10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001140361-16-086493`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	tgc-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 74 Cash Flow Statement 63

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.00K	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`	$490.00K	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`	$632.00K	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
Other current assets	`OtherAssetsCurrent`	$172.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$1.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.08M	shares	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$8.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.09M	shares	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$5.59M	USD	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.56M	USD	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.08M	shares	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$156.00K	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`	$8.64M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$188.00K	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`	$226.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$356.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$58.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$65.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$631.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.24M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.22M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.23M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$946.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.53M	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, 6,093,634 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, 6,093,634 and 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`	$55.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.99M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Oil and gas properties	`OilAndGasSalesRevenue`	$2.96M	USD	3 Qtrs
Oil and gas properties	`OilAndGasSalesRevenue`	$4.54M	USD	3 Qtrs
Oil and gas properties	`OilAndGasSalesRevenue`	$1.07M	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$1.27M	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$491.00K	USD	3 Qtrs
Methane facility	`ElectricUtilityRevenue`	$172.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$413.00K	USD	3 Qtrs
Methane facility	`ElectricUtilityRevenue`	$150.00K	USD	1 Quarter
Total revenues	`Revenues`	$1.24M	USD	1 Quarter
Total revenues	`Revenues`	$1.43M	USD	1 Quarter
Total revenues	`Revenues`	$3.46M	USD	3 Qtrs
Total revenues	`Revenues`	$4.96M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$889.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$2.57M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$3.22M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$1.13M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$904.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$256.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$647.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$2.08M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.13M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$585.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$346.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$7.19M	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$632.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$7.19M	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.72M	USD	3 Qtrs
Total cost and expenses	`OperatingExpenses`	$9.55M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$2.12M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$7.32M	USD	3 Qtrs
Total cost and expenses	`OperatingExpenses`	$14.05M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-8.12M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-881.00K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-9.09M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-3.87M	USD	3 Qtrs
Interest expense	`InterestExpense`	$27.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$70.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$73.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$17.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$38.00K	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-32.00K	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-72.00K	USD	3 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-908.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.94M	USD	3 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.15M	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.12M	USD	3 Qtrs
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.19M	USD	1 Quarter
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.57M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-908.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.94M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.96M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.65	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.91	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.82	USD	1 Quarter
Fully Diluted	`EarningsPerShareDiluted`	$-0.82	USD	1 Quarter
Fully Diluted	`EarningsPerShareDiluted`	$-0.65	USD	3 Qtrs
Fully Diluted	`EarningsPerShareDiluted`	$-0.91	USD	3 Qtrs
Fully Diluted	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss from operations	`NetIncomeLoss`	$-5.55M	USD	3 Qtrs
Net loss from operations	`NetIncomeLoss`	$-908.00K	USD	1 Quarter
Net loss from operations	`NetIncomeLoss`	$-3.94M	USD	3 Qtrs
Net loss from operations	`NetIncomeLoss`	$-4.96M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$904.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$256.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$647.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$2.08M	USD	3 Qtrs
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$5.00K	USD	3 Qtrs
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$8.00K	USD	3 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$107.00K	USD	3 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$94.00K	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$7.19M	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$632.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$7.19M	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.72M	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$38.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$9.00K	USD	3 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.57M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-282.00K	USD	3 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$-92.00K	USD	3 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$-300.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-597.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.00K	USD	3 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-130.00K	USD	3 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-433.00K	USD	3 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-17.00K	USD	3 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-66.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-939.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$349.00K	USD	3 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$300.00K	USD	3 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$566.00K	USD	3 Qtrs
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.00K	USD	3 Qtrs
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.00K	USD	3 Qtrs
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.00K	USD	3 Qtrs
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$4.00K	USD	3 Qtrs
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$31.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-336.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-536.00K	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$1.97M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$3.27M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$3.25M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$3.50M	USD	3 Qtrs
Loan fees	`PaymentsOfLoanCosts`	$10.00K	USD	3 Qtrs
Loan fees	`PaymentsOfLoanCosts`	$2.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$225.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.27M	USD	3 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$38.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.00K	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`	$31.00K	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`	$73.00K	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`	$31.00K	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	3 Qtrs
Cash interest payments	`InterestPaid`	$68.00K	USD	3 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$117.00K	USD	3 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$23.00K	USD	3 Qtrs

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