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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net Income (Loss) $ (2,459,591) $ 3,623,427
Adjustments to Reconcile Net Income (Loss) to Net Cash    
Stock Compensation and Issuances 949,639 376,284
Amortization of Right of Use Assets 76,225 39,706
Depreciation, Depletion and Amortization 622,489 434,446
Accretion of Asset Retirement Obligation 401,275 330,000
Gain (loss) on Derivatives 66,823 112,321
Settlement on or Purchases of Derivative Instruments (41,187) (83,260)
Change in Operating Assets and Liabilities:    
Accounts Receivable (849,909) (757,466)
Inventory, Oil in Tanks (420,859) 62,202
Prepaids, Current 89,812 137,010
Other Long Term Assets & Liabilities (213,611)
Accounts Payable (110,053) (1,654,437)
Accrued Expenses (3,177,767) 440,471
Net Cash Provided By (Used in) Operating Activities (5,066,714) 3,060,704
Cash Flows from Investing Activities:    
Additions to Oil and Natural Gas Properties (2,210,004) (424,651)
Purchase of Other Fixed Assets (27,170) (9,030)
Cash Paid for Right of Use Assets (86,545) (42,833)
Sinking Fund Deposit 2,779,000 (480,000)
Net Cash Provided by (Used In) Investing Activities 455,281 (956,514)
Cash Flows from Financing Activities:    
Principal Payments of Debt (569,136) (459,952)
Proceeds from Stock and Warrant Issuance 97,500
Net Cash Used in Financing Activities (569,136) (362,452)
Net Change in Cash (5,180,569) 1,741,738
Cash - Beginning of Period 11,944,442 3,611,871
Cash - End of Period 6,763,873 5,353,609
Supplemental Cash Flow Information:    
Cash Paid for Interest $ 136,761 $ 104,981