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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 978,145us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,648,487us-gaap_CashAndCashEquivalentsAtCarryingValue
Certificates of deposit 30,815us-gaap_CertificatesOfDepositAtCarryingValue 44,721us-gaap_CertificatesOfDepositAtCarryingValue
Accounts receivable:    
Oil and natural gas sales 589,643fpp_OilAndNaturalGasSalesReceivable 1,078,333fpp_OilAndNaturalGasSalesReceivable
Joint interest billings, less allowance for doubtful accounts of approximately $174,000 each period 309,417fpp_JointInterestBillingsReceivable 226,743fpp_JointInterestBillingsReceivable
Income taxes receivable 350,486us-gaap_PrepaidTaxes 319,097us-gaap_PrepaidTaxes
Deferred income tax asset-current 98,000us-gaap_DeferredTaxAssetsNetCurrent 64,000us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 74,032us-gaap_PrepaidExpenseAndOtherAssetsCurrent 64,751us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 2,430,538us-gaap_AssetsCurrent 4,446,132us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT:    
Oil and natural gas properties (successful efforts method) 40,873,612us-gaap_OilAndGasPropertySuccessfulEffortMethodGross 35,256,754us-gaap_OilAndGasPropertySuccessfulEffortMethodGross
Other equipment 108,460us-gaap_PropertyPlantAndEquipmentOther 62,836us-gaap_PropertyPlantAndEquipmentOther
Less accumulated depletion, depreciation and impairment (20,514,981)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (14,802,894)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property and equipment 20,467,091us-gaap_PropertyPlantAndEquipmentNet 20,516,696us-gaap_PropertyPlantAndEquipmentNet
Total assets 22,897,629us-gaap_Assets 24,962,828us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 546,731us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 742,493us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Oil and natural gas revenues payable 315,954us-gaap_OilAndGasSalesPayableCurrent 240,588us-gaap_OilAndGasSalesPayableCurrent
Unrealized loss on commodity derivatives 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral 4,000us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
Total current liabilities 862,685us-gaap_LiabilitiesCurrent 987,081us-gaap_LiabilitiesCurrent
LINE OF CREDIT 7,240,000us-gaap_LongTermDebtNoncurrent 6,740,000us-gaap_LongTermDebtNoncurrent
DEFERRED INCOME TAXES 2,064,000us-gaap_DeferredTaxLiabilitiesNoncurrent 2,973,000us-gaap_DeferredTaxLiabilitiesNoncurrent
ASSET RETIREMENT OBLIGATION 1,763,043us-gaap_AssetRetirementObligationsNoncurrent 1,712,685us-gaap_AssetRetirementObligationsNoncurrent
Total liabilities 11,929,728us-gaap_Liabilities 12,412,766us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Notes 9 and 10)      
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value, 75,000,000 shares authorized; 9,052,385 and 8,993,336 shares issued, respectively; and 8,125,385 and 8,066,336 outstanding, respectively 90,523us-gaap_CommonStockValue 89,933us-gaap_CommonStockValue
Additional paid-in capital 12,116,487us-gaap_AdditionalPaidInCapitalCommonStock 11,751,298us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 727,783us-gaap_RetainedEarningsAccumulatedDeficit 2,675,723us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, 927,000 shares, each period, at cost (1,966,892)us-gaap_TreasuryStockValue (1,966,892)us-gaap_TreasuryStockValue
Total stockholders' equity 10,967,901us-gaap_StockholdersEquity 12,550,062us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 22,897,629us-gaap_LiabilitiesAndStockholdersEquity $ 24,962,828us-gaap_LiabilitiesAndStockholdersEquity