10-K Filing

Riley Exploration Permian, Inc. CIK: 1001614 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001140361-21-010616`
Period End Date	20201231
Filing Date	20210330
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	repx-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 47 Cash Flow Statement 65 Stockholders Equity 24

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$294.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$557.00K	USD	Point-in-time
Inventory	`InventoryNet`	$361.00K	USD	Point-in-time
Inventory	`InventoryNet`	$415.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$108.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$247.00K	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
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`	$2.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.28M	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$2.00K	USD	Point-in-time
Loan fees, net	`DeferredFinanceCostsNoncurrentNet`	$4.00K	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAssetAmortization`	$42.00K	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
Oil and gas properties, net (full cost accounting method)	`OilAndGasPropertyFullCostMethodNet`	$2.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	890,420.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	888,231.00	shares	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$102.00K	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$149.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	890,420.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	888,231.00	shares	Point-in-time
Accounts receivable - noncurrent	`AccountsReceivableNetNoncurrent`	$65.00K	USD	Point-in-time
Total assets	`Assets`	$8.92M	USD	Point-in-time
Total assets	`Assets`	$5.37M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$269.00K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$218.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$202.00K	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`	$42.00K	USD	Point-in-time
Lease liabilities - finance leases - current	`FinanceLeaseLiabilityCurrent`	$61.00K	USD	Point-in-time
Lease liabilities - finance leases - current	`FinanceLeaseLiabilityCurrent`	$61.00K	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$78.00K	USD	Point-in-time
Asset retirement obligation - current	`AssetRetirementObligationCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$601.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$610.00K	USD	Point-in-time
Lease liabilities - finance leases - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$16.00K	USD	Point-in-time
Lease liabilities - finance leases - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$41.00K	USD	Point-in-time
Asset retirement obligation - non current	`AssetRetirementObligationsNoncurrent`	$2.04M	USD	Point-in-time
Asset retirement obligation - non current	`AssetRetirementObligationsNoncurrent`	$1.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.66M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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, $0.001 par value, authorized 100,000,000 shares, 890,420 and 888,231 shares issued and outstanding	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares, 890,420 and 888,231 shares issued and outstanding	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$58.32M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$58.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.92M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.14M	USD	1 Quarter
Revenues	`Revenues`	$563.00K	USD	1 Quarter
Revenues	`Revenues`	$3.04M	USD	Annual
Revenues	`Revenues`	$1.17M	USD	1 Quarter
Revenues	`Revenues`	$1.22M	USD	1 Quarter
Revenues	`Revenues`	$4.91M	USD	Annual
Revenues	`Revenues`	$963.00K	USD	1 Quarter
Revenues	`Revenues`	$1.39M	USD	1 Quarter
Revenues	`Revenues`	$747.00K	USD	1 Quarter
Revenues	`Revenues`	$765.00K	USD	1 Quarter
Production costs and taxes	`ProductionCostsAndTaxes`	$3.10M	USD	Annual
Production costs and taxes	`ProductionCostsAndTaxes`	$3.40M	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$644.00K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$716.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.19M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.30M	USD	Annual
Impairment Costs	`AssetImpairmentCharges`	$920.00K	USD	Annual
Total cost and expenses	`OperatingExpenses`	$6.86M	USD	Annual
Total cost and expenses	`OperatingExpenses`	$5.42M	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-3.82M	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-505.00K	USD	Annual
Net interest expense	`InterestExpense`	$10.00K	USD	Annual
Net interest expense	`InterestExpense`	$8.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$45.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$11.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$6.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$166.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$169.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$41.00K	USD	Annual
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-464.00K	USD	Annual
Loss from operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.65M	USD	Annual
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Deferred income tax benefit	`IncomeTaxExpenseBenefit`	$-28.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-182.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-813.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$9.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-554.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-167.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-436.00K	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.49	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-4.10	USD	Annual
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	889,670.00	shares	Annual
Basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	887,612.00	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-182.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-813.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$9.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-554.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-167.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-436.00K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$644.00K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$716.00K	USD	Annual
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$5.00K	USD	Annual
Amortization of loan fees-interest expense	`AmortizationOfFinancingCosts`	$2.00K	USD	Annual
Accretion of discount on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$125.00K	USD	Annual
Accretion of discount on asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$132.00K	USD	Annual
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$11.00K	USD	Annual
Gain on asset sales	`GainLossOnSaleOfPropertyPlantEquipment`	$45.00K	USD	Annual
Loan Forgiveness - PPP Loan	`LoanForgiveness`	$-166.00K	USD	Annual
Compensation and services paid in stock / stock options	`ShareBasedCompensation`	$17.00K	USD	Annual
Compensation and services paid in stock / stock options	`ShareBasedCompensation`	$14.00K	USD	Annual
Impairment	`AssetImpairmentCharges`	$920.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-328.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-41.00K	USD	Annual
Inventory, prepaid expenses and other assets	`IncreaseDecreaseInInventories`	$-193.00K	USD	Annual
Inventory, prepaid expenses and other assets	`IncreaseDecreaseInInventories`	$68.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$63.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$43.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-123.00K	USD	Annual
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-25.00K	USD	Annual
Settlement on asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$-76.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$226.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.55M	USD	Annual
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$437.00K	USD	Annual
Additions to oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$103.00K	USD	Annual
Proceeds from sale of oil and gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$38.00K	USD	Annual
Proceeds from sale of oil and gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$56.00K	USD	Annual
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.00K	USD	Annual
Additions to other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.00K	USD	Annual
Proceeds from sale of other property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$150.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-233.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.00K	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$166.00K	USD	Annual
Repayments of borrowings	`RepaymentsOfDebt`	$41.00K	USD	Annual
Repayments of borrowings	`RepaymentsOfDebt`	$53.00K	USD	Annual
Proceeds from exercise of options	`PaymentsForProceedsFromStockOptionsExercised`	$-1.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$126.00K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-60.00K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.49M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	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`	$3.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	USD	Point-in-time
Cash interest payments	`InterestPaidNet`	$6.00K	USD	Annual
Cash interest payments	`InterestPaidNet`	$5.00K	USD	Annual
Financed company vehicles	`FinancedCompanyVehicles`	$53.00K	USD	Annual
Financed company vehicles	`FinancedCompanyVehicles`	$57.00K	USD	Annual
Asset retirement obligations incurred	`SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount`	$12.00K	USD	Annual
Revisions to asset retirement obligations	`AssetRetirementObligationRevisionOfEstimate`	$69.00K	USD	Annual
Revisions to asset retirement obligations	`AssetRetirementObligationRevisionOfEstimate`	$-187.00K	USD	Annual
Capital expenditures included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$88.00K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquity`	$6.77M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.71M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.35M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	890,420.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	888,231.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-96.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-182.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-813.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$9.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-527.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-554.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-167.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-436.00K	USD	Annual
Compensation expense related to stock issued	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStocksIssuedRequisiteServicePeriodRecognition`	$14.00K	USD	Annual
Compensation expense related to stock issued	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStocksIssuedRequisiteServicePeriodRecognition`	$17.00K	USD	Annual
Common stock issued for exercise of options, value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00K	USD	Annual
Common stock issued for exercise of options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	52.00	shares	Annual
Balance, shares	`CommonStockSharesOutstanding`	890,420.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	888,231.00	shares	Point-in-time
Balance, value	`StockholdersEquity`	$6.77M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.71M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.35M	USD	Point-in-time

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