Equus Energy, LLC (Tables)

3 Months Ended

Mar. 31, 2022

Equus Energy, LLC

Schedule Of Unaudited Condensed Consolidated Balance Sheets

	March 31			December 31
	2022			2021
Assets
Current assets:
Cash and cash equivalents	$	510		$	640
Accounts receivable		388			215
Total current assets		898			855
Oil and gas properties		8,097			8,097
Less: accumulated depletion, depreciation and amortization		(8,093	)		(8,093	)
Net oil and gas properties		4			4
Total assets	$	902		$	859
Liabilities and member's deficit
Current liabilities:
Accounts payable and other	$	150		$	103
Due to affiliate		350			350
Total current liabilities		500			453
Asset retirement obligations		215			214
Total liabilities		715			667
Total member's equity		187			192
Total liabilities and member's equity	$	902		$	859

Schedule Of Unaudited Condensed Consolidated Statements of Operations

	Three months ended March 31,
	2022			2021
Operating revenue	$	327		$	210
Operating expenses
Direct operating expenses		117			192
General and administrative		214			75
Depletion, depreciation, amortization and accretion		1			1
Impairment of oil and gas properties		—			31
Total operating expenses		332			299
Net loss		(5	)		(89	)

Schedule Of Unaudited Condensed Consolidated Statements of Cash Flows

	Three months ended March 31,
	2022			2021
Cash flows from operating activities:
Net loss	$	(5	)	$	(89	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depletion, depreciation and amortization		1			1
Accretion expense		—			1
Impairment		—			31
Changes in operating assets and liabilities:
Accounts receivable		(173	)		(40	)
Accounts payable and other		47			(26	)
Net cash used in operating activities		(130	)		(122	)
Cash flows from investing activities:
Investment in oil & gas properties		—			(32	)
Net cash (used in) provided by investing activities		—			(32	)
Net decrease in cash		(130	)		(154	)
Cash and cash equivalents at beginning of period		640			621
Cash and cash equivalents at end of period	$	510		$	467