XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 93 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Cash flows from operating activities        
Net income (loss) attributable to common stockholders $ 5,218,401   $ (7,135,148)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, depletion, amortization and accretion 1,527,812   1,410,888  
Impairment of proved property 0 $ 0 9,602,620  
Deferred income taxes (119,125)   (2,160,340)  
Net loss on derivative contracts 0   334,966  
Payments paid for derivative settlements 0   (1,096,472)  
Other (2,169)   3,816  
Changes in operating assets and liabilities:        
Receivables (7,617,267)   (57,175)  
Prepaid expenses and other current assets 108,666   83,150  
Net operating loss carryback 0   (512,042)  
Accounts payable and accrued expenses 4,639,889   250,421  
Income taxes payable 1,638,712   122,206  
Net cash provided by operating activities 5,592,745   1,147,241  
Cash flows from investing activities        
Development of oil and natural gas properties (390,370)   (153,205)  
Net cash used in investing activities (390,370)   (153,205)  
Cash flows from financing activities        
Common stock dividends paid (2,522,408)   (823,846) $ (77,000,000)
Common share repurchases, including shares surrendered for tax withholding (1,599)   (7,348)  
Net cash used in financing activities (2,524,007)   (831,194)  
Net increase (decrease) in cash and cash equivalents 2,678,368   162,842  
Cash and cash equivalents, beginning of period 5,276,510   19,662,528  
Cash and cash equivalents, end of period $ 7,954,878 $ 5,276,510 $ 19,825,370 $ 7,954,878