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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,855,254 $ 226,559
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 208,198 256,643
Accretion expense 514,700 599,900
Unrealized loss on investments (58,211) 27,051
Gain on disposal of property and equipment (99,281) (80,318)
Changes in assets and liabilities:    
Production accounts receivable (8,362) 384,833
Other current assets 8,096 0
Other assets (7,773) (4,778)
Accounts payable 176,065 6,946
Accrued expenses (499,437) (633,050)
Operational advances 161,166 118,519
Total adjustments 395,161 675,746
Net cash provided by operating activities 2,250,415 902,305
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (1,853,151) (712,961)
Purchase of property and equipment (135,896) 0
Proceeds from disposal of property and equipment 41,943 69,293
Net cash used in investing activities (1,947,104) (643,668)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions 0 (962,757)
Proceeds from options exercised 31,778 43,800
Net cash provided by (used in) financing activities 31,778 (918,957)
NET CHANGE IN CASH AND EQUIVALENTS 335,089 (660,320)
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 9,219,826 9,586,524
CASH AND EQUIVALENTS - END OF PERIOD $ 9,554,915 $ 8,926,204