v3.26.1
Cash, Cash Equivalents, and Restricted Cash
3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents, and Restricted Cash

3. Cash, Cash Equivalents, and Restricted Cash

Cash and cash equivalents include cash on hand and short term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Restricted cash consists of amounts deposited to back bonds or letters of credit for potential well liabilities. The Company presents restricted cash with cash and cash equivalents in the Consolidated Statements of Cash Flows.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the Consolidated Balance Sheets to the total of the amounts in the Consolidated Statements of Cash Flows as of March 31, 2026 and December 31, 2025:

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31,

2026

2025

Cash and cash equivalents

$

7,912,858

$

8,959,954

Restricted cash included in other assets

553,000

553,000

Cash, cash equivalents, and restricted cash in the statement of cash flows

$

8,465,858

$

9,512,954