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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,587,622 $ 187,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 368,197 567,358
Accretion expense 166,500 190,900
Unrealized (gain) loss on investments 42,670 (20,638)
Gain on disposal of property and equipment (632,750) (1,036,890)
Forgiveness of loan (326,932) 0
Changes in assets and liabilities:    
Production accounts receivable (719,190) 662,003
Other current assets 28,855 (7,500)
Other assets 4,024 57
Accounts payable (360,153) (37,001)
Accrued expenses (334,709) (417,172)
Operational advances 185,372 45,909
Total adjustments (1,578,116) (52,974)
Net cash provided by operating activities 2,009,506 134,771
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (2,074,450) (226,248)
Purchase of property and equipment (127,485) (52,388)
Proceeds from disposal of property and equipment 416,012 74,397
Settlement of disposal of property and equipment 0 (468,934)
Net cash used in investing activities (1,785,923) (673,173)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan 0 326,932
Distributions 0 (1,390,016)
Repurchase of Units (49,484) (69,694)
Proceeds from options exercised 10,800 25,800
Net cash used in financing activities (38,684) (1,106,978)
NET CHANGE IN CASH AND EQUIVALENTS 184,899 (1,645,380)
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 10,249,207 11,757,057
CASH AND EQUIVALENTS - END OF PERIOD 10,434,106 10,111,677
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 526 $ 8,949