Note 2 - Current Liabilities

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 2. Current Liabilities

The Company’s current liabilities consist of the following at March 31, 2023 and December 31, 2022:

	March 31,		December 31,
	2023		2022
Accounts Payable:
Production and related other	$	2,679,893	$	2,507,707
Other		194,752		184,210
Total accounts payable	$	2,874,645	$	2,691,917
Accrued Expenses:
Current portion of asset retirement obligations	$	262,000	$	262,000
Payroll and retirement plan contributions		151,285		709,369
Other general and administrative		91,700		47,600
Federal, state and local taxes		14,321		35,450
Total accrued expenses	$	519,306	$	1,054,419