Note 2 - Current Liabilities

6 Months Ended

Jun. 30, 2024

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 on June 30, 2024 and December 31, 2023:

	June 30,		December 31,
	2024		2023
Accounts Payable:
Production and related other	$	2,708,541	$	2,698,368
Other		74,951		78,178
Total accounts payable	$	2,783,492	$	2,776,546
Accrued Expenses:
Payroll and retirement plan contributions	$	325,050	$	746,841
Repurchase of Units		207,270		-
Current portion of asset retirement obligations		65,000		216,000
Federal, state and local taxes		17,934		36,083
Other general and administrative		10,300		12,800
Total accrued expenses	$	625,554	$	1,011,724