2024 Q2 Form 10-K Financial Statement

#000149315224012685 Filed on April 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $115.8K $246.6K $794.0K
YoY Change -43.34% -24.07% -51.55%
Cost Of Revenue $142.2K $129.6K $473.9K
YoY Change 39.81% -3.84% -24.9%
Gross Profit -$26.39K $117.0K $320.1K
YoY Change -125.7% -38.41% -68.24%
Gross Profit Margin -22.79% 47.45% 40.31%
Selling, General & Admin $355.8K $443.1K $1.853M
YoY Change -50.36% 24.05% 17.23%
% of Gross Profit 378.69% 578.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.11K $51.88K $167.5K
YoY Change -37.46% 15.39% -18.46%
% of Gross Profit 44.34% 52.34%
Operating Expenses $526.1K $495.0K $5.375M
YoY Change -39.06% 23.09% 122.4%
Operating Profit -$410.3K -$378.0K -$4.581M
YoY Change -37.73% 78.16% 488.85%
Interest Expense $321.2K $20.36K $1.370M
YoY Change 627.62% 0.0%
% of Operating Profit
Other Income/Expense, Net $321.2K $1.370M
YoY Change -10.41% 3970.98%
Pretax Income -$89.09K -$3.238M -$3.211M
YoY Change -70.34% 1588.45% -531.46%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$89.09K -$3.238M -$3.211M
YoY Change -70.34% 1588.45% 331.46%
Net Earnings / Revenue -76.93% -1313.13% -404.43%
Basic Earnings Per Share -$0.01 $0.30
Diluted Earnings Per Share -$0.01 -$0.30 $0.30
COMMON SHARES
Basic Shares Outstanding 10.91M shares 10.91M shares 10.78M shares
Diluted Shares Outstanding 10.91M shares 10.78M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.381M $4.059M $4.059M
YoY Change -38.9% -10.73% -10.73%
Cash & Equivalents $3.381M $4.059M
Short-Term Investments
Other Short-Term Assets $104.2K $35.24K $35.24K
YoY Change -42.57% -58.32% -58.32%
Inventory
Prepaid Expenses
Receivables $32.11K $71.74K $71.74K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.517M $4.166M $4.166M
YoY Change -41.31% -13.14% -13.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.497M $1.559M $1.704M
YoY Change -66.82% -66.23% -64.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.272M $4.505M $4.505M
YoY Change 104.0% 114.32% 114.32%
Other Assets $3.167K $3.167K $3.170K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $6.881M $6.213M $6.213M
YoY Change -5.48% -10.41% -10.41%
TOTAL ASSETS
Total Short-Term Assets $3.517M $4.166M $4.166M
Total Long-Term Assets $6.881M $6.213M $6.213M
Total Assets $10.40M $10.38M $10.38M
YoY Change -21.66% -11.53% -11.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $252.0K $156.6K $156.6K
YoY Change 216.33% 37.66% 37.66%
Accrued Expenses $17.07K $17.08K $92.36K
YoY Change -1.67% 6.54% 13.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $349.8K $248.9K $248.9K
YoY Change 109.19% 27.55% 27.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $93.48K $134.2K $134.2K
YoY Change -45.19% -38.78% -38.78%
Total Long-Term Liabilities $93.48K $134.2K $134.2K
YoY Change -45.19% -38.78% -38.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.8K $248.9K $248.9K
Total Long-Term Liabilities $93.48K $134.2K $134.2K
Total Liabilities $443.3K $383.1K $383.1K
YoY Change 31.24% -7.53% -7.53%
SHAREHOLDERS EQUITY
Retained Earnings -$77.10M -$77.00M
YoY Change 4.19% 4.35%
Common Stock $10.91K $10.91K
YoY Change 0.0% 5.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.955M $9.996M $9.996M
YoY Change
Total Liabilities & Shareholders Equity $10.40M $10.38M $10.38M
YoY Change -21.66% -11.53% -11.53%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$89.09K -$3.238M -$3.211M
YoY Change -70.34% 1588.45% 331.46%
Depreciation, Depletion And Amortization $28.11K $51.88K $167.5K
YoY Change -37.46% 15.39% -18.46%
Cash From Operating Activities -$34.97K $51.73K $263.2K
YoY Change -85.23% -298.5% -214.95%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$335.4K -$448.7K -$2.403M
YoY Change 47.96% -48.14% 45.97%
Cash From Investing Activities -$335.4K -$448.7K -$2.403M
YoY Change 47.96% -48.19% 44.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.652M
YoY Change 10.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 $1.652M
YoY Change -100.0% -100.0% 7.06%
NET CHANGE
Cash From Operating Activities -34.97K 51.73K $263.2K
Cash From Investing Activities -335.4K -448.7K -$2.403M
Cash From Financing Activities 0.000 0.000 $1.652M
Net Change In Cash -370.4K -397.0K -$488.0K
YoY Change -229.01% -160.99% 40.49%
FREE CASH FLOW
Cash From Operating Activities -$34.97K $51.73K $263.2K
Capital Expenditures $0.00 $0.00
Free Cash Flow $51.73K $263.2K
YoY Change -291.95% -207.86%

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DepreciationDepletionAndAmortization
167527 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
205458 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
537686 usd
CY2023 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-2343126 usd
CY2023 us-gaap Accretion Expense
AccretionExpense
2707 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
4580 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
238314 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
206210 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
67181 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
60305 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-92839 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50087 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-17358 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-31942 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-855 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
41174 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
53203 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-65385 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-65385 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
263191 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-228962 usd
CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
15045 usd
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2403219 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1646360 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2403219 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1661405 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1652000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1543000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1652000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1543000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-488028 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-347367 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4547210 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4894577 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4059182 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4547210 usd
CY2023 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
9706 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1638841 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-77000000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zmdpHMyu3gZ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_zkj02eGpDkUd">General Principles and Use of Estimates</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. In preparing financial statements, management makes informed judgments and estimates that affect the reported amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management reviews its estimates, including those related to such potential matters as litigation, environmental liabilities, income taxes, and determination of proved reserves of oil and gas and asset retirement obligations. Changes in facts and circumstances may result in revised estimates and actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zYdFBBOy7Dqk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86E_zA28sLjaI6e">Concentration of Credit Risk</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to a concentration of credit risk include cash, cash equivalents and marketable securities (if any). The Company had cash deposits of $<span id="xdx_905_eus-gaap--Deposits_iI_pn5n6_c20231231_zZPevcbXmkfc" title="Cash deposits">3.7</span> million in excess of the FDIC’s current insured limit of $<span id="xdx_90B_eus-gaap--CashFDICInsuredAmount_iI_pp0p0_c20231231_zS4MSMmdnLg9" title="Current insured limit on interest bearing accounts">250,000</span> at December 31, 2023 for interest bearing accounts. The Company also had cash deposits of $<span id="xdx_907_eus-gaap--Deposits_iI_c20231231__srt--ProductOrServiceAxis__custom--ColombianBankMember_zE1hh06y1DL5" title="Cash deposits">1,737</span> in Colombian banks at December 31, 2023 that are not insured by the FDIC. The Company has not experienced any losses on its deposits of cash and cash equivalents.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Deposits
Deposits
3700000 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1095207 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1038577 shares
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-9706 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2707 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4580 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
63084 usd
CY2023 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
61217260 usd
CY2022 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
60512047 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
537686 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
72789 usd
CY2023 HUSA Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Discount Rate
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDiscountRate
0.10 pure
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2023Q4 HUSA Capitalized Costs Of Proved Properties Being Amortization Cumulative
CapitalizedCostsOfProvedPropertiesBeingAmortizationCumulative
62766243 usd
CY2023Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
61206942 usd
CY2023Q4 HUSA Capitalized Costs Of Proved Properties Oil And Gas Producing Activities Net
CapitalizedCostsOfProvedPropertiesOilAndGasProducingActivitiesNet
1559301 usd
CY2022Q4 HUSA Capitalized Costs Of Proved Properties Being Amortization Cumulative
CapitalizedCostsOfProvedPropertiesBeingAmortizationCumulative
62776219 usd
CY2022Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
60501999 usd
CY2022Q4 HUSA Capitalized Costs Of Proved Properties Oil And Gas Producing Activities Net
CapitalizedCostsOfProvedPropertiesOilAndGasProducingActivitiesNet
2274220 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2403219 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1661405 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
537686 usd
CY2023 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-2343126 usd
CY2023Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
4500000 usd
CY2022Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
2100000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
72789 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
68209 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2706 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
990177 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.38
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
60000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.91
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.84
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
58000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.43
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
944177 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.08
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
60000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.09
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3370 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.85
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1000807 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.46
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
107640 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
955481 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.44
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
107640 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
238314 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
206210 usd
CY2023 HUSA Earnings Per Share Effect Of Share Based Compensation Expense
EarningsPerShareEffectOfShareBasedCompensationExpense
-0.02
CY2022 HUSA Earnings Per Share Effect Of Share Based Compensation Expense
EarningsPerShareEffectOfShareBasedCompensationExpense
-0.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
94400 shares
CY2021Q4 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Outstanding Exercise Price Rage Number Of Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionOutstandingExercisePriceRageNumberOfShare
2.50
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
94400 shares
CY2022Q4 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Outstanding Exercise Price Rage Number Of Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionOutstandingExercisePriceRageNumberOfShare
2.50
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
94400 shares
CY2023Q4 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Outstanding Exercise Price Rage Number Of Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionOutstandingExercisePriceRageNumberOfShare
2.50
CY2023Q4 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
94400 shares
CY2023Q4 HUSA Share Based Compensation Arrangement By Share Based Payment Award Non Option Outstanding Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionOutstandingExercisableWeightedAverageExercisePrice
2.50
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3211277 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-744279 usd
CY2023 HUSA Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRates
-674368 usd
CY2022 HUSA Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRates
-156299 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
10439 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
710366 usd
CY2013Q3 HUSA Maximum Percentage Of Revenue From Well Considered For Pool Cap Two
MaximumPercentageOfRevenueFromWellConsideredForPoolCapTwo
0.71 pure
CY2023 us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
47724 usd
CY2022 us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
17725 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-189914 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3003 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-10919 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
369680 usd
CY2023 HUSA Income Tax Reconciliation Tax Deferred True Up
IncomeTaxReconciliationTaxDeferredTrueUp
-25088 usd
CY2022 HUSA Income Tax Reconciliation Tax Deferred True Up
IncomeTaxReconciliationTaxDeferredTrueUp
-33082 usd
CY2022 HUSA Tax Provision
TaxProvision
3827 usd
CY2022 HUSA Income Tax Expense Benefits
IncomeTaxExpenseBenefits
3827 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
12365160 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
18865 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12365160 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12912710 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
18865 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
27745 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
470816 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
425860 usd
CY2023Q4 HUSA Deferred Tax Assets Book In Excess Of Tax Depreciation Depletion And Capitalization Methods On Oil And Gas Properties
DeferredTaxAssetsBookInExcessOfTaxDepreciationDepletionAndCapitalizationMethodsOnOilAndGasProperties
-438337 usd
CY2022Q4 HUSA Deferred Tax Assets Book In Excess Of Tax Depreciation Depletion And Capitalization Methods On Oil And Gas Properties
DeferredTaxAssetsBookInExcessOfTaxDepreciationDepletionAndCapitalizationMethodsOnOilAndGasProperties
-3458 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-174401 usd
CY2023Q4 HUSA Asc842 Lease Standard Building Lease
Asc842LeaseStandardBuildingLease
281 usd
CY2022Q4 HUSA Asc842 Lease Standard Building Lease
Asc842LeaseStandardBuildingLease
-4 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12416785 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12188460 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12416785 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12188460 usd
CY2023 HUSA Net Operating Loss Expiration Year
NetOperatingLossExpirationYear
Under the Tax Cuts and Jobs Act of 2017, net operating losses incurred for tax years beginning after December 31, 2017 will have no expiration date but utilization will be limited to 80% of taxable income. For losses generated prior to January 1, 2018, there will be no limitation on the utilization, but there is an expiration on the carryforward of 20 years for federal tax purposes.
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
88801 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
75051 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
163852 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17493 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
146359 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
75276 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
71083 usd
CY2013Q3 HUSA Description Of Production Incentive Compensation Plan
DescriptionOfProductionIncentiveCompensationPlan
The maximum percentage of the Company’s share of revenues from a well that may be designated to fund a Pool is 2% (the “Pool Cap”); provided, however, that with respect to wells with a net revenue interest to the 8/8 of less than 73%, the Pool Cap with respect to such wells shall be reduced on a 1-for-1 basis such that no portion of the Company’s revenues from a well may be designated to fund a Pool if the NRI is 71% or less
CY2013Q3 HUSA Maximum Percentage Of Revenue To Fund Pool From Well
MaximumPercentageOfRevenueToFundPoolFromWell
0.02 pure
CY2013Q3 HUSA Maximum Percentage Of Revenue From Well Considered For Pool Cap One
MaximumPercentageOfRevenueFromWellConsideredForPoolCapOne
0.73 pure
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
0 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
0 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
794027 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1559301 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1638841 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4617346 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
794027 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1638841 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
473925 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
631033 usd
CY2023Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
62766243 usd
CY2023Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
61206942 usd
CY2023Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
1559301 usd
CY2023 HUSA Period Of Average Prices Used In Calculating Proved Oil And Gas Reserves
PeriodOfAveragePricesUsedInCalculatingProvedOilAndGasReserves
P12M
CY2023 HUSA Minimum Experience Of Vice President Of Independent Professional Engineering Firm
MinimumExperienceOfVicePresidentOfIndependentProfessionalEngineeringFirm
P30Y
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
6509498 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
3804439 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
-2705059 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1140335 usd
CY2023Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1564724 usd
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
196003 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
516316 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-3117105 usd
CY2023 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-645668 usd
CY2023 HUSA Changes In Production Rates And Other
ChangesInProductionRatesAndOther
-155975 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5163159 usd
CY2023Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1564724 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
16451375 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
5918092 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
-10533283 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
5370124 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5163159 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
1007808 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
338098 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
1876949 usd
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
691609 usd
CY2022 HUSA Changes In Production Rates And Other
ChangesInProductionRatesAndOther
-116667 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
1782181 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3380978 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5163159 usd

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