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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (1,247) $ (3,384)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion, accretion, and amortization 2,417 1,886
Deferred income taxes (62) (2,689)
Unrealized (gain) loss on commodity derivatives (1,325) 5,193
Gain on marketable equity securities (81)
Amortization of debt issuance costs 12 10
Stock-based compensation 727 1,500
Right of use asset amortization 55 24
Changes in operating assets and liabilities:    
Oil and natural gas sales receivable 1,145 (3,337)
Other assets 52 (212)
Accounts payable and accrued liabilities (715) 2,594
Accrued compensation and benefits (754) (990)
Payments on operating lease liability (58) (27)
Payments for asset retirement obligations (11)
Net cash provided by operating activities 236 487
Cash flows from investing activities:    
Acquisition of properties (783)
Oil and natural gas capital expenditures (1,106) (855)
Expenditures for cash calls (1,456)
Property and equipment expenditures (261) (159)
Net cash used in investing activities (1,367) (3,253)
Cash flows from financing activities:    
Borrowings on credit facility 4,000
Repayment of debt (3,847)
Payment of fees for credit facility (172)
Repayments of insurance premium finance note payable (112) (78)
Exercise of warrant 195
Shares withheld to settle tax withholding obligations for restricted stock awards (151) (307)
Dividends paid (596)
Net cash used in financing activities (859) (209)
Net decrease in cash and equivalents (1,990) (2,975)
Cash and equivalents, beginning of period 4,411 4,422
Cash and equivalents, end of period $ 2,421 $ 1,447