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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,355,677 $ 4,440,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 677,256 715,399
Accretion expense 273,023 313,641
Gain on disposal of property and equipment (27,775) (644,898)
Gain on sale of other assets (15,164)
Deferred income taxes 5,000 3,000
Changes in assets and liabilities:    
Production accounts receivable 453,035 (472,145)
Other current assets 56,531 (47,831)
Other assets (5,828) 824
Accounts payable 266,705 (88,157)
Accrued expenses (93,262) 12,903
Operational advances 328,053 621,708
Total adjustments 1,932,738 399,280
Net cash provided by operating activities 4,288,415 4,840,243
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (3,043,444) (3,856,358)
Payments received on notes receivables from employees 46,870
Advances disbursed to employees (3,700)
Purchase of property and equipment (323,903) (405,623)
Proceeds from disposal of property and equipment 38,639 40,381
Proceeds from sale of other assets 25,539
Net cash used in investing activities (3,328,708) (4,152,891)
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 (809,811) 683,143
CASH AND EQUIVALENTS AT BEGINNING OF YEAR 12,566,868 11,883,725
CASH AND EQUIVALENTS AT END OF YEAR 11,757,057 12,566,868
Supplemental disclosures of cash flow information:    
Cash paid during the year for income taxes $ 40,215 $ 3,650