$RSRV
RESERVE PETROLEUM CO Stock $rsrv

$rsrv Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000143774918009853 Filed on May 15, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$1.725M	$1.581M
YoY Change	9.08%	51.04%
Cost Of Revenue	$606.8K	$526.7K
YoY Change	15.2%	-0.62%
Gross Profit	$1.118M	$1.055M
YoY Change	6.03%	102.84%
Gross Profit Margin	64.83%	66.7%
Selling, General & Admin	$450.0K	$390.0K
YoY Change	15.38%	-9.3%
% of Gross Profit	40.24%	36.97%
Research & Development	$80.00K	$150.0K
YoY Change	-46.67%	50.0%
% of Gross Profit	7.15%	14.22%
Depreciation & Amortization	$330.0K	$450.0K
YoY Change	-26.67%	-10.0%
% of Gross Profit	29.51%	42.66%
Operating Expenses	$1.461M	$1.509M
YoY Change	-3.18%	-27.04%
Operating Profit	$263.9K	$72.24K
YoY Change	265.25%	-107.07%
Interest Expense	$70.00K	$60.00K
YoY Change	16.67%	20.0%
% of Operating Profit	26.53%	83.05%
Other Income/Expense, Net	$11.93K	$11.79K
YoY Change	1.14%	-0.52%
Pretax Income	$354.3K	$597.6K
YoY Change	-40.72%	-162.58%
Income Tax	$83.67K	$70.08K
% Of Pretax Income	23.62%	11.73%
Net Earnings	$270.6K	$527.5K
YoY Change	-48.7%	-184.96%
Net Earnings / Revenue	15.69%	33.35%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.688M	$3.313M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$21.05M	$22.21M
YoY Change	-5.22%	0.69%
Cash & Equivalents	$4.683M	$8.769M
Short-Term Investments	$16.37M	$13.44M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$843.1K	$704.6K
Other Receivables	$570.0K	$470.0K
Total Short-Term Assets	$23.05M	$23.90M
YoY Change	-3.53%	1.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.12M	$10.95M
YoY Change	1.51%	-7.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$992.6K	$2.720M
YoY Change	-63.51%	46.24%
Other Assets
YoY Change
Total Long-Term Assets	$13.79M	$13.67M
YoY Change	0.88%	-0.12%
TOTAL ASSETS
Total Short-Term Assets	$23.05M	$23.90M
Total Long-Term Assets	$13.79M	$13.67M
Total Assets	$36.85M	$37.57M
YoY Change	-1.93%	1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$389.2K	$253.9K
YoY Change	53.32%	12.89%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$427.0K	$291.4K
YoY Change	46.5%	14.65%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.970M	$2.990M
YoY Change	-0.67%	0.67%
Total Long-Term Liabilities	$4.039M	$4.499M
YoY Change	-10.24%	4.28%
TOTAL LIABILITIES
Total Short-Term Liabilities	$427.0K	$291.4K
Total Long-Term Liabilities	$4.039M	$4.499M
Total Liabilities	$4.466M	$4.791M
YoY Change	-6.79%	4.86%
SHAREHOLDERS EQUITY
Retained Earnings	$33.77M	$34.13M
YoY Change	-1.06%	0.81%
Common Stock	$157.4K	$157.4K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.546M	$1.507M
YoY Change	2.56%	3.63%
Treasury Stock Shares
Shareholders Equity	$32.38M	$32.78M
YoY Change
Total Liabilities & Shareholders Equity	$36.85M	$37.57M
YoY Change	-1.93%	1.19%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$270.6K	$527.5K
YoY Change	-48.7%	-184.96%
Depreciation, Depletion And Amortization	$330.0K	$450.0K
YoY Change	-26.67%	-10.0%
Cash From Operating Activities	$845.6K	$1.118M
YoY Change	-24.34%	220.17%
INVESTING ACTIVITIES
Capital Expenditures	-$820.0K	-$440.0K
YoY Change	86.36%	-37.14%
Acquisitions
YoY Change
Other Investing Activities	-$50.00K	$40.00K
YoY Change	-225.0%	300.0%
Cash From Investing Activities	-$867.3K	-$402.5K
YoY Change	115.49%	-41.67%
FINANCING ACTIVITIES
Cash Dividend Paid	$50.22K	$7.322K
YoY Change	585.91%	-94.43%
Common Stock Issuance & Retirement, Net	$12.95K	$10.26K
YoY Change	26.23%	-77.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-63.18K	-17.58K
YoY Change	259.28%	-90.11%
NET CHANGE
Cash From Operating Activities	845.6K	1.118M
Cash From Investing Activities	-867.3K	-402.5K
Cash From Financing Activities	-63.18K	-17.58K
Net Change In Cash	-84.85K	697.6K
YoY Change	-112.16%	-234.48%
FREE CASH FLOW
Cash From Operating Activities	$845.6K	$1.118M
Capital Expenditures	-$820.0K	-$440.0K
Free Cash Flow	$1.666M	$1.558M
YoY Change	6.93%	48.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	829824
CY2018Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	261047
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	253239
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	235007
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	843068
CY2018Q1	rsrv	Change In Present Value Percent ChangeInPresentValuePercent	0.0325
CY2018Q1	rsrv	Current Year Inflation Rate CurrentYearInflationRate	0.0408
CY2018Q1	rsrv	Gain Loss On Trading Securities GainLossOnTradingSecurities	28724
CY2017Q1	rsrv	Gain Loss On Trading Securities GainLossOnTradingSecurities	42872
CY2018Q1	rsrv	Income Tax Reconciliation Deductions Allowable Depletion IncomeTaxReconciliationDeductionsAllowableDepletion	0
CY2018Q1	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	195742
CY2017Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	151017
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	389207
CY2018Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2018Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	11785
CY2018Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	5408
CY2018Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled
CY2018Q1	us-gaap	Assets Assets	36845326
CY2017Q4	us-gaap	Assets Assets	36303600
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4767810
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8071854
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8769450
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-84852
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	697596
CY2017Q4	us-gaap	Equity Method Investments EquityMethodInvestments	991094
CY2018Q1	us-gaap	Exploration Expense ExplorationExpense	77645
CY2017Q1	us-gaap	Exploration Expense ExplorationExpense	149506
CY2018Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	1215
CY2018Q1	us-gaap	Assets Current AssetsCurrent	23054755
CY2017Q4	us-gaap	Assets Current AssetsCurrent	23030944
CY2018Q1	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	16371544
CY2017Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	16371544
CY2018Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.8pt;margin-top:0pt;text-align:left;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div> – BASIS OF PRESENTATION</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;">The accompanying balance sheet as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017,</div> which has been derived from audited financial statements, the unaudited interim financial statements and these notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain disclosures normally included in financial statements prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. The accompanying financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> as filed with the Securities and Exchange Commission (hereinafter, the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">“2017</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K”).</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;">In the opinion of management, the accompanying financial statements reflect all adjustments (consisting only of normal recurring accruals), which are necessary for a fair statement of the results of the interim periods presented. The results of operations for the current interim periods are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of the operating results for the full year.</div></div>
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4682958
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	92368
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	92368
CY2018Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	264543
CY2017Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	208619
CY2018Q1	us-gaap	Cost Method Investments CostMethodInvestments	1682031
CY2017Q4	us-gaap	Cost Method Investments CostMethodInvestments	1633300
CY2018Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	606767
CY2017Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	526699
CY2018Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-65904
CY2017Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	72427
CY2018Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	149574
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2348
CY2018Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1067624
CY2017Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	918050
CY2018Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1179267
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1228648
CY2018Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.72
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	3.34
CY2018Q1	us-gaap	Equity Method Investments EquityMethodInvestments	992579
CY2017Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	15591
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	450534
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	385430
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	354264
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	597573
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1485
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	14363
CY2017Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	175000
CY2018Q1	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	45720904
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	83670
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70079
CY2018Q1	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	0
CY2018Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	392737
CY2017Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	326830
CY2018Q1	us-gaap	Interest Income Other InterestIncomeOther	53617
CY2017Q1	us-gaap	Interest Income Other InterestIncomeOther	18096
CY2018Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	17284
CY2017Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	446199
CY2018Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	2674610
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	2624394
CY2018Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	7500
CY2017Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	7500
CY2018Q1	us-gaap	Liabilities Liabilities	4465668
CY2017Q4	us-gaap	Liabilities Liabilities	4181582
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	36845326
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	36303600
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	426950
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	260250
CY2018Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	4038718
CY2017Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3921332
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-63176
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-17584
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-867325
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-402494
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	845649
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1117674
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	270594
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	527494
CY2018Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	175000
CY2017Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	45335894
CY2018Q1	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	56641123
CY2017Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	55833139
CY2018Q1	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	10920219
CY2017Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	10497245
CY2017Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1774634
CY2018Q1	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1791827
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	1461278
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	1509233
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	263865
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	72243
CY2018Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	145862
CY2017Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue
CY2018Q1	us-gaap	Other Expenses OtherExpenses	11926
CY2017Q1	us-gaap	Other Expenses OtherExpenses	11791
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	37743
CY2017Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	25243
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	90399
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	525330
CY2018Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	48731
CY2017Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-24750
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	12954
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10262
CY2018Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	50222
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	7322
CY2018Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	818594
CY2017Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	443742
CY2018Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment
CY2017Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	16498
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	456789
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	404256
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11115961
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10648262
CY2018Q1	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	54369717
CY2017Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	53536453
CY2018Q1	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	326332
CY2017Q1	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	447598
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	33768057
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	33497463
CY2018Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1579281
CY2017Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1581476
CY2018Q1	us-gaap	Revenues Revenues	1725143
CY2017Q1	us-gaap	Revenues Revenues	1581476
CY2018Q1	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	33925425
CY2017Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	33654831
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32379658
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32122018
CY2018Q1	us-gaap	Trading Securities Equity TradingSecuritiesEquity	589448
CY2017Q4	us-gaap	Trading Securities Equity TradingSecuritiesEquity	559936
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	1545767
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1532813
CY2018Q1	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2271406
CY2017Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2296686
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157623
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157880

Files In Submission

Name	View Source	Status
0001437749-18-009853-index-headers.html	Edgar Link	pending
0001437749-18-009853-index.html	Edgar Link	pending
0001437749-18-009853.txt	Edgar Link	pending
0001437749-18-009853-xbrl.zip	Edgar Link	pending
ex_113310.htm	Edgar Link	pending
ex_113311.htm	Edgar Link	pending
ex_113312.htm	Edgar Link	pending
ex_113868.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
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$RSRV
RESERVE PETROLEUM CO Stock $rsrv

2018 Q1 Form 10-Q Financial Statement

#000143774918009853 Filed on May 15, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV RESERVE PETROLEUM CO Stock $rsrv

2018 Q1 Form 10-Q Financial Statement

#000143774918009853 Filed on May 15, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV
RESERVE PETROLEUM CO Stock $rsrv