2013 Q3 Form 10-Q Financial Statement
#000110465913082900 Filed on November 08, 2013
Income Statement
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
Revenue | $4.634M | $4.292M |
YoY Change | 7.97% | 10.47% |
Cost Of Revenue | $420.0K | $340.0K |
YoY Change | 23.53% | 54.55% |
Gross Profit | $4.220M | $3.950M |
YoY Change | 6.84% | 7.63% |
Gross Profit Margin | 91.07% | 92.04% |
Selling, General & Admin | $1.930M | $1.710M |
YoY Change | 12.87% | 21.28% |
% of Gross Profit | 45.73% | 43.29% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $309.7K | $296.9K |
YoY Change | 4.3% | 25.34% |
% of Gross Profit | 7.34% | 7.52% |
Operating Expenses | $2.670M | $2.361M |
YoY Change | 13.08% | 25.85% |
Operating Profit | $1.964M | $1.931M |
YoY Change | 1.73% | -3.9% |
Interest Expense | $16.51K | $16.43K |
YoY Change | 0.52% | 64.28% |
% of Operating Profit | 0.84% | 0.85% |
Other Income/Expense, Net | -$10.81K | |
YoY Change | ||
Pretax Income | $1.955M | $1.920M |
YoY Change | 1.84% | -4.78% |
Income Tax | $482.6K | $760.2K |
% Of Pretax Income | 24.69% | 39.6% |
Net Earnings | $1.472M | $1.160M |
YoY Change | 26.99% | 1.4% |
Net Earnings / Revenue | 31.78% | 27.02% |
Basic Earnings Per Share | $0.05 | $0.04 |
Diluted Earnings Per Share | $0.04 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 28.61M shares | 27.94M shares |
Diluted Shares Outstanding | 32.21M shares | 31.76M shares |
Balance Sheet
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $25.93M | $13.38M |
YoY Change | 93.8% | 12.82% |
Cash & Equivalents | $25.68M | $13.13M |
Short-Term Investments | $250.0K | $250.0K |
Other Short-Term Assets | $240.0K | $510.0K |
YoY Change | -52.94% | 2.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $1.620M | $1.620M |
Other Receivables | $310.0K | $190.00 |
Total Short-Term Assets | $28.09M | $15.63M |
YoY Change | 79.77% | 10.27% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $38.97M | $42.39M |
YoY Change | -8.08% | 26.02% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $243.4K | $269.8K |
YoY Change | -9.79% | 196.27% |
Total Long-Term Assets | $39.26M | $42.99M |
YoY Change | -8.68% | 27.46% |
TOTAL ASSETS | ||
Total Short-Term Assets | $28.09M | $15.63M |
Total Long-Term Assets | $39.26M | $42.99M |
Total Assets | $67.35M | $58.62M |
YoY Change | 14.9% | 22.37% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $279.6K | $438.2K |
YoY Change | -36.21% | -34.47% |
Accrued Expenses | $490.0K | $1.660M |
YoY Change | -70.48% | 514.81% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $2.206M | $2.780M |
YoY Change | -20.67% | 37.94% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $250.0K | $1.060M |
YoY Change | -76.42% | 12.77% |
Total Long-Term Liabilities | $250.0K | $1.060M |
YoY Change | -76.42% | 12.77% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.206M | $2.780M |
Total Long-Term Liabilities | $250.0K | $1.060M |
Total Liabilities | $10.95M | $10.65M |
YoY Change | 2.79% | 53.3% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $25.32M | |
YoY Change | ||
Common Stock | $28.60K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $882.0K | |
YoY Change | 0.0% | |
Treasury Stock Shares | 0.000 shares | 788.2K shares |
Shareholders Equity | $56.40M | $47.97M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $67.35M | $58.62M |
YoY Change | 14.9% | 22.37% |
Cashflow Statement
Concept | 2013 Q3 | 2012 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.472M | $1.160M |
YoY Change | 26.99% | 1.4% |
Depreciation, Depletion And Amortization | $309.7K | $296.9K |
YoY Change | 4.3% | 25.34% |
Cash From Operating Activities | $1.560M | $1.620M |
YoY Change | -3.7% | -16.06% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$590.0K | -$740.0K |
YoY Change | -20.27% | 335.29% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $1.913K | $14.68K |
YoY Change | -86.97% | 6.63% |
Cash From Investing Activities | -$530.0K | -$2.730M |
YoY Change | -80.59% | 457.14% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $117.2K | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -280.0K | -180.0K |
YoY Change | 55.56% | -103.04% |
NET CHANGE | ||
Cash From Operating Activities | 1.560M | 1.620M |
Cash From Investing Activities | -530.0K | -2.730M |
Cash From Financing Activities | -280.0K | -180.0K |
Net Change In Cash | 750.0K | -1.290M |
YoY Change | -158.14% | -117.5% |
FREE CASH FLOW | ||
Cash From Operating Activities | $1.560M | $1.620M |
Capital Expenditures | -$590.0K | -$740.0K |
Free Cash Flow | $2.150M | $2.360M |
YoY Change | -8.9% | 12.38% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q2 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
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CY2013Q3 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
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|
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CY2013Q2 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
|
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CY2013Q3 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
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CY2013Q2 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
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Oil And Gas Property Full Cost Method Gross
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|
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|
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Asset Retirement Obligation Liabilities Sold
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Operating Leases Future Minimum Payments Due
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Asset Retirement Obligation Liabilities Incurred
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|
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|
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Asset Retirement Obligation Liabilities Settled
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|
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Asset Retirement Obligation Accretion Expense
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|
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|
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|
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Certificates Of Deposit At Carrying Value
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|
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|
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|
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|
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|
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|
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2013-09-30 | |
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|
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Other Nonoperating Income Expense
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|
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|
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|
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|
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IncreaseDecreaseInAccruedTaxesPayable
|
161166 | USD |
CY2012Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1619781 | USD |
CY2012Q3 | epm |
Payment For Acquisition Of Oil And Gas Properties
PaymentForAcquisitionOfOilAndGasProperties
|
743720 | USD |
CY2012Q3 | epm |
Payment For Development Of Oil And Gas Properties
PaymentForDevelopmentOfOilAndGasProperties
|
1868892 | USD |
CY2012Q3 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
101790 | USD |
CY2012Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
14684 | USD |
CY2012Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2729086 | USD |
CY2013Q3 | epm |
Increase Decrease In Due To Affiliate Used To Acquire Oil And Natural Gas Lease Hold Interests And Develop Oil And Natural Gas Properties
IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties
|
-5146 | USD |
CY2013Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
41918 | USD |
CY2013Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-529374 | USD |
CY2013Q3 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
-131290 | USD |
CY2012Q3 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
168575 | USD |
CY2012Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
16211 | USD |
CY2012Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-184786 | USD |
CY2013Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-278907 | USD |
CY2013Q3 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
748512 | USD |
CY2012Q3 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-1294091 | USD |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14428548 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13134457 | USD |
CY2013Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q3 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
124372 | USD |
CY2012Q3 | epm |
Increase Decrease In Due To Affiliate Used To Acquire Oil And Natural Gas Lease Hold Interests And Develop Oil And Natural Gas Properties
IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties
|
-646932 | USD |
CY2012Q3 | epm |
Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
|
8558 | USD |
CY2012Q3 | epm |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice
|
1.82 | |
CY2013Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4822820 | shares |
CY2013Q3 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
322514 | USD |
CY2012Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
36808 | USD |
CY2013Q2 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
270297 | USD |
CY2013Q3 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
276983 | USD |
CY2013Q3 | epm |
Revenue From Crude Oil
RevenueFromCrudeOil
|
4591377 | USD |
CY2013Q3 | epm |
Revenue From Natural Gas Liquids
RevenueFromNaturalGasLiquids
|
24146 | USD |
CY2013Q3 | us-gaap |
Treasury Stock Shares Retired
TreasuryStockSharesRetired
|
801889 | shares |
CY2013Q3 | us-gaap |
Natural Gas Production Revenue
NaturalGasProductionRevenue
|
18176 | USD |
CY2013Q3 | us-gaap |
Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
|
159011 | USD |
CY2013Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
|
159011 | USD |
CY2013Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
|
132509 | USD |
CY2013Q3 | us-gaap |
Lease Operating Expense
LeaseOperatingExpense
|
409847 | USD |
CY2013Q3 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
8403 | USD |
CY2013Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
309673 | USD |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
7703 | USD |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
16513 | USD |
CY2013Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
168575 | USD |
CY2013Q3 | epm |
Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
|
319885 | USD |
CY2013Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
72395 | USD |
CY2013Q3 | epm |
Deferred Rent Expenses
DeferredRentExpenses
|
-4286 | USD |
CY2013Q3 | epm |
Increase Decrease In Amount Due From Joint Interest Partner
IncreaseDecreaseInAmountDueFromJointInterestPartner
|
14614 | USD |
CY2013Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-53948 | USD |
CY2013Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1186110 | USD |
CY2013Q3 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
40030 | USD |
CY2013Q3 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
404677 | USD |
CY2013Q3 | epm |
Payment For Acquisition Of Oil And Gas Properties
PaymentForAcquisitionOfOilAndGasProperties
|
50154 | USD |
CY2013Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1556793 | USD |
CY2013Q3 | epm |
Payment For Development Of Oil And Gas Properties
PaymentForDevelopmentOfOilAndGasProperties
|
544060 | USD |
CY2013Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1913 | USD |
CY2013Q3 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
66753 | USD |
CY2013Q3 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
168575 | USD |
CY2013Q3 | epm |
Payments For Purchase Of Treasury Stock Cost Method
PaymentsForPurchaseOfTreasuryStockCostMethod
|
117182 | USD |
CY2013Q3 | epm |
Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
|
45172 | USD |
CY2013Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
373438 | USD |
CY2013Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
117182 | USD |
CY2013Q3 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
168575 | USD |
CY2013Q3 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
472235 | USD |
CY2013Q3 | epm |
Proceeds From Recovery Of Short Swing Profits
ProceedsFromRecoveryOfShortSwingProfits
|
6850 | USD |
CY2013Q3 | epm |
Recovery Of Short Swing Profits
RecoveryOfShortSwingProfits
|
6850 | USD |
CY2013Q3 | epm |
Adjustments To Additional Paid In Capital Recovery Of Short Swing Profits
AdjustmentsToAdditionalPaidInCapitalRecoveryOfShortSwingProfits
|
6850 | USD |
CY2013Q3 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
100347 | USD |
CY2013Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
392474 | USD |
CY2013Q3 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
131457 | USD |
CY2013Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
638225 | USD |
CY2013Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
663488 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8491364 | USD |
CY2013Q3 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
48579 | USD |
CY2013Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
28599 | USD |
CY2013Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
31057316 | USD |
CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
25316911 | USD |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
482636 | USD |
CY2012Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.396 | pure |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.247 | pure |
CY2013Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2012Q3 | epm |
Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions
IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions
|
852 | shares |
CY2013Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3603945 | shares |
CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3824339 | shares |
CY2013Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3603945 | shares |
CY2012Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3825191 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2013Q3 | epm |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice
|
1.99 |