XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Oil Sales $ 10,416,422 $ 2,058,479
Gas Sales 985,423 376,549
Natural Gas Liquids Sales 1,732,518
Other 24,043 21,430
Net Realized and Unrealized Loss on Derivatives (112,321) (357,915)
Total Revenue 13,046,085 2,098,543
Costs and Expenses:    
Operating 5,190,946 1,418,010
Taxes - Production 901,238 169,832
Depletion, Depreciation & Amortization 434,446 180,540
Accretion of Asset Retirement Obligation 330,000 284,465
General and Administrative 2,455,380 906,048
Total Cost and Expenses 9,312,010 2,958,895
Operating Income (Loss) 3,734,075 (860,352)
Other Income and (Expense):    
Interest Expense (110,648) (136,828)
Net Income (Loss) $ 3,623,427 $ (997,180)
Net Income  (Loss) per Common Share:    
Basic $ 0.18 $ (0.13)
Diluted $ 0.15 $ (0.13)
Weighted Average Number of Common Shares Outstanding,    
Basic 19,866,687 7,954,771
Diluted 24,018,453 7,954,771