2022 Q3 Form 10-Q Financial Statement
#000165495422011387 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $7.472M | $9.547M | $7.090M |
YoY Change | 83.63% | 155.27% | 100.79% |
Cost Of Revenue | $2.918M | $2.802M | $2.356M |
YoY Change | 105.06% | 92.58% | 83.2% |
Gross Profit | $4.554M | $6.745M | $4.734M |
YoY Change | 72.11% | 195.19% | 110.87% |
Gross Profit Margin | 60.95% | 70.65% | 66.77% |
Selling, General & Admin | $1.220M | $1.296M | $1.592M |
YoY Change | -8.75% | -2.56% | -9.9% |
% of Gross Profit | 26.79% | 19.21% | 33.63% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.313M | $2.228M | $1.886M |
YoY Change | 38.84% | 39.08% | 20.82% |
% of Gross Profit | 50.79% | 33.03% | 39.84% |
Operating Expenses | $6.451M | $6.326M | $5.834M |
YoY Change | 45.75% | 44.2% | 26.44% |
Operating Profit | $1.021M | $3.221M | $1.256M |
YoY Change | -385.99% | -597.84% | 73.96% |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | 0.0% | 0.0% | 0.0% |
Other Income/Expense, Net | $58.00K | -$11.00K | $83.00K |
YoY Change | 81.25% | -102.61% | 1283.33% |
Pretax Income | $1.079M | $3.210M | $1.339M |
YoY Change | -432.0% | -1526.67% | 83.93% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $1.079M | $3.210M | $1.339M |
YoY Change | -432.0% | -1526.67% | 83.93% |
Net Earnings / Revenue | 14.44% | 33.62% | 18.89% |
Basic Earnings Per Share | $0.01 | $0.04 | $0.02 |
Diluted Earnings Per Share | $0.01 | $0.04 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 85.55M shares | 85.48M shares | 728.0 shares |
Diluted Shares Outstanding | 85.64M shares | 85.48M shares | 86.07M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $27.36M | $23.06M | $21.84M |
YoY Change | 37.31% | 19.29% | 17.83% |
Cash & Equivalents | $27.36M | $23.06M | $25.13M |
Short-Term Investments | |||
Other Short-Term Assets | $316.0K | $37.00K | $217.0K |
YoY Change | -12.47% | 37.04% | 223.88% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.681M | $4.784M | $3.970M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $30.36M | $27.89M | $26.02M |
YoY Change | 39.21% | 33.43% | 30.07% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $70.39M | $71.24M | $71.83M |
YoY Change | 8.31% | 8.97% | 7.94% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.722M | $3.525M | $3.533M |
YoY Change | 4.76% | -1.07% | -0.08% |
Total Long-Term Assets | $74.11M | $74.77M | $75.37M |
YoY Change | 8.12% | 8.45% | 7.54% |
TOTAL ASSETS | |||
Total Short-Term Assets | $30.36M | $27.89M | $26.02M |
Total Long-Term Assets | $74.11M | $74.77M | $75.37M |
Total Assets | $104.5M | $102.7M | $101.4M |
YoY Change | 15.63% | 14.26% | 12.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $719.0K | $982.0K | $3.953M |
YoY Change | -4.39% | 50.61% | 483.04% |
Accrued Expenses | $1.820M | $1.527M | $1.327M |
YoY Change | 276.81% | 280.8% | 132.4% |
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 | $3.656M | $3.671M | $6.288M |
YoY Change | 47.48% | 62.79% | 131.01% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $2.080M | $1.798M | $1.716M |
YoY Change | 6.45% | -7.03% | -13.98% |
Total Long-Term Liabilities | $2.080M | $1.798M | $1.716M |
YoY Change | 6.45% | -7.03% | -14.88% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.656M | $3.671M | $6.288M |
Total Long-Term Liabilities | $2.080M | $1.798M | $1.716M |
Total Liabilities | $5.736M | $5.469M | $8.004M |
YoY Change | 29.39% | 30.56% | 68.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$124.0M | -$125.0M | |
YoY Change | -3.24% | -2.15% | |
Common Stock | $86.00K | $85.00K | |
YoY Change | 7.5% | 7.59% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $98.73M | $97.18M | $93.39M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $104.5M | $102.7M | $101.4M |
YoY Change | 15.63% | 14.26% | 12.54% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.079M | $3.210M | $1.339M |
YoY Change | -432.0% | -1526.67% | 83.93% |
Depreciation, Depletion And Amortization | $2.313M | $2.228M | $1.886M |
YoY Change | 38.84% | 39.08% | 20.82% |
Cash From Operating Activities | $5.863M | $5.716M | $1.415M |
YoY Change | 291.39% | 266.41% | 54.98% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.366M | -$4.539M | -$5.508M |
YoY Change | 50.61% | 556.87% | 846.39% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$1.366M | -$4.539M | -$5.508M |
YoY Change | 50.61% | 556.87% | -527.31% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 50.00K | 0.000 |
YoY Change | -175.76% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | 5.863M | 5.716M | $1.415M |
Cash From Investing Activities | -1.366M | -4.539M | -$5.508M |
Cash From Financing Activities | 0.000 | 50.00K | 0.000 |
Net Change In Cash | 4.497M | 1.227M | -$4.093M |
YoY Change | 660.91% | 52.8% | -138.96% |
FREE CASH FLOW | |||
Cash From Operating Activities | $5.863M | $5.716M | $1.415M |
Capital Expenditures | -$1.366M | -$4.539M | -$5.508M |
Free Cash Flow | $7.229M | $10.26M | $6.923M |
YoY Change | 200.58% | 355.58% | 363.08% |
Facts In Submission
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us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
1871000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10047000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
598000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
50000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
8237000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
50000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8237000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2866000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
11308000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29227000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11324000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26361000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
22632000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
1604000 | usd | |
ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
54000 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
80000 | usd | |
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
16000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
91483000 | usd |
CY2022Q1 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
563000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1339000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
93385000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
537000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3210000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
97182000 | usd |
CY2021Q1 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2021Q1 | ped |
Stock Rescinded During Period Value
StockRescindedDuringPeriodValue
|
0 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8303000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | usd |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
684000 | usd |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
728000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
85351000 | usd |
CY2021Q2 | ped |
Offering Costs Incurred For Issuance Of Common Stock To Non Affiliate
OfferingCostsIncurredForIssuanceOfCommonStockToNonAffiliate
|
-66000 | usd |
CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
591000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-225000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
85651000 | usd |
CY2022Q2 | us-gaap |
Cash
Cash
|
23064000 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
25930000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
9547000 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3740000 | usd |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
16637000 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
7271000 | usd | |
CY2022Q2 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3297000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3297000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
26361000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
29227000 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
151338000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
162284000 | usd |
CY2021Q4 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
2559000 | usd |
CY2022Q2 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
56000 | usd |
CY2021Q4 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
789000 | usd |
CY2022Q2 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
869000 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
88219000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
92091000 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
66467000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
71118000 | usd |
ped |
Capital Costs Incurred Recently Completed Wells
CapitalCostsIncurredRecentlyCompletedWells
|
8443000 | usd | |
ped |
Cash Consideration During The Period
CashConsiderationDuringThePeriod
|
500000 | usd | |
us-gaap |
Recapitalization Costs
RecapitalizationCosts
|
1200000 | usd | |
ped |
Total Acquisition And Due Diligence Costs
TotalAcquisitionAndDueDiligenceCosts
|
330000 | usd | |
CY2022Q2 | us-gaap |
Depletion
Depletion
|
2127000 | usd |
ped |
Liabilities Settled
LiabilitiesSettled
|
-42000 | usd | |
ped |
Changes In Estimates
ChangesInEstimates
|
80000 | usd | |
CY2022Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
1787000 | usd |
CY2021Q4 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
49000 | usd |
CY2022Q2 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
10000 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
10000 | usd | |
CY2021Q2 | us-gaap |
Depletion
Depletion
|
1511000 | usd |
us-gaap |
Depletion
Depletion
|
3872000 | usd | |
us-gaap |
Depletion
Depletion
|
2944000 | usd | |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
1525000 | usd |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
224000 | usd | |
ped |
Supplemental Information Related To Operating Leasetabletextblock
SupplementalInformationRelatedToOperatingLeasetabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Six Months Ended </strong></p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td colspan="2" style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2022</strong></p></td><td style="BORDER-BOTTOM: #000000 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Cash paid for amounts included in the measurement of lease liabilities</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">60</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
60000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
123000 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
118000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
21000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
139000 | usd |
ped |
Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
|
P1Y2M12D | ||
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0535 | pure |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
61000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
82000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
0 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
143000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
454000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
|
0.0156 | pure |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
139000 | usd |
us-gaap |
Other Commitments Description
OtherCommitmentsDescription
|
In the Permian Basin Asset, 76 acres are due to expire during the remainder of 2022 and 106 net acres expire thereafter (net to our direct ownership interest only). | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
1200000 | shares | |
CY2022Q2 | ped |
Shares Of Common Stock
SharesOfCommonStock
|
87121 | shares |
CY2022Q2 | ped |
Sales Price Of Share
SalesPriceOfShare
|
1.66 | |
CY2022Q2 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
141000 | usd |
CY2022Q2 | us-gaap |
Sales Commissions And Fees
SalesCommissionsAndFees
|
4400 | usd |
CY2022Q2 | us-gaap |
Legal Fees
LegalFees
|
91000 | usd |
CY2021Q4 | ped |
Sales Agent Commission
SalesAgentCommission
|
0.030 | pure |
CY2021Q4 | ped |
Reimbursement Of Gross Proceeds
ReimbursementOfGrossProceeds
|
40000 | usd |
CY2021Q4 | ped |
Reimbursement Of Certain Specified Expenses
ReimbursementOfCertainSpecifiedExpenses
|
25000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
3500000 | usd |
CY2022Q1 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
520000 | shares |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.17 | |
CY2022Q1 | us-gaap |
Contract Termination Claims Description
ContractTerminationClaimsDescription
|
The options have a term of five years and fully vest on January 2025, with 33.3% vesting each subsequent year from the date of grant, contingent upon the recipient’s continued service with the Company | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y6M | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.20 | pure |
CY2022Q2 | ped |
Company Recognized Stock Option Expense Debtissuance
CompanyRecognizedStockOptionExpenseDebtissuance
|
251000 | usd |
CY2022Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
489000 | usd |
CY2022Q2 | ped |
Intrinsic Value Of Outstanding And Exercisable Options
IntrinsicValueOfOutstandingAndExercisableOptions
|
0 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1123435 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.80 | |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P3Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
520000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.17 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
45768 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
5.44 | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1597667 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.49 | |
ped |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2a
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2a
|
P3Y3M18D | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
624000 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.77 | |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P2Y2M12D | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3210000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-225000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
503000 | usd | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79461603 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85305583 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
78157942 | shares | |
CY2022Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
CY2021Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
75830000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85479421 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
79461603 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85305583 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
78233772 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
CY2022Q2 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1597667 | shares |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1278436 | shares | |
CY2021Q2 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1597667 | shares |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1126769 | shares | |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
28038000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
71049000 | usd |
CY2022Q2 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
69000 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
|
2559000 | usd |
CY2022Q2 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
71118000 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
66467000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
123000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
173000 | usd |
CY2022Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
3525000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25930000 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
4784000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
1782000 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
37000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
326000 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
102651000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
98221000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
982000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2626000 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1527000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1454000 | usd |
CY2022Q2 | ped |
Revenue Payable
RevenuePayable
|
1034000 | usd |
CY2021Q4 | ped |
Revenue Payable
RevenuePayable
|
938000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
118000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
114000 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3671000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5181000 | usd |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
5469000 | usd |
CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
85000 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
84000 | usd |
CY2022Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
222133000 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
220984000 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-125036000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-129585000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
97182000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
91483000 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
102651000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
98221000 | usd |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
78233772 | shares |