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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,440,963 $ 2,075,625
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 715,399 1,026,172
Accretion expense 313,641 355,127
Gain on disposal of property and equipment (644,898) (80,368)
Gain on sale of other assets (15,164) (175,612)
Deferred income taxes 3,000 (36,300)
Changes in assets and liabilities:    
Production accounts receivable (472,145) (171,212)
Other current assets (47,831) 25,606
Other assets 824 (13,740)
Accounts payable (88,157) 254,601
Accrued expenses 12,903 (124,549)
Operational advances 621,708 460,342
Total adjustments 399,280 1,520,067
Net cash provided by operating activities 4,840,243 3,595,692
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (3,856,358) (3,127,170)
Payments received on notes receivables from employees 46,870 52,203
Advances disbursed to employees (3,700) (11,900)
Purchase of property and equipment (405,623) (221,108)
Proceeds from disposal of property and equipment 40,381 128,281
Proceeds from sale of other assets 25,539 242,862
Net cash used in investing activities (4,152,891) (2,936,832)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of Units (7,509)
Proceeds from options exercised 3,300
Net cash used in financing activities (4,209)
NET CHANGE IN CASH AND EQUIVALENTS 683,143 658,860
CASH AND EQUIVALENTS AT BEGINNING OF YEAR 11,883,725 11,224,865
CASH AND EQUIVALENTS AT END OF YEAR 12,566,868 11,883,725
Supplemental disclosures of cash flow information:    
Cash paid during the year for income taxes $ 3,650 $ 5,499