10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001140361-14-021116`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	tgc-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 33 Cash Flow Statement 70 Stockholders Equity 11

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $14	`AccountsReceivableNetCurrent`	$1.32M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $14	`AccountsReceivableNetCurrent`	$1.28M	USD	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $159	`DueFromRelatedPartiesCurrent`	$168.00K	USD	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $159	`DueFromRelatedPartiesCurrent`	$290.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Inventory	`InventoryNet`	$1.24M	USD	Point-in-time
Inventory	`InventoryNet`	$1.25M	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
Deferred tax asset-current	`DeferredTaxAssetsNetCurrent`	$130.00K	USD	Point-in-time
Deferred tax asset-current	`DeferredTaxAssetsNetCurrent`	$130.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$312.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$281.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.84M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.84M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$507.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$507.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$31.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$35.00K	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$24.26M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$24.12M	USD	Point-in-time
Methane project, net	`MethaneProjectNet`	$4.39M	USD	Point-in-time
Methane project, net	`MethaneProjectNet`	$4.54M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$247.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$222.00K	USD	Point-in-time
Deferred tax asset - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$7.21M	USD	Point-in-time
Deferred tax asset - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$6.94M	USD	Point-in-time
Total assets	`Assets`	$39.71M	USD	Point-in-time
Total assets	`Assets`	$39.80M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$367.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$771.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$327.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$449.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$412.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$490.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$444.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$652.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$82.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$78.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.63M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.78M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$1.78M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$3.38M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.45M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 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 shares issued and outstanding	`CommonStockValue`	$61.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$32.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$39.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$39.71M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`OilAndGasRevenue`	$4.31M	USD	1 Quarter
Revenues	`OilAndGasRevenue`	$3.50M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.40M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.37M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$794.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$513.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$693.00K	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$2.79M	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$2.68M	USD	1 Quarter
Net income from operations	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Net income from operations	`OperatingIncomeLoss`	$710.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$131.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$18.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-131.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$697.00K	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$527.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$273.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$978.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$424.00K	USD	1 Quarter
(Loss) from discontinued operations, net of income tax benefit	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-41.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$424.00K	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`	$0.01	USD	1 Quarter
Net (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.85M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$978.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$424.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$794.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$4.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$8.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$35.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$28.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$18.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$9.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$9.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$273.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$527.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$159.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-45.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-81.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$151.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$529.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$26.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$95.00K	USD	1 Quarter
Settlement on asset retirement obligation	`AssetRetirementObligationLiabilitiesSettled`	-	USD	1 Quarter
Settlement on asset retirement obligation	`AssetRetirementObligationLiabilitiesSettled`	$-48.00K	USD	1 Quarter
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.89M	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`	-	USD	1 Quarter
Net cash (used in) operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-63.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30M	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$479.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$209.00K	USD	1 Quarter
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$266.00K	USD	1 Quarter
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$17.00K	USD	1 Quarter
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	-	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`	$-739.00K	USD	1 Quarter
Payment in lieu of exercise of options	`PaymentsForRepurchaseOfOtherEquity`	-	USD	1 Quarter
Payment in lieu of exercise of options	`PaymentsForRepurchaseOfOtherEquity`	$60.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$2.96M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$4.22M	USD	1 Quarter
Proceeds from borrowings	`LineOfCreditFacilityIncreaseAdditionalBorrowings`	$-2.19M	USD	1 Quarter
Proceeds from borrowings	`LineOfCreditFacilityIncreaseAdditionalBorrowings`	$-1.80M	USD	1 Quarter
Loan fees	`PaymentsOfLoanCosts`	-	USD	1 Quarter
Loan fees	`PaymentsOfLoanCosts`	$10.00K	USD	1 Quarter
Net cash (used in) financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.16M	USD	1 Quarter
Net cash (used in) financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.10M	USD	1 Quarter
Net cash provided by (used in) financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by (used in) financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$63.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.04M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.16M	USD	1 Quarter
Net change in cash and cash equivalents - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-10.00K	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`	$44.00K	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`	$54.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.00K	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`	$54.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.00K	USD	Point-in-time
Cash interest payments	`InterestPaid`	$27.00K	USD	1 Quarter
Cash interest payments	`InterestPaid`	$124.00K	USD	1 Quarter
Asset retirement obligations incurred	`IncreaseDecreaseInAssetRetirementObligations`	$9.00K	USD	1 Quarter
Asset retirement obligations incurred	`IncreaseDecreaseInAssetRetirementObligations`	-	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$363.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquity`	$33.36M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$32.92M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Net income	`NetIncomeLoss`	$424.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$937.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$9.00K	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	60.84M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$33.36M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$32.92M	USD	Point-in-time

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