v3.25.2
Consolidated Statement of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flow from operating activities:        
Net loss $ (2,345,352) $ (1,427,564) $ (3,435,946) $ (2,541,031)
Adjustments to reconcile net loss to cash from operating activities:        
Depreciation, depletion, amortization and accretion 4,350,181 4,350,248 8,126,382 8,464,510
Changes in operating assets and liabilities:        
Accounts receivable and other current assets     1,398,176 498,681
Accounts payable and accrued expenses     (491,048) (980,604)
Net cash flow provided by operating activities     5,597,564 5,441,556
Cash flow from investing activities:        
Additions to oil and natural gas properties     (1,161,604) (1,011,975)
Net cash flow used in investing activities     (1,161,604) (1,011,975)
Cash flow from financing activities:        
Cash paid for loan costs     0 (138,271)
Proceeds from revolving credit facility     1,800,000 2,700,000
Payments for state withholding taxes on behalf of limited partners     (125,000) 0
Distributions paid to limited partners (3,536,073) (3,536,073) (7,072,147) (7,072,146)
Net cash flow used in financing activities     (5,397,147) (4,510,417)
Decrease in cash and cash equivalents     (961,187) (80,836)
Cash and cash equivalents, beginning of period     1,463,582 1,455,619
Cash and cash equivalents, end of period $ 502,395 $ 1,374,783 502,395 1,374,783
Interest paid     191,400 0
Supplemental non-cash information:        
Accrued capital expenditures related to additions to oil and natural gas properties     $ 498,703 $ 1,118,871