Cash Flow Information

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Elements [Abstract]

Cash Flow Information

8. CASH FLOW INFORMATION

The Company does not consider any of its assets, other than cash and certificates of deposit shown as cash on the balance sheet, to meet the definition of a cash equivalent.

Net cash provided by operating activities includes cash payments for the following:

	2019		2018		2017
Income taxes	$	60,000	$	200,000	$	130,000

Excluded from the Consolidated Statements of Cash Flows were the effects of certain non-cash investing and financing activities, as follows:
		2019			2018			2017
Addition (Reduction) of oil & gas
properties by recognitions of
asset retirement obligation	$	(36,000	)	$	(45,000	)	$	251,184
	$	(36,000	)	$	(45,000	)	$	251,184
Proceeds from sales of oil and gas properties	$	1,168,000		$	965,000		$	4,767,000
Less:
Capital acquisition under IRC Section 1031		—			(21,000	)		(3,228,000	)
Qualified Intermediary accounts receivable		(250,000	)		579,000			(579,000	)
Negotiated settlements		—			—			(26,000	)
	$	918,000		$	1,523,000		$	934,000