Exhibit 99.4
CASH BASIS
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
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JUDGE: | Mark X Mulhn |
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION 6
MONTHLY OPERATING REPORT
MONTH | ENDING: | June | 2020 |
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| MONTH | YEAR |
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (CASH BASIS-I THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND,
TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY: |
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| Chief Restructurin£ Officer |
ORIGINAL SIGNATURE OFREPONSIBLE PARTY |
| TITLE | |
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Anthon}:'._ C. Schnur |
| 7/20/2020 | |
PRINTED NAME OF RESPONSIBLE PARTY |
| DATE | |
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| Controller | ||
| TITLE | ||
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Kimberly_ Thomen |
| 7/20/2020 | |
PRINTED NAME OF PREPARER |
| DATE | |
Monthly Operating Report
CASH BASIS-1
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
CASH RECEIPTS AND | Apr-20 |
| May-20 |
| Jun-20 |
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DISBURSEMENTS |
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1. CASH - BEGINNING OF MONTH | $ | 655.03 |
| $ | (581.33 | ) | $ | (581.33 | ) |
RECEIPTS |
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2. CASH SALES | $ | - |
| $ | - |
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3. ACCOUNTS RECEIVABLE COLLECTIONS | $ | - |
| $ | - |
| $ | 4,026.12 |
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4. LOANS AND ADVANCES | $ | - |
| $ | - |
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5. SALE OF ASSETS | $ | - |
| $ | - |
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6. LEASE & RENTAL INCOME | $ | - |
| $ | - |
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7. WAGES | $ | - |
| $ | - |
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8. OTHER (ATTACH LIST) | $ | - |
| $ | 6,876.15 |
| $ | 21,070.39 |
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9. TOTAL RECEIPTS | $ | - |
| $ | 6,876.15 |
| $ | 25,096.51 |
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DISBURSEMENTS | $ | - |
| $ | - |
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10. NET PAYROLL | $ | - |
| $ | - |
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11. PAYROLL TAXES PAID | $ | - |
| $ | - |
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12. SALES,USE & OTHER TAXES PAID | $ | - |
| $ | - |
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13. INVENTORY PURCHASES | $ | - |
| $ | - |
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14. MORTAGE PAYMENTS | $ | - |
| $ | - |
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15. OTHER SECURED NOTE PAYMENTS | $ | - |
| $ | - |
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16. RENTAL & LEASE PAYMENTS | $ | - |
| $ | - |
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17. UTILITIES | $ | 1,236.36 |
| $ | 100.50 |
| $ | 105.00 |
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18. INSURANCE | $ | - |
| $ | - |
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19. VEHICLE EXPENSES | $ | - |
| $ | - |
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20. TRAVEL | $ | - |
| $ | - |
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21. ENTERTAINMENT | $ | - |
| $ | - |
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22. REPAIRS & MAINTENANCE | $ | - |
| $ | 4,200.00 |
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23. SUPPLIES | $ | - |
| $ | - |
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24. ADVERTISING | $ | - |
| $ | - |
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25. HOUSEHOLD EXPENSES | $ | - |
| $ | - |
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26. CHARITABLE CONTRIBUTIONS | $ | - |
| $ | - |
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27. GIFTS | $ | - |
| $ | - |
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28. OTHER (ATTACH LIST) | $ | - |
| $ | 2,575.65 |
| $ | (381.33 | ) |
29. TOTAL ORDINARY DISBURSEMENTS | $ | 1,236.36 |
| $ | 6,876.15 |
| $ | (276.33 | ) |
REORGANIZATION EXPENSES |
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30. PROFESSIONAL FEES | $ | - |
| $ | - |
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31. U.S. TRUSTEE FEES | $ | - |
| $ | - |
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32. OTHER (ATTACH LIST) | $ | - |
| $ | - |
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33. TOTAL REORGANIZATION EXPENSES | $ | - |
| $ | - |
| $ | - |
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34. TOTAL DISBURSEMENTS | $ | 1,236.36 |
| $ | 6,876.15 |
| $ | (276.33 | ) |
35. NET CASH FLOW | $ | (1,236.36 | ) | $ | - |
| $ | 25,372.84 |
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36. CASH - END OF MONTH | $ | (581.33 | ) | $ | (581.33 | ) | $ | 24,791.51 |
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Monthly Operating Report
CASH BASIS-1A
2020
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
CASH DISBURSEMENTS DETAIL | MONTH: | June | |||
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CASH DISBURSEMENTS | |||||
| DATE | PAYEE | PURPOSE | AMOUNT | |
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TOTAL CASH DISBURSEMENTS | $ | - | |||
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BANK ACCOUNT DISBURSEMENTS | |||||
CK# | DATE | PAYEE | PURPOSE | AMOUNT | |
51001 | 06/11/20 | Vermilion Parish Clerk | Critical Vendor | $ | 105.00 |
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| TOTAL BANK ACCOUNT DISBURSEMENTS | $ | 105.00 | ||
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TOTAL DISBURSEMENTS FOR THE MONTH | $ | 105.00 | |||
Monthly Operating Report
CASH BASIS-2
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
BANK RECONCILIATIONS |
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| Acct #1 |
| Acct #2 |
| Acct #3 |
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A. BANK: | Allegiance Bank |
| Allegiance Bank |
| Legacy Texas |
| TOTAL |
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B. ACCOUNT NUMBER: | 2303 |
| 2337 |
| 2687 |
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C. PURPOSE (TYPE): | Davis Operating |
| Davis Revenue |
| Davis Op. Acct |
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1. BALANCE PER BANK STATEMENT | $ | - |
| $ | - |
| $ | - |
| $ | - |
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2. ADD: TOTAL DEPOSITS NOT CREDITED | $ | 238.16 |
| $ | - |
| $ | - |
| $ | 238.16 |
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3. SUBTRACT: OUTSTANDING CHECKS | $ | 200.00 |
| $ | - |
| $ | - |
| $ | 200.00 |
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4. OTHER RECONCILING ITEMS | $ | 12,707.97 |
| $ | 12,045.38 |
| $ | - |
| $ | 24,753.35 |
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5. MONTH END BALANCE PER BOOKS | $ | 12,746.13 |
| $ | 12,045.38 |
| $ | - |
| $ | 24,791.51 |
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6. NUMBER OF LAST CHECK WRITTEN | 51003 |
| wire transfer |
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INVESTMENT ACCOUNTS |
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| DATE OF |
| TYPE OF |
| PURCHASE |
| CURRENT |
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BANK, ACCOUNT NAME & NUMBER | PURCHASE |
| INSTRUMENT |
| PRICE |
| VALUE |
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7. |
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8. |
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9. |
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10. |
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11. TOTAL INVESTMENTS |
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| $ | - |
| $ | - |
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CASH |
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12. CURRENCY ON HAND |
| $ | - |
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13. TOTAL CASH - END OF MONTH |
| $ | 24,791.51 |
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(1) | In April 2020, Yuma Energy was informed that it's primary banking institution, Legacy Texas, would close Yuma's accounts effective May 29, 2020. Even though Legacy Texas would be merging with Prosperity Bank on June 8, 2020, Prosperity Bank was not willing to accommodate Yuma Energy's DIP bank accounts. Yuma was required to seek a new banking institution willing to open DIP accounts for Yuma. Allegiance Bank agreed to open accounts for Yuma and subsidiaries on 5/26/20, with the accounts fully opened on 5/29/2020. The Yuma Companies Inc. opened account 100412237 with Allegiance Bank and transferred all funds from Davis Petroleum and Yuma E&P to the new The Yuma Companies DIP account. |
(2) | Negative cash amount reflects prepetition checks which have not been voided. |
Monthly Operating Report
CASH BASIS-3
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
ASSETS OF THE ESTATE |
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SCHEDULE "A" | SCHEDULE |
| Apr-20 |
| May-20 |
| Jun-20 |
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REAL PROPERTY | AMOUNT |
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1. Total Current Assets | $ | - |
| $ | 626,234.75 |
| $ | 649,090.60 |
| $ | 698,164.75 |
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2. Net Oil and Gas Properties | $ | - |
| $ | 4,342,755.22 |
| $ | 4,342,755.22 |
| $ | 4,342,755.22 |
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3. Net Other Property | $ | - |
| $ | 17,493.44 |
| $ | 17,285.18 |
| $ | 17,076.93 |
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4. OTHER (ATTACH LIST) | $ | 5,314,612.00 |
| $ | 1,025,099.43 |
| $ | 1,025,099.43 |
| $ | 1,025,099.43 |
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5. TOTAL REAL PROPERTY ASSETS | $ | 5,314,612.00 |
| $ | 6,011,582.84 |
| $ | 6,034,230.43 |
| $ | 6,083,096.33 |
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SCHEDULE "B" |
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PERSONAL PROPERTY |
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1. CASH ON HAND |
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2. CHECKING, SAVINGS, ETC. |
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3. SECURITY DEPOSITS |
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4. HOUSEHOLD GOODS |
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5. BOOKS, PICTURES, ART |
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6. WEARING APPAREL |
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7. FURS AND JEWELRY |
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8. FIREARMS & SPORTS EQUIPMENT |
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9. INSURANCE POLICIES |
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10. ANNUITIES |
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11. EDUCATION |
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12. RETIREMENT & PROFIT SHARING |
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13. STOCKS |
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14. PARTNERSHIPS & JOINT VENTURES |
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15. GOVERNMENT & CORPORATE BONDS |
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16. ACCOUNTS RECEIVABLE |
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17. ALIMONY |
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18. OTHER LIQUIDATED DEBTS |
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19. EQUITABLE INTERESTS |
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20. CONTINGENT INTERESTS |
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21. OTHER CLAIMS |
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22. PATENTS & COPYRIGHTS |
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23. LICENSES & FRANCHISES |
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24. CUSTOMER LISTS |
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25. AUTOS, TRUCKS & OTHER VEHICLES |
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26. BOATS & MOTORS |
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27. AIRCRAFT |
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28. OFFICE EQUIPMENT |
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29. MACHINERY, FIXTURES & EQUIPMENT |
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30. INVENTORY |
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31. ANIMALS |
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32. CROPS |
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33. FARMING EQUIPMENT |
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34. FARM SUPPLIES |
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35. OTHER (ATTACH LIST) | $ | 704,038.99 |
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36. TOTAL PERSONAL PROPERTY ASSETS | $ | 704,038.99 |
| $ | - |
| $ | - |
| $ | - |
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37. TOTAL ASSETS | $ | 6,018,650.99 |
| $ | 6,011,582.84 |
| $ | 6,034,230.43 |
| $ | 6,083,096.33 |
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Monthly Operating Report
CASH BASIS-4
CASE NAME: | In re: Davis Petroleum Corp. |
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CASE NUMBER: | Case No. 20-41453-11 |
MONTH: |
| June |
LIABILITIES OF THE ESTATE |
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PREPETITION | SCHEDULE |
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LIABILITIES | AMOUNT |
| PAYMENTS |
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1. SECURED | $ | - |
| $ | - |
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2. PRIORITY | $ | 1,692,428.59 |
| $ | - |
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3. UNSECURED | $ | 2,189,469.96 |
| $ | - |
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4. OTHER (ATTACH LIST) | $ | - |
| $ | - |
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5. TOTAL PREPETITION LIABILITIES | $ | 3,881,898.55 |
| $ | - |
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POSTPETITION | DATE |
| AMOUNT |
| DUE |
| AMOUNT |
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LIABILITIES | INCURRED |
| OWED |
| DATE |
| PAST DUE |
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1. FEDERAL INCOME TAXES |
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2. FICA/MEDICARE |
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3. STATE TAXES |
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4. REAL ESTATE TAXES |
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5. OTHER TAXES (ATTACH LIST) |
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6. TOTAL TAXES |
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| $ | - |
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OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) |
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7. Masters Creek Operator Services | 05/01/20 |
| $ | 1,800.00 |
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| 05/31/20 |
| $ | 1,800.00 |
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8. Masters Creek Operator Services | 05/01/20 |
| $ | 1,200.00 |
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| 05/31/20 |
| $ | 1,200.00 |
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9. Masters Creek Operator Services | 05/01/20 |
| $ | 1,200.00 |
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| 05/31/20 |
| $ | 1,200.00 |
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10. Crimson Exploration Operating | 5/8/20 |
| $ | 14,369.19 |
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| 06/08/20 |
| $ | 14,369.19 |
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11. Masters Creek Operator Services | 05/26/20 |
| $ | 2,400.00 |
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| 06/25/20 |
| $ | 2,400.00 |
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12. Masters Creek Operator Services | 05/27/20 |
| $ | 2,400.00 |
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| 06/26/20 |
| $ | 2,400.00 |
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13. Masters Creek Operator Services | 05/28/20 |
| $ | 2,400.00 |
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| 06/27/20 |
| $ | 2,400.00 |
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14. Compuforms Data Products | 6/4/20 |
| $ | 410.24 |
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| 07/04/20 |
| $ | 410.24 |
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15. Pleasure Island | 06/01/20 |
| $ | 87.50 |
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| 07/01/20 |
| $ | 87.50 |
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16. |
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17. |
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18. |
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19. |
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20. |
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21. |
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22. |
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23. |
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24. |
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25. |
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26. |
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27. |
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28. |
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29. (IF ADDITIONAL ATTACH LIST) |
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30. TOTAL OF LINES 7 - 29 |
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| $ | 26,266.93 |
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| $ | 26,266.93 |
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31. TOTAL POSTPETITION LIABILITIES |
|
|
| $ | 26,266.93 |
|
|
|
| $ | 26,266.93 |
|
Monthly Operating Report
CASH BASIS-4A
CASE NAME: | In re: Davis Petroleum Corp. |
| |
CASE NUMBER: | Case No. 20-41453-11 |
MONTH: |
| June |
ACCOUNTS RECEIVABLE AGING | SCHEDULE AMOUNT | Apr-20 | May-20 | Jun-20 | ||||
1. 0 - 30 | $ | 3,305.11 | $ | 3,305.11 | $ | 32,624.18 | $ | (1,930.97) |
2. 31 - 60 | $ | - | $ | (2,430.81) | $ | (184,577.13) | $ | 5,386.77 |
3. 61 - 90 | $ | - | $ | (18,099.63) | $ | - | $ | (417.92) |
4. 91 + | $ | 621,560.32 | $ | 621,560.32 | $ | 761,674.71 | $ | 602,657.76 |
5. TOTAL ACCOUNTS RECEIVABLE | $ | 624,865.43 | $ | 604,334.99 | $ | 609,721.76 | $ | 605,695.64 |
6. AMOUNT CONSIDERED UNCOLLECTIBLE | $ | 82,530.44 | $ | 31,000.00 | $ | 31,000.00 | $ | 31,000.00 |
7. ACCOUNTS RECEIVABLE (NET) | $ | 542,334.99 | $ | 573,334.99 | $ | 578,721.76 | $ | 574,695.64 |
|
|
|
|
|
|
|
|
|
AGING OF POSTPETITION TAXES AND PAYABLES | 0 - 30 DAYS | 31-60 DAYS | 90+ DAYS | Total | ||||
TAXES PAYABLE | ||||||||
1. FEDERAL |
|
|
|
|
|
| $ | - |
2. STATE |
|
|
|
|
|
| $ | - |
3. LOCAL |
|
|
|
|
|
| $ | - |
4. OTHER (ATTACH LIST) |
|
|
|
|
|
| $ | - |
5. TOTAL TAXES PAYABLE | $ | - | $ | - | $ | - | $ | - |
6. ACCOUNTS PAYABLE | $ | 29,481.36 | $ | 28,634.15 | $ | - | $ | 58,115.51 |
|
|
|
|
|
|
|
|
|
STATUS OF POSTPETITION TAXES
FEDERAL | BEGINNING TAX LIABILITY | AMOUNT WITHHELD OR ACCRUED | AMOUNT PAID | ENDING TAX LIABILITY | ||||
1. WITHHOLDING |
|
|
|
|
|
| $ | - |
2. FICA-EMPLOYEE |
|
|
|
|
|
| $ | - |
3. FICA-EMPLOYER |
|
|
|
|
|
| $ | - |
4. UNEMPLOYMENT |
|
|
|
|
|
| $ | - |
5. INCOME |
|
|
|
|
|
| $ | - |
6. OTHER (ATTACH LIST) |
|
|
|
|
|
| $ | - |
7. TOTAL FEDERAL TAXES | $ | - | $ | - | $ | - | $ | - |
STATE AND LOCAL |
|
|
|
|
|
| $ | - |
8. WITHHOLDING |
|
|
|
|
|
| $ | - |
9. SALES |
|
|
|
|
|
| $ | - |
10. EXCISE |
|
|
|
|
|
| $ | - |
11. UNEMPLOYMENT |
|
|
|
|
|
| $ | - |
12. REAL PROPERTY |
|
|
|
|
|
| $ | - |
13. PERSONAL PROPERTY |
|
|
|
|
|
| $ | - |
14. OTHER (ATTACH LIST) |
|
|
|
|
|
| $ | - |
15. TOTAL STATE & LOCAL | $ | - | $ | - | $ | - | $ | - |
16. TOTAL TAXES | $ | - | $ | - | $ | - | $ | - |
Monthly Operating Report
CASH BASIS-5
CASE NAME: | In re: Davis Petroleum Corp. |
| |
CASE NUMBER: | Case No. 20-41453-11 |
MONTH: | June |
|
|
PAYMENTS TO INSIDERS AND PROFESSIONALS | |||
| |||
INSIDERS | |||
NAME | TYPE OF PAYMENT | AMOUNT PAID | TTL PD TO DATE |
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
5. |
|
|
|
TOTAL PAYMENTS TO INSIDERS | $ - | $ - | |
PROFESSIONALS | |||||
NAME | DATE OF COURT ORDER AUTHORIZING PAYMENT | AMOUNT APPROVED | AMOUNT PAID | TTL PAID TO DATE | TOTAL INCURRED & UNPAID |
1. |
|
|
|
|
|
2. |
|
|
|
|
|
3. |
|
|
|
|
|
4. |
|
|
|
|
|
5. |
|
|
|
|
|
TOTAL PAYMENTS TO PROFESSIONALS | $ - | $ - | $ - | $ - | |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS | |||
|
|
|
|
NAME OF CREDITOR | SCHEDULED MONTHLY PAYMENTS DUE | AMOUNTS PAID DURING MONTH | TOTAL UNPAID POST- PETITION |
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
5. |
|
|
|
6. TOTAL | $ - | $ - | $ - |
Monthly Operating Report
CASH BASIS-6
2020
CASE NAME: | In re: Davis Petroleum Corp. |
| |
CASE NUMBER: | Case No. 20-41453-11 |
MONTH: | June |
|
|
QUESTIONNAIRE |
| |
| YES | NO |
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
| X |
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
| X |
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES? |
| X |
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
| X |
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
| X |
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
| X |
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
| X |
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
| X |
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
| X |
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? | X |
|
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
| X |
12. ARE ANY WAGE PAYMENTS PAST DUE? |
| X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Agreed that payments would be made at sale closing which has been delayed. |
INSURANCE |
| |
| YES | NO |
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? | X |
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? | X |
|
3. PLEASE ITEMIZE POLICIES BELOW |
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Agreed that payments would be made at sale closing, and sale closing has been delayed. |
INSTALLMENT PAYMENTS |
| ||
TYPE OF POLICY |
CARRIER | PERIOD COVERED | PAYMENT AMOUNT & FREQUENCY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet ‐ Davis Petroleum Corp
As of 6/30/2020
Assets |
|
|
| Liabilities and Equity |
|
|
Cash and cash equivalents | $ | 24,792 |
| Current maturities‐bank debt | $ | ‐ |
Trade receivables |
| 605,696 |
| Notes payable‐ short term |
| ‐ |
Joint venture partner rec |
| 15,267 |
| Current maturities‐other |
| ‐ |
Oil and gas revenue |
| 87,560 |
| Current maturities debt | $ | ‐ |
Allowance ‐ trade A/R |
| (31,000) |
|
|
|
|
Officers and employees |
| ‐ |
| Accounts payable ‐ trade | $ | 1,702,399 |
Other |
| 54,336 |
| Accounts payable ‐ officer |
| ‐ |
Allowance ‐ other A/R |
| ‐ |
| JV Partner Advances |
| 50,882 |
Prepaids |
| (58,486) |
| Oil & gas distribution payable |
| 1,222,745 |
Deferred charges and other |
| ‐ |
| Intercompany advances, net |
| (2,401,682) |
Total Current Assets | $ | 698,165 |
| Accounts payable | $ | 574,344 |
|
|
|
|
|
|
|
Property and Equipment |
|
|
| Other deferred credits | $ | ‐ |
Not subject to amortization | $ | 245,779 |
| Short term lease liability |
| 201,739 |
Subject to amortization |
| 432,753,686 |
| Asset retirement obligations |
| ‐ |
Depletion |
| (428,656,710) |
| Accrued expenses and other |
| 1,056,088 |
Net Oil and Gas Properties | $ | 4,342,755 |
| Total Current Liabilities | $ | 1,832,171 |
|
|
|
|
|
|
|
Construction in progress | $ | ‐ |
| Bank debt | $ | ‐ |
Other property and equipment |
| 24,990 |
| Total Long‐Term Debt | $ | ‐ |
Accum DD&A other prop |
| (7,914) |
|
|
|
|
Net Other Property | $ | 17,077 |
| Other Long‐Term Liabilities |
|
|
|
|
|
| Asset retirement obligation | $ | 4,628,397 |
Other Assets |
|
|
| Long term lease liability |
| 770,118 |
Receivables from affiliate | $ | ‐ |
| Deferred rent credit |
| ‐ |
Investment in subs & prtnshp |
| ‐ |
| Restricted stock units |
| ‐ |
Deposits |
| 53,242 |
| Other |
| ‐ |
Operating right‐of‐use leases |
| 971,857 |
| Total Other Long‐Term Liabilities | $ | 5,398,515 |
Public offering costs |
| ‐ |
|
|
|
|
Other assets |
| ‐ |
| Total Liabilities | $ | 7,230,686 |
Total Other Assets | $ | 1,025,099 |
|
|
|
|
|
|
|
| Equity |
|
|
Total Assets | $ | 6,083,096 |
| Common stock | $ | ‐ |
|
|
|
| Preferred stock |
| ‐ |
|
|
|
| Capital in excess of par |
| 34,359,856 |
|
|
|
|
|
|
|
|
|
|
| Distributions | $ | ‐ |
|
|
|
| Retained earnings |
| (34,713,542) |
|
|
|
| Current period income(loss) |
| (793,904) |
|
|
|
| Preferred stock accretion |
| - |
|
|
|
| Retained earnings | $ | (35,507,446) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Treasury stock, at cost | $ | ‐ |
|
|
|
| Total Equity | $ | (1,147,590) |
|
|
|
|
|
|
|
|
|
|
| Total Liabilities and Equity | $ | 6,083,096 |
Notes:
Balance Sheet ‐ Davis
Beginning Balance
Receipts |
|
|
|
| $ | (581.33) |
Check Number | Date | Payor | Purpose | Type |
| Amount |
N/A | 06/01/20 | Castex | Payment ‐ JIB |
| $ | 1,879.24 |
| 06/12/20 | Compressed Air Systems |
| Voided Check | $ | 496.08 |
| 06/12/20 | Jeff Davis Electric Coop |
| Voided Check | $ | 85.25 |
| 06/23/20 | Wadi Petroleum | Payment ‐ JIB |
| $ | 933.73 |
| 06/23/20 | Castex | Payment ‐ JIB |
| $ | 974.99 |
| 06/23/20 | Balidor O&G | Revenue |
| $ | 499.51 |
| 06/23/20 | Balidor O&G | Revenue |
| $ | 570.88 |
| 06/26/20 | Castex | Payment ‐ JIB |
| $ | 238.16 |
| 06/30/20 | Transfer from Yuma Companies |
| Internal Transfer | $ | 10,000.00 |
| 06/30/20 | Transfer from Yuma Companies |
| Internal Transfer | $ | 10,000.00 |
Total |
|
|
|
| $ | 25,677.8 |
Disbursements |
|
|
|
|
|
|
Check Number | Date | Payee | Purpose | Category |
| Amount |
51001 | 06/11/20 | Verizon Wireless | Critical Vendor |
| $ | 105.00 |
51003 | 06/12/20 | State of Louisiana | Critical Vendor |
| $ | 200.00 |
Total |
|
|
|
| $ | 305.00 |
Ending Balance |
|
|
|
| $ | 24,791.51 |
Receipts and Disbursements