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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 5,697,871 $ (203,270)
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 443,908 1,043,892
Accretion expense 212,410 243,468
Unrealized (gain) loss on investments 87,396 (403)
Gain on disposal of property and equipment (906,026) (1,067,994)
Forgiveness of loan (326,932) 0
Deferred income taxes (110,700) (17,800)
Changes in assets and liabilities:    
Production accounts receivable (1,031,307) 393,215
Other current assets 28,855 (71,800)
Other assets 3,964 (239)
Accounts payable (264,984) (31,422)
Accrued expenses (39,027) (130,709)
Operational advances 202,581 189,414
Total adjustments (1,699,862) 549,622
Net cash provided by operating activities 3,998,009 346,352
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (2,096,881) (264,669)
Purchase of property and equipment (142,154) (117,890)
Proceeds from disposal of property and equipment 434,708 104,269
Settlement of disposal of property and equipment 0 (468,934)
Net cash used in investing activities (1,804,327) (747,224)
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 2,154,998 (1,507,850)
CASH AND EQUIVALENTS AT BEGINNING OF YEAR 10,249,207 11,757,057
CASH AND EQUIVALENTS AT END OF YEAR $ 12,404,205 $ 10,249,207