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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (54,186) $ 14,420
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 8,125 3,442
Depreciation, depletion and amortization 210,238 216,075
Accretion of asset retirement obligations 6,747 3,635
Amortization of debt issuance costs 3,593
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable (21,936) 207,144
Decrease in prepaid expenses 15,387 9,895
Decrease in other assets 30,421
Decrease in right-of-use asset 16,314
Decrease in accounts payable and accrued expenses (10,148) (299,061)
Settlement of asset retirement obligations (2,558) (1,049)
Decrease in operating lease liability (16,041)
Net cash provided by operating activities 185,956 154,501
Cash flows from investing activities:    
Additions to oil and gas properties (314,945) (29,042)
Investment – cost basis (75,000)
Proceeds from sale of oil and gas properties and equipment 1,098 17,023
Net cash used in investing activities (388,847) (12,019)
Cash flows from financing activities:    
Reduction of long-term debt (200,000)
Proceeds from long-term debt 225,000
Net cash provided by (used in) financing activities 225,000 (200,000)
Net increase (decrease) in cash and cash equivalents 22,109 (57,518)
Cash and cash equivalents at beginning of period 128,252 492,610
Cash and cash equivalents at end of period 150,361 435,092
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,063 7,964
Non-cash investing and financing activities:    
Asset retirement obligations 2,363 1,743
Operating lease - right of use asset and associated liabilities $ 141,385