USOG Quarterly Report Third Quarter 2009 July 1 – September 30 ITEM 1. EXACT NAME OF ISSUER AND ADDRESS OF ITS PRINCIPAL EXECUTIVE OFFICES 2 ITEM 2. SHARES OUTSTANDING 2 ITEM 3. INTERIM QUARTERLY FINANCIAL STATEMENTS 3 ITEM 4. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION 6 ITEM 5. LEGAL PROCEEDINGS 7 ITEM 6. DEFAULTS UPON SENIOR SECURITIES 7 ITEM 7. OTHER INFORMATION 7 ITEM 8. EXHIBITS 8 ITEM 9. CERTIFICATIONS 9 1 of 9 Item 1. Exact Name of Issuer and address of its principal executive offices United States Oil and Gas Corp. (USOG) 11782 Jollyville Road, Ste. 211B Austin, TX 78759 Telephone: 512-464-1225 Fax: 512-628-6880 www.usaoilandgas.com
[email protected] Item 2. Shares Outstanding As of 9/30/09 there are: 3,000,000,000 common shares authorized 1,198,677,620 common shares outstanding 281,056,260 shares in the float 4 beneficial shareholders 1,087 shareholders of record As of 9/30/09 there are: 10,000,0000 preferred shares authorized 126,263 preferred shares outstanding 0 shares in the float 0 beneficial shareholders 27 shareholders of record 2 of 9 Item 3. Interim Quarterly Financial Statements USOG Income Statement Fiscal Q3, 2009 UNAUDITED USOG Consolidated Income Fuel 2,692,976 Propane 728,558 Other Income 104,744 Interest 12,281 Income Total Income 3,538,559 Cost of Goods Sold Fuel 2,299,275 Propane 490,586 Other COGS 189,398 Total COGS 2,979,259 Gross Profit 559,300 Expenses Advertising & Promotion 2,841 Amortization and Depreciation 42,999 Bad Debts (3,663) Bank Charges & Fees 395 Contract Labor & Consulting 47,058 Donations, Dues & Subscriptions 4,027 Insurance 29,152 Interest Expense 27,500 Meals and Entertainment 888 Misc.