10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001140361-19-009116`
Period End Date	20190331
Filing Date	20190514
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	tgc-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 60

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.22M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$608.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$533.00K	USD	Point-in-time
Inventory	`InventoryNet`	$423.00K	USD	Point-in-time
Inventory	`InventoryNet`	$464.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$226.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$235.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.35M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$9.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$7.00K	USD	Point-in-time
Right-of-use asset - operating leases	`OperatingLeaseRightOfUseAssetAmortization`	$84.00K	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$4.65M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$4.80M	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
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$169.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$190.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.64M	shares	Point-in-time
Accounts receivable - noncurrent	`AccountsReceivableNetNoncurrent`	$130.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.64M	shares	Point-in-time
Accounts receivable - noncurrent	`AccountsReceivableNetNoncurrent`	$130.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.64M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.64M	shares	Point-in-time
Total assets	`Assets`	$9.48M	USD	Point-in-time
Total assets	`Assets`	$9.53M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$132.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$173.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$267.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$282.00K	USD	Point-in-time
Lease liabilities - operating leases - current	`OperatingLeaseLiabilityCurrent`	$59.00K	USD	Point-in-time
Lease liabilities - finance leases - current	`FinanceLeaseLiabilityCurrent`	$77.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$51.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$83.00K	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$83.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$659.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$548.00K	USD	Point-in-time
Lease liabilities - operating leases - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$25.00K	USD	Point-in-time
Lease liabilities - finance leases - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$35.00K	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long term debt, less current maturities	`LongTermDebtNoncurrent`	$73.00K	USD	Point-in-time
Asset retirement obligation - non current	`AssetRetirementObligationsNoncurrent`	$2.13M	USD	Point-in-time
Asset retirement obligation - non current	`AssetRetirementObligationsNoncurrent`	$2.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.85M	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, 10,644,252 and 10,639,290 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 10,644,252 and 10,639,290 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.53M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.17M	USD	1 Quarter
Revenues	`Revenues`	$1.37M	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$730.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$779.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$183.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$184.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$346.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$336.00K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$1.25M	USD	1 Quarter
Net income (loss) from operations	`OperatingIncomeLoss`	$-138.00K	USD	1 Quarter
Net income (loss) from operations	`OperatingIncomeLoss`	$118.00K	USD	1 Quarter
Net interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Net interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$45.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$16.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Income (loss) from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-96.00K	USD	1 Quarter
Income (loss) from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$133.00K	USD	1 Quarter
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$133.00K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-96.00K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.24M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.10	USD	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.62M	shares	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.64M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$133.00K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-96.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$183.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$184.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$1.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$2.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$36.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$35.00K	USD	1 Quarter
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$16.00K	USD	1 Quarter
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$45.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$75.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$55.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$200.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-48.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$18.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-7.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-7.00K	USD	1 Quarter
Net cash provided by (used in) operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$71.00K	USD	1 Quarter
Net cash provided by (used in) operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.00K	USD	1 Quarter
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$67.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$32.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$11.00K	USD	1 Quarter
Proceeds from sale of oil and gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$3.00K	USD	1 Quarter
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$19.00K	USD	1 Quarter
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$7.00K	USD	1 Quarter
Proceeds from sale of materials inventory	`ProceedsFromSaleOfMaterialsInventory`	$150.00K	USD	1 Quarter
Net cash provided by (used in) investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$139.00K	USD	1 Quarter
Net cash provided by (used in) investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.00K	USD	1 Quarter
Net cash provided by investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$2.65M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$139.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.61M	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfDebt`	$116.00K	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfDebt`	$12.00K	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$100.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-16.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.00K	USD	1 Quarter
Net cash provided by (used in) financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by (used in) financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.73M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$109.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.92M	USD	Point-in-time
Cash interest payments	`InterestPaidNet`	$1.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	$109.00K	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$6.00K	USD	1 Quarter

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