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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 12,436,535 $ 3,611,871
Accounts Receivable 8,846,989 7,733,905
Unrealized Gain on Derivative Instruments 191,072 55,242
Inventory - Oil in Tanks 1,192,589 1,037,880
Prepaids 539,526 679,122
Total Current Assets 23,206,711 13,118,020
Property and Equipment:    
Oil and Natural Gas Properties, Successful Efforts 50,426,477 46,914,326
Less: Accumulated Depreciation, Depletion and Impairment (18,202,939) (17,525,918)
 Net 32,223,538 29,388,408
Other Property and Equipment, Net 1,322,323 1,288,611
Total Property and Equipment, Net 33,545,861 30,677,019
Unrealized Gain on Derivative Instruments - Long Term 82,853 194,018
Sinking Fund 5,450,000 4,810,000
Utility and Other Deposits 1,805,608 1,290,594
Total Assets 64,091,033 50,089,651
Current Liabilities:    
Accounts Payable 3,324,959 4,329,535
Accrued Expenses 7,533,699 5,844,184
Current Portion of Lease Liability 209,320 180,105
Current Portion of Long-Term Notes Payable 1,406,081 1,700,663
Total Current Liabilities 12,474,059 12,054,487
Long-Term Notes Payable 6,806,043 6,914,101
Long Term Lease Liability 591,412 646,311
Asset Retirement Obligations 21,379,788 20,640,599
Total Liabilities 41,251,302 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,  21,443,293 and 19,840,648 Shares Issued and Outstanding, Respectively 81,111 79,362
Additional Paid-in Capital 72,834,256 68,988,134
Accumulated Deficit (50,075,636) (59,233,343)
Total Stockholders' Equity 22,839,731 9,834,153
Total Liabilities and Stockholders' Equity $ 64,091,033 $ 50,089,651