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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net income $ 1,762 $ 1,339
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 2,581 1,886
Amortization of right-of-use asset 26 24
Share-based compensation expense 518 563
Changes in operating assets and liabilities:    
Accounts receivable - oil and gas (3,358) (2,188)
Prepaid expenses and other current assets 100 109
Accounts payable 35 (94)
Accrued expenses 136 (243)
Revenue payable (18) 19
Net cash provided by operating activities 1,782 1,415
Cash Flows From Investing Activities:    
Cash paid for drilling and completion costs (17,032) (5,508)
Cash paid for vehicle (41) 0
Net cash used investing activities (17,073) (5,808)
Net decrease in cash, cash equivalents and restricted cash (15,291) (4,093)
Cash, cash equivalents and restricted cash at beginning of period 32,977 29,227
Cash, cash equivalents and restricted cash at end of period 17,686 25,134
Supplemental Disclosure of Cash Flow Information    
Interest 0 0
Income taxes 0 0
Noncash investing and financing activities:    
Change in accrued oil and gas development costs 10,534 173
Changes in estimates of asset retirement costs, net 6 45
Issuance of restricted common stock $ 1 $ 1