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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 422,114 $ 1,110,540
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 291,300 70,354
Accretion expense 308,300 51,800
Unrealized loss on investments 225 115,950
Changes in assets and liabilities:    
Production accounts receivable 950,335 184,408
Other current assets (1,600) (1,100)
Other assets 0 6,366
Accounts payable 182,728 44,892
Accrued expenses (535,113) (534,154)
Operational advances 18,420 27,101
Total adjustments 1,214,595 (34,383)
Net cash provided by operating activities 1,636,709 1,076,157
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (239,191) (1,022,485)
Purchase of property and equipment 0 (11,768)
Net cash used in investing activities (239,191) (1,034,253)
NET CHANGE IN CASH AND EQUIVALENTS 1,397,518 41,904
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 13,159,037 12,404,205
CASH AND EQUIVALENTS - END OF PERIOD $ 14,556,555 $ 12,446,109