XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Provided by/(Applied to) Operating Activities:    
Lease Bonuses and Other $ 289,314 $ 9,804
Interest Received 62,223 3,274
Dividends Received on Equity Securities 304,049 360,407
Cash Distributions from Equity Method Investees 41,580 24,750
Income Tax Refunds, Net of Income Taxes Paid 226,158  
Cash Received from Class Action Lawsuits 377 16,713
Other 5,030 11,537
Cash Paid –    
Production and Exploration Costs (3,804,075) (2,557,012)
General Suppliers, Employees and Taxes, Other than Income Taxes (2,961,853) (2,333,939)
Income Taxes Paid, Net of Income Tax Refunds   (94,375)
Interest Paid (29,873) (23,184)
Net Cash Provided by Operating Activities 8,850,077 3,777,163
Cash Provided by/(Applied to) Investing Activities:    
Maturity of Available-for-Sale Debt Securities   1,515,234
Purchase of Available-for-Sale Debt Securities (4,208,648)  
Proceeds from Disposal of Property, Plant and Equipment 533,699 22,000
Purchase of Property, Plant and Equipment (10,266,573) (2,932,919)
Purchase of Equity Method and Other Investments (1,473,097) (1,639,940)
Cash Distributions from Other Investments 108,019 226,775
Notes Receivable   (168,711)
Sale of Equity Securities 9,148,302 12,347,481
Purchase of Equity Securities (3,944,143) (18,367,234)
Net Cash Applied to Investing Activities (10,102,441) (8,997,314)
Cash Provided by/(Applied to) Financing Activities:    
Payments of Note Payable (66,332)  
Capital Contributions from Non-Controlling Interests 52,416  
Dividends Paid to Stockholders (1,561,573) (782,892)
Purchase of Treasury Stock (2,080) (54,885)
Total Cash Applied to Financing Activities (1,577,569) (837,777)
Net Change in Cash and Cash Equivalents (2,829,933) (6,057,928)
Cash and Cash Equivalents at Beginning of Year 10,129,157 16,187,085
Cash and Cash Equivalents at End of Year 7,299,224 10,129,157
Reconciliation of Net Income to Net Cash Provided by Operating Activities:    
Net Income 3,973,120 1,251,295
Net Income Increased (Decreased) by Net Change in –    
Net Unrealized Holding (Gains)/Losses on Equity Securities 1,284,771 (396,773)
Realized (Gains)/Losses on Equity Securities 350,469 (176,858)
Accounts Receivable (933,501) (358,242)
Interest and Dividends Receivable (21,718) (20,725)
Refundable Income Taxes 230,697 (132,723)
Accounts Payable 219,486 14,055
Deferred Taxes 1,068,275 (17,307)
Equity Method and Other Investments (13,274) (104,940)
Cash Distributions from Equity Method Investees 41,580 24,750
Exploration Costs 328,374 590,669
Disposition of Property, Plant and Equipment (248,266) (20,130)
Depreciation, Depletion, Amortization and Valuation Provisions 2,802,006 2,726,938
Deferred Revenue (186,274) 261,274
Other (109,959) 107,895
Net Cash Provided by Operating Activities 8,850,077 3,777,163
TWS [Member]    
Net Income Increased (Decreased) by Net Change in –    
Depreciation, Depletion, Amortization and Valuation Provisions 64,291 27,985
Oil and Gas [Member]    
Cash Provided by/(Applied to) Operating Activities:    
Revenue 13,928,206 8,055,832
Service [Member]    
Cash Provided by/(Applied to) Operating Activities:    
Revenue $ 788,941 $ 303,356