2023 Q2 Form 10-K Financial Statement

#000149315223022824 Filed on June 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $195.9K -$1.911M $1.104M
YoY Change 183018.69% -360709.43% -78.12%
Cost Of Revenue $423.0K -$339.2K $6.958M
YoY Change 11448.18% -5155.74%
Gross Profit -$227.1K -$1.572M -$5.854M
YoY Change 6285.55% 25336.73%
Gross Profit Margin -115.89% -530.31%
Selling, General & Admin $2.815M $6.729M $6.315M
YoY Change 2866.88% 4038.72% 58.14%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $317.6K -$217.9K $6.188M
YoY Change 151120.95% -103861.9% -0.48%
% of Gross Profit
Operating Expenses $2.815M -$2.034M $6.315M
YoY Change 2087.61% -1350.99% 58.14%
Operating Profit -$8.686M $461.9K -$31.48M
YoY Change 6469.52% -373.68% 252.53%
Interest Expense $39.58K -$4.700M $56.01K
YoY Change
% of Operating Profit -1017.66%
Other Income/Expense, Net -$6.481M $6.530K -$11.38M
YoY Change -667.37%
Pretax Income -$15.17M -$15.22M -$42.86M
YoY Change 11371.45% 9176.94% 519.11%
Income Tax -$2.940K
% Of Pretax Income
Net Earnings -$15.17M -$15.22M -$43.09M
YoY Change 11425.5% 9174.98% 522.44%
Net Earnings / Revenue -7740.69% -3903.17%
Basic Earnings Per Share -$1.49 -$4.85
Diluted Earnings Per Share -$1.49 -$1.59 -$4.85
COMMON SHARES
Basic Shares Outstanding 10.33M shares 10.17M shares 8.899M shares
Diluted Shares Outstanding 10.21M shares 8.899M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.00 $827.8K $827.8K
YoY Change -98.75% 490.27%
Cash & Equivalents $252.6K $827.8K $827.8K
Short-Term Investments
Other Short-Term Assets $523.1K $334.3K $334.3K
YoY Change 907.59% 365.8%
Inventory $21.78K $16.82K $16.82K
Prepaid Expenses
Receivables $1.216M $2.453M $2.453M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.761M $3.632M $3.632M
YoY Change 1294.33% 1613.19%
LONG-TERM ASSETS
Property, Plant & Equipment $3.272M $3.251M $8.057M
YoY Change 260434.55% 221689.36%
Goodwill $5.918M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $592.0K $630.5K $630.5K
YoY Change 4171.89%
Total Long-Term Assets $9.313M $8.688M $8.688M
YoY Change 594939.45%
TOTAL ASSETS
Total Short-Term Assets $1.761M $3.632M $3.632M
Total Long-Term Assets $9.313M $8.688M $8.688M
Total Assets $11.07M $12.32M $12.32M
YoY Change 8581.41% 5671.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.317M $3.501M $3.501M
YoY Change 338.15%
Accrued Expenses $378.9K $406.7K $514.8K
YoY Change 240.02%
Deferred Revenue
YoY Change
Short-Term Debt $762.4K $972.8K $972.8K
YoY Change
Long-Term Debt Due $118.0K $105.0K $136.6K
YoY Change
Total Short-Term Liabilities $33.74M $23.60M $23.60M
YoY Change 48221.59% 100311.18%
LONG-TERM LIABILITIES
Long-Term Debt $250.5K $208.0K $321.7K
YoY Change
Other Long-Term Liabilities $1.495M $1.466M $1.466M
YoY Change
Total Long-Term Liabilities $1.850M $1.788M $1.788M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $33.74M $23.60M $23.60M
Total Long-Term Liabilities $1.850M $1.788M $1.788M
Total Liabilities $35.59M $25.38M $28.63M
YoY Change 50871.86% 113324.41%
SHAREHOLDERS EQUITY
Retained Earnings -$74.94M -$59.77M
YoY Change 1659.83% 258.35%
Common Stock $1.034K $1.017K
YoY Change -99.98% -99.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$27.76M -$16.31M -$16.31M
YoY Change
Total Liabilities & Shareholders Equity $11.07M $12.32M $12.32M
YoY Change 8581.41% 5671.36%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$15.17M -$15.22M -$43.09M
YoY Change 11425.5% 9174.98% 522.44%
Depreciation, Depletion And Amortization $317.6K -$217.9K $6.188M
YoY Change 151120.95% -103861.9% -0.48%
Cash From Operating Activities -$2.775M -$1.260M -$7.683M
YoY Change 2499.19% 506.9% 1515.63%
INVESTING ACTIVITIES
Capital Expenditures $899.0K $4.018M $5.115M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $214.2K $1.000M
YoY Change 462.06%
Cash From Investing Activities -$899.0K -$3.804M -$4.115M
YoY Change -10081.95% -802.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.618M
YoY Change
Cash From Financing Activities $3.098M 4.676M $12.37M
YoY Change -11388.4%
NET CHANGE
Cash From Operating Activities -$2.775M -1.260M -$7.683M
Cash From Investing Activities -$899.0K -3.804M -$4.115M
Cash From Financing Activities $3.098M 4.676M $12.37M
Net Change In Cash -$575.2K -387.7K $576.7K
YoY Change 438.79% 90440.03%
FREE CASH FLOW
Cash From Operating Activities -$2.775M -$1.260M -$7.683M
Capital Expenditures $899.0K $4.018M $5.115M
Free Cash Flow -$3.674M -$5.278M -$12.80M
YoY Change 3341.34% 2442.42%

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333-192060
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White River Energy Corp
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NV
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45-3797537
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609 W. Dickson St.
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Fayetteville
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AR
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72701
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203-5610
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MaloneBailey LLP
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CY2023 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
4126005 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
303500 usd
CY2023 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
200000 usd
CY2023 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
200000 usd
CY2022 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
5032 usd
CY2023 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
999999 usd
CY2022 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
906274 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
988753 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
22032 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4114759 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
585774 usd
CY2023 us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
-27918 usd
CY2022 us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
-109618 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-542750 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1725000 usd
CY2023 WTRV Proceeds From Limited Partnership Investment
ProceedsFromLimitedPartnershipInvestment
3250000 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
5146816 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1485000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1617608 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
44417 usd
CY2023 WTRV Proceeds From Acquisition
ProceedsFromAcquisition
3000000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12374123 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-109618 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
576740 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
637 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
251050 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
250413 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
827790 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
251050 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
29719 usd
CY2023 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
46157 usd
CY2023 WTRV Bifrucation Of Derivative Liability From Convertible Note
BifrucationOfDerivativeLiabilityFromConvertibleNote
923956 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
189705 usd
CY2023 WTRV Fixed Assets Acquired For Notes Payable And Longterm Debt
FixedAssetsAcquiredForNotesPayableAndLongtermDebt
1865539 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
505000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
42253521 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
30000000 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
205.8726308 shares
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
5146816 usd
CY2023 WTRV Goodwill Impairment
GoodwillImpairment
5917843 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
650562 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zDYaqpNgcMMg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86C_zoZHHM3vjKUg">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has reclassified certain amounts in the March 31, 2022 consolidated financial statements to be consistent with the March 31, 2023 presentation. These changes had no impact on the Company’s financial position or result of operations for the periods presented. In addition, we had reclassifications related to the retroactive treatment of certain liabilities and equity items which are reflected by asterisks in the consolidated financial statements that had no impact on our net income (loss).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_z4i19X5vZGC" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 9.35pt; text-align: justify; text-indent: -9.35pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_z9S7sY6Obsbj">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates include, but are not limited to, management’s estimate of provisions required for uncollectible accounts receivable, cost allocation percentages, impaired value of equipment and intangible assets, including goodwill, asset retirement obligations, estimates of discount rates in lease, liabilities to accrue, fair value of derivative liabilities associated with warrants and conversion options, cost incurred in the satisfaction of performance obligations, permanent and temporary differences related to income taxes and determination of the fair value of stock awards.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The estimates of proved, probable and possible oil and gas reserves are used as significant inputs in determining the depletion of oil and gas properties and the impairment of proved and unproved oil and gas properties. There are numerous uncertainties inherent in the estimation of quantities of proven, probable and possible reserves and in the projection of future rates of production and the timing of development expenditures. Similarly, evaluations for impairment of proved and unproved oil and gas properties are subject to numerous uncertainties including, among others, estimates of future recoverable reserves and commodity price outlooks. Actual results could differ from the estimates and assumptions utilized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2023 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
5868205 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
6029132 usd
CY2023 WTRV Percentage Of Present Value Discounted
PercentageOfPresentValueDiscounted
0.10 pure
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
5487665 usd
CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-43089977 usd
CY2023 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p id="xdx_843_eus-gaap--DerivativesReportingOfDerivativeActivity_zsvuazEIxq73" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zlDcNfsROwbh">Derivative Financial Instruments</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. Management evaluates all of the Company’s financial instruments, including warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. The Company generally uses a Black-Scholes model, as applicable, to value the derivative instruments at inception and subsequent valuation dates when needed. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-measured at the end of each reporting period. The Black-Scholes model is used to estimate the fair value of the derivative liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-4.85
CY2023 us-gaap Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
3000000 usd
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
5964000 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8400000 shares
CY2022Q3 us-gaap Share Price
SharePrice
0.71
CY2022Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
4 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5046559 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-6922753 usd
CY2023 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1103975 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3517159 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
654116 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
265727 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57652 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3251432 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
596464 usd
CY2023 us-gaap Depreciation
Depreciation
200580 usd
CY2022 us-gaap Depreciation
Depreciation
33438 usd
CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
6496427 usd
CY2022Q1 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
5520542 usd
CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
5211250 usd
CY2022Q1 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
3225527 usd
CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
1285177 usd
CY2022Q1 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
2295015 usd
CY2023 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
5868205 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
6029132 usd
CY2023 WTRV Asset Retirement Obligation Disposition Due To Sale Of Property
AssetRetirementObligationDispositionDueToSaleOfProperty
-684679 usd
CY2022 WTRV Asset Retirement Obligation Disposition Due To Sale Of Property
AssetRetirementObligationDispositionDueToSaleOfProperty
-383450 usd
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1303751 usd
CY2021Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1531589 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
119518 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
155612 usd
CY2023 WTRV Asset Retirement Obligation Disposition Due To Sale Of Property
AssetRetirementObligationDispositionDueToSaleOfProperty
-684679 usd
CY2022 WTRV Asset Retirement Obligation Disposition Due To Sale Of Property
AssetRetirementObligationDispositionDueToSaleOfProperty
-383450 usd
CY2023 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
13428 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
711913 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1463931 usd
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1303751 usd
CY2023 WTRV Percentage Of Discounted
PercentageOfDiscounted
0.08 pure
CY2022 WTRV Percentage Of Discounted
PercentageOfDiscounted
0.08 pure
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
312996 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
104950 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
208046 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0750 pure
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
25000 usd
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
1540065 usd
CY2022Q4 WTRV Termination Fee
TerminationFee
65065 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
104950 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
106045 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
81946 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
14435 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
5620 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
312996 usd
CY2023 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
13053 usd
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
0 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12 pure
CY2022Q4 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.18 pure
CY2022Q4 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.18 pure
CY2023 us-gaap Interest Expense
InterestExpense
56010 usd
CY2023 WTRV Accured Expenses
AccuredExpenses
39343 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.13 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.97 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0360 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0494 pure
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10483371 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12304724 usd
CY2023 WTRV Bifrucation Of Derivative Liability From Convertible Note
BifrucationOfDerivativeLiabilityFromConvertibleNote
923956 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2745309 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10483371 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2745309 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2954109 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
505000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
1666667 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
100000 shares
CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 usd
CY2022Q3 WTRV Description Of Restricted Shares Of Common Stock
DescriptionOfRestrictedSharesOfCommonStock
None of the 17,450,000 restricted shares of common stock have been issued by the transfer agent as of November 30, 2022, and on November 15, 2022, 25,000 of these service-based shares were cancelled as the employee terminated their employment prior to any issuance or vesting of those shares. None of the shares have vested
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
225000 usd
CY2023 WTRV Allocated Share Based Compensation Expense Unrecognized
AllocatedShareBasedCompensationExpenseUnrecognized
14236391 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
17425000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.91
CY2023 WTRV Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodTotalFairValue
P5Y11M12D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue
1568250
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
17425000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.91
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y11M12D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
1568250
CY2023 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
The lower of (i) $1.00 and (ii) an amount equal to 80% of the 30-day VWAP of the common stock as reported on the Principal Market
CY2023Q1 WTRV Warrant Outstanding
WarrantOutstanding
0.25 pure
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
10293632 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.00
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
10628 shares
CY2021Q1 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
16.625
CY2022 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm
P1Y5M12D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
10628 shares
CY2022Q1 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
16.625
CY2022 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term1
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm1
P0Y5M12D
CY2022Q1 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
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10628 shares
CY2022Q1 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
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16.625
CY2022 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageRemainingContractualTerm
P0Y5M12D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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10628 shares
CY2022Q1 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
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CY2023 WTRV Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term
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P0Y5M12D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
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P0Y5M12D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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P4Y7M2D
CY2023 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
For the expected term of the lease the Company used the initial terms ranging between 36 and 48 months
CY2023Q1 WTRV Unamortized Operating Lease Right Of Use Asset
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CY2023Q1 us-gaap Finance Lease Right Of Use Asset
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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CY2023Q1 WTRV Lease Liability
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255524 usd
CY2023Q1 us-gaap Finance Lease Liability
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145288 usd
CY2023Q1 us-gaap Operating Lease Liability
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110236 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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108853 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2159 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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776 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
110236 usd
CY2023Q1 us-gaap Operating Lease Liability Current
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108117 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2119 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
55427 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
55427 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
55427 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
32332 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
53325 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
145288 usd
CY2023Q1 us-gaap Finance Lease Liability Current
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31629 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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CY2023 WTRV Effective Income Tax Rate Reconciliation Permanent Differences
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-0.0952 pure
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0.0258 pure
CY2023Q1 WTRV Right Of Use Asset Amortization Next Twelve Months
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138444 usd
CY2023Q1 WTRV Right Of Use Asset Amortization Next Two
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48355 usd
CY2023Q1 WTRV Right Of Use Asset Amortization Year Three
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53661 usd
CY2023Q1 WTRV Right Of Use Asset Amortization Year Four
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35323 usd
CY2023Q1 WTRV Unamortized Operating Lease Right Of Use Asset
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275783 usd
CY2023 us-gaap Operating Lease Cost
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144488 usd
CY2022 us-gaap Operating Lease Cost
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135850 usd
CY2023 WTRV Finance Lease Depreciation
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14564 usd
CY2023 us-gaap Finance Lease Interest Expense
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12002 usd
CY2023 WTRV Finance Lease Expenses
FinanceLeaseExpenses
171054 usd
CY2022 WTRV Finance Lease Expenses
FinanceLeaseExpenses
135850 usd
CY2023 WTRV Outstanding Shares Percentage
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0.1561 pure
CY2023 us-gaap Results Of Operations Exploration Expense
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3250000 usd
CY2023 us-gaap Repayments Of Related Party Debt
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635000 usd
CY2023 us-gaap Partners Capital Account Description Of Partnership Interest
PartnersCapitalAccountDescriptionOfPartnershipInterest
The Company has formally committed to purchasing these working interests at a PV20 valuation by an independent firm. The PV20 valuation would be the present value of the remaining net cash flows from the WR Fund’s pro rata share of each oil well it has invested in during the term, discounted by 20%. The managing partner of the WR Fund, which is a wholly-owned subsidiary of the Company, shall receive a ten percent (10%) carried interest, payable starting after all investor partners have received a return of capital. The WR Fund invested in two drilling projects in the Company during the year ended March 31, 2023.
CY2023 us-gaap Officers Compensation
OfficersCompensation
500000 usd
CY2023 us-gaap Loss Contingency Damages Sought Value
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299032 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
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200000 usd
CY2022Q3 us-gaap Debt Instrument Maturity Date
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2023-09-02
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0.12 pure
CY2022Q4 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
6000 usd
CY2023Q1 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
6000 usd
CY2023Q1 us-gaap Interest Receivable
InterestReceivable
8000 usd
CY2022Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
200000 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Revenue
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212 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
86060 usd
CY2023 us-gaap Discontinued Operation Amount Of Adjustment To Prior Period Gain Loss On Disposal Net Of Tax
DiscontinuedOperationAmountOfAdjustmentToPriorPeriodGainLossOnDisposalNetOfTax
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0141 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.1547 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2023Q1 WTRV Deferred Tax Assets Operating Loss
DeferredTaxAssetsOperatingLoss
4104711 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
26531 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
773581 usd
CY2023Q1 WTRV Deferred Tax Assets Right Of Use Asset
DeferredTaxAssetsRightOfUseAsset
60262 usd
CY2023Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1826218 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
28186 usd
CY2023Q1 WTRV Deferred Tax Assets Bad Debt
DeferredTaxAssetsBadDebt
153426 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
416643 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7389558 usd
CY2023Q1 WTRV Deferred Tax Liability Right Of Use Asset
DeferredTaxLiabilityRightOfUseAsset
65039 usd
CY2023Q1 WTRV Deferred Tax Liability Tax Depreciation Expenses
DeferredTaxLiabilityTaxDepreciationExpenses
657304 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
722343 usd
CY2023Q1 WTRV Total Deferred Tax Liabilities Before Valuation Allowance
TotalDeferredTaxLiabilitiesBeforeValuationAllowance
6667215 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6667215 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
17404912 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
14096526 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
1516723 usd
CY2023 WTRV Results Of Operations Oil And Gas Revenues
ResultsOfOperationsOilAndGasRevenues
1103975 usd
CY2022 WTRV Results Of Operations Oil And Gas Revenues
ResultsOfOperationsOilAndGasRevenues
5046559 usd
CY2023 WTRV Results Of Operations Production Lease Operating Costs
ResultsOfOperationsProductionLeaseOperatingCosts
-770133 usd
CY2022 WTRV Results Of Operations Production Lease Operating Costs
ResultsOfOperationsProductionLeaseOperatingCosts
-1412093 usd
CY2023 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
5987722 usd
CY2022 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
4949830 usd
CY2023 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
-5653880 usd
CY2022 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
-1315364 usd
CY2023 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
5653880 usd
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ResultsOfOperationsExpenseFromOilAndGasProducingActivities
1315364 usd
CY2023Q1 WTRV Proved Leasehold Costs
ProvedLeaseholdCosts
6496427 usd
CY2022Q1 WTRV Proved Leasehold Costs
ProvedLeaseholdCosts
5520542 usd
CY2023Q1 WTRV Unevaluated Wells In Progress
UnevaluatedWellsInProgress
3244653 usd
CY2022Q1 WTRV Unevaluated Wells In Progress
UnevaluatedWellsInProgress
4936352 usd
CY2023Q1 WTRV Oil And Gas Property Full Cost Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertyFullCostMethodAccumulatedDepreciationDepletionAndAmortization
5211250 usd
CY2022Q1 WTRV Oil And Gas Property Full Cost Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertyFullCostMethodAccumulatedDepreciationDepletionAndAmortization
3225527 usd
CY2023Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
4529830 usd
CY2022Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
7231367 usd
CY2022 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
303500 usd
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
114424 usd
CY2023 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
3244653 usd
CY2023Q1 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
35597
CY2022Q1 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
169688
CY2023Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
35597
CY2022Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
169688
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-801580 usd
CY2022Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
169688
CY2021Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
462914
CY2023 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
2729
CY2022 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-21570
CY2023 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
12430
CY2022 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
61039
CY2023 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
124390
CY2022 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
210617
CY2023Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
35597
CY2022Q1 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
169688
CY2023Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Gross Revenue
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureGrossRevenue
3312874 usd
CY2022Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Gross Revenue
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureGrossRevenue
12801590 usd
CY2023Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxExpense
73602 usd
CY2022Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxExpense
602982 usd
CY2023Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves After Production Taxes
FutureNetCashFlowsRelatingToProvedOilAndGasReservesAfterProductionTaxes
3239272 usd
CY2022Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves After Production Taxes
FutureNetCashFlowsRelatingToProvedOilAndGasReservesAfterProductionTaxes
12198608 usd
CY2023Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Operating Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesOperatingCosts
1407661 usd
CY2022Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Operating Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesOperatingCosts
4156412 usd
CY2022Q1 WTRV Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ad Valorem Taxes
FutureNetCashFlowsRelatingToProvedOilAndGasReservesAdValoremTaxes
167657 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
136144 usd
CY2022Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
565085 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
1695467 usd
CY2022Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
7309454 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
-410290 usd
CY2022Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
-2460231 usd
CY2023Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1285177 usd
CY2022Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
4849223 usd
CY2022Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
4849223 usd
CY2021Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5701791 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
687994 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
4156823 usd
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
15572 usd
CY2022 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-118770 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-363095 usd
CY2023 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
3165059 usd
CY2022 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
4374378 usd
CY2023 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-300973 usd
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-153148 usd
CY2023Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1285177 usd
CY2022Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
4849223 usd

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R83.htm Edgar Link pending
R84.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wtrv-20230331.xsd Edgar Link pending
wtrv-20230331_cal.xml Edgar Link unprocessable
wtrv-20230331_def.xml Edgar Link unprocessable
wtrv-20230331_lab.xml Edgar Link unprocessable
wtrv-20230331_pre.xml Edgar Link unprocessable