RSRV — what changed in the latest 10-Q

Text added 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.

• Discussion of Significant Changes in the Consolidated Statements of Cash Flows. Net cash provided by operating activities was $2,731,218 in the three months ended March 31, 2026, an increase of $824,328 (43%) from cash provided by operations in the comparable period in 2025 of $1,906,890. For more i…

• 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,…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• 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 nine months of 2025, the Company continued to fund its business activity using internal sources of cash. The Company had net cash provi…

• Accounts receivable decreased $442,560 (16%) to $2,331,927 as of September 30, 2025, from $2,774,487 at December 31, 2024, primarily related to a decrease in oil and gas receivables caused by a decrease in the price and volume of expected oil production.

• Other current liabilities increased $20,003 (44%) to $65,183 as of September 30, 2025, from $45,180 at December 31, 2024, due to a decrease of $51,700 in payroll taxes resulting from the timing of payroll tax remittance, and an increase in state income and accrued property taxes of $71,703.

• Discussion of Significant Changes in the Consolidated Statements of Cash Flows. As noted in the first paragraph above, net cash provided by operating activities was $7,380,584 in the nine months ended September 30, 2025, an increase of $1,859,125 (34%) from cash provided by operations in the compara…

• Cash applied to the purchase of property, plant and equipment in the nine months ended September 30, 2025, was $8,084,208, an increase of $923,703 (13%) from cash applied to the purchase of property, plant and equipment in the comparable period in 2024 of $7,160,505.