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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 5,353,609 $ 3,611,871
Accounts Receivable 8,491,371 7,733,905
Unrealized Gain on Derivative Instruments 77,907 55,242
Inventory - Oil in Tanks 975,678 1,037,880
Prepaids 542,112 679,122
Total Current Assets 15,440,677 13,118,020
Property and Equipment:    
Oil and Natural Gas Properties, Successful Efforts 47,338,977 46,914,326
Less: Accumulated Depreciation, Depletion and Impairment (17,926,748) (17,525,918)
Net 29,412,229 29,388,408
Other Property and Equipment, Net 1,224,319 1,288,611
Total Property and Equipment, Net 30,636,548 30,677,019
Unrealized Gain on Derivative Instruments - Long Term 142,292 194,018
Sinking Fund 5,290,000 4,810,000
Utility and Other Deposits 1,309,281 1,290,594
Total Assets 52,818,798 50,089,651
Current Liabilities:    
Accounts Payable 2,675,098 4,329,535
Accrued Expenses 6,284,655 5,844,184
Current Portion of Lease Liability 181,029 180,105
Current Portion of Long-Term Notes Payable 1,553,369 1,700,663
Total Current Liabilities 10,694,151 12,054,487
Long-Term Notes Payable 6,620,130 6,914,101
Long Term Lease Liability 602,554 646,311
Asset Retirement Obligations 20,970,599 20,640,599
Total Liabilities 38,887,434 40,255,498
Stockholders' Equity:    
Series A Preferred Stock - $.001 Par Value, 10,000,000 Shares Authorized,6 and 0 Shares Issued and Outstanding, Respectively
 Common Stock - $.001 Par Value 190,000,000 Shares Authorized,19,889,398 and 19,840,648 Shares Issued and Outstanding, Respectively 79,557 79,362
Additional Paid-in Capital 69,461,723 68,988,134
Accumulated Deficit (55,609,916) (59,233,343)
Total Stockholders' Equity 13,931,364 9,834,153
Total Liabilities and Stockholders' Equity $ 52,818,798 $ 50,089,651