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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,357,201 $ 3,445,538
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 432,134 458,878
Accretion expense 214,900 246,500
Gain on disposal of property and equipment (37,700) (635,165)
Gain on sale of other assets (8,960)
Changes in assets and liabilities:    
Production accounts receivable 615,805 100,003
Other current assets 56,531 16,575
Other assets (1,232) 700
Accounts payable 282,579 (101,028)
Accrued expenses (350,536) (288,794)
Operational advances 302,266 508,330
Total adjustments 1,514,747 297,039
Net cash provided by operating activities 3,871,948 3,742,577
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (2,940,369) (3,762,150)
Payments received on receivables from employees 46,407
Proceeds from disposal of property and equipment 34,000 37,500
Proceeds from sale of other assets 8,960
Purchase of property and equipment (113,457)
Net cash used in investing activities (3,019,826) (3,669,283)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions (1,684,936)
Repurchase of Units (129,582) (7,509)
Proceeds from options exercised 45,000 3,300
Net cash used in financing activities (1,769,518) (4,209)
NET CHANGE IN CASH AND EQUIVALENTS (917,396) 69,085
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 12,566,868 11,883,725
CASH AND EQUIVALENTS - END OF PERIOD 11,649,472 11,952,810
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 11,135 $ 3,600