2023 Q2 Form 10-Q Financial Statement
#000165495423006582 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $10.91M | $8.164M | $7.090M |
YoY Change | 14.28% | 15.15% | 100.79% |
Cost Of Revenue | $2.809M | $2.466M | $2.356M |
YoY Change | 0.25% | 4.67% | 83.2% |
Gross Profit | $8.101M | $5.698M | $4.734M |
YoY Change | 20.1% | 20.36% | 110.87% |
Gross Profit Margin | 74.25% | 69.79% | 66.77% |
Selling, General & Admin | $1.332M | $1.488M | $1.592M |
YoY Change | 2.78% | -6.53% | -9.9% |
% of Gross Profit | 16.44% | 26.11% | 33.63% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $3.235M | $2.581M | $1.886M |
YoY Change | 45.2% | 36.85% | 20.82% |
% of Gross Profit | 39.93% | 45.3% | 39.84% |
Operating Expenses | $7.376M | $6.535M | $5.834M |
YoY Change | 16.6% | 12.02% | 26.44% |
Operating Profit | $3.534M | $1.629M | $1.256M |
YoY Change | 9.72% | 29.7% | 73.96% |
Interest Expense | $86.00K | $98.00K | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | 2.43% | 6.02% | 0.0% |
Other Income/Expense, Net | $86.00K | $133.0K | $83.00K |
YoY Change | -881.82% | 60.24% | 1283.33% |
Pretax Income | $3.620M | $1.762M | $1.339M |
YoY Change | 12.77% | 31.59% | 83.93% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $3.620M | $1.762M | $1.339M |
YoY Change | 12.77% | 31.59% | 83.93% |
Net Earnings / Revenue | 33.18% | 21.58% | 18.89% |
Basic Earnings Per Share | $0.04 | $0.02 | $0.02 |
Diluted Earnings Per Share | $0.04 | $0.02 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 87.04M shares | 87.04M shares | 728.0 shares |
Diluted Shares Outstanding | 87.04M shares | 86.72M shares | 86.07M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $12.46M | $14.14M | $21.84M |
YoY Change | -45.96% | -35.25% | 17.83% |
Cash & Equivalents | $12.46M | $14.14M | $25.13M |
Short-Term Investments | |||
Other Short-Term Assets | $50.00K | $149.0K | $217.0K |
YoY Change | 35.14% | -31.34% | 223.88% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $6.441M | $5.788M | $3.970M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $18.96M | $20.08M | $26.02M |
YoY Change | -32.02% | -22.86% | 30.07% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $87.00M | $84.24M | $71.83M |
YoY Change | 22.12% | 17.27% | 7.94% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.819M | $3.821M | $3.533M |
YoY Change | 8.34% | 8.15% | -0.08% |
Total Long-Term Assets | $90.82M | $88.06M | $75.37M |
YoY Change | 21.47% | 16.84% | 7.54% |
TOTAL ASSETS | |||
Total Short-Term Assets | $18.96M | $20.08M | $26.02M |
Total Long-Term Assets | $90.82M | $88.06M | $75.37M |
Total Assets | $109.8M | $108.1M | $101.4M |
YoY Change | 6.94% | 6.65% | 12.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.019M | $3.683M | $3.953M |
YoY Change | 3.77% | -6.83% | 483.04% |
Accrued Expenses | $1.322M | $1.375M | $1.327M |
YoY Change | -13.43% | 3.62% | 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 | $4.072M | $6.767M | $6.288M |
YoY Change | 10.92% | 7.62% | 131.01% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $2.826M | $2.628M | $1.716M |
YoY Change | 57.17% | 53.15% | -13.98% |
Total Long-Term Liabilities | $2.826M | $2.628M | $1.716M |
YoY Change | 57.17% | 53.15% | -14.88% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.072M | $6.767M | $6.288M |
Total Long-Term Liabilities | $2.826M | $2.628M | $1.716M |
Total Liabilities | $6.898M | $9.395M | $8.004M |
YoY Change | 26.13% | 17.38% | 68.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$121.4M | -$125.0M | |
YoY Change | -2.94% | ||
Common Stock | $87.00K | $87.00K | |
YoY Change | 2.35% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $102.9M | $98.74M | $93.39M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $109.8M | $108.1M | $101.4M |
YoY Change | 6.94% | 6.65% | 12.54% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.620M | $1.762M | $1.339M |
YoY Change | 12.77% | 31.59% | 83.93% |
Depreciation, Depletion And Amortization | $3.235M | $2.581M | $1.886M |
YoY Change | 45.2% | 36.85% | 20.82% |
Cash From Operating Activities | $6.592M | $1.782M | $1.415M |
YoY Change | 15.33% | 25.94% | 54.98% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $8.267M | $17.07M | -$5.508M |
YoY Change | -282.13% | -409.97% | 846.39% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | -$8.267M | -$17.07M | -$5.508M |
YoY Change | 82.13% | 209.97% | -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 | 0.000 | |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | 6.592M | $1.782M | $1.415M |
Cash From Investing Activities | -8.267M | -$17.07M | -$5.508M |
Cash From Financing Activities | 0.000 | 0.000 | |
Net Change In Cash | -1.675M | -$15.29M | -$4.093M |
YoY Change | -236.51% | 273.59% | -138.96% |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.592M | $1.782M | $1.415M |
Capital Expenditures | $8.267M | $17.07M | -$5.508M |
Free Cash Flow | -$1.675M | -$15.29M | $6.923M |
YoY Change | -116.33% | -320.87% | 363.08% |
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|
19000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1782000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1415000 | usd |
CY2023Q1 | ped |
Cash Paid For Drilling And Completion Costs
CashPaidForDrillingAndCompletionCosts
|
-17032000 | usd |
CY2022Q1 | ped |
Cash Paid For Drilling And Completion Costs
CashPaidForDrillingAndCompletionCosts
|
-5508000 | usd |
CY2023Q1 | ped |
Payment For Cash Paid For Vehicle
PaymentForCashPaidForVehicle
|
-41000 | usd |
CY2022Q1 | ped |
Payment For Cash Paid For Vehicle
PaymentForCashPaidForVehicle
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17073000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5808000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-15291000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4093000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
32977000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29227000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17686000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
25134000 | usd |
CY2023Q1 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2022Q1 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2023Q1 | ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
10534000 | usd |
CY2022Q1 | ped |
Accrued Oil And Gas Development Costs
AccruedOilAndGasDevelopmentCosts
|
173000 | usd |
CY2023Q1 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
6000 | usd |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
45000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96459000 | usd |
CY2023Q1 | ped |
Restricted Stock Issued During Period Value New Issues
RestrictedStockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
518000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1762000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98739000 | 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 |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
8164000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
7090000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3547000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
3547000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
17686000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
32977000 | usd |
CY2023Q1 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
5000000.0 | usd |
CY2022Q4 | us-gaap |
Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
|
0 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
176253000 | usd |
CY2023Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
182026000 | usd |
CY2022Q4 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
775000 | usd |
CY2023Q1 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
1500000 | usd |
CY2022Q4 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
1407000 | usd |
CY2023Q1 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
1401000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
98288000 | usd |
CY2023Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
100735000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
80147000 | usd |
CY2023Q1 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
84192000 | usd |
CY2023Q1 | ped |
Capital Cost Of Drilling And Completion
CapitalCostOfDrillingAndCompletion
|
4940000 | usd |
CY2023Q1 | ped |
Description Of Additional Acquired
DescriptionOfAdditionalAcquired
|
The Company also acquired approximately 187 net mineral acres, and 1,523 net lease | |
CY2023Q1 | ped |
Cost Of Due Deligence
CostOfDueDeligence
|
291000 | usd |
CY2022Q4 | ped |
Cost Of Due Deligence
CostOfDueDeligence
|
1267000 | usd |
CY2023Q1 | us-gaap |
Depletion
Depletion
|
2447000 | usd |
CY2022Q1 | us-gaap |
Depletion
Depletion
|
1745000 | usd |
CY2023Q1 | ped |
Asset Retirement Obligations
AssetRetirementObligations
|
3161000 | usd |
CY2023Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
131000 | usd |
CY2023Q1 | ped |
Changes In Estimates Net
ChangesInEstimatesNet
|
-6000 | usd |
CY2023Q1 | ped |
Asset Retirement Obligations Ending
AssetRetirementObligationsEnding
|
3286000 | usd |
CY2022Q4 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
472000000 | usd |
CY2023Q1 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
658000000 | usd |
CY2023Q1 | us-gaap |
Other Expenses
OtherExpenses
|
10000 | usd |
CY2023Q1 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2027-02-28 | |
CY2023Q1 | ped |
Sale Leaseback Transaction Monthly Rentals Payments
SaleLeasebackTransactionMonthlyRentalsPayments
|
9200 | usd |
CY2023Q1 | ped |
Base Monthly Rent Increased Amount
BaseMonthlyRentIncreasedAmount
|
9500 | usd |
CY2023Q1 | ped |
Security Deposit And Prepaid Rent
SecurityDepositAndPrepaidRent
|
14700 | usd |
CY2023Q1 | 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>Three Months Ended </strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td/><td colspan="4" style="BORDER-BOTTOM: #000000 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>March 31, 2023</strong></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;">31</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><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">Supplemental balance sheet information related to the Company’s operating sublease is included in the table below (in thousands):</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><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="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>March 31, 2023</strong></p></td><td style="PADDING-BOTTOM: 1px;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">Operating lease – right-of-use asset</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="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">45</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Operating lease liabilities - current</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">51</td><td style="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:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Operating lease liabilities - long-term</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="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;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">Total lease liability</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="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">51</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
31000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
45000 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
51000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
51000 | usd |
CY2023Q1 | ped |
Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
|
P0Y4M24D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0535 | pure |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
51000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
0 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
51000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
51000 | usd |
CY2023Q1 | us-gaap |
Other Commitments Description
OtherCommitmentsDescription
|
In the Permian Basin Asset, 61 acres are due to expire during the remainder of 2023 and 40 net acres expire thereafter (net to our direct ownership interest only). | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
1250000 | shares |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
412000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
1829000 | usd |
CY2023Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
106000 | usd |
CY2023Q1 | ped |
Intrinsic Value Of Outstanding And Exercisable
IntrinsicValueOfOutstandingAndExercisable
|
0 | usd |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Numbers
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumbers
|
1407667 | shares |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Weighted Average Exercise Price Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingWeightedAverageExercisePriceEnding
|
1.51 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
540000 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.09 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
21666 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
1.68 | |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumber
|
1926001 | shares |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingWeightedAverageExercisePrice
|
1.39 | |
CY2023Q1 | ped |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2a
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2a
|
P3Y1M6D | |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Numbers
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumbers
|
949334 | shares |
CY2023Q1 | ped |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrices
|
1.63 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P2Y | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1762000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1339000 | usd |
CY2023Q1 | ped |
Effect Of Exchange Rates On Cash And Cash Equivalents
EffectOfExchangeRatesOnCashAndCashEquivalents
|
0 | usd |
CY2022Q1 | ped |
Effect Of Exchange Rates On Cash And Cash Equivalents
EffectOfExchangeRatesOnCashAndCashEquivalents
|
0 | usd |
CY2023Q1 | ped |
Net Income Adjusted For Common Stock Equivalents
NetIncomeAdjustedForCommonStockEquivalents
|
1762000 | usd |
CY2022Q1 | ped |
Net Income Adjusted For Common Stock Equivalents
NetIncomeAdjustedForCommonStockEquivalents
|
1339000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86720823 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86066070 | shares |
CY2023Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
CY2022Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86720823 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86066070 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2023Q1 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1926001000 | shares |
CY2021Q1 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1632668000 | shares |