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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:    
Net Income (Loss) $ (4,924,500) $ 9,157,707
Adjustments to Reconcile Net Income (Loss) to Net Cash    
Stock-Based Compensation 2,130,445 863,187
Amortization of Right of Use Assets 163,785 90,607
Depreciation, Depletion and Amortization 1,333,531 890,245
Accretion of Asset Retirement Obligation 806,636 666,488
(Gain) Loss on Derivatives 133,480 136,214
Settlement on or Purchases of Derivative Instruments (41,187) (160,891)
Change in Operating Assets and Liabilities:    
Accounts Receivable (2,039,189) (1,113,084)
Inventory, Oil in Tanks (265,802) (154,709)
Prepaids, Current 708,549 139,596
Other Long-Term Assets and Liabilities (650,134) (156,211)
Accounts Payable (1,697,939) (1,004,576)
Accrued Expenses (3,642,305) 1,689,515
Net Cash Provided By (Used In) Operating Activities (7,984,630) 11,044,088
Cash Flows From Investing Activities:    
Acquistion of Oil and Natural Gas Properties 0 (2,205,000)
Deposit for Acquistion of Oil and Natural Gas Properties (670,000) 0
Additions to Oil and Natural Gas Properties (3,127,847) (1,226,876)
Purchase of Other Fixed Assets (153,036) (118,608)
Cash Paid for Right of Use Assets (204,105) (91,235)
Sinking Fund Deposit 2,779,000 (640,000)
Net Cash Provided By (Used In) Investing Activities (1,375,988) (4,281,719)
Cash Flows From Financing Activities:    
Principal Payments of Debt (1,288,974) (922,388)
Proceeds from Option and Warrant Exercise 0 2,984,683
Net Cash Provided By (Used In) Financing Activities (1,288,974) 2,062,295
Net Change in Cash (10,649,592) 8,824,664
Cash - Beginning of Period 11,944,442 3,611,871
Cash - End of Period 1,294,850 12,436,535
Supplemental Cash Flow Information:    
Cash Paid for Interest $ 272,471 $ 180,404