10-Q Filing

Riley Exploration Permian, Inc. CIK: 1001614 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001140361-20-011640`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	tgc-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 27 Cash Flow Statement 52 Stockholders Equity 16

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.06M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$372.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$557.00K	USD	Point-in-time
Inventory	`InventoryNet`	$271.00K	USD	Point-in-time
Inventory	`InventoryNet`	$415.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$199.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$247.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.99M	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$4.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$4.00K	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAssetAmortization`	$26.00K	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAssetAmortization`	$41.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$4.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$4.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.66M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.67M	shares	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$121.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$149.00K	USD	Point-in-time
Accounts receivable - noncurrent	`AccountsReceivableNetNoncurrent`	$65.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.67M	shares	Point-in-time
Total assets	`Assets`	$8.33M	USD	Point-in-time
Total assets	`Assets`	$8.92M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$132.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$269.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$282.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$164.00K	USD	Point-in-time
Lease liabilities - operating leases - current	`OperatingLeaseLiabilityCurrent`	$41.00K	USD	Point-in-time
Lease liabilities - operating leases - current	`OperatingLeaseLiabilityCurrent`	$26.00K	USD	Point-in-time
Lease liabilities - finance leases - current	`FinanceLeaseLiabilityCurrent`	$61.00K	USD	Point-in-time
Lease liabilities - finance leases - current	`FinanceLeaseLiabilityCurrent`	$56.00K	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$75.00K	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$571.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$610.00K	USD	Point-in-time
Lease liabilities - finance leases - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$26.00K	USD	Point-in-time
Lease liabilities - finance leases - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$41.00K	USD	Point-in-time
Asset retirement obligation - noncurrent	`AssetRetirementObligationsNoncurrent`	$1.92M	USD	Point-in-time
Asset retirement obligation - noncurrent	`AssetRetirementObligationsNoncurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.50M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`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, 10,666,211 and 10,658,775 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $.001 par value, authorized 100,000,000 shares, 10,666,211 and 10,658,775 shares issued and outstanding	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.33M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.17M	USD	1 Quarter
Revenues	`Revenues`	$963.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$779.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$964.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$184.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$160.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$346.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$366.00K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$1.49M	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-138.00K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-527.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$45.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$2.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Net loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-527.00K	USD	1 Quarter
Net loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-96.00K	USD	1 Quarter
Deferred income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.67M	shares	1 Quarter
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.64M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$184.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$160.00K	USD	1 Quarter
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$2.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$35.00K	USD	1 Quarter
Accretion on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$31.00K	USD	1 Quarter
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$45.00K	USD	1 Quarter
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-250.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$75.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$55.00K	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventories`	$-192.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-54.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.00K	USD	1 Quarter
Accrued and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$123.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-3.00K	USD	1 Quarter
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-7.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$174.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$11.00K	USD	1 Quarter
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$96.00K	USD	1 Quarter
Proceeds from sale of oil and gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$20.00K	USD	1 Quarter
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Proceeds from sale of materials inventory	`ProceedsFromSaleOfMaterialsInventory`	$150.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$139.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$8.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$12.00K	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$85.00K	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`	$3.14M	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`	$3.06M	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`	$3.14M	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`	$3.06M	USD	Point-in-time
Cash interest payments	`InterestPaidNet`	$1.00K	USD	1 Quarter
Cash interest payments	`InterestPaidNet`	$2.00K	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	-	USD	1 Quarter
Financed company vehicles	`FinancedCompanyVehicles`	-	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquity`	$5.83M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.35M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.67M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.77M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	10.66M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	10.67M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Compensation expense related to stock issued	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStocksIssuedRequisiteServicePeriodRecognition`	$4.00K	USD	1 Quarter
Compensation expense related to stock issued	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStocksIssuedRequisiteServicePeriodRecognition`	$4.00K	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	10.66M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	10.67M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$5.83M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.35M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.67M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.77M	USD	Point-in-time

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