10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001140361-16-076013`
Period End Date	20160630
Filing Date	20160812
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	tgc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 74 Cash Flow Statement 60

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.00K	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`	$525.00K	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
Inventory	`InventoryNet`	$673.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Inventory	`InventoryNet`	$542.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$254.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$6.45M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$8.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.09M	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
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.09M	shares	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$174.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$200.00K	USD	Point-in-time
Total assets	`Assets`	$11.99M	USD	Point-in-time
Total assets	`Assets`	$9.72M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$241.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$151.00K	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`	$200.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$356.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$65.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$61.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$661.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.22M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.25M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.38M	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`	$5.28M	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, 6,088,594 and 6,084,241 shares issued and outstanding	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 6,088,594 and 6,084,241 shares issued and outstanding	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.78M	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`	$-51.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.72M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Oil and gas properties	`OilAndGasSalesRevenue`	$1.75M	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$1.11M	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$1.90M	USD	2 Qtrs
Oil and gas properties	`OilAndGasSalesRevenue`	$3.27M	USD	2 Qtrs
Methane facility	`ElectricUtilityRevenue`	$146.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$170.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$320.00K	USD	2 Qtrs
Methane facility	`ElectricUtilityRevenue`	$263.00K	USD	2 Qtrs
Total revenues	`Revenues`	$2.21M	USD	2 Qtrs
Total revenues	`Revenues`	$1.28M	USD	1 Quarter
Total revenues	`Revenues`	$3.53M	USD	2 Qtrs
Total revenues	`Revenues`	$1.90M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$2.09M	USD	2 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$842.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$1.68M	USD	2 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$892.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$1.43M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$648.00K	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$312.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$702.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$972.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$786.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$285.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$418.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	2 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$1.45M	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.09M	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$5.20M	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$2.88M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$4.50M	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$2.01M	USD	1 Quarter
Net income (loss) from operations	`OperatingIncomeLoss`	$-1.60M	USD	1 Quarter
Net income (loss) from operations	`OperatingIncomeLoss`	$-2.99M	USD	2 Qtrs
Net income (loss) from operations	`OperatingIncomeLoss`	$-967.00K	USD	2 Qtrs
Net income (loss) from operations	`OperatingIncomeLoss`	$-113.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.00K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$20.00K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-4.00K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-45.00K	USD	2 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.03M	USD	2 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-971.00K	USD	2 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-125.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.63M	USD	1 Quarter
Deferred Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-380.00K	USD	2 Qtrs
Deferred Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-49.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-591.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-76.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.03M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.50	USD	2 Qtrs
Fully Diluted	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Fully Diluted	`EarningsPerShareDiluted`	$-0.50	USD	2 Qtrs
Fully Diluted	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Fully Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss from operations	`NetIncomeLoss`	$-591.00K	USD	2 Qtrs
Net loss from operations	`NetIncomeLoss`	$-76.00K	USD	1 Quarter
Net loss from operations	`NetIncomeLoss`	$-3.03M	USD	2 Qtrs
Net loss from operations	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$1.43M	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$648.00K	USD	2 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$312.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$702.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$6.00K	USD	2 Qtrs
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$3.00K	USD	2 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$73.00K	USD	2 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$63.00K	USD	2 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	2 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$1.45M	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.09M	USD	2 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$20.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$6.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$8.00K	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-380.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-83.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$82.00K	USD	2 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$31.00K	USD	2 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$-57.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-544.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-88.00K	USD	2 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-124.00K	USD	2 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-156.00K	USD	2 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-39.00K	USD	2 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-10.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$436.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.06M	USD	2 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$475.00K	USD	2 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$291.00K	USD	2 Qtrs
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.00K	USD	2 Qtrs
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.00K	USD	2 Qtrs
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$31.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-444.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-327.00K	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$1.03M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$2.42M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$2.45M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$2.45M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.42M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$20.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$26.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.00K	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`	$40.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Cash interest payments	`InterestPaid`	$18.00K	USD	2 Qtrs
Cash interest payments	`InterestPaid`	$43.00K	USD	2 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$28.00K	USD	2 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$23.00K	USD	2 Qtrs

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