Note 2 - Current Liabilities

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 2. Current Liabilities

The Company's accounts payable and accrued expenses consist of the following at December 31:

	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