Here are the 10-K annual reports from CoJax Oil & Gas Corp (CJAX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CJAX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CJAX filings page.
CoJax Oil and Gas Corporation is an early-stage oil and gas company focused on acquiring and developing crude oil and natural gas properties in the Gulf States Drill Region, primarily through non-operated interests in Mississippi and Alabama.
For the year ended December 31, 2025, CoJax reported net production of 14,636 barrels of oil equivalent, all from oil, at an average realized price of $67.75 per barrel and average production costs of $28.56 per BOE. As of year-end 2025, the company held interests in 27 productive oil wells and 3,164 gross (2,935 net) developed acres, plus 644 gross (586 net) undeveloped acres.
The company reassigned its NONOP assets back to Taxodium Energy in 2025 in exchange for cancellation of outstanding payables tied to those properties, and remains dependent on contractors such as COP and Taxodium to run field operations. CoJax operates with only two full-time employees and a contractor-based model.
CoJax’s auditor raised substantial doubt about its ability to continue as a going concern due to recurring losses and a working capital deficit. The business relies on new equity or debt financing to fund drilling, acquisitions, and well work, and faces extensive industry, regulatory, climate, and cybersecurity risks. The aggregate market value of non-affiliate common equity was $15,046,671, with 14,168,755 common shares outstanding on March 24, 2026.
CoJax Oil & Gas Corp (CJAX) filed an amended Form 10-K/A covering year ended December 31, 2024. The filing includes business risk factors, definitions of industry terms, and operational schedules showing total production (14,257, 13,488, 4,816 BOE across periods) and average realized prices for oil of $71.38, $79.61 and $88.85 per barrel and natural gas prices of $4.54, $2.88 and $7.60 per Mcf for reported periods. Production cost per BOE was $25.05, $18.43 and $66.67, with lease operating expenses disclosed at $355,644 and $248,642 and G&A expenses of $919,994 and $1,038,473 for two comparative years. The company reported losses before income taxes of $(1,609,846) and $(1,629,902) with an expected tax recovery of $(338,068) and $(342,280). Balance sheet and cash flow line items are included, showing cash at beginning of period amounts and notes payable details including related-party promissory notes from the Executive Chairman totaling multiple $15,000–$20,000 advances. The filing discloses acquisitions: issuance of Pine Grove Shares (2,211,982 shares) and Liberty Shares (1,320,755 shares) in 2024 for mineral and oil and gas interests to Barrister Energy, LLC, effective May 1 and July 1, 2024. Impairments were recorded in 2023: $875,400 on Barrister Energy property. The filing discloses internal control weaknesses (inadequate segregation of duties, lack of independent directors/audit committee) and going concern and liquidity-related disclosures.