Private company

DAYBREAK OIL & GAS, INC.

DAYBREAK OIL & GAS, INC. is an American crude petroleum and natural gas company based in Wallace.¹

Last updated Oct 20, 2026.

Overview

IndustryCrude Petroleum & Natural Gas¹
HeadquartersWallace, Idaho¹
Incorporated inWA²
Business address602 Cedar St., Suite 223, Wallace, Id 83873²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Our Common Stock is quoted on the OTCMarkets under the symbol DBRM in the Expert Market.⁴ 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 2023

-141.6%Operating margin⁵

-150.6%Net margin⁵

137.2%Revenue growth, 2023⁵

-75.7%Return on equity⁵

0.04×Debt to equity⁵

Where the money goes

Where each dollar of revenue went, fiscal 2023

Other costs

Other costs91¢$1.5M
Interest9¢$145.2K

Out of $1.6M in revenue.⁵ The company lost money this year.

Financial statements

Revenue⁶⁷⁸⁹¹⁰⁵$1.6M in 2023+234% since 2017

Operating income⁶⁷⁸⁹¹⁰⁵-$2.3M in 2023+163% since 2017

Net income⁶⁷⁸⁹¹⁰⁵-$2.4M in 2023−30% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Revenue	$482.7K⁶	$628.7K⁷	$742.9K⁸	$663.5K⁹	$404.9K¹⁰	$680.1K¹⁰	$1.6M⁵
Operating expenses						$940.9K⁵	$3.9M⁵
Operating income	-$868.8K⁶	-$714.2K⁷	-$353.0K⁸	-$276.1K⁹	-$348.8K¹⁰	-$260.8K⁵	-$2.3M⁵
Interest	$3.0M⁶	$1.7M⁷	$1.8M⁸	$478.6K⁹	$237.8K¹⁰	$220.1K⁵	$145.2K⁵
Income tax	$0⁶	$0⁷	$0⁸	$0⁹	$0¹³
Net income	-$3.5M⁶	-$2.5M⁷	$10.2M⁸	-$754.6K⁹	-$512.3K¹⁰	-$398.4K⁵	-$2.4M⁵
Earnings per share		-$0.05⁷	$0.19⁸	-$0.02⁸	-$0.01¹⁰	-$0.01⁵	-$0.01⁵
Earnings per share (diluted)		-$0.05⁷	$0.19⁸	-$0.02⁸
Shares (weighted, basic)						61.5M shares⁵	312.3M shares⁵

Total assets⁶⁷⁸⁹¹⁰⁵$7.7M in 2023+511% since 2017

Total liabilities⁶⁷⁸⁹¹⁰⁵$4.5M in 2023−68% since 2017

Shareholders’ equity⁷⁸⁹¹⁰⁵$3.2M in 2023

Cash⁶⁷⁸¹⁰⁵$299.4K in 2023+613% since 2017

Long-term debt⁹¹⁰⁵$136.7K in 2023−11% since 2021

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$42.0K⁶	$48.5K⁷	$30.1K⁸	$94.0K¹⁰	$33.5K¹⁰	$139.6K⁵	$299.4K⁵
Receivables						$117.7K⁵	$131.5K⁵
Current assets	$309.3K⁶	$333.7K⁷	$183.5K⁸	$240.4K⁹	$283.2K¹⁰	$416.7K⁵	$1.2M⁵
Property, plant and equipment						$6.6K⁵	$3.4K⁵
Goodwill							$1.4M⁵
Total assets	$1.3M⁶	$1.1M⁷	$912.4K⁸	$917.5K⁹	$912.1K¹⁰	$975.7K⁵	$7.7M⁵
Current liabilities	$13.5M⁶	$16.3M⁷	$5.3M⁸	$4.1M⁹	$4.5M¹⁰	$3.4M⁵	$3.3M⁵
Long-term debt					$154.1K⁹	$145.5K¹⁰	$136.7K⁵
Long-term liabilities						$918.2K⁵	$1.3M⁵
Total liabilities	$14.1M⁶	$16.4M⁷	$6.0M⁸	$5.6M⁹	$6.0M¹⁰	$4.3M⁵	$4.5M⁵
Retained earnings						-$29.5M⁵	-$32.0M⁵
Shareholders’ equity	-$12.8M⁷	-$15.3M⁸	-$5.1M⁹	-$4.6M¹⁰	-$5.1M⁵	-$3.3M⁵	$3.2M⁵
Shares outstanding	51.5M shares¹⁴	51.5M shares⁶	53.5M shares⁷	53.5M shares⁸	60.5M shares⁹	384.7M shares¹⁰	384.7M shares⁵

Cash from operations⁶⁷⁸⁹¹⁰⁵-$315.1K in 2023

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash from operations	$166.0K⁶	-$120.2K⁷	-$29.6K⁸	$41.3K⁹	-$143.5K¹⁰	-$13.4K⁵	-$315.1K⁵
Depreciation and amortization						$49.6K⁵	$504.1K⁵
Cash from investing						-$16.2K⁵	-$386.2K⁵
Cash from financing						$135.6K⁵	$1.1M⁵

Compare DAYBREAK OIL & GAS, INC. with another company

Corporate structure

DAYBREAK OIL & GAS, INC. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DAYBREAK OIL & GAS, INC.

Gaelic Resources Ltd Filed SC 13D/A on DAYBREAK OIL & GAS, INC., latest Jun 28, 2022 (2 filings since May 31, 2022)
James F. Westmoreland Filed SC 13D/A on DAYBREAK OIL & GAS, INC., latest Mar 22, 2022

DAYBREAK OIL & GAS, INC. Wallace, Idaho
- Reabold California, LLC Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DAYBREAK OIL & GAS, INC. 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

Item	Latest	A year before	Change
Property and equipment, net	$3.4K⁵ Feb 28, 2023	$6.6K⁵ Feb 28, 2022	−48.0%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$299.4K⁵ Feb 28, 2023	$139.6K⁵ Feb 28, 2022	+114.5%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$1.4M⁵ Feb 28, 2023

Leadership

Who has led DAYBREAK OIL & GAS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

James F. Westmoreland2009–2022

Chief financial officer

Chief operating officer

Benjamin Wade Anderson2006–2023

2010201520202025

Chief executive officerJames F. Westmoreland Apr 9, 2009 to Feb 25, 2022¹⁵
Chief executive officerTimothy R. Lindsey Feb 22, 2008 to Feb 22, 2008¹⁶
Chief executive officerEric Moe Mar 7, 2006 to Dec 3, 2007¹⁷
PresidentJames F. Westmoreland Apr 9, 2009 to Feb 25, 2022¹⁵
Chief financial officerJames F. Westmoreland Jan 3, 2008 to Jan 3, 2008¹⁸
Chief financial officerTerry Dunne Oct 29, 2007 to Nov 20, 2007¹⁹
Chief operating officerBenjamin Wade Anderson Mar 7, 2006 to May 26, 2023²⁰

Board members and other officers (13)

Corporate SecretaryKarol Lynn Adams Dec 28, 2007 to Jul 26, 2010²¹
TreasurerThomas C. Kilbourne Jan 30, 2006 to May 26, 2023²²
SecretaryJeffrey Robert Dworkin Mar 9, 2006 to Mar 9, 2006²³
Board memberJames F. Westmoreland Apr 9, 2009 to Feb 25, 2022¹⁵
Board memberTimothy R. Lindsey Feb 22, 2008 to Feb 28, 2022¹⁶
Board memberJames F. Meara Apr 2, 2008 to Feb 25, 2022²⁴
Board memberWayne G. Dotson Aug 8, 2008 to Jul 26, 2010²⁵
Board memberDale B. Lavigne Jan 30, 2006 to Jul 26, 2010²⁶
Board memberRonald D. Lavigne Jan 30, 2006 to Jul 26, 2010²⁷
Board memberThomas C. Kilbourne Jan 30, 2006 to Jun 6, 2006²²
Board memberTerry Dunne Mar 1, 2006 to Nov 20, 2007²⁸
Board memberJeffrey Robert Dworkin Mar 9, 2006 to Mar 9, 2006²³
Board memberEric Moe Sep 6, 2006 to Dec 3, 2007²⁹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

Reabold California, LLC California³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

DAYBREAK OIL & GAS INCFeb 10, 2005 to Jul 12, 2012²
DAYBREAK MINES INCNov 22, 2002 to Dec 13, 2005²

Timeline

Apr 29, 20258-K Executive or director change³⁰
Feb 4, 20258-K Executive or director change³¹
Nov 4, 20248-K Executive or director change³²
Dec 22, 20238-K Regulation FD disclosure³³
Aug 1, 20238-K Entered a material agreement; New debt or obligation³⁴
Jul 11, 20238-K Financial statements and exhibits³⁵
Aug 31, 20228-K Shareholder vote³⁶
Aug 23, 20228-K Regulation FD disclosure³⁷
May 26, 20228-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares³⁸
May 24, 20228-K Shareholder vote³⁹
May 11, 20228-K Entered a material agreement; Other events⁴⁰
Apr 28, 20228-K Regulation FD disclosure⁴¹
Apr 9, 2009New chief executive James F. Westmoreland becomes CEO¹⁵
Feb 22, 2008New chief executive Timothy R. Lindsey becomes CEO¹⁶
Mar 7, 2006New chief executive Eric Moe becomes CEO¹⁷

Filings

65 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 17 major events, 7 insider forms, 3 large holders, 31 other. The latest 20:

The 65 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.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Gaelic Resources LtdSC 13D/A, 2 filings May 31, 2022 to Jun 28, 2022⁴²
James F. WestmorelandSC 13D/A, 1 filing Mar 22, 2022⁴³

SEC filer profile

How DAYBREAK OIL & GAS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARDAYBREAK OIL & GAS, INC.¹
CIK0001164256
Employer ID (EIN)91-0626366¹
Filer statusNon-accelerated filer<br>smaller reporting company¹
Incorporated inWashington¹
Fiscal year endsFebruary 28¹
Industry code (SIC)1311 Crude Petroleum & Natural Gas¹
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
Business address602 Cedar St., Suite 223, Wallace, ID 83873¹
Phone208-556-1199¹
Shares outstanding384,734,902 as of Jan 23, 2024⁵
Public float$2.8M as of Aug 31, 2022⁵
On EDGAR sinceNov 22, 2002¹
Filings409 in all: 4 (100), 8-K (89), 10-Q (45), 3 (22), CORRESP (19), UPLOAD (18), 10-K (15), 10QSB (15)¹
All 39 form types
NT 10-Q (13), 8-K/A (10), REGDEX (8), 10KSB (6), DEF 14A (5), NT 10-K (5), DEFA14A (4), 10KSB/A (3), 4/A (3), SC 13D (3), SC 13D/A (3), 5 (2), PRE 14A (2), S-8 (2), 10-K/A (1), 10-Q/A (1), 10SB12G (1), 10SB12G/A (1), D (1), DEFM14A (1), DEFR14A (1), NT 10-K/A (1), NTN 10K (1), PREM14A (1), REGDEX/A (1), REVOKED (1), RW (1), SB-2 (1), SB-2/A (1), SC 13G (1), SC 13G/A (1)
Latest filingsAnnual report (10-K) Jan 24, 2024
Quarterly report (10-Q) Jan 17, 2023
Proxy statement (DEF 14A) Jul 1, 2022
Latest 8-K (8-K) Apr 29, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARDAYBREAK OIL & GAS, INC. filings on SEC EDGAR
2
SEC EDGARDAYBREAK OIL & GAS, INC. filings on SEC EDGAR
3
SEC EDGARDAYBREAK OIL & GAS, INC. annual report, Exhibit 21 (subsidiaries)
4
SEC EDGARDAYBREAK OIL & GAS, INC. annual report, Item 1 (Business)
5
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2023
6
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2017
7
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2018
8
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2019
9
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2020
10
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2021
11
SEC EDGARDAYBREAK OIL & GAS, INC. 10-Q for fiscal 2022
12
SEC EDGARDAYBREAK OIL & GAS, INC. 10-Q for fiscal 2022
13
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2021
14
SEC EDGARDAYBREAK OIL & GAS, INC. 10-K for fiscal 2017
15
SEC EDGARJames F. Westmoreland, Chief executive officer
16
SEC EDGARTimothy R. Lindsey, Chief executive officer
17
SEC EDGAREric Moe, Chief executive officer
18
SEC EDGARJames F. Westmoreland, Chief financial officer
19
SEC EDGARTerry Dunne, Chief financial officer
20
SEC EDGARBenjamin Wade Anderson, Chief operating officer
21
SEC EDGARKarol Lynn Adams, Corporate Secretary
22
SEC EDGARThomas C. Kilbourne, Treasurer
23
SEC EDGARJeffrey Robert Dworkin, Secretary
24
SEC EDGARJames F. Meara, Board member
25
SEC EDGARWayne G. Dotson, Board member
26
SEC EDGARDale B. Lavigne, Board member
27
SEC EDGARRonald D. Lavigne, Board member
28
SEC EDGARTerry Dunne, Board member
29
SEC EDGAREric Moe, Board member
30
SEC EDGARExecutive or director change
31
SEC EDGARExecutive or director change
32
SEC EDGARExecutive or director change
33
SEC EDGARRegulation FD disclosure
34
SEC EDGAREntered a material agreement; New debt or obligation
35
SEC EDGARFinancial statements and exhibits
36
SEC EDGARShareholder vote
37
SEC EDGARRegulation FD disclosure
38
SEC EDGAREntered a material agreement; Completed an acquisition or sale; Unregistered sale of shares
39
SEC EDGARShareholder vote
40
SEC EDGAREntered a material agreement; Other events
41
SEC EDGARRegulation FD disclosure
42
SEC EDGARGaelic Resources Ltd SC 13D/A on DAYBREAK OIL & GAS, INC.
43
SEC EDGARJames F. Westmoreland SC 13D/A on DAYBREAK OIL & GAS, INC.