XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Operating revenues $ 2,935,441 $ 3,433,824
Lease Bonuses and Other 0 37,654
Water Well Drilling Services 164,200 275,534
Total Operating Revenues 3,099,641 3,747,012
Operating Costs and Expenses:    
Production 1,056,749 778,175
Exploration 374,348 (53,781)
Water Well Drilling Services 166,573 149,521
Depreciation, Depletion, Amortization and Valuation Provisions 952,887 335,046
Gain on Disposition of Oil and Gas Properties 0 (198,746)
General, Administrative and Other 595,435 534,167
Total Operating Costs and Expenses 3,145,992 1,544,382
Income/(Loss) from Operations (46,351) 2,202,630
Equity Income/(Loss) in Investees 31,656 (83,457)
Interest Expense (16,953) 0
Other Income/(Loss), Net 568,833 (65,106)
Income Before Income Taxes and Non-Controlling Interest 537,185 2,054,067
Income Tax Provision:    
Current 11,534 51,170
Total Income Tax Provision 133,447 368,588
Net Income 403,738 1,685,479
Less: Net Loss Attributable to Non-Controlling Interest (8,921) 0
Net Income Attributable to Common Stockholders $ 412,659 $ 1,685,479
Per Share Data:    
Net Income Attributable to Common Stockholders, Basic (in dollars per share) $ 2.64 $ 10.79
Weighted Average Shares Outstanding, Basic (in shares) 156,157 156,173
Grand Woods [Member]    
Income Tax Provision:    
Deferred $ 121,913 $ 317,418
Oil and Gas [Member]    
Operating Revenues:    
Operating revenues $ 2,935,441 $ 3,433,824