XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net Loss $ (9,277) $ (8,364)
Adjustments to Reconcile Net Loss to Net Cash    
Stock-Based Compensation 1,017 1,302
Amortization of Right-of-Use Assets 241 271
Depreciation, Depletion & Amortization 4,802 4,167
Accretion of Asset Retirement Obligations 1,060 977
Loss on Commodity Derivatives 859
Settlement on or Purchases of Derivative Instruments (263)
Loss on Financial Derivatives (Note 8) 998
Amortization of Debt Discount on Convertible Notes 500
Gain on Extinguishment of Debt (17)
Gain on Sale of Oil and Natural Gas Properties (175)
Gain on Sale of Other Fixed Assets (32)
Change in Operating Assets and Liabilities:    
Accounts Receivable (2,012) (630)
Inventory, Oil in Tanks 1 (18)
Prepaids, Current 425 460
Accounts Payable 1,321 1,855
Accrued Expenses 1,054 1,030
Other Long-Term Assets and Liabilities 50 (1,021)
Net Cash (Used In) Provided By Operating Activities (1,525) 2,106
Cash Flows From Investing Activities:    
Disposal of Oil and Natural Gas Properties 175
Capital Expenditures - Oil and Natural Gas Properties (1) [1] (3,171) (30,143)
Disposal of Other Fixed Assets 49
Purchase of Other Fixed Assets (41) (120)
Cash Paid for Right-of-Use Assets (224) (251)
Net Cash Used In Investing Activities (3,212) (30,514)
Cash Flows From Financing Activities:    
Borrowings on Credit Facility 3,000 3,950
Proceeds from Promissory Note - Related Party (Note 8) 2,000 5,000
Proceeds from Rights Offering, net of transaction costs (Note 10) 20,512
Principal Payments of Debt (221) (218)
Net Proceeds from Warrant Exercise (Note 10) 629
Net Cash Provided By Financing Activities 4,779 29,873
Net Change in Cash 42 1,465
Cash - Beginning of Period 2,251 7,793
Cash - End of Period 2,293 9,258
Supplemental Cash Flow Information:    
Cash Paid for Interest $ 592 $ 437
[1] Incurred capital expenditures were approximately $3.3 million and $25.5 million for the respective periods. The differences between incurred and cash capital expenditures is due to changes in related accounts payable.