Private company

White River Energy Corp.

White River Energy Corp. is an American transportation services company based in Fayetteville.1

Last updated Oct 20, 2026.

Overview

$1.1MRevenue, fiscal 20232
-$43.1MNet income, fiscal 20232
  • IndustryTransportation Services1
  • HeadquartersFayetteville, Arkansas1
  • Incorporated inNV3
  • Business address609 W/ Dickson St., Suite 102 G, Fayetteville, Ar 727013
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Financials

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

Key numbers, fiscal 2023

-2851.3%Operating margin2
-3903.2%Net margin2
-78.1%Revenue growth, 20232

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Selling, general and admin99¢$6.3M
  • Interest1¢$56.0K

Out of $1.1M in revenue.2 The company lost money this year.

Financial statements

Revenue4562$1.1M in 2023
0$5.0M$10.0M$15.0M2016: $0$020162017: $0$020172018: $0$020182019: $14.7M$14.7M20192022: $5.0M$5.0M2022−66%2023: $1.1M$1.1M2023−78%
Gross profit456$4.5M in 2019
0$2.0M$4.0M$6.0M2016: $0$020162017: $0$020172018: $0$020182019: $4.5M$4.5M2019
Operating income45672-$31.5M in 2023+1414% since 2016
-$40.0M-$30.0M-$20.0M-$10.0M02016: -$2.1M-$2.1M20162017: -$2.5M-$2.5M2017+22%2018: -$1.8M-$1.8M2018−28%2019: -$1.0M-$1.0M2019−43%2020: -$482.7K-$482.7K2020−53%2021: -$1.4M-$1.4M2021+182%2022: -$8.9M-$8.9M2022+556%2023: -$31.5M-$31.5M2023+253%
Net income458972-$43.1M in 2023+1876% since 2016
-$60.0M-$40.0M-$20.0M0$20.0M2016: -$2.2M-$2.2M20162017: -$2.6M-$2.6M2017+20%2018: -$1.8M-$1.8M2018−30%2019: -$5.3M-$5.3M2019+190%2020: $7.3M$7.3M20202021: -$2.3M-$2.3M20212022: -$6.9M-$6.9M2022+204%2023: -$43.1M-$43.1M2023+522%
Fiscal year20162017201820192020202120222023
Revenue$04$05$05$14.7M6$5.0M2$1.1M2
Cost of revenue$04$05$05$10.2M6
Gross profit$04$05$05$4.5M6
Research and development$329.4K4$688.7K5$457.0K5
Selling, general and admin$3.5M6$220.4K7$1.2M7$4.0M2$6.3M2
Operating expenses$1.4M7$14.0M2$32.6M2
Operating income-$2.1M4-$2.5M5-$1.8M5-$1.0M6-$482.7K7-$1.4M7-$8.9M2-$31.5M2
Interest$14.3K4$19.3K5$54.8K5$3.5M6$1.5K7$457$56.0K2
Income before tax-$2.3M7-$6.9M2-$42.9M2
Income tax$04$05$05
Net income-$2.2M4-$2.6M5-$1.8M8-$5.3M9$7.3M7-$2.3M7-$6.9M2-$43.1M2
Earnings per share-$0.054-$0.055-$0.035-$0.899$1.057-$0.317-$4.852
Earnings per share (diluted)-$0.899$1.057-$0.317-$4.852
Shares (weighted, basic)7.4M shares78.9M shares2
Shares (weighted, diluted)7.4M shares78.9M shares2

Compare White River Energy Corp. with another company

Corporate structure

White River Energy Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of White River Energy Corp.

  • Livio Stan Filed SC 13G on White River Energy Corp., latest Apr 11, 2024
  • Jay M. Puchir Filed SC 13D/A on White River Energy Corp., latest Feb 14, 2024 (2 filings since Dec 6, 2023)
  • Mark William Pearson Filed SC 13G/A on White River Energy Corp., latest Feb 14, 2024 (2 filings since Dec 11, 2023)
  • Randy May Filed SC 13D/A on White River Energy Corp., latest Feb 14, 2024 (3 filings since Dec 7, 2023)
  • White River Energy Corp. Fayetteville, Arkansas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What White River Energy 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$3.5M2 Mar 31, 2023$654.1K2 Mar 31, 2022+437.7%
Accumulated depreciation$265.7K2 Mar 31, 2023$57.7K2 Mar 31, 2022+360.9%
Property and equipment, net$3.3M2 Mar 31, 2023$596.5K2 Mar 31, 2022+445.1%
Finance-lease assets$175.1K2 Mar 31, 2023
Operating-lease assets (leased space)$100.6K2 Mar 31, 2023$243.5K2 Mar 31, 2022−58.7%
Oil and gas properties$1.3M2 Mar 31, 2023$2.3M2 Mar 31, 2022−44.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$827.8K2 Mar 31, 2023$251.1K2 Mar 31, 2022+229.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1M2 Mar 31, 2022

Inventory

ItemLatestA year beforeChange
Inventory, total$16.8K2 Mar 31, 2023$107.0K2 Mar 31, 2022−84.3%

Leadership

Who has led White River Energy Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Randy May2023–2024
  2. Livio Stan2024

Chief financial officer

  1. Jay M. Puchir2023–2024
2025
  • Chief executive officerLivio Stan May 3, 2024 to May 3, 202412
  • Chief executive officerRandy May Nov 27, 2023 to Mar 12, 202413
  • Chief financial officerJay M. Puchir Nov 21, 2023 to Jul 11, 202414
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJason Puchir named Nov 4, 2022 to Apr 12, 202419
  • DirectorJames Cahill named Nov 4, 2022 to Apr 12, 202419

Former names

  • Fortium Holdings Corp.May 19, 2021 to Aug 25, 20223
  • Banner Energy Services Corp.Feb 18, 2020 to Apr 30, 20213
  • Mount TAM Biotechnologies, Inc.Sep 1, 2015 to Dec 3, 20193
  • TabacaleraYsidron, Inc.Nov 29, 2013 to Aug 20, 20153
  • TABACALERA YSIDRON INCNov 1, 2013 to Feb 6, 20143

Timeline

  1. Oct 28, 20248-K Executive or director change; Other events20
  2. Jul 10, 20248-K Other events21
  3. May 3, 2024New chief executive Livio Stan becomes CEO12
  4. Apr 29, 20248-K Other events22
  5. Apr 29, 20248-K Entered a material agreement; Unregistered sale of shares; Executive or director change23
  6. Apr 9, 20248-K Other events24
  7. Apr 5, 20248-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares25
  8. Feb 23, 20248-K Other events26
  9. Feb 20, 20248-K Change of auditor27
  10. Jan 31, 20248-K Bylaws or fiscal year changed; Other events28
  11. Jan 16, 20248-K Entered a material agreement29
  12. Jan 3, 20248-K Other events30
  13. Dec 28, 20238-K Entered a material agreement; Unregistered sale of shares31
  14. Nov 27, 2023New chief executive Randy May becomes CEO13

Filings

148 filings to the SEC since October 2021: 2 annual reports, 9 quarterly reports, 50 major events, 20 insider forms, 8 large holders, 3 private raises, 56 other. The latest 20:

  1. Oct 28, 20248-K EDGAR
  2. Jul 15, 20244 EDGAR
  3. Jul 11, 20244/A EDGAR
  4. Jul 11, 20244 EDGAR
  5. Jul 11, 20244 EDGAR
  6. Jul 10, 2024424B3 EDGAR
  7. Jul 10, 20248-K EDGAR
  8. Jul 1, 2024NT 10-K EDGAR
  9. May 3, 20243 EDGAR
  10. Apr 29, 2024424B3 EDGAR
  11. Apr 29, 20248-K EDGAR
  12. Apr 29, 20248-K EDGAR
  13. Apr 25, 20244 EDGAR
  14. Apr 25, 20244 EDGAR
  15. Apr 25, 20244 EDGAR
  16. Apr 12, 2024D EDGAR
  17. Apr 11, 2024SC 13G EDGAR
  18. Apr 9, 20248-K EDGAR
  19. Apr 5, 2024424B3 EDGAR
  20. Apr 5, 20248-K EDGAR

The 148 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

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 20, 2023Puchir Jay M.Chief Financial OfficerBuy175$0.85$149Form 4
Nov 17, 2023Puchir Jay M.Chief Financial OfficerBuy2,800$0.08$224Form 4
Nov 13, 2023Puchir Jay M.Chief Financial OfficerBuy25$0.85$21Form 4

From Forms 4 filed with the SEC.

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.

  • Livio StanSC 13G, 1 filing Apr 11, 202432
  • Jay M. PuchirSC 13D/A, 2 filings Dec 6, 2023 to Feb 14, 202433
  • Mark William PearsonSC 13G/A, 2 filings Dec 11, 2023 to Feb 14, 202434
  • Randy MaySC 13D/A, 3 filings Dec 7, 2023 to Feb 14, 202435

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 1, 2024Raised $22.1 million in a private offering of equity Form D: 22 investors so far Form D
  2. Nov 6, 2023Raised $872,000 in a private offering of securities Form D: $20 million offered in all Form D
  3. Oct 24, 2022Raised $3.8 million in a private offering of securities Form D: $20 million offered in all Form D

SEC filer profile

How White River Energy Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWhite River Energy Corp.1
  • CIK0001589361
  • Employer ID (EIN)45-37975371
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsMarch 311
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address609 W/ Dickson St., Suite 102 G, Fayetteville, AR 727011
  • Phone(800) 203-56101
  • Shares outstanding57,479,436 as of Mar 13, 202411
  • Public float$4.8M as of Sep 30, 20222
  • On EDGAR sinceNov 1, 20131
  • Filings242 in all: 8-K (78), 10-Q (29), 424B3 (18), S-1/A (18), UPLOAD (16), CORRESP (14), 4 (12), 10-K (9)1
    All 24 form types

    D (9), 3 (7), NT 10-Q (6), NT 10-K (5), 8-K/A (3), SC 13D/A (3), 10-Q/A (2), EFFECT (2), S-1 (2), SC 13D (2), SC 13G (2), 4/A (1), 424B8 (1), 8-A12G (1), DEF 14C (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2023
    Quarterly report (10-Q) Mar 15, 2024
    Latest 8-K (8-K) Oct 28, 2024

Sources

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    SEC EDGAROther events
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