CJAX on OTC

CoJax Oil & Gas Corp

CoJax Oil & Gas Corp is an American crude petroleum and natural gas company, incorporated in Virginia.1 It is headquartered in Arlington, Virginia.1 Its shares trade on OTC under the symbol CJAX.1

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Last updated Oct 20, 2026.

Overview

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  • TickerCJAX on OTC1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersArlington, Virginia1
  • Incorporated inVA2
  • Business address3130 19Th St N, Arlington, Va 222012
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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Taxodium fully released and canceled all outstanding payables related to the NONOP Assets.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-106.8%Operating margin4
-115.1%Net margin4
-0.8%Revenue growth, 20254
-14.1%Return on equity4
0.00×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$961.2K
  • Interest0¢$2.5K

Out of $963.6K in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$40.6K

Out of $40.6K of cash from operations.4

Financial statements

Revenue564$963.6K in 2025+804% since 2022
0$250.0K$500.0K$750.0K$1.0M2022: $106.6K$106.6K20222023: $928.0K$928.0K2023+771%2024: $971.7K$971.7K2024+5%2025: $963.6K$963.6K2025−1%
Operating income564-$1.0M in 2025−84% since 2022
-$8.0M-$6.0M-$4.0M-$2.0M02022: -$6.3M-$6.3M20222023: -$1.6M-$1.6M2023−74%2024: -$1.6M-$1.6M2024−1%2025: -$1.0M-$1.0M2025−36%
Net income564-$1.1M in 2025−82% since 2022
-$8.0M-$6.0M-$4.0M-$2.0M02022: -$6.2M-$6.2M20222023: -$1.6M-$1.6M2023−74%2024: -$1.6M-$1.6M2024−1%2025: -$1.1M-$1.1M2025−31%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$963.6K$971.7K
Lease operating expenses$418.0K$355.6K
General and administrative expenses$775.8K$920.0K
Depletion and accretion on discounted liabilities$397.0K$382.1K
Impairment expense$402.2K$922.9K
Total operating costs and expenses$2.0M$2.6M
Loss from operations-$1.0M-$1.6M
Other income and expense$897$2.7K
Loss on disposition of proved reserves-$78.3K
Interest expense-$2.5K-$3.6K
Total other income (expense)-$79.9K-$901
Net loss-$1.1M-$1.6M
Net loss per common share - diluted-$0.08-$0.13
Net loss per common share - basic-$0.08-$0.13
Weighted average number of common shares outstanding during the period - diluted14.1M shares12.4M shares
Weighted average number of common shares outstanding during the period - basic14.1M shares12.4M shares

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What it owns

What CoJax Oil & Gas Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$9.4M4 Dec 31, 2025$10.3M4 Dec 31, 2024−9.0%
Property and equipment, net$9.4M4 Dec 31, 2025$10.3M4 Dec 31, 2024−9.0%

Properties, in its own words

See “Business” for descriptions of our properties. We rent our principal executive offices at 4830 Line Avenue, Suite 152, Shreveport, Louisiana, 71106, under a month-to-month lease and for a monthly rental of $26. This office space is deemed adequate for the current needs of our executive management and corporate headquarters. We have no other offices. We believe that this property is sufficient for our current and proposed business.

Item 2 of the 10-K filed Mar 25, 2026.3

Leadership

Who has led CoJax Oil & Gas Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey J. Guzy2022–2023
  2. William Roger Downs2024

Chair

  1. Jeffrey J. Guzy2023

President

  1. Jeffrey J. Guzy2023

Chief financial officer

  1. William Barrett Wellman2022–2023
  2. Jeffrey J. Guzy2024
2025
Board members and other officers (2)

Timeline

  1. Jul 21, 20258-K Regulation FD disclosure14
  2. Jan 14, 20258-K Entered a material agreement; Completed an acquisition or sale15
  3. Sep 3, 20248-K Unregistered sale of shares16
  4. Aug 19, 20248-K Entered a material agreement; Completed an acquisition or sale17
  5. Jun 6, 20248-K Unregistered sale of shares18
  6. Jan 22, 2024New chief executive William Roger Downs becomes CEO9
  7. Jan 16, 20248-K Entered a material agreement; Unregistered sale of shares; Executive or director change19
  8. Jan 10, 20248-K Change of auditor20
  9. Mar 6, 20238-K Entered a material agreement; Unregistered sale of shares; Executive or director change21
  10. Dec 9, 20228-K Unregistered sale of shares22
  11. Nov 14, 20228-K Unregistered sale of shares23
  12. Nov 3, 2022New chief executive Jeffrey J. Guzy becomes CEO10
  13. Sep 30, 20228-K Change of auditor24
  14. May 12, 20228-K Earlier financial statements no longer reliable25

Filings

68 filings to the SEC since October 2021: 7 annual reports, 18 quarterly reports, 16 major events, 10 insider forms, 17 other. The latest 20:

  1. Aug 12, 202610-Q EDGAR
  2. May 13, 202610-Q EDGAR
  3. Mar 25, 202610-K EDGAR
  4. Nov 12, 202510-Q EDGAR
  5. Sep 17, 2025UPLOAD EDGAR
  6. Sep 11, 2025CORRESP EDGAR
  7. Sep 10, 202510-K/A EDGAR
  8. Aug 28, 2025UPLOAD EDGAR
  9. Aug 13, 202510-Q EDGAR
  10. Jul 21, 20258-K EDGAR
  11. May 9, 202510-Q EDGAR
  12. Mar 31, 202510-K EDGAR
  13. Jan 14, 20258-K/A EDGAR
  14. Nov 14, 202410-Q EDGAR
  15. Sep 3, 20248-K EDGAR
  16. Aug 27, 20244 EDGAR
  17. Aug 19, 20248-K/A EDGAR
  18. Aug 9, 202410-Q EDGAR
  19. Jun 6, 20248-K EDGAR
  20. May 10, 202410-Q EDGAR

The 68 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2024Guzy Jeffrey JCFO, Treasurer, SecretaryBuy475,000$0.01$4.8KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How CoJax Oil & Gas Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCoJax Oil & Gas Corp1
  • CIK0001763925
  • Employer ID (EIN)46-18926223
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inVirginia3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address3130 19Th St N, Arlington, VA 222011
  • Phone703-216-86061
  • Shares outstanding14,168,755 as of Aug 12, 20268
  • Public float$15.0M as of Dec 31, 20253
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceFeb 1, 20191
  • Filings137 in all: 8-K (23), 10-Q (22), UPLOAD (12), 10-K (7), CORRESP (7), NT 10-Q (7), S-1/A (7), 3 (6)1
    All 22 form types

    8-K/A (6), 4 (5), EFFECT (5), 10-Q/A (4), DRSLTR (4), 10-K/A (3), 424B3 (3), D (3), NT 10-K (3), POS AM (3), S-1 (3), AW (2), 424B2 (1), 8-A12G (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Jul 21, 2025

Risk factors and legal proceedings

The risks CoJax Oil & Gas Corp names in Item 1A of its 10-K filed Mar 25, 2026: 27 risks under these headings, as written.3

  • RISKS RELATED TO OUR BUSINESS
  • Risks Related to the Oil & Natural Gas Industry
  • Oil and natural gas prices are volatile, and any sustained decline in oil market prices could adversely affect the Company’s business, financial condition, results of operations, and its ability to meet capital expenditure obligations and financial commitments.
  • Seismic studies do not guarantee that oil or hydrocarbons are present or, if present, will produce in economic quantities.
  • Restrictions on our ability to obtain, recycle and dispose of water may impact our ability to execute our drilling and development plans in a timely or cost-effective manner.
  • Participants in the oil and gas industry are subject to numerous laws that can affect the cost, manner, or feasibility of doing business.
  • Our operations are subject to operating hazards inherent to our industry that may adversely impact our ability to conduct business, and we may not be fully insured against all such operating risks.
  • Negative public perception of the oil and gas industry could have a material and adverse effect on us.
  • Terrorist attacks aimed at energy operations could adversely affect our future oil exploration and production business.
  • Operational Risks
  • We have a limited history of owning and operating oil and gas exploration and production operations.
  • We have entered a highly competitive and highly capital-intensive industry, and any oil production may be insufficient to fund, sustain, or expand revenue-generating operations.
The other 18 risks
  • Our acquisitions of oil and gas properties and subsequent exploration and development drilling efforts and the operation of our wells may not be profitable or achieve our targeted returns.
  • Due to our contractor model of operations, we will be vulnerable to any inability to engage or retain qualified operational personnel for new or existing drilling operations.
  • Loss of key operational personnel could cause the suspension of any expanded drilling operations.
  • With any expanded oil exploration and drilling, we will need to replace existing oil reserves with new oil reserves and develop those oil reserves. If we are unable to do so, oil reserves and production will decline, which would adversely affect future cash flows and results of operations.
  • The oil and gas development, exploration and production industry is very competitive, and some of our competitors have greater financial and other resources than we do.
  • The potential lack of availability of, or cost of, drilling rigs, equipment, supplies, personnel, and crude oil field services could adversely affect our ability to execute on a timely basis exploration and development plans within any budget.
  • We have a limited customer base for its oil production due to its limited oil production and operating history. The cost of and difficulty in expanding the customer base for increased production from the Company Oil Rights is unknown.
  • Cyber-attacks targeting systems and infrastructure used by the oil and gas industry and related regulations may adversely impact our operations and, if we are unable to obtain and maintain adequate protection for our data, our business may be adversely affected.
  • Risk related to the Third-Party Transportation of Oil Production.
  • Risks Related to Our Financial Condition and Capital Requirements
  • Our independent registered public accounting firm has included an explanatory paragraph relating to our ability to continue as a going concern in its report on our audited financial statements.
  • We do not have directors’ and officers’ liability insurance due to the high cost.
  • Risks Relating to Our Common Stock
  • Our common stock is currently quoted on OTCID market of OTC Markets, Inc.; however, because our common stock was downgraded to Expert Market, a new application for Proprietary Quotations may be required to allow brokers to place proprietary quotations on our stock .. We do not have an active, liquid trading market for our common stock and may never develop it.
  • Future capital raises may dilute our existing shareholders’ ownership, the value of their equity securities and/or have other adverse effects on our operations.
  • There is no assurance that we will be able to pay dividends to our stockholders, which means that you could receive little or no return on your investment.
  • “Penny Stock” rules may make buying or selling our Common Stock difficult. Limitations upon Broker-Dealers Effecting Transactions in “Penny Stocks”
  • FINRA sales practice requirements may also limit a stockholder’s ability to buy and sell our stock.
  • We are an “emerging growth company” under the JOBS Act of 2012 and a “smaller reporting company” and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies and smaller reporting companies, our Common Stock may be less attractive to investors.
  • Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.

Legal proceedings

As of the date of this report, the Company is not a party to any pending legal proceedings, nor is any of its property subject to litigation. Furthermore, no director, officer or affiliate and no owner, whether of record or beneficially holding more than 5% of any class of our voting securities, or any other security holder, is involved in any legal action adverse to the Company or that presents a material adverse interest.

The opening of Item 3, Legal Proceedings.3

Sources

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