v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net Income $ 1,005,000 $ 80,000
Reconciliation of net Income to net cash provided by operating activities    
Depreciation and amortization 148,000 188,000
Changes in accounts receivable (190,000) 248,000
Changes in income tax receivable 78,000 15,000
Changes in accounts payable and accrued liabilities (520,000) (210,000)
Changes in other long-term liabilities 93,000
Changes in deferred Income tax asset 96,000 17,000
Net cash provided for operating activities 710,000 338,000
Cash Flows from Investing Activities    
Capitalized acquisition, exploration and development (418,000) (318,000)
Changes in other short-term investments (500,000)
Changes in other long-term investments 939,000 1,025,000
Proceeds from sale of oil and gas properties 755,000
Net cash provided (used) for Investing activities 776,000 707,000
Cash Flows from Financing Activities    
Purchase of treasury stock (351,000)
Net cash used for financing activities (351,000)
Increase in cash, cash equivalents, and restricted cash 1,486,000 694,000
Cash, cash equivalents, and restricted cash at beginning of period 3,911,000 6,742,000
Cash, cash equivalents, and restricted cash at end of period $ 5,397,000 $ 7,436,000