Next Bridge Hydrocarbons, Inc.

CIK 1936756 ·Mining · All EDGAR filings ↗

Progression

2026-02-25 SEC comment letter CORRESP
2026-03-31 Late filing NT 10-K +34d

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An amendment is grouped with the report it amends; every 12b-25 notice is one group

Late filing elevated Filing comparison 2026-03-31

Next Bridge Hydrocarbons, Inc. told the SEC it could not file its annual report on time

Accordingly, the registrant got a late start on its Form 10-K for the year ended December 31, 2025 and has not had sufficient time to complete the filing. The registrant is diligently working to complete and file the Form 10-K as soon as possible but will be unable to timely file the Form 10-K without unreasonable effort and expense.

Evidence

Days past due date: 0
Routine: No
Severity: elevated
Source: Form 12b-25 (notification of late filing)
Stated reason: Accordingly, the registrant got a late start on its Form 10-K for the year ended December 31, 2025 and has not had sufficient time to complete the filing. The registrant is diligently working to complete and file the Form 10-K as soon as possible but will be unable to timely file the Form 10-K without unreasonable effort and expense.
Why: The company told the SEC it could not file a periodic report on time, using Form 12b-25.

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SEC comment letter Filing comparison 2026-02-25

Next Bridge Hydrocarbons, Inc. responded to SEC staff comments on fair value

Letter dated 2024-11-13; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note that you provided draft revisions in response to prior comment 7, having an incremental table to report fees paid to the current independent accountant for the audit of your 2023 financial statements and the re-audit of your 2022 financial statements. However, the information that you have provided in the table indicates the auditor was compensated for a re-audit of the 2022 successor period financial…

Evidence

Direction: company to staff
Letter dated: 2024-11-13
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated October 31, 2024 File No. 000-56648 Dear
Source: Company response to SEC staff (CORRESP)
Topics: Fair value, Business combinations, Goodwill and impairment, Leases, Income taxes, Inventory, Internal control, Going concern
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

Next Bridge Hydrocarbons, Inc. responded to SEC staff comments on business combinations

Letter dated 2025-01-15; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note that you provided the engagement letters regarding the M&K CPAS PLLC re-audit of the 2022 financial statements and the BF Borgers, CPA audit of the 2020 and 2021 financial statements, in response to prior comments one and two. Please also provide the engagement letters for M&K CPAS PLLC audit of your 2023 financial statements, and the engagement letters covering all of the services provided by BF Borgers…

Evidence

Direction: company to staff
Letter dated: 2025-01-15
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated December 20, 2024 File No. 000-56648 Dea
Source: Company response to SEC staff (CORRESP)
Topics: Business combinations, Fair value, Goodwill and impairment, Leases, Income taxes, Inventory, Internal control, Going concern
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

Next Bridge Hydrocarbons, Inc. responded to SEC staff comments on fair value

Letter dated 2025-03-21; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note your response to prior comment 3 expressing the view that the separation should be accounted for at fair value because some of the Series A preferred shares had exchanged hands during the period of custodianship and you believe that “reliance on the criteria of the fair value guidance is reasonable" although you have not reconciled the view to having a valuation of $79,695,928 as of December 14, 2022 and a…

Evidence

Direction: company to staff
Letter dated: 2025-03-21
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Comment letter dated February 14, 2025 File No. 000-566
Source: Company response to SEC staff (CORRESP)
Topics: Fair value, Business combinations, Goodwill and impairment, Leases
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

Next Bridge Hydrocarbons, Inc. responded to SEC staff comments on goodwill and impairment

Letter dated 2025-05-20; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

Evidence

Direction: company to staff
Letter dated: 2025-05-20
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Comment letter dated April 9, 2025 File No. 000-56648 D
Source: Company response to SEC staff (CORRESP)
Topics: Goodwill and impairment, Fair value, Leases, Income taxes
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

Next Bridge Hydrocarbons, Inc. responded to SEC staff comments on goodwill and impairment

Letter dated 2025-08-18; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

Please revise the second sentence of the first paragraph of this note to reference the correct restated net loss amount for the fiscal year December 31, 2023. Response: In response to the Staff’s comment, the Company has revised the disclosures, and directs the Staff to the updated disclosures in Note 4 of the Draft Amendment. Note 3 – Significant Accounting Policies Oil and natural gas properties, page F-8 5.…

Evidence

Direction: company to staff
Letter dated: 2025-08-18
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Comment letter dated June 11, 2025 File No. 000-56648 D
Source: Company response to SEC staff (CORRESP)
Topics: Goodwill and impairment, Going concern, Fair value, Business combinations, Leases, MD&A, Internal control, Income taxes, Share-based compensation, Revenue recognition
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

SEC staff questioned Next Bridge Hydrocarbons, Inc.'s accounting for goodwill and impairment

Letter dated 2024-09-20; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note the disclosures in advance of page one stating “the Company and its new auditing firm analyzed the previous 2022 financial statements and determined that there were reporting deficiencies,” and “the Company and its new auditing firm determined that the 2022 audit performed by Borgers should not be included in the 2023 filing,” and that based on those views you engaged the firm to also reaudit the 2022…

Evidence

Direction: staff to company
Letter dated: 2024-09-20
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 File No. 000-56648 Dear Gregory McCabe: We have reviewe
Source: SEC staff comment letter (UPLOAD)
Topics: Goodwill and impairment, Leases, Fair value, Business combinations, Internal control
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

SEC staff questioned Next Bridge Hydrocarbons, Inc.'s accounting for fair value

Letter dated 2024-10-31; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note that you provided draft revisions in response to prior comment 7, having an incremental table to report fees paid to the current independent accountant for the audit of your 2023 financial statements and the re-audit of your 2022 financial statements. However, the information that you have provided in the table indicates the auditor was compensated for a re-audit of the 2022 successor period financial…

Evidence

Direction: staff to company
Letter dated: 2024-10-31
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated October 1, 2024 File No. 000-56648 Dear
Source: SEC staff comment letter (UPLOAD)
Topics: Fair value, Business combinations, Goodwill and impairment, Leases
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

SEC staff questioned Next Bridge Hydrocarbons, Inc.'s accounting for business combinations

Letter dated 2024-12-20; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note that you provided the engagement letters regarding the M&K CPAS PLLC re-audit of the 2022 financial statements and the BF Borgers, CPA audit of the 2020 and 2021 financial statements, in response to prior comments one and two. Please also provide the engagement letters for M&K CPAS PLLC audit of your 2023 financial statements, and the engagement letters covering all of the services provided by BF Borgers…

Evidence

Direction: staff to company
Letter dated: 2024-12-20
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated November 13, 2024 File No. 000-56648 Dea
Source: SEC staff comment letter (UPLOAD)
Topics: Business combinations, Fair value, Goodwill and impairment, Leases
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

SEC staff questioned Next Bridge Hydrocarbons, Inc.'s accounting for fair value

Letter dated 2025-02-14; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

We note your response to prior comment 3 expressing the view that the separation should be accounted for at fair value because some of the Series A preferred shares had exchanged hands during the period of custodianship and you believe that "reliance on the criteria of the fair value guidance is reasonable" although you have not reconciled the view to having a valuation of $79,695,928 as of December 14, 2022 and a…

Evidence

Direction: staff to company
Letter dated: 2025-02-14
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated January 15, 2025 File No. 000-56648 Dear
Source: SEC staff comment letter (UPLOAD)
Topics: Fair value, Business combinations, Goodwill and impairment, Leases
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison 2026-02-25

SEC staff questioned Next Bridge Hydrocarbons, Inc.'s accounting for goodwill and impairment

Letter dated 2025-06-11; published on EDGAR 2026-02-25 — the SEC releases comment letters only after the review closes.

Please revise the second sentence of the first paragraph of this note to reference the correct restated net loss amount for the fiscal year ended December 31, 2023. Note 3 - Significant Accounting Policies Oil and natural gas properties, page F-8 5. Please address the apparent inconsistency between your disclosure in the second paragraph on page F-8, stating that you recorded an impairment of $28,192,277 related to…

Evidence

Direction: staff to company
Letter dated: 2025-06-11
Published on edgar: 2026-02-25
Reviewing: Next Bridge Hydrocarbons, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 Filed July 17, 2024 Response dated May 20, 2025 File No. 000-56648 Dear Gre
Source: SEC staff comment letter (UPLOAD)
Topics: MD&A, Goodwill and impairment, Going concern, Fair value, Business combinations, Leases
Why: SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗