10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001140361-17-042152`
Period End Date	20170930
Filing Date	20171113
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	tgc-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 80 Cash Flow Statement 66

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
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`	$76.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$290.00K	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`	$481.00K	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`	$608.00K	USD	Point-in-time
Inventory	`InventoryNet`	$627.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$190.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$421.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.57M	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$24.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$13.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$4.74M	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$5.22M	USD	Point-in-time
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.56M	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
Manufactured Methane facilities, net	`MethaneProjectNet`	$1.51M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$134.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$140.00K	USD	Point-in-time
Total assets	`Assets`	$7.97M	USD	Point-in-time
Total assets	`Assets`	$8.56M	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
Accounts payable - trade	`AccountsPayableCurrent`	$178.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$303.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.61M	shares	Point-in-time
Accounts payable - other	`AccountsPayableOtherCurrent`	$159.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.61M	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
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$274.00K	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$385.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$55.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$48.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$791.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$770.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.12M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$2.05M	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$37.00K	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$2.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.28M	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, $0.0001 par value, 10,000 shares designated; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Series A Preferred stock, $0.0001 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, 10,614,523 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, 10,614,523 and 6,097,723 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.56M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Oil and gas properties	`OilAndGasSalesRevenue`	$1.07M	USD	1 Quarter
Oil and gas properties	`OilAndGasSalesRevenue`	$2.96M	USD	3 Qtrs
Oil and gas properties	`OilAndGasSalesRevenue`	$3.38M	USD	3 Qtrs
Oil and gas properties	`OilAndGasSalesRevenue`	$1.03M	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$144.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$172.00K	USD	1 Quarter
Methane facility	`ElectricUtilityRevenue`	$458.00K	USD	3 Qtrs
Methane facility	`ElectricUtilityRevenue`	$491.00K	USD	3 Qtrs
Total revenues	`Revenues`	$1.24M	USD	1 Quarter
Total revenues	`Revenues`	$1.18M	USD	1 Quarter
Total revenues	`Revenues`	$3.84M	USD	3 Qtrs
Total revenues	`Revenues`	$3.46M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$907.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$2.60M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$2.32M	USD	3 Qtrs
Production costs and taxes	`ProductionCostsAndTaxes`	$804.00K	USD	1 Quarter
Methane facility costs	`FacilityCosts`	$356.00K	USD	3 Qtrs
Methane facility costs	`FacilityCosts`	$82.00K	USD	1 Quarter
Methane facility costs	`FacilityCosts`	$250.00K	USD	3 Qtrs
Methane facility costs	`FacilityCosts`	$85.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$705.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$256.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$904.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$226.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$860.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.13M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$346.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$268.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.72M	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$632.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	3 Qtrs
Total cost and expenses	`OperatingExpenses`	$1.48M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$7.32M	USD	3 Qtrs
Total cost and expenses	`OperatingExpenses`	$4.52M	USD	3 Qtrs
Total cost and expenses	`OperatingExpenses`	$2.12M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-881.00K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-3.87M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-675.00K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-304.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$36.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$73.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$5.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$5.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-72.00K	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-11.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-31.00K	USD	3 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-908.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-315.00K	USD	1 Quarter
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-706.00K	USD	3 Qtrs
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.94M	USD	3 Qtrs
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-908.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.94M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-315.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$4.20M	USD	Annual
Net loss	`NetIncomeLoss`	$-706.00K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.65	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Fully diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Fully diluted	`EarningsPerShareDiluted`	$-0.65	USD	3 Qtrs
Fully diluted	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Fully diluted	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.90M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.90M	shares	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
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`	$-315.00K	USD	1 Quarter
Net loss from operations	`NetIncomeLoss`	$4.20M	USD	Annual
Net loss from operations	`NetIncomeLoss`	$-706.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$705.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$256.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$904.00K	USD	3 Qtrs
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$226.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$5.00K	USD	3 Qtrs
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$11.00K	USD	3 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$107.00K	USD	3 Qtrs
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$107.00K	USD	3 Qtrs
Gain on assets sale	`GainLossOnSaleOfPropertyPlantEquipment`	$5.00K	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	$2.72M	USD	3 Qtrs
Impairment	`ImpairmentOfOilAndGasProperties`	$632.00K	USD	1 Quarter
Impairment	`ImpairmentOfOilAndGasProperties`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$11.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.00K	USD	3 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$-92.00K	USD	3 Qtrs
Inventory and other assets	`IncreaseDecreaseInInventories`	$-110.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-125.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-597.00K	USD	3 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$118.00K	USD	3 Qtrs
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-130.00K	USD	3 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-66.00K	USD	3 Qtrs
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-21.00K	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`	$214.00K	USD	3 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$147.00K	USD	3 Qtrs
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$300.00K	USD	3 Qtrs
Proceeds from sale of oil and gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$6.00K	USD	3 Qtrs
Additions to methane project	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.00K	USD	3 Qtrs
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$12.00K	USD	3 Qtrs
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.00K	USD	3 Qtrs
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$4.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-153.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-336.00K	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$1.97M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$2.84M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$3.25M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$400.00K	USD	3 Qtrs
Proceeds from stock issuance in rights offering	`ProceedsFromIssuanceOfCommonStock`	$2.70M	USD	3 Qtrs
Cost of stock issuance in rights offering	`PaymentsOfStockIssuanceCosts`	$102.00K	USD	3 Qtrs
Loan fees	`PaymentsOfLoanCosts`	$10.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$153.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.27M	USD	3 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$214.00K	USD	3 Qtrs
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`	$76.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$290.00K	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`	$76.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$290.00K	USD	Point-in-time
Cash interest payments	`InterestPaidNet`	$25.00K	USD	3 Qtrs
Cash interest payments	`InterestPaidNet`	$68.00K	USD	3 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$23.00K	USD	3 Qtrs
Financed company vehicles	`FinancedCompanyVehicles`	$56.00K	USD	3 Qtrs
Cost of stock issuance in rights offering	`StockIssued1`	$140.00K	USD	3 Qtrs
Asset retirement obligations incurred	`SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount`	$1.00K	USD	3 Qtrs

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