10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001140361-17-020141`
Period End Date	20170331
Filing Date	20170512
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tgc-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 32 Cash Flow Statement 52

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$228.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	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`	$536.00K	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`	$597.00K	USD	Point-in-time
Inventory	`InventoryNet`	$627.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$421.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$255.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.61M	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
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$20.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$24.00K	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$5.22M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$5.02M	USD	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.56M	USD	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.54M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$140.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$123.00K	USD	Point-in-time
Total assets	`Assets`	$8.56M	USD	Point-in-time
Total assets	`Assets`	$8.32M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.60M	shares	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$303.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$199.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.60M	shares	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$159.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.10M	shares	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$159.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$274.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$216.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$53.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$55.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$627.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$791.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.07M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.05M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.45M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$34.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.73M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A Preferred stock, $0.001 par value, 10,000 shares designated; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Series A Preferred stock, $0.001 par value, 10,000 shares designated; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 10,601,685 and 6,097,723 shares issued and outstanding	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 10,601,685 and 6,097,723 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.56M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Oil and gas properties	`OilAndGasSalesRevenue`	$1.21M	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$782.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$150.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$135.00K	USD	1 Quarter
Total revenues	`Revenues`	$1.34M	USD	1 Quarter
Total revenues	`Revenues`	$932.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$971.00K	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`	$236.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$500.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$334.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$641.00K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$1.54M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$2.32M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-197.00K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-213.00K	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`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-213.00K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.45M	shares	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.08M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss from operations	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss from operations	`NetIncomeLoss`	$-213.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$336.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$236.00K	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`	$36.00K	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
Stock based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$64.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$46.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-11.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-56.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-104.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-574.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-42.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-51.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-10.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-14.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.07M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-88.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$259.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$7.00K	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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-301.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$491.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$2.81M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$400.00K	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$1.85M	USD	1 Quarter
Proceeds from stock issuance in rights offering	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	1 Quarter
Costs of stock issuance in rights offering	`PaymentsOfStockIssuanceCosts`	$37.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.36M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$247.00K	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-13.00K	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$152.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$228.00K	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`	$27.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$228.00K	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`	$27.00K	USD	Point-in-time
Cash interest payments	`InterestPaid`	$12.00K	USD	1 Quarter
Cash interest payments	`InterestPaid`	$19.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	$23.00K	USD	1 Quarter
Costs of stock issuance in rights offering	`StockIssued1`	$140.00K	USD	1 Quarter

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