2024 Q3 Form 10-Q Financial Statement
#000165495424010652 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $9.050M | $11.81M |
YoY Change | 23.47% | 8.26% |
Cost Of Revenue | $3.548M | |
YoY Change | 26.31% | |
Gross Profit | $8.263M | |
YoY Change | 2.0% | |
Gross Profit Margin | 69.96% | |
Selling, General & Admin | $1.343M | $1.383M |
YoY Change | 3.55% | 3.83% |
% of Gross Profit | 16.74% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.242M | |
YoY Change | 31.13% | |
% of Gross Profit | 51.34% | |
Operating Expenses | $6.954M | $9.173M |
YoY Change | 7.41% | 24.36% |
Operating Profit | $2.831M | $2.638M |
YoY Change | 230.72% | -25.35% |
Interest Expense | $93.00K | |
YoY Change | 8.14% | |
% of Operating Profit | 3.53% | |
Other Income/Expense, Net | $84.00K | $43.00K |
YoY Change | -9.68% | -50.0% |
Pretax Income | $2.681M | |
YoY Change | -25.94% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $2.915M | $2.681M |
YoY Change | 207.17% | -25.94% |
Net Earnings / Revenue | 32.21% | 22.7% |
Basic Earnings Per Share | $0.03 | $0.03 |
Diluted Earnings Per Share | $0.03 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 89.29M shares | 89.36M shares |
Diluted Shares Outstanding | 89.43M shares | 89.33M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $6.132M | |
YoY Change | -50.8% | |
Cash & Equivalents | $4.619M | $6.132M |
Short-Term Investments | ||
Other Short-Term Assets | $135.0K | |
YoY Change | 170.0% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | $8.627M | |
Other Receivables | $172.0K | |
Total Short-Term Assets | $10.99M | $15.07M |
YoY Change | -42.66% | -20.52% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $92.03M | |
YoY Change | 5.78% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $3.010M | $2.874M |
YoY Change | -20.85% | -24.74% |
Total Long-Term Assets | $103.3M | $95.92M |
YoY Change | 12.64% | 5.62% |
TOTAL ASSETS | ||
Total Short-Term Assets | $10.99M | $15.07M |
Total Long-Term Assets | $103.3M | $95.92M |
Total Assets | $114.3M | $111.0M |
YoY Change | 3.09% | 1.1% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.288M | $1.727M |
YoY Change | 22.2% | 69.48% |
Accrued Expenses | $2.160M | $1.581M |
YoY Change | -8.24% | 19.59% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $5.226M | $5.127M |
YoY Change | -2.26% | 25.91% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $2.703M | |
YoY Change | -4.35% | |
Total Long-Term Liabilities | $2.703M | |
YoY Change | -4.35% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.226M | $5.127M |
Total Long-Term Liabilities | $2.703M | |
Total Liabilities | $7.773M | $7.830M |
YoY Change | -9.54% | 13.51% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$120.1M | -$123.0M |
YoY Change | -1.92% | 1.37% |
Common Stock | $89.00K | $89.00K |
YoY Change | 2.3% | 2.3% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $106.5M | $103.2M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $114.3M | $111.0M |
YoY Change | 3.09% | 1.1% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $2.915M | $2.681M |
YoY Change | 207.17% | -25.94% |
Depreciation, Depletion And Amortization | $4.242M | |
YoY Change | 31.13% | |
Cash From Operating Activities | $4.590M | |
YoY Change | -30.37% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $11.41M | |
YoY Change | 37.98% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | -$11.41M | |
YoY Change | 37.98% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | 4.590M | |
Cash From Investing Activities | -11.41M | |
Cash From Financing Activities | ||
Net Change In Cash | -6.817M | |
YoY Change | 306.99% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.590M | |
Capital Expenditures | $11.41M | |
Free Cash Flow | -$6.817M | |
YoY Change | 306.99% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1332000 | usd |
CY2024Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4242000 | usd |
CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2898000 | usd |
CY2024Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
9173000 | usd |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
7060000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3243000 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001141197 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
87250267 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
89285267 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-06-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-35922 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
PEDEVCO CORP. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
TX | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
22-3755993 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
575 N. Dairy Ashford | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 210 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Houston | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
77079 | ||
dei |
City Area Code
CityAreaCode
|
713 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
221-1768 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.001 par value per share | ||
dei |
Trading Symbol
TradingSymbol
|
PED | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
89285267 | shares |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
11811000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
8548000 | usd |
us-gaap |
Revenues
Revenues
|
19927000 | usd | |
us-gaap |
Revenues
Revenues
|
16712000 | usd | |
CY2024Q2 | us-gaap |
Lease Cost
LeaseCost
|
3548000 | usd |
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
2830000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
6079000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
5296000 | usd | |
CY2024Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1383000 | usd |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2878000 | usd | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2820000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
7727000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5479000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
16684000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
13595000 | usd | |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2638000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1488000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3117000 | usd | |
CY2024Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
93000 | usd |
CY2023Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
86000 | usd |
us-gaap |
Interest Income Other
InterestIncomeOther
|
242000 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
184000 | usd | |
CY2024Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
12000 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd | |
CY2024Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-50000 | usd |
CY2023Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
0 | usd |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-43000 | usd | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
35000 | usd | |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
43000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
86000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
211000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
219000 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2681000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1574000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3454000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3336000 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
89326805 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
87040267 | shares |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
89040322 | shares | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
86881427 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89326805 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87040267 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89040322 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86881427 | shares | |
ped |
Disposition Of Escrow Cash Account
DispositionOfEscrowCashAccount
|
-50000 | usd | |
ped |
Disposition Of Escrow Cash Account
DispositionOfEscrowCashAccount
|
0 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2837000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1628000 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
0 | usd | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98766000 | usd |
CY2024Q1 | ped |
Issuance Of Restricted Common Stock Amount
IssuanceOfRestrictedCommonStockAmount
|
0 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
475000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
773000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
100014000 | usd |
CY2024Q2 | ped |
Rescinded Restricted Common Stock Amount
RescindedRestrictedCommonStockAmount
|
0 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
462000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2681000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
103157000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96459000 | usd |
CY2023Q1 | ped |
Issuance Of Restricted Common Stock Amount
IssuanceOfRestrictedCommonStockAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
518000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1762000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98739000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
517000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1574000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
100830000 | usd |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
11811000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
8548000 | usd |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
19927000 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
16712000 | usd | |
CY2024Q2 | us-gaap |
Cash
Cash
|
6132000 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
18515000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
2545000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
2200000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8677000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
20715000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
185403000 | usd |
CY2024Q2 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
198490000 | usd |
CY2023Q4 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
12407000 | usd |
CY2024Q2 | ped |
Oil And Gas Property Successful Effort Method Not Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodNotAccumulatedDepreciationDepletionAndAmortization
|
6543000 | usd |
CY2023Q4 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
853000 | usd |
CY2024Q2 | ped |
Asset Retirement Costs
AssetRetirementCosts
|
998000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
107070000 | usd |
CY2024Q2 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
114277000 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
91593000 | usd |
CY2024Q2 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
91754000 | usd |
ped |
Capital Costs Incurred Recently Completed Wells
CapitalCostsIncurredRecentlyCompletedWells
|
6983000 | usd | |
ped |
Description Of Additional Paid
DescriptionOfAdditionalPaid
|
The Company also acquired approximately 407 net lease acres, in and around its existing footprint in the D-J Basin, through multiple transactions with total acquisition and due diligence costs of $240,000 | ||
CY2024Q2 | us-gaap |
Depletion
Depletion
|
4042000 | usd |
CY2023Q2 | us-gaap |
Depletion
Depletion
|
2690000 | usd |
us-gaap |
Depletion
Depletion
|
7207000 | usd | |
us-gaap |
Depletion
Depletion
|
5137000 | usd | |
CY2024Q2 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.100 | pure |
CY2024Q2 | ped |
Note In Current Assets
NoteInCurrentAssets
|
172000 | usd |
CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
1022000 | usd |
CY2024Q2 | ped |
Accrued Interest
AccruedInterest
|
71000 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
2313000 | usd |
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
499000 | usd | |
ped |
Changes In Estimates
ChangesInEstimates
|
145000 | usd | |
CY2024Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
2957000 | usd |
CY2023Q4 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
147000 | usd |
CY2024Q2 | ped |
Cureent Asset Retirement
CureentAssetRetirement
|
433000 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
10000 | usd | |
us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2027-02-28 | ||
ped |
Monthly Rent
MonthlyRent
|
9200 | usd | |
CY2024Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
14700 | usd |
CY2024Q2 | us-gaap |
Prepaid Rent
PrepaidRent
|
14700 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
55000 | usd | |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
271000 | usd |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
94000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
179000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
273000 | usd |
ped |
Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
|
P2Y8M12D | ||
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0790 | pure |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
56000 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
112000 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
115000 | usd |
CY2024Q2 | ped |
Lessee Operating Lease Liability Payments Due Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueThereafter
|
19000 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
302000 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
29000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
273000 | usd |
us-gaap |
Other Commitments Description
OtherCommitmentsDescription
|
In the D-J Basin, no net acres expire during the remainder of 2024, and 5,829 net acres expire within the next two-year period (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
|
2105000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
70000 | shares | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
70000 | shares |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
795000 | usd |
CY2024Q2 | ped |
Unamortized Stock Based Compensation Expense Restricted Stock Option
UnamortizedStockBasedCompensationExpenseRestrictedStockOption
|
1409000 | usd |
CY2023Q1 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
460000 | shares |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.6775 | |
CY2023Q1 | us-gaap |
Contract Termination Claims Description
ContractTerminationClaimsDescription
|
The options have a term of five years and fully vest in January 2027, with 33.3% vesting each subsequent year from the date of grant, contingent upon the recipient’s continued service with the Company | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
216000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
|
0.0404 | pure |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y6M | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.04 | pure |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
142000 | usd | |
CY2024Q2 | ped |
Intrinsic Value Of Outstanding And Exercisable Options
IntrinsicValueOfOutstandingAndExercisableOptions
|
0 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1632334 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.28 | |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P2Y9M18D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
460000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.68 | ||
ped |
Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
|
-256667 | shares | |
ped |
Share Based Compensation Arrangements By Share Based Payment Award Options Canceled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsCanceledInPeriodWeightedAverageExercisePrice
|
1.30 | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1835667 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.12 | |
ped |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2a
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2a
|
P2Y10M24D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
935667 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.35 | |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P1Y10M24D | ||
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2681000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1574000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3454000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3336000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89326805 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87040267 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89040322 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86881427 | shares | |
CY2024Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
CY2023Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89326805 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87040267 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89040322 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86881427 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
CY2024Q2 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1835667 | shares |
CY2023Q2 | ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1926001 | shares |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1835667 | shares | |
ped |
Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
|
1926001 | shares |