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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:    
Net Income (Loss) $ 7,084,130 $ (18,614,962)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By Operating Activities:    
Stock Compensation and Issuances 2,716,752 1,502,220
Amortization of Right of Use Assets 263,847 137,046
Depreciation, Depletion and Amortization 1,949,191 2,502,275
Accretion of Asset Retirement Obligation 1,357,906 1,214,479
Impairment 936,620
Loss on Settlement of Asset Retirement Obligation 181,386
Loss on XTO Final Settlement (See Note 4) 1,448,363
PIE-Related Expense (See Note 5) 1,399,030
Amortization of Loan Issue Costs 14,587
Right to Buy Issuance Costs 989,115
Loss on Embedded Conversion Option 4,504,104
Amortization of Discount on Convertible Notes 7,727,213
Loss on Extinguishment of Debt 3,169,201
Convertible Debt Modification Inducement Expense 2,276,813
Stock Issued for Interest Expense Payment 296,127
Forgiveness of Payroll Protection Plan Loan (267,550)
Change in Operating Assets and Liabilities:    
Accounts Receivable (1,812,230) (6,482,271)
Derivative Instruments 127,676 (255,009)
Inventory, Oil in Tanks (802,394) (506,571)
Prepaids, Current (369,312) 95,371
Other Long Term Assets and Liabilities (568,690) (488,544)
Accounts Payable 526,682 2,210,285
Accrued Expenses 3,616,826 3,146,353
Net Cash Provided By Operating Activities 18,055,783 3,170,282
Cash Flows from Investing Activities:    
Acquisition of Oil and Natural Gas Properties (2,702,613) (19,545,505)
Additions to Oil and Natural Gas Properties (10,161,711)
Purchase of Other Fixed Assets (311,229) (220,769)
Cash Paid for Right of Use Assets (268,934) (140,604)
Sinking Fund Deposit 2,031,000 (4,810,000)
Net Cash Used In Investing Activities (11,413,487) (24,716,878)
Cash Flows from Financing Activities:    
Proceeds from Debt Issued 19,493,000
Principal Payments of Debt (1,699,840) (5,893,984)
Proceeds from Stock and Warrant Issuances 11,294,906
Proceeds from Option and Warrant Exercise 3,390,115
Paycheck Protection Program Loan Proceeds 106,850
Net Cash Provided By Financing Activities 1,690,275 25,000,772
Net Change in Cash 8,332,571 3,454,176
Cash - Beginning of Period 3,611,871 157,695
Cash - End of Period 11,944,442 3,611,871
Supplemental Cash Flow Information:    
Cash Paid for Interest 473,205 436,053
Non-Cash Investing and Financing Activities:    
Non-Cash Additions and Revisions to Asset Retirement Obligations 3,163,193 4,021,953
Right-of-use assets purchased with lease liability 186,126
Note Payable Activity - PIE Agreement (see Note 5) 602,020
Purchases of Oil and Natural Gas Properties in Accounts Payable 1,197,880
Property Additions in Notes Payable 181,507
Common Stock Issued in Exchange for Outstanding Notes Payable 32,611,376
Equipment Purchased Utilizing Note Payable $ 1,255,503