v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 729,425 $ 4,016,034
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 3,002,339 3,475,857
Impairment expense 0 6,669
Amortization on deferred financing costs 50,084 0
(Gain) loss on derivative contracts 8,929,829 1,462,170
Settlement received on derivative contracts (1,047,836) (415,043)
Settlement of asset retirement obligation 0 (1,600)
Stock-based compensation expense 547,527 385,838
Deferred income tax (benefit) expense 265,205 (321,452)
Changes in assets and liabilities, net of assets and liabilities acquired in business combination:    
Accounts receivable (661,928) (2,159,795)
Prepaid income taxes (10,164) 978,542
Other assets and liabilities 112,036 141,640
Accounts payable, royalties payable, gathering fees payable, and other accrued liabilities (1,813,998) 91,390
Income taxes payable 0 922,326
Net cash provided by operating activities 10,102,519 8,582,576
Cash flows from investing activities:    
Additions to unproved oil and gas properties (383,391) (5,060,901)
Additions to proved oil and gas properties (3,830,774) (2,578,866)
Additions to gathering system properties (50,583) (104,275)
Additions to land, buildings and property and equipment 1,825 0
Prepaid drilling costs 0 960,136
Net cash used in investing activities (4,262,923) (6,783,906)
Cash flows from financing activities:    
Payment on credit facility (5,000,000) 0
Dividends paid (1,884,373) (1,375,612)
Net cash provided by (used in) financing activities (6,884,373) (1,375,612)
Effect of currency rates on cash, cash equivalents, and restricted cash (2,319) (50,116)
Increase (decrease) in cash, cash equivalents, and restricted cash (1,047,096) 372,942
Cash, cash equivalents, and restricted cash, beginning of period 9,512,954 6,989,793
Cash, cash equivalents, and restricted cash, end of period 8,465,858 7,362,735
Supplemental cash flow disclosures:    
US Federal 0 80,000
Interest paid 42,347 657
Non-cash investing activities:    
Change in proved properties accrued in accounts payable 618,129 341,974
Change in gathering system accrued in accounts payable 2,398 (44,228)
Asset retirement obligation asset additions and adjustments 0 18,235
Pennsylvania    
Supplemental cash flow disclosures:    
State 10,933 5,138
State, Other    
Supplemental cash flow disclosures:    
State $ 0 $ 25