XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash from Operating Activities:    
Oil and Gas Sales $ 7,790,371 $ 6,029,703
Lease Bonuses and Other 562,184 184,282
Sale of Equity Securities 1,514,362 3,483,394
Interest Received 315,146 119,265
Agricultural Rentals and Other 6,008 9,140
Dividends Received on Equity Securities 2,902 2,597
Cash Distributions from Equity Method Investments 24,750 49,500
Income Tax Refunds, Net of Income Taxes Paid 214,784 199,439
Cash Paid –    
Production Costs (2,391,711) (2,195,844)
General Suppliers, Employees and Taxes, Other than Income Taxes (1,674,759) (1,623,453)
Purchase of Equity Securities (1,517,352) (3,486,002)
Farm Expense and Other (585) (569)
Net Cash Provided by Operating Activities 4,846,100 2,771,452
Cash Provided by/(Applied to) Investing Activities:    
Maturity of Available-for-Sale Debt Securities 32,786,554 29,841,639
Purchase of Available-for-Sale Debt Securities (32,664,425) (32,769,546)
Proceeds from Disposal of Property, Plant and Equipment 587,408 150,948
Purchase of Property, Plant and Equipment (2,788,038) (2,688,759)
Cash Distributions from Other Investments 16,500 445,000
Purchase of Other Investments (55,949) (6,444)
Notes Receivable (43,158) (175,000)
Net Cash Applied to Investing Activities (2,161,108) (5,202,162)
Cash Applied to Financing Activities:    
Dividends Paid to Stockholders (959,499) (837,505)
Purchase of Treasury Stock (64,804) (35,829)
Total Cash Applied to Financing Activities (1,024,303) (873,334)
Net Change in Cash and Cash Equivalents 1,660,689 (3,304,044)
Cash and Cash Equivalents at Beginning of Year 4,767,810 8,071,854
Cash and Cash Equivalents at End of Year 6,428,499 4,767,810
Reconciliation of Net Income to Net Cash Provided by Operating Activities:    
Net Income 2,313,692 685,687
Net Income Increased (Decreased) by Net Change in –    
Net Unrealized Holding (Gains)/Losses on Equity Securities 181,818 (48,738)
Accounts Receivable 25,057 (95,259)
Interest and Dividends Receivable (33,469) (11,233)
Refundable Income Taxes 310,443 209,968
Accounts Payable 4,692 (13,034)
Equity Securities (75,940) (37,491)
Deferred Taxes 292,221 (593,111)
Other Liabilities (12,030) 46,228
(Income)/Loss from Equity Method and Other Investments 67,984 (383,024)
Cash Distributions from Equity Method Investments 24,750 49,500
Exploration Costs 205,671 838,145
Disposition of Property, Plant and Equipment (562,671) (9,524)
Depreciation, Depletion, Amortization and Valuation Provisions 2,103,882 2,133,338
Net Cash Provided by Operating Activities $ 4,846,100 $ 2,771,452