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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (299,670) $ (54,186)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 14,005 8,125
Depreciation, depletion and amortization 224,105 210,238
Accretion of asset retirement obligations 7,187 6,747
Amortization of debt issuance costs 3,131 3,593
Change in fair value of derivative instruments (550)
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 77,768 (21,936)
Decrease in prepaid expenses 11,032 15,387
Increase in prepaid asset - option contract (11,400)
Decrease in other assets 30,421
Decrease in right-of-use asset 6,891 16,314
Increase (decrease) in accounts payable and accrued expenses 40,178 (10,148)
Settlement of asset retirement obligations (76) (2,558)
Decrease in operating lease liability (6,129) (16,041)
Net cash provided by operating activities 66,472 185,956
Cash flows from investing activities:    
Additions to oil and gas properties (257,281) (314,945)
Additions to other property and equipment (1,395)
Investment - cost basis (75,000)
Proceeds from sale of oil and gas properties and equipment 6,786 1,098
Net cash used in investing activities (251,890) (388,847)
Cash flows from financing activities:    
Reduction of long-term debt (100,000)
Proceeds from long-term debt 303,574 225,000
Net cash provided by financing activities 203,574 225,000
Net increase in cash and cash equivalents 18,156 22,109
Cash and cash equivalents at beginning of period 34,381 128,252
Cash and cash equivalents at end of period 52,537 150,361
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,865 4,063
Non-cash investing and financing activities:    
Asset retirement obligations 5,748 2,363
Operating lease - right of use asset and associated liabilities $ 9,360 $ 141,385