XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 4,601 $ 2,251
Accounts Receivable 8,331 8,155
Inventory 1,218 1,305
Prepaids 536 640
Total Current Assets 14,686 12,351
Property and Equipment:    
Oil and Natural Gas Properties, Successful Efforts 144,395 140,675
Less: Accumulated Depletion, Amortization and Impairment (39,237) (31,974)
Total Oil and gas properties, net 105,158 108,701
Other Property and Equipment, Net 1,697 1,391
Total Property and Equipment, Net 106,855 110,092
Other Noncurrent Assets 1,451 1,425
Total Assets 122,992 123,868
Current Liabilities:    
Accounts Payable 10,574 10,452
Accrued Expenses 12,003 10,348
Current Portion of Lease Liability 330 400
Current Portion of Long-Term Debt 407 70
Total Current Liabilities 23,314 21,270
Long-Term Debt 14,801 $ 11,266
Long-Term Note Payable - Related Party, net (Note 8) $ 752  
Notes Payable, Noncurrent, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Long-Term Lease Liability $ 61 $ 144
Derivative Instruments (Note 8) 745  
Asset Retirement Obligations 29,656 28,423
Total Liabilities 69,329 61,103
Commitments and Contingencies (Note 14)
Stockholders' Equity:    
Series A Preferred Stock - $0.001 Par Value, 10,000,000 Shares Authorized, 6 and 6 Shares Issued and Outstanding, Respectively
Common Stock - $0.001 Par Value 190,000,000 Shares Authorized, 34,266,208 and 33,667,132 Shares Issued and Outstanding, Respectively 94 93
Additional Paid-in-Capital 147,507 143,489
Accumulated Deficit (93,938) (80,817)
Total Stockholders' Equity 53,663 62,765
Total Liabilities and Stockholders' Equity $ 122,992 $ 123,868