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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities:        
Net income (loss) $ 3,768,000 $ (177,000) $ 3,833,000 $ (77,000)
Adjustments to reconcile net income (loss) to net cash from operating activities:        
Depreciation, amortization, and other 1,523,000 1,252,000 2,857,000 2,609,000
Loss on write down of impaired assets and associated removal costs, net 188,000 578,000 188,000 578,000
Accretion of debt issuance costs 20,000 19,000 58,000 37,000
Bargain purchase gain RI Acquisition, net of deferred income taxes (3,679,000) 0 (3,679,000) 0
Non cash lease expense     35,000 171,000
Deferred income taxes     183,000 0
Stock-based compensation expense     197,000 193,000
Changes in operating assets and liabilities:        
Receivables     (3,831,000) (1,187,000)
Prepaid expenses and other assets     977,000 1,230,000
Asset retirement obligations, related party     0 578,000
Related party liabilities     (1,877,000) 656,000
Accounts payable, accrued liabilities, and deferred revenue     1,744,000 627,000
Income taxes payable     (1,229,000) 0
Lease liabilities     (35,000) (201,000)
Net cash (used in) provided by operating activities     (579,000) 5,214,000
Investing activities:        
Payment for RI Acquisition, net of cash received     363,000 0
Payment for purchases of property and equipment     (2,399,000) (2,561,000)
Net cash used in investing activities     (2,036,000) (2,561,000)
Financing activities:        
Principal payments on long-term debt     (703,000) (1,160,000)
Payments on line of credit     (4,950,000) 0
Advances on line of credit     6,400,000 0
Long-term debt financing     2,700,000 0
Principal payments on short-term financing     0 (152,000)
Capital contribution non-controlling interests     38,000 0
Distributions to non-controlling interests     (95,000) 0
Debt issuance costs long-term debt     (97,000) 0
Net cash provided by (used in) financing activities     3,293,000 (1,312,000)
Net change in cash, cash equivalents, and restricted cash     678,000 1,341,000
Cash, cash equivalents, and restricted cash at beginning of period     13,808,000 12,453,000
Cash, cash equivalents, and restricted cash at end of period 14,486,000 13,794,000 14,486,000 13,794,000
Supplemental cash flow disclosure        
Interest     676,000 507,000
Income taxes     1,339,000 229,000
Schedule of noncash investing and financing activities        
Equipment included in accounts payable and accrued liabilities     524,000 0
Non-controlling interest RI Acquisition 2,100,000   2,100,000 0
Changes to asset removal obligations, net     688,000 0
Detail of cash, cash equivalents and restricted cash at end of period        
Cash and cash equivalents 14,236,000 13,676,000 14,236,000 13,676,000
Restricted cash 250,000 118,000 250,000 118,000
Cash, cash equivalents, and restricted cash at end of period $ 14,486,000 $ 13,794,000 $ 14,486,000 $ 13,794,000