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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net income (loss) $ (2,247) $ (9,537) $ (8,788) $ (1,247) $ (13,758) $ (12,550)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Depreciation, depletion, accretion, and amortization         6,392 8,181  
Impairment of oil and natural gas properties 1,424   6,495   6,843 6,495  
Deferred income taxes         (14) (452)  
Total commodity derivatives (gains) losses, net         (537) (704)  
Commodity derivative settlements received (paid)         2,381 (642)  
(Gains) losses on marketable equity securities         57 (54)  
Impairment and loss on real estate held for sale         11 0  
Amortization of debt issuance costs         37 37  
Stock-based compensation         950 1,951  
Right of use asset amortization         123 135  
Changes in operating assets and liabilities:              
Oil and natural gas sales receivable         920 (292)  
Other assets         (174) 395  
Accounts payable and accrued liabilities         80 120  
Accrued compensation and benefits         (91) (294)  
Revenue and royalties payable         (88) 927  
Payments on operating lease liability         (136) (145)  
Payments of asset retirement obligations         (105) (131)  
Net cash provided by operating activities         2,891 2,977  
Cash flows from investing activities:              
Acquisition of helium properties         (2,368) 0  
Helium capital expenditures         (1,599) 0  
Capital expenditures         (1,158) (2,878)  
Property and equipment expenditures         (189) (487)  
Proceeds from sale of oil and natural gas properties, net         5,866 0  
Proceeds from sale of real estate assets         139 0  
Net cash provided by (used in) investing activities         691 (3,365)  
Cash flows from financing activities:              
Borrowings on credit facility         2,000 500  
Payments on credit facility         (7,000) (500)  
Payments on insurance premium finance note         (62) (465)  
Shares withheld to settle tax withholding obligations for restricted stock awards         (132) (151)  
Dividends paid         0 (1,192)  
Repurchases of common stock         (584) (241)  
Net cash provided by (used in) financing activities         (5,778) (2,049)  
Net (decrease) increase in cash and equivalents         (2,196) (2,437)  
Cash and equivalents, beginning of period   $ 3,351   $ 4,411 3,351 4,411 $ 4,411
Cash and equivalents, end of period $ 1,155   $ 1,974   $ 1,155 $ 1,974 $ 3,351