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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net (loss) income $ (1,536) $ 3,454
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 7,203 7,727
Impairment of oil and gas properties 742 0
Note receivable - credit loss 1,378 0
Amortization of right-of-use asset 75 55
Share-based compensation expense 949 937
Disposition of escrow cash account 0 (50)
Deferred income taxes (414) 0
Gain on sale of oil and gas properties, net (1,021) 0
Gain on disposal of fixed asset 0 (12)
Changes in operating assets and liabilities:    
Accounts receivable - oil and gas (672) (2,837)
Note receivable accrued interest (41) (53)
Prepaid expenses and other current assets 349 125
Accounts payable (2,224) (359)
Accrued expenses (481) (6,613)
Revenue payable 1,201 (2,079)
Net cash provided by operating activities 5,508 295
Cash Flows From Investing Activities:    
Cash paid for drilling and completion costs (3,675) (12,290)
Cash received for sale of oil and gas properties 2,635 0
Cash received for sale of vehicle 0 12
Cash paid for vehicle 0 (55)
Net cash used in investing activities (1,040) (12,333)
Cash Flows From Financing Activities:    
Proceeds from issuance of shares, net of offering costs 139 0
Net cash provided by investing activities 139 0
Net increase (decrease) in cash and restricted cash 4,607 (12,038)
Cash and restricted cash at beginning of period 6,607 20,715
Cash and restricted cash at end of period 11,214 8,677
Noncash investing and financing activities:    
Change in accrued oil and gas development costs (4,780) 5,067
Changes in estimates of asset retirement costs, net 119 145
Issuance of restricted common stock $ 3 $ 2