHARES - DILUTED 12,989,130 12,736,831 12,984,479 13,410,084