$RSRV
RESERVE PETROLEUM CO Stock $rsrv

$rsrv Overview Financials Valuation SEC Filings Company Website

2020 Q3 Form 10-Q Financial Statement

#000143774920023874 Filed on November 16, 2020

Income Statement

Concept	2020 Q3	2019 Q3	2019 Q2
Revenue	$1.197M	$1.277M	$1.927M
YoY Change	-6.25%	-41.09%	-26.92%
Cost Of Revenue	$432.4K	$549.5K	$625.1K
YoY Change	-21.31%	-2.55%	2.07%
Gross Profit	$764.5K	$727.3K	$1.302M
YoY Change	5.12%	-54.64%	-35.68%
Gross Profit Margin	63.87%	56.96%	67.56%
Selling, General & Admin	$376.9K	$403.3K	$403.7K
YoY Change	-6.57%	21.69%	-3.89%
% of Gross Profit	49.29%	55.46%	31.0%
Research & Development	$77.80K	$15.68K	$41.65K
YoY Change	396.17%	-65.31%	-30.58%
% of Gross Profit	10.18%	2.16%	3.2%
Depreciation & Amortization	$146.5K	$281.7K	$249.4K
YoY Change	-48.01%	-11.07%	-60.42%
% of Gross Profit	19.16%	38.73%	19.15%
Operating Expenses	$601.1K	$700.7K	$1.387M
YoY Change	-14.21%	-44.27%	-19.38%
Operating Profit	-$943.2K	-$273.4K	$540.7K
YoY Change	244.94%	-130.05%	-41.04%
Interest Expense	$64.21K	$16.65K	$119.0K
YoY Change	285.65%	-75.99%	1089.6%
% of Operating Profit			22.0%
Other Income/Expense, Net	$94.46K	$11.54K	$11.54K
YoY Change	718.56%	-3.38%	-3.25%
Pretax Income	-$868.0K	-$244.2K	$663.2K
YoY Change	255.46%	-124.92%	-56.77%
Income Tax	-$131.0K	-$64.66K	-$59.41K
% Of Pretax Income			-8.96%
Net Earnings	-$737.0K	-$179.5K	$722.6K
YoY Change	310.52%	-119.92%	-47.74%
Net Earnings / Revenue	-61.58%	-14.06%	37.49%
Basic Earnings Per Share
Diluted Earnings Per Share	-$4.706M	-$1.146M	$4.610M
COMMON SHARES
Basic Shares Outstanding		156.6K
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q3	2019 Q3	2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$19.43M	$22.20M	$21.72M
YoY Change	-12.47%	-1.45%	-0.19%
Cash & Equivalents	$17.92M	$2.449M	$2.537M
Short-Term Investments	$1.515M	$19.75M	$19.18M
Other Short-Term Assets		$471.8K	$428.4K
YoY Change
Inventory
Prepaid Expenses
Receivables	$650.4K	$854.8K	$1.126M
Other Receivables	$396.7K	$195.4K	$218.2K
Total Short-Term Assets	$21.26M	$24.21M	$24.03M
YoY Change	-12.2%	-1.0%	0.53%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.921M	$11.02M	$11.30M
YoY Change	-28.13%	0.07%	4.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$672.8K	$716.5K	$805.8K
YoY Change	-6.11%	-24.83%	-16.16%
Other Assets	$139.5K
YoY Change
Total Long-Term Assets	$11.13M	$13.43M	$13.80M
YoY Change	-17.11%	-1.63%	2.41%
TOTAL ASSETS
Total Short-Term Assets	$21.26M	$24.21M	$24.03M
Total Long-Term Assets	$11.13M	$13.43M	$13.80M
Total Assets	$32.39M	$37.65M	$37.83M
YoY Change	-13.95%	-1.23%	1.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$140.5K	$213.1K	$174.7K
YoY Change	-34.08%	30.81%	-45.12%
Accrued Expenses
YoY Change
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	$203.7K	$290.9K	$253.0K
YoY Change	-29.96%	28.89%	-31.36%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$1.995M	$2.907M	$2.898M
YoY Change	-31.39%	-2.76%	27.1%
Total Long-Term Liabilities	$2.653M	$4.086M	$4.129M
YoY Change	-35.06%	0.69%	1.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$203.7K	$290.9K	$253.0K
Total Long-Term Liabilities	$2.653M	$4.086M	$4.129M
Total Liabilities	$2.857M	$4.377M	$4.382M
YoY Change	-34.72%	2.18%	-0.82%
SHAREHOLDERS EQUITY
Retained Earnings	$31.07M	$34.80M	$34.98M
YoY Change	-10.72%	-1.31%	1.8%
Common Stock	$157.4K	$157.4K	$157.4K
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.690M	$1.690M	$1.690M
YoY Change	0.0%	6.2%	8.48%
Treasury Stock Shares
Shareholders Equity	$29.54M	$33.27M	$33.45M
YoY Change
Total Liabilities & Shareholders Equity	$32.39M	$37.65M	$37.83M
YoY Change	-13.95%	-1.23%	1.2%

Cashflow Statement

Concept	2020 Q3	2019 Q3	2019 Q2
OPERATING ACTIVITIES
Net Income	-$737.0K	-$179.5K	$722.6K
YoY Change	310.52%	-119.92%	-47.74%
Depreciation, Depletion And Amortization	$146.5K	$281.7K	$249.4K
YoY Change	-48.01%	-11.07%	-60.42%
Cash From Operating Activities	$80.86K	$680.6K	$801.5K
YoY Change	-88.12%	-60.47%	-9.94%
INVESTING ACTIVITIES
Capital Expenditures	-$1.277M	-$246.4K	-$688.6K
YoY Change	418.22%	-72.75%	3342.95%
Acquisitions
YoY Change
Other Investing Activities	$4.531M	-$518.9K	$502.7K
YoY Change	-973.16%	-79.05%	-8.61%
Cash From Investing Activities	$3.254M	-$765.3K	-$185.9K
YoY Change	-525.15%	-77.36%	-135.08%
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	-2.580K	-1.105M
YoY Change	-100.0%	-94.78%	45.35%
NET CHANGE
Cash From Operating Activities	80.86K	680.6K	801.5K
Cash From Investing Activities	3.254M	-765.3K	-185.9K
Cash From Financing Activities	0.000	-2.580K	-1.105M
Net Change In Cash	3.335M	-87.31K	-489.0K
YoY Change	-3919.44%	-94.89%	-174.1%
FREE CASH FLOW
Cash From Operating Activities	$80.86K	$680.6K	$801.5K
Capital Expenditures	-$1.277M	-$246.4K	-$688.6K
Free Cash Flow	$1.358M	$927.1K	$1.490M
YoY Change	46.48%	-64.7%	63.75%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2020Q3	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid
CY2019Q3	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid
	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	5
	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	7
	rsrv	Change In Present Value Percent ChangeInPresentValuePercent	0.0325
	rsrv	Current Year Inflation Rate CurrentYearInflationRate	0.0408
	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	2418898
CY2020Q3	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	153894
CY2019Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	186836
CY2020Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	140499
CY2019Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	156768
CY2020Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	650408
CY2019Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	968382
CY2020Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	312834
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	279892
CY2020Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2019Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2019Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1821527
CY2020Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1855957
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	34237
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	4206
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	4013
CY2020Q3	us-gaap	Assets Assets	32394126
CY2019Q4	us-gaap	Assets Assets	35724295
CY2020Q3	us-gaap	Assets Current AssetsCurrent	21260258
CY2019Q4	us-gaap	Assets Current AssetsCurrent	22879704
CY2020Q3	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	1515234
CY2019Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	18517910
	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:2.15pt;margin-top:0pt;text-align:left;">Note <div style="display: inline; font-style: italic; font: inherit;">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:2.15pt;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: inherit;"> December </div><div style="display: inline; font-style: italic; font: inherit;">31,</div> <div style="display: inline; font-style: italic; font: inherit;">2019,</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: inherit;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font: inherit;"> December </div><div style="display: inline; font-style: italic; font: inherit;">31,</div> <div style="display: inline; font-style: italic; font: inherit;">2019</div> as filed with the Securities and Exchange Commission (hereinafter, the <div style="display: inline; font-style: italic; font: inherit;">“2019</div> Form <div style="display: inline; font-style: italic; font: inherit;">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: inherit;">not</div> necessarily indicative of the operating results for the full year.</div></div>
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17917425
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2738338
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2738338
CY2020Q3	us-gaap	Costs And Expenses CostsAndExpenses	2140105
CY2019Q3	us-gaap	Costs And Expenses CostsAndExpenses	1550222
	us-gaap	Costs And Expenses CostsAndExpenses	5659498
	us-gaap	Costs And Expenses CostsAndExpenses	4186465
CY2020Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-202801
CY2020Q3	us-gaap	Dividends Common Stock DividendsCommonStock
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	6428499
CY2020Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	17917425
CY2019Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2449270
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	15179087
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3979229
CY2020Q3	us-gaap	Common Stock Value CommonStockValue	92368
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	92368
CY2020Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	288799
CY2019Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	278006
CY2020Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	432403
CY2019Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	549478
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1370699
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1733325
CY2019Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-12409
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-188592
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	66285
CY2020Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	71818
CY2019Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-52254
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-258594
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-31524
CY2020Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	658771
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	917365
CY2019Q3	us-gaap	Dividends Common Stock DividendsCommonStock
	us-gaap	Dividends Common Stock DividendsCommonStock	783077
	us-gaap	Dividends Common Stock DividendsCommonStock	1096730
CY2020Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	138625
CY2019Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	676148
CY2020Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-4.71
CY2019Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-1.15
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-11.54
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	5.58
CY2020Q3	us-gaap	Equity Method Investments EquityMethodInvestments	672757
CY2019Q4	us-gaap	Equity Method Investments EquityMethodInvestments	744798
CY2020Q3	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	780509
CY2019Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	545075
CY2020Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	85724
CY2019Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-50791
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	235113
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	37111
CY2019Q3	us-gaap	Interest Income Other InterestIncomeOther	123832
	us-gaap	Interest Income Other InterestIncomeOther	145282
	us-gaap	Interest Income Other InterestIncomeOther	412946
CY2020Q3	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	5860
CY2019Q3	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	5618
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	22274
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	8008
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	26100
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	25200
CY2020Q3	us-gaap	Exploration Expense ExplorationExpense	77803
CY2019Q3	us-gaap	Exploration Expense ExplorationExpense	15684
	us-gaap	Exploration Expense ExplorationExpense	152973
	us-gaap	Exploration Expense ExplorationExpense	60549
CY2020Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	5072
CY2019Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	6959
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	19025
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	9422
CY2020Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	376855
CY2019Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	403344
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1265858
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1259873
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-868031
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-244201
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2254322
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	910180
CY2020Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-19325
CY2019Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-44849
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-57839
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-140573
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-130983
CY2019Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-64663
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-447186
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	34761
CY2020Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	298595
CY2019Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	109999
CY2020Q3	us-gaap	Interest Income Other InterestIncomeOther	9380
CY2020Q3	us-gaap	Liabilities Liabilities	2857095
CY2019Q4	us-gaap	Liabilities Liabilities	3597051
CY2020Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	32394126
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	35724295
CY2020Q3	us-gaap	Liabilities Current LiabilitiesCurrent	203742
CY2019Q4	us-gaap	Liabilities Current LiabilitiesCurrent	182011
CY2020Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2653353
CY2019Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3415040
CY2020Q3	us-gaap	Long Term Investments LongTermInvestments	3072971
CY2019Q4	us-gaap	Long Term Investments LongTermInvestments	2643145
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-783077
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1177247
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	15088280
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4976622
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	873884
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2174640
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	-737048
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	-179538
	us-gaap	Net Income Loss NetIncomeLoss	-1807136
	us-gaap	Net Income Loss NetIncomeLoss	875419
CY2020Q3	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	98087
CY2019Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent
CY2020Q3	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	50445736
CY2019Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	47852157
CY2020Q3	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	58213214
CY2019Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	57179719
CY2020Q3	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	7767478
CY2019Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	9327562
CY2020Q3	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1855957
CY2019Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1821527
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-943168
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-273430
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2583447
	us-gaap	Operating Income Loss OperatingIncomeLoss	617884
CY2020Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	803
CY2019Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	2031
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	83024
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	91379
CY2020Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	139525
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	687048
CY2020Q3	us-gaap	Other Expenses OtherExpenses	11574
CY2019Q3	us-gaap	Other Expenses OtherExpenses	11540
	us-gaap	Other Expenses OtherExpenses	34730
	us-gaap	Other Expenses OtherExpenses	34618
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	466728
CY2020Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7921372
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9514398
CY2020Q3	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	55237369
CY2019Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	54451862
CY2020Q3	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	1253044
CY2019Q3	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	581716
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	2869968
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	1132718
CY2020Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	31069956
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	33660169
CY2020Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	63243
CY2019Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	25243
CY2020Q3	us-gaap	Other Long Term Investments OtherLongTermInvestments	2400214
CY2019Q4	us-gaap	Other Long Term Investments OtherLongTermInvestments	1898347
CY2020Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	75137
CY2019Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29229
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	329125
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	292296
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	92676
	us-gaap	Payments Of Dividends PaymentsOfDividends	783077
	us-gaap	Payments Of Dividends PaymentsOfDividends	1084571
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	8079535
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	25677995
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1441743
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1505293
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	512415
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	3733
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	24750
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	24750
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	25082211
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	22176226
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	15012
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	9423
CY2020Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	466728
CY2020Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1196134
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1274761
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2993027
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	4712970
	us-gaap	Revenues Revenues	4804349
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	30274079
CY2020Q3	us-gaap	Revenues Revenues	1196937
CY2019Q3	us-gaap	Revenues Revenues	1276792
	us-gaap	Revenues Revenues	3076051
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	29537031
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	33449301
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	33269426
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	32127244
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	33583413
CY2020Q3	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	31227324
CY2019Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	33817537
CY2020Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	29537031
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32127244
CY2020Q3	us-gaap	Treasury Stock Value TreasuryStockValue	1690293
CY2019Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1690293
CY2020Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod
CY2019Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	337
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	92676
CY2020Q3	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2975845
CY2019Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2727857
CY2020Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156615
CY2019Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156617
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156615
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156820

Files In Submission

Name	View Source	Status
0001437749-20-023874-index-headers.html	Edgar Link	pending
0001437749-20-023874-index.html	Edgar Link	pending
0001437749-20-023874.txt	Edgar Link	pending
0001437749-20-023874-xbrl.zip	Edgar Link	pending
ex_212357.htm	Edgar Link	pending
ex_212358.htm	Edgar Link	pending
ex_212359.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
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
rsrv-20200930.xml	Edgar Link	completed
rsrv-20200930.xsd	Edgar Link	pending
rsrv-20200930_cal.xml	Edgar Link	unprocessable
rsrv-20200930_def.xml	Edgar Link	unprocessable
rsrv-20200930_lab.xml	Edgar Link	unprocessable
rsrv-20200930_pre.xml	Edgar Link	unprocessable
rsrv20200930_10q.htm	Edgar Link	pending
Show.js	Edgar Link	pending

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$RSRV
RESERVE PETROLEUM CO Stock $rsrv

2020 Q3 Form 10-Q Financial Statement

#000143774920023874 Filed on November 16, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV RESERVE PETROLEUM CO Stock $rsrv

2020 Q3 Form 10-Q Financial Statement

#000143774920023874 Filed on November 16, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV
RESERVE PETROLEUM CO Stock $rsrv