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Note 2 - Current Liabilities (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
  

2023

  

2022

 

Accounts Payable:

        

Production and related other

 $2,698,368  $2,507,707 

Other

  78,178   184,210 
         

Total accounts payable

 $2,776,546  $2,691,917 
         

Accrued Expenses:

        

Payroll and retirement plan contributions

 $746,841  $709,369 

Current portion of asset retirement obligations

  216,000   262,000 

Federal, state and local taxes

  36,083   47,600 

Other general and administrative

  12,800   35,450 
         

Total accrued expenses

 $1,011,724  $1,054,419