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Consolidated Statements of Cash Flows - Nickel Road Operating LLC [Member] - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ (14,437,821) $ 15,777,165
Adjustments to reconcile net income to net cash from operating activities    
Depreciation, depletion, and amortization 10,725,647 12,852,983
Amortization of debt issuance costs 46,385 74,949
Gain on sale of oil and gas properties (5,372,679) (6,261,551)
Impairment 29,719,123
Unrealized (gain) loss on derivative instruments 270,925 (317,924)
Change in operating assets and liabilities    
Accounts receivable 3,059,100 (1,559,293)
Prepaid expenses (171,121) 127,491
Accounts payables (1,624,386) 11,799,827
Accrued liabilities (2,824,417) 3,623,569
Net cash from operating activities 19,390,756 36,117,216
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of oil and gas properties (1,917,733) (30,112,374)
Proceeds from the sale of oil and gas properties 5,372,679 6,547,375
Net cash from (used in) investing activities 3,454,946 (23,564,999)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term and long-term debt 29,800,000 47,366,667
Repayment of short-term and long-term debt (50,383,333) (59,333,334)
Payments for debt issuance costs (678) (163,652)
Net cash used in financing activities (20,584,011) (12,130,319)
NET CHANGE IN CASH, CASH EQUIVALENTS 2,261,691 421,898
CASH, CASH EQUIVALENTS, beginning of period 336,115 3,476,039
CASH, CASH EQUIVALENTS, end of period 2,597,806 3,897,937
SUPPLEMENTAL CASH FLOW INFORMATION    
Right-of-use asset obtained in exchange for lease obligations 388,011
Cash paid for interest $ 1,061,428 $ 1,419,053