v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 39,438,983 $ 74,745,897
Restricted cash 5,722,374 0
Trade and other receivables:    
Joint interest billings 8,191,016 10,298,322
ATO receivable 1,219,364 700,115
Other receivables 222,349 11,514
Assets held for sale 0 8,366,000
Prepaid expenses and other current assets 1,902,564 3,209,033
Total current assets 56,696,650 97,330,881
Property, plant and equipment, net 307,739 102,244
Operating lease right-of-use assets 1,549,332 962,052
Finance lease right-of-use asset 16,543,737 20,697,452
Prepaid expenses and other non-current assets 4,609,620 1,889,890
Total non-current assets 389,765,472 261,313,150
TOTAL ASSETS 446,462,122 358,644,031
Current liabilities    
Accounts payable and accrued expenses 20,456,982 14,832,599
Advance against joint interest billings 450,239 0
Current portion of operating lease obligations 391,157 397,999
Current portion of finance lease obligation 15,306,802 12,767,400
Total current liabilities 36,605,180 27,997,998
Operating lease obligations 1,175,149 587,250
Finance lease obligation 9,523,433 14,141,713
Asset retirement obligations 9,649,162 8,140,992
Other non-current liabilities 57,428 90,378
Total non-current liabilities 20,405,172 22,960,333
Total liabilities 57,010,352 50,958,331
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value; 10,000,000,000 common stock authorized; 16,717,289 and 13,915,524 common stock issued and outstanding as of June 30, 2025 and 2024, respectively 16,717 13,915
Additional paid-in capital 464,407,056 404,594,023
Accumulated other comprehensive loss (9,421,117) (11,512,975)
Accumulated deficit (167,281,183) (130,379,771)
Total Tamboran Resources Corporation stockholders’ equity 287,721,473 262,715,192
Noncontrolling interest 101,730,297 44,970,508
Total stockholders’ equity 389,451,770 307,685,700
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 446,462,122 358,644,031
Unproved properties    
Trade and other receivables:    
Natural gas properties, successful efforts method: 342,313,782 230,119,448
Assets under construction - natural gas equipment    
Trade and other receivables:    
Natural gas properties, successful efforts method: $ 24,441,262 $ 7,542,064