RSRV — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Please refer to the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows in this Form 10-Q to supplement the following discussion. In the first six months of 2026, the Company continued to fund its business activity using internal sources of cash. The Company had net cash provid…

• Accounts receivable increased $258,801 (9%) to $3,253,374 as of June 30, 2026, from $2,994,573 at December 31, 2025, due to an increase in oil and gas receivables of $320,005 caused by an increase in the price and volume of expected oil production, offset by decreases in trade accounts receivable of…

• Cash applied to the purchase of property, plant and equipment in the six months ended June 30, 2026, was $4,904,176, a decrease of $1,186,487 (19%) from cash applied to the purchase of property, plant and equipment in the comparable period in 2025 of $6,090,663. Of the $4,904,176 applied to the purc…

• Cash applied to equity method and other investments in the six months ended June 30, 2026, was $449,776, a decrease of $219,109 (33%) from cash applied in the comparable period of 2025 of $668,885.

• Production Costs. Production costs increased $395,585 (19%) to $2,489,465 in the six months ended June 30, 2026, from $2,093,880 in the comparable period in 2025. Lease operating expenses increased $167,085 (12%), gas deductions and other costs increased by $31,987 (11%) and gross production taxes i…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Please refer to the consolidated balance sheets and the consolidated statements of cash flows in this Form 10-Q to supplement the following discussion. In the first three months of 2026, we continued to fund our business activity using internal sources of cash. We had net cash provided by operating …

• Accounts payable and other current liabilities decreased $824,845 (70%) to $357,297 as of March 31, 2026, from $1,182,142 at December 31, 2025, primarily due to invoice timing on end of year activity that was paid subsequent to year end.

• Cash applied to the purchase of property, plant and equipment in the three months ended March 31, 2026, was $1,565,418, a decrease of $771,730 (33%) from cash applied to the purchase of property, plant and equipment in the comparable period in 2025 of $2,337,148. Unproved oil and gas properties acco…

• Cash applied to equity method and other investments in the three months ended March 31, 2026, was $353,400, an increase of $247,125 (233%) from $106,275 in the comparable period of 2025. Net purchases of equity securities was $101,436 in the three months ended March 31, 2026, with net sales of $312,…

• Operating Costs and Expenses. Operating costs and expenses increased $1,674,853 (73%) to $3,958,081 in the three months ended March 31, 2026, from $2,283,228 in the comparable period of 2025. See below for analysis of changes.

Text added vs the prior filing · source: 10-Q · 2026-08-14

• As defined in Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 (the "Exchange Act"), the term “disclosure controls and procedures” means controls and other procedures of an issuer that are designed to ensure

• that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, contr…

• The Company’s Principal Executive Officer and Principal Financial Officer evaluated the effectiveness of the Company’s disclosure controls and procedures. Based on this evaluation, they concluded that the Company’s disclosure controls and procedures were effective as of June 30, 2026.

• There were no changes in the Company’s internal control over financial reporting during the quarter ended June 30, 2026, that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting (as such term is defined in Rule 13a-15(f) an…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• As defined in Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 (the "Exchange Act"), the term “disclosure controls and procedures” means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports th…

• Our Principal Executive Officer and Principal Financial Officer evaluated the effectiveness of our disclosure controls and procedures. Based on this evaluation, they concluded that our disclosure controls and procedures were effective as of March 31, 2026.

• There were no changes in our internal control over financial reporting during the quarter ended March 31, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting (as such term is defined in Rule 13a-15(f) and 15d-15(f) of the …