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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net Income (Loss) $ 9,157,707 $ (6,269,142)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities:    
Stock Compensation and Issuances 863,187 406,250
Amortization of Right of Use Assets 90,607 6,428
Depreciation, Depletion and Amortization 890,245 745,873
Accretion of Asset Retirement Obligation 666,488 554,620
Settlement of Asset Retirement Obligations (160,958)
Amortization of Loan Issue Costs 14,587
Right to Buy Issuance Costs 989,115
Unrealized Loss on Embedded Conversion Option 596,284
Amortization of Discount on Convertible Notes 2,579,915
Forgiveness of Payroll Protection Plan Loan (160,700)
Change in Operating Assets and Liabilities:    
Accounts Receivable (1,113,084) (2,348,605)
Unrealized (Gain) Loss on Derivatives (24,665) 181,725
Inventory, Oil in Tanks (154,709) (840,819)
Prepaids, Current 139,596 90,056
Other Assets 4,735 (206,907)
Accounts Payable (1,004,576) 425,567
Accrued Expenses 1,689,515 724,402
Net Cash Provided By (Used In) Operating Activities 11,044,088 (2,511,351)
Cash Flows from Investing Activities:    
Acquisition of Oil and Natural Gas Properties (2,205,000) (17,869,779)
Additions to Oil and Natural Gas Properties (1,226,876)
Purchase of Other Fixed Assets (118,608) (83,811)
Cash Paid for Right of Use Assets (91,235)
Sinking Fund Deposit (640,000) (3,850,000)
Investment in Related Party (1,250,000)
Net Cash Used In Investing Activities (4,281,719) (23,053,590)
Cash Flows from Financing Activities:    
Proceeds from Debt Issued 19,599,850
Principal Payments of Debt (922,388) (3,647,286)
Proceeds from Stock and Warrant Issuance 10,471,559
Proceeds from Option and Warrant Exercise 2,984,683
Net Cash Provided By Financing Activities 2,062,295 26,424,123
Net Change in Cash 8,824,664 859,182
Cash - Beginning of Period 3,611,871 157,695
Cash - End of Period 12,436,535 1,016,877
Supplemental Cash Flow Information:    
Cash Paid for Interest 180,404 469,638
Non-Cash Investing and Financing Activities:    
Non-Cash Additions to Asset Retirement Obligations 233,659 6,117,709
Note Payable Activity - PIE Agreement (see Note 5) 519,749 147,686
Right-of-use assets purchased with lease liability 64,851
Purchases of Oil and Natural Gas Properties and Deposits in Notes Payable,   Royalty Suspense, and Contingent Payable to Seller 290,325
Equipment Purchased Utilizing Note Payable 199,226
Unsecured Convertible Note Conversion 1,500,000
Shares and Warrants Issued for Secured Convertible Note 4,594,500
Forgiveness of PPP Loan $ 160,700