10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001001614-13-000012`
Period End Date	20130331
Filing Date	20130514
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	tgc-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 36 Cash Flow Statement 72 Stockholders Equity 7

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, related party accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$257.00K	USD	Point-in-time
Allowance for doubtful accounts, related party accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$257.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.62M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $257 and $257	`DueFromRelatedPartiesCurrent`	$68.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.84M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.84M	shares	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $257 and $257	`DueFromRelatedPartiesCurrent`	$302.00K	USD	Point-in-time
Inventory	`InventoryNet`	$1.40M	USD	Point-in-time
Inventory	`InventoryNet`	$1.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$271.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$194.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.52M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$507.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$507.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$57.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$59.00K	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$24.20M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$24.70M	USD	Point-in-time
Methane project, net	`MethaneProjectNet`	$4.45M	USD	Point-in-time
Methane project, net	`MethaneProjectNet`	$4.42M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$321.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$261.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleLongLived`	$1.40M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleLongLived`	$1.40M	USD	Point-in-time
Deferred tax asset-noncurrent	`DeferredTaxAssetsNetNoncurrent`	$9.43M	USD	Point-in-time
Deferred tax asset-noncurrent	`DeferredTaxAssetsNetNoncurrent`	$8.93M	USD	Point-in-time
Total assets	`Assets`	$44.17M	USD	Point-in-time
Total assets	`Assets`	$43.29M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$648.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$565.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$325.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$559.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$641.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$615.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$92.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$100.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.86M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.13M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.10M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$10.25M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$8.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.03M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 60,842,413 and 60,842,413 shares issued and Outstanding	`CommonStockValue`	$61.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 60,842,413 and 60,842,413 shares issued and Outstanding	`CommonStockValue`	$61.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$43.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$44.17M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`OilAndGasRevenue`	$4.31M	USD	1 Quarter
Revenues	`OilAndGasRevenue`	$4.96M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.67M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.37M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$709.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$794.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$759.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$513.00K	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$2.68M	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$3.14M	USD	1 Quarter
Net income from operations	`OperatingIncomeLoss`	$1.83M	USD	1 Quarter
Net income from operations	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$187.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$131.00K	USD	1 Quarter
Loss on derivatives	`GainLossOnOilAndGasHedgingActivity`	$-121.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$34.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-274.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-131.00K	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$598.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$527.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$954.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$978.00K	USD	1 Quarter
(Loss) from discontinued operations, net of income tax benefit	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-81.00K	USD	1 Quarter
(Loss) from discontinued operations, net of income tax benefit	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-41.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$873.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$937.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Net (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.74M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.05M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$954.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$978.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$709.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$794.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$8.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$14.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$35.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$33.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$34.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Compensation and services paid in stock options and stock	`ShareBasedCompensation`	$21.00K	USD	1 Quarter
Compensation and services paid in stock options and stock	`ShareBasedCompensation`	$9.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$531.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$527.00K	USD	1 Quarter
Loss on derivatives	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-121.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$486.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$1.33M	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-81.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$500.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$151.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-112.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$26.00K	USD	1 Quarter
Settlement on asset retirement obligation	`AssetRetirementObligationLiabilitiesSettled`	-	USD	1 Quarter
Settlement on asset retirement obligation	`AssetRetirementObligationLiabilitiesSettled`	$-23.00K	USD	1 Quarter
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$902.00K	USD	1 Quarter
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.36M	USD	1 Quarter
Net cash (used in) operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-63.00K	USD	1 Quarter
Net cash (used in) operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-90.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$812.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30M	USD	1 Quarter
Net additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$2.48M	USD	1 Quarter
Net additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$209.00K	USD	1 Quarter
Net additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$345.00K	USD	1 Quarter
Net additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Net additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-209.00K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.83M	USD	1 Quarter
Payment in lieu of exercise of options/warrants	`PaymentsForRepurchaseOfOtherEquity`	-	USD	1 Quarter
Payment in lieu of exercise of options/warrants	`PaymentsForRepurchaseOfOtherEquity`	$60.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$4.22M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$3.70M	USD	1 Quarter
Proceeds from borrowings	`LineOfCreditFacilityIncreaseAdditionalBorrowings`	$-5.65M	USD	1 Quarter
Proceeds from borrowings	`LineOfCreditFacilityIncreaseAdditionalBorrowings`	$-2.19M	USD	1 Quarter
Loan fees	`PaymentsOfLoanCosts`	$10.00K	USD	1 Quarter
Loan fees	`PaymentsOfLoanCosts`	$30.00K	USD	1 Quarter
Net cash provided by (used in) financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.92M	USD	1 Quarter
Net cash provided by (used in) financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.10M	USD	1 Quarter
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$63.00K	USD	1 Quarter
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$90.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.04M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.01M	USD	1 Quarter
Net change in cash and cash equivalents - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-7.00K	USD	1 Quarter
Net change in cash and cash equivalents - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$46.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.00K	USD	Point-in-time
Cash interest payments	`InterestPaid`	$124.00K	USD	1 Quarter
Cash interest payments	`InterestPaid`	$173.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	$28.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	-	USD	1 Quarter
Asset retirement obligations incurred	`IncreaseDecreaseInAssetRetirementObligations`	$33.00K	USD	1 Quarter
Asset retirement obligations incurred	`IncreaseDecreaseInAssetRetirementObligations`	-	USD	1 Quarter
Accrued capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$918.00K	USD	1 Quarter
Accrued capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$31.02M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$30.13M	USD	Point-in-time
Net income	`NetIncomeLoss`	$873.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$937.00K	USD	1 Quarter
Option and compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$-51.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$31.02M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$30.13M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.