10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001140361-16-064953`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tgc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 37 Cash Flow Statement 54

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $14	`AccountsReceivableNetCurrent`	$510.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $14	`AccountsReceivableNetCurrent`	$446.00K	USD	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $159	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivable - related party, less allowance for doubtful accounts of $159	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Inventory	`InventoryNet`	$581.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Inventory	`InventoryNet`	$542.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$354.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$304.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.42M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Oil and gas properties (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$8.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.08M	shares	Point-in-time
Oil and gas properties (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$8.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.08M	shares	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.08M	shares	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.57M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$210.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$200.00K	USD	Point-in-time
Total assets	`Assets`	$11.37M	USD	Point-in-time
Total assets	`Assets`	$11.99M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$151.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$211.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$159.00K	USD	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$159.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$634.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$356.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$314.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$65.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$73.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$757.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.22M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.23M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.32M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$946.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.31M	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, 6,084,241 shares issued and outstanding	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 6,084,241 shares issued and outstanding	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.99M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Oil and gas properties	`OilAndGasSalesRevenue`	$782.00K	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$1.52M	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$116.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$150.00K	USD	1 Quarter
Total revenues	`Revenues`	$1.63M	USD	1 Quarter
Total revenues	`Revenues`	$932.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.20M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$839.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$336.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$732.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$500.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$554.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$641.00K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$2.32M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$2.49M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-854.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$20.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-846.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.40M	USD	1 Quarter
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	$-331.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-515.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.23	USD	1 Quarter
Fully Diluted	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Fully Diluted	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss from operations	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss from operations	`NetIncomeLoss`	$-515.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$336.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$732.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$1.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$4.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$31.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$36.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$641.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$20.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$3.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-331.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-262.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$64.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-11.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-147.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-574.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$10.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-42.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-14.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-11.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.07M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$340.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$409.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$259.00K	USD	1 Quarter
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.00K	USD	1 Quarter
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$32.00K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-301.00K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-377.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$1.42M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$491.00K	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$1.50M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$1.85M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$85.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.36M	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$48.00K	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-13.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Cash interest payments	`InterestPaid`	$19.00K	USD	1 Quarter
Cash interest payments	`InterestPaid`	$9.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	$28.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	$23.00K	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$17.00K	USD	1 Quarter

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