Yuma Energy 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 12, 2014
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'Yuma Energy, Inc.	'
Entity Central Index Key	'0000081318	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'YUMA	'
Entity Common Stock, Shares Outstanding	'	68,865,962
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$9,562,262	$4,194,511
Short-term investments	1,154,281	0
Trade Accounts receivable, net of allowance for doubtful accounts:	9,520,345	10,837,211
Stockholder and employees Accounts receivable, net of allowance for doubtful accounts:	85,870	155,080
Other Accounts receivable, net of allowance for doubtful accounts:	991,732	417,850
Commodity derivative instruments	383,603	0
Prepayments	789,083	433,991
Deferred taxes	0	146,964
Other deferred charges	304,120	162,416
TOTAL CURRENT ASSETS	22,791,296	16,348,023
OIL AND GAS PROPERTIES (full cost method):	'	'
Not subject to amortization	38,463,577	24,051,278
Subject to amortization	166,776,420	152,863,988
Subtotal	205,239,997	176,915,266
Less: accumulated depreciation, depletion and amortization	-99,943,199	-84,438,840
Net oil and gas properties	105,296,798	92,476,426
OTHER PROPERTY AND EQUIPMENT:	'	'
Land, buildings and improvements	2,795,000	0
Other property and equipment	3,492,904	2,066,760
Total	6,287,904	2,066,760
Less - accumulated depreciation and amortization	-1,922,849	-1,822,925
Net other property and equipment	4,365,055	243,835
OTHER ASSETS AND DEFERRED CHARGES:	'	'
Commodity derivative instruments	548,573	818,637
Deposits	252,684	0
Receivables from affiliate	0	95,634
Goodwill	5,740,315	0
Other noncurrent assets	479,389	1,649,413
Total other assets and deferred charges	7,020,961	2,563,684
TOTAL ASSETS	139,474,110	111,631,968
CURRENT LIABILITIES:	'	'
Current maturities of debt	565,166	178,027
Accounts payable, principally trade	23,648,139	15,116,560
Commodity derivative instruments	0	677,132
Asset retirement obligations	931,154	1,755,650
Other accrued liabilities	2,390,907	1,127,283
TOTAL CURRENT LIABILITIES	27,535,366	18,854,652
LONG-TERM DEBT:	'	'
Bank debt	24,965,000	31,215,000
OTHER NONCURRENT LIABILITIES:	'	'
Preferred stock derivative liability, Series A and B	0	51,290,414
Asset retirement obligations	11,591,497	8,942,029
Commodity derivative instruments	20,849	218,649
Deferred taxes	16,181,229	13,160,205
Restricted stock units	178,922	102,532
Other noncurrent liabilities	57,677	69,998
Total other noncurrent liabilities	28,030,174	73,783,827
PREFERRED STOCK:	'	'
Series A and B, subject to mandatory redemption	0	35,666,342
EQUITY:	'	'
Common stock, no par value Authorized (300 million shares authorized, 68,865,962 and 41,074,953 issued)	133,865,431	2,669,465
Accumulated other comprehensive income	37,007	38,770
Accumulated earnings (deficit)	-74,958,868	-50,596,088
Total equity	58,943,570	-47,887,853
Total liabilities and equity	$139,474,110	$111,631,968

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS [Parenthetical]	Sep. 30, 2014	Dec. 31, 2013
Balance Sheet Parentherical [Abstract]	'	'
Common stock, shares authorized	300,000,000	300,000,000
Common Stock, shares, Issued	68,865,962	41,074,953

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES:	'	'	'	'
Sales of natural gas and crude oil	$10,229,280	$5,878,954	$30,564,244	$19,431,906
Other revenue	341,819	308,092	885,455	739,584
Total revenues	10,571,099	6,187,046	31,449,699	20,171,490
EXPENSES:	'	'	'	'
Marketing cost of sales	408,559	298,492	1,012,577	936,632
Lease operating	2,838,055	2,394,813	9,761,203	6,371,172
Re-engineering and workovers	778,628	245,528	1,330,539	1,513,767
General and administrative - stock-based compensation	521,978	17,961	598,818	427,374
General and administrative - other	2,396,780	1,224,903	7,335,901	3,814,439
Depreciation, depletion and amortization	3,865,675	3,203,017	15,604,283	7,315,103
Asset retirement obligation accretion expense	150,628	187,025	438,717	464,306
Other	55,102	136,222	83,117	127,602
Total expenses	11,015,405	7,707,961	36,165,155	20,970,395
INCOME (LOSS) FROM OPERATIONS	-444,306	-1,520,915	-4,715,456	-798,905
OTHER INCOME (EXPENSE):	'	'	'	'
Change in fair value of preferred stock derivative liability - Series A and Series B	-11,172,928	15,382,964	-15,676,842	-7,581,234
Interest expense	-114,405	-64,076	-321,680	-488,788
Other, net	2,970	-23,325	5,634	-197,247
Total other income (expense)	-11,284,363	15,295,563	-15,992,888	-8,267,269
NET INCOME (LOSS) BEFORE INCOME TAXES	-11,728,669	13,774,648	-20,708,344	-9,066,174
Income tax expense (benefit)	-576,632	-2,040,000	-1,710,632	-1,998,800
NET INCOME (LOSS)	-11,152,037	15,814,648	-18,997,712	-7,067,374
PREFERRED STOCK, SERIES A AND SERIES B:	'	'	'	'
Accretion	220,007	275,757	786,536	821,630
Dividends paid in cash	346,192	0	445,152	59,850
Dividends paid in kind	0	0	4,133,380	2,228,545
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	($11,718,236)	$15,538,891	($24,362,780)	($10,177,399)
EARNINGS (LOSS) PER COMMON SHARE: BASIC	($0.25)	$0.38	($0.56)	($0.25)
EARNINGS (LOSS) PER COMMON SHARE: DILUTED	($0.25)	$0.24	($0.56)	($0.25)
Weighted average number of common shares outstanding Basic	47,414,388	41,074,950	43,211,317	41,015,124
Weighted average number of common shares outstanding Diluted	47,414,388	64,235,086	43,211,317	41,015,124

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statements Of Comprehensive Income	'	'	'	'
NET INCOME (LOSS)	($11,152,037)	$15,814,648	($18,997,712)	($7,067,374)
OTHER COMPREHENSIVE INCOME:	'	'	'	'
Reclassification of gain on settled commodity derivatives	-7,117	-103,210	-2,867	-339,266
Less income taxes	-2,740	-39,736	-1,104	-130,618
OTHER COMPREHENSIVE INCOME	-4,377	-63,474	-1,763	-208,648
COMPREHENSIVE INCOME (LOSS)	($11,156,414)	$15,751,174	($18,999,475)	($7,276,022)

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($18,997,712)	($7,067,374)
Increase in fair value of preferred stock derivative liability	15,676,842	7,581,234
Depreciation, depletion and amortization of property and equipment	15,604,283	7,315,103
Accretion of asset retirement obligation	438,717	464,306
Stock-based compensation net of capitalized cost	598,819	427,374
Amortization of other assets and liabilities	140,954	117,951
Deferred tax expense (benefit)	-1,710,632	-1,998,800
Bad debt expense	85,101	149,611
Gain on disposal of property and equipment	0	-19,500
Write off deferred offering costs	1,257,160	0
Write off credit financing costs	0	313,652
Amortization of benefit from commodity derivatives (sold) and purchased, net	-70,313	-54,450
Net commodity derivatives mark-to-market gain	-921,026	-439,478
Other	2,057	-1,716
Changes in current operating assets and liabilities:	'	'
Accounts receivable	1,868,318	-634,350
Note receivable	0	216
Other current assets	-274,235	426,186
Accounts payable	8,024,528	7,472,589
Other current liabilities	1,007,872	951,624
Noncurrent payable to commodity derivative advisor and deferred commodity derivative premiums	-36,824	0
NET CASH PROVIDED BY OPERATING ACTIVITIES	22,693,909	15,004,178
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures on property and equipment	-17,901,264	-22,313,654
Proceeds from sale of property	307,600	698,766
Cash received from reverse merger	4,550,082	0
Short-term investments retired	2,142,128	0
Decrease (increase) in noncurrent receivable from affiliate	95,634	-2,493
NET CASH USED BY INVESTING ACTIVITIES	-10,805,820	-21,617,381
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from borrowing	901,257	872,754
Payments on borrowings	-514,118	-613,691
Change in borrowing on line of credit	-6,250,000	6,740,000
Line of credit financing costs	-47,291	-556,276
Preparation costs to issue perpetual preferred stock	-165,034	0
Deferred offering costs	0	-234,679
Cash dividends to preferred stockholders	-445,152	-59,850
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	-6,520,338	6,148,258
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,367,751	-464,945
Cash and cash equivalents at beginning of period	4,194,511	5,285,022
Cash and cash equivalents at end of period	9,562,262	4,820,077
Supplemental disclosure of cash flow information:	'	'
Interest payments (net of interest capitalized)	210,323	-23,569
Interest capitalized	767,908	788,214
Supplemental disclosure of significant non-cash activity:	'	'
Preferred dividends paid in kind	$4,133,380	$2,228,545

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Common Stock	CAPITAL IN EXCESS OF PAR VALUE OF COMMON STOCK:	Accumulated Other Comprehensive Income / Loss	Accumulated Earnings /Deficit	Total
Beginning Balance, Amount at Dec. 31, 2012	$540	$2,182,293	$268,841	($10,885,832)	'
Retroactive effect of change to no par value upon merger closing on September 10, 2014	2,182,293	-2,182,293	'	'	'
Employee restricted stock awards (178,732 shares, vested April 1, 2013, issued September 11, 2014)	486,632	'	'	'	'
Comprehensive income (loss) from commodity derivative instruments, net of income taxes	'	'	-230,071	'	'
Net loss attributable to Yuma Energy, Inc.	'	'	'	-33,050,103	'
Preferred stock accretion (Series A and B)	'	'	'	-1,101,972	'
Preferred stock cash dividends (Series A and B)	'	'	'	-145,900	'
Preferred stock dividends paid in kind (Series A and B)	'	'	'	-5,412,281	'
Ending Balance, Amount at Dec. 31, 2013	2,669,465	0	38,770	-50,596,088	-47,887,853
Convert Series A preferred stock to 15,112,295 shares of common stock on September 10, 2014	71,028,086	'	'	'	'
Convert Series B preferred stock to 7,771,192 shares of common stock on September 10, 2014	36,524,852	'	'	'	'
Pyramid Oil Company 4,788,085 shares outstanding last day of trading September 10, 2014	22,504,000	'	'	'	'
Fair value of Pyramid Oil Company stock options	100,500	'	'	'	'
Employee restricted stock awards (107,291 shares, vested and issued September 11, 2014)	537,528	'	'	'	'
Stock awards (100,000 shares) to employees, directors and consultants of Pyramid Oil Company vested upon the change in control and issued September 11, 2014	501,000	'	'	'	'
Comprehensive income (loss) from commodity derivative instruments, net of income taxes	'	'	-1,763	'	41,479
Net loss attributable to Yuma Energy, Inc.	'	'	'	-18,997,712	-18,997,712
Preferred stock accretion (Series A and B)	'	'	'	-786,536	'
Preferred stock cash dividends (Series A and B)	'	'	'	-445,152	'
Preferred stock dividends paid in kind (Series A and B)	'	'	'	-4,133,380	'
Ending Balance, Amount at Sep. 30, 2014	$133,865,431	$0	$37,007	($74,958,868)	$58,943,570

A_BASIS_OF_PRESENTATION

A. BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
A. BASIS OF PRESENTATION	'
	These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments necessary for a fair statement of the results for the periods reported. All such adjustments are of a normal recurring nature unless disclosed otherwise. These consolidated financial statements, including notes, have been condensed and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 2013 and the notes thereto included with the Current Report on Form 8-K/A of the Company filed with the Securities and Exchange Commission (“SEC”) on September 22, 2014.
	On September 10, 2014, a wholly owned subsidiary of Pyramid Oil Company merged with and into Yuma Energy, Inc., a Delaware corporation (“Yuma Co.”), in exchange for shares of its common stock, and Pyramid subsequently changed its name to Yuma Energy, Inc. (the “merger”). As a result of the merger, the former Yuma Co. common and preferred stockholders received approximately 66,336,701 shares or 93% of the then-outstanding common stock of Pyramid, and thus acquired voting control. Although Pyramid was the legal acquirer, for financial reporting purposes the merger was accounted for as a reverse acquisition of Pyramid by Yuma Co. See Note J –Merger with Pyramid Oil Company for additional information.

B_FAIR_VALUE_MEASUREMENTS

B. FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
B. FAIR VALUE MEASUREMENTS	'
	Certain financial instruments are reported at fair value on the Consolidated Balance Sheets. Under fair value measurement accounting guidance, fair value is defined as the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants, i.e., an exit price. To estimate an exit price, a three-level hierarchy is used. The fair value hierarchy prioritizes the inputs, which refer broadly to assumptions market participants would use in pricing an asset or a liability, into three levels. Yuma Energy, Inc. (“the Company”) uses a market valuation approach based on available inputs and the following methods and assumptions to measure the fair values of its assets and liabilities, which may or may not be observable in the market.
	Fair Value of Financial Instruments (other than Commodity Derivative, see below) – The carrying values of financial instruments, excluding commodity derivatives, comprising current assets and current liabilities approximate fair values due to the short-term maturities of these instruments.
	Derivatives – The fair values of the Company’s commodity derivatives are considered Level 2 as their fair values are based on third-party pricing models which utilize inputs that are either readily available in the public market, such as natural gas and oil forward curves and discount rates, or can be corroborated from active markets or broker quotes. These values are then compared to the values given by the Company’s counterparties for reasonableness. The Company is able to value the assets and liabilities based on observable market data for similar instruments, which results in the Company using market prices and implied volatility factors related to changes in the forward curves. Derivatives are also subject to the risk that counterparties will be unable to meet their obligations. Because the Company’s commodity derivative counterparty was Société Générale at September 30, 2014, the Company has not considered non-performance risk in the valuation of its derivatives.
	Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques, and at least one significant model assumption or input is unobservable. For the Company, Level 3 financial liabilities consisted of embedded derivatives related to the conversion features in the Series A Preferred Stock issued and outstanding July 1, 2011, and the Series B Preferred Stock issued and outstanding in July and August of 2012. As there was no current market for these securities, the determination of fair value required significant judgment or estimation. The Company valued the automatic conditional conversion, re-pricing/down-round, change of control, and default Series A and Series B Preferred Stock provisions using a Monte Carlo simulation model, with the assistance of an independent valuation consultant. These models incorporated transaction details such as the stock price of comparable companies in the same industry, contractual terms, maturity, and risk free interest rates, as well as assumptions about future financings, volatility, and holder behavior as of issuance, and each quarter thereafter for each of the Series A and the Series B Preferred Stock.
		Fair value measurements at September 30, 2014
			Significant
		Quoted Prices	Other	Significant
		in Active	Observable	Unobservable
		Markets	Inputs	Inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$873,601	$ -	$873,601
	Commodity derivatives – gas	-	58,575	-	58,575
	Total assets	$ -	$932,176	$ -	$932,176
	Liabilities:
	Commodity derivatives – gas	$ -	$20,849	$ -	$20,849
	Preferred stock derivative liability	-	-	-	-
	Total Liabilities	$ -	$20,849	$ -	$20,849
		Fair value measurements at December 31, 2013
			Significant
		Quoted Prices	Other	Significant
		in Active	Observable	Unobservable
		Markets	Inputs	Inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$818,637	$ -	$818,637
	Total assets	$ -	$818,637	$ -	$818,637
	Liabilities:
	Commodity derivatives – gas	$ -	$472,564	$ -	$472,564
	Commodity derivatives – oil	-	423,217	-	423,217
	Preferred stock derivative liability	-	-	51,290,414	51,290,414
	Total Liabilities	$ -	$895,781	$51,290,414	$52,186,195
	Commodity derivative instruments listed above include collars, swaps, and three-way collars. For additional information on the Company’s commodity derivatives, see Note C – Commodity Derivative Instruments.
	At June 30, 2014 and as of the end of each of the prior quarters, level 3 inputs were used as inputs to a Monte Carlo option pricing model to calculate the value of Series A and Series B Preferred Stock and common stock. The June 30, 2014 calculation resulted in a value per share on a fully diluted and as-converted basis of $3,061. The actual simulation considered an approximate log-normal distribution for the market capital of the Company, and was estimated to evolve monthly over time (two steps per month) through February 28, 2015. At June 30, 2014, it was assumed that, in the event of a failed merger or other events, there was some modest probability that at the end of 2014 or early in 2015, the Company would either complete a Liquidity Event (as described in Note D – Stock Awards and Their Treatment) or be sold. Each simulation considered and accounted for the probability of the completion of a Liquidity Event with some probability in each half-month time period in 2014. The volatility was assumed to be 39.45% and was derived from implied volatilities of a number of public companies (tickers: AXAS, CRK, CRZO, GDP, PQ, SFY, SGY and WRES) adjusted for the Company’s relatively lower amount of financial leverage at June 30, 2014.
	On September 10, 2014, the value of the preferred stock and associated derivative was marked to market. The preferred stock was converted to common stock as further described in Note J – Merger with Pyramid Oil Company. With the conversion of the shares of preferred stock to common stock, the value of the associated derivative liability was marked to market, then transferred to common stock equity.
	A summary of the value and the changes in the Company’s assets and liabilities classified as Level 3 measurements during the periods ended September 30, 2014 and December 31, 2013 is presented below:
		Preferred Stock
		Derivative Liability
	30-Sep-14	$ -
	31-Dec-13	51,290,414
	Total change	($51,290,414)
	Debt – The Company’s debt is recorded at the carrying amount on its Consolidated Balance Sheets. For further discussion of the Company’s debt, please see Note F – Debt. The carrying amount of floating-rate debt approximates fair value because the interest rates are variable and reflective of market rates.
	Asset Retirement Obligations (“AROs”) – The Company estimates the fair value of AROs based on discounted cash flow projections using numerous estimates, assumptions and judgments regarding such factors as the existence of a legal obligation for an ARO, amounts and timing of settlements, the credit-adjusted risk-free rate to be used and inflation rates.

C_COMMODITY_DERIVATIVE_INSTRUM

C COMMODITY DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
C COMMODITY DERIVATIVE INSTRUMENTS	'
	Objective and Strategies for Using Commodity Derivative Instruments – In order to mitigate the effect of commodity price uncertainty and enhance the predictability of cash flows relating to the marketing of the Company’s crude oil and natural gas, the Company enters into crude oil and natural gas price commodity derivative instruments with respect to a portion of the Company’s expected production. The commodity derivative instruments used include variable to fixed price commodity swaps, two-way and three-way collars.
	The fixed price swap and two-way collar contracts entitle the Company to receive settlement from the counterparty for each calculation period in amounts, if any, by which the settlement price for the scheduled trading days applicable for each calculation period is less than the fixed strike price or floor price. The Company would pay the counterparty if the settlement price for the scheduled trading days applicable for each calculation period is more than the fixed strike price or selling price, which would be the product of the notional quantity per calculation period and the excess of the floating price over the fixed or ceiling price with respect to each calculation period. The amount payable by the counterparty, if the floating price is below the fixed or floor price, is the product of the notional quantity per calculation period and the excess of the fixed or floor price over the floating price with respect to each calculation period.
	A three-way collar consists of a two-way collar contract combined with a put option contract sold by the Company with a strike price below the floor price of the two-way collar. The Company receives price protection at the purchased put option floor price of the two-way collar if commodity prices are above the sold put option strike price. If commodity prices fall below the sold put option strike price, the Company receives the cash market price plus the difference between the two put option strike prices. This type of instrument allows the Company to capture more value in a rising commodity price environment, but limits the benefits in a downward commodity price environment.
	While these instruments mitigate the cash flow risk of future reductions in commodity prices, they may also curtail benefits from future increases in commodity prices.
	The Company elected to discontinue hedge accounting for all commodity derivative instruments beginning with the 2013 financial year. The balance in other comprehensive income (“OCI”) at year-end 2012 will remain in accumulated other comprehensive income (“AOCI”) until such time that the original hedged forecasted transaction occurs. The last of these contracts will expire in December 2016. Starting with year 2013, mark-to-market adjustments to the contracts that were in AOCI at year-end 2012 will not be made to AOCI, but instead are recognized in earnings, as are all other commodity derivative contracts going forward. As a result of discontinuing the application of hedge accounting, the Company’s earnings are potentially more volatile. See Note B – Fair Value Measurements for a discussion of methods and assumptions used to estimate the fair values of the Company’s commodity derivative instruments.
	Counterparty Credit Risk – Commodity derivative instruments expose the Company to counterparty credit risk. The Company’s commodity derivative instruments are with Société Générale (“SocGen”) which is rated “A” by Standard and Poor’s, “A2” by Moody’s, and “A” by Fitch. Commodity derivative contracts are executed under master agreements which allow the Company, in the event of default, to elect early termination of all contracts. If the Company chooses to elect early termination, all asset and liability positions would be netted and settled at the time of election.
	In conjunction with certain derivative hedging activity, the Company deferred the payment of $153,389 put premiums ($128,886 in both current other deferred charges and current other accrued liabilities and $24,503 in both other noncurrent assets and other noncurrent liabilities) for production months January 2015 through December 2015. The put premium liabilities become payable monthly as the hedge production month becomes the prompt production month. The Company will begin amortizing the deferred put premium liabilities in January 2015.
	Commodity derivative instruments open as of September 30, 2014 are provided below. Natural gas prices are New York Mercantile Exchange (“NYMEX”) Henry Hub prices, and crude oil prices are NYMEX West Texas Intermediate, except for the oil swaps noted below that are based on Argus Light Louisiana Sweet.
		Prices are Weighted Averages
		2014	2015		2016
		Settlement	Settlement		Settlement
	NATURAL GAS (MMBtu):
	3-way collars
	Volume	415,862	2,377,371		1,122,533
	Ceiling sold price (call)	$4.35	$4.47		$4.35
	Floor purchased price (put)	$4.07	$4.00		$4.10
	Floor sold price (short put)	$3.30	$3.25		$3.25
	Swaps
	Volume	382,570	458,622		-
	Price	$4.05	$4.08		-
	Reverse Swaps
	Volume	122,974	293,234		-
	Price	$4.27	$4.33		-
	CRUDE OIL (Bbls):
	3-way collars
	Volume	11,400	89,512		70,263
	Ceiling sold price (call)	$103.70	$104.36		$106.39
	Floor purchased price (put)	$90.99	$86.49		$92.38
	Floor sold price (short put)	$69.34	$65.82		$72.38
	Swaps				-
	Volume	43,375	-		-
	Price	$95.46
	Swaps with short puts
	Volume	13,500	-		-
	Swap price	$89.34
	Floor sold price (short put)	$70.00	-		-
	Reverse Swaps
	Volume	33,999	-		-
	Price	$95.30	-		-
	Swaps at Argus Light Louisiana Sweet
	Volume	10,453	-		-
	Price	$99.40	-		-
	Put Spread
	Volume	-	27,588		-
	Floor purchased price (put)	-	$90.00	*	-
	Floor sold price (short put)	-	$75.00	*	-
	* Contracts include a premium to be paid by the Company of $5.56 per barrel as the contracts mature ($153,389 total premium). The premium is not included in these prices.
	Derivatives for each commodity are netted on the Consolidated Balance Sheets as they are all contracts with the same counterparty. The following table presents the fair value and balance sheet location of each classification of commodity derivative contracts on a gross basis without regard to same-counterparty netting:
		Fair value as of
		September 30,	December 31,
		2014	2013
	Asset commodity derivatives:
	Current assets	$1,576,732	$1,109,403
	Noncurrent assets	1,617,039	2,861,225
		3,193,771	3,970,628
	Liability commodity derivatives:
	Current liabilities	-1,193,129	-1,786,535
	Noncurrent liabilities	-1,089,315	-2,261,237
		-2,282,444	-4,047,772
	Total commodity derivative instruments	$911,327	($77,144)
	Sales of natural gas and crude oil on the Consolidated Statements of Operations are comprised of the following:
		Three Months Ended			Nine Months Ended
		September 30,			September 30,
	2014	2013		2014	2013
Sales of natural gas and crude oil	$7,821,497	$6,832,601		$31,837,566	$19,086,656
Gains (losses) realized on commodity
derivatives	-223,614	-148,436		-2,264,661	-148,678
Gains (losses) unrealized on
commodity derivatives	2,607,959	-823,361		921,026	439,478
Amortized gains from benefit of sold
qualified gas options	23,438	18,150		70,313	54,450
Total sales of natural gas and crude oil	$10,229,280	$5,878,954		$30,564,244	$19,431,906
A reconciliation of the components of accumulated other comprehensive income (loss) in the Consolidated Statements of Changes in Equity is presented below:
	Nine Months Ended			Year Ended
	30-Sep-14			31-Dec-13
	Before tax	After tax		Before tax	After tax
Balance, beginning of period	$63,041	$38,770		$437,140	$268,841
Other reclassifications due to expired contracts
previously subject to hedge accounting rules	67,446	41,479		-301,499	-185,422
Amortized gains from benefit of sold qualified
options realized in income	-70,313	-43,242		-72,600	-44,649
Balance, end of period	$60,174	$37,007		$63,041	$38,770

D_STOCK_AWARDS_AND_THEIR_TREAT

D. STOCK AWARDS AND THEIR TREATMENT	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Restricted stock awards were granted in the form of restricted shares of common stock (“RSAs”) subject to a “Liquidity Event” and time-based vesting. The merger with Pyramid Oil Company that closed on September 10, 2014 was a “Liquidity Event” within the Company’s stock award agreements. This event removed that requirement for vesting, and now each award will vest in accordance with its time-based vesting schedule, typically in equal amounts per year over three years, subject to continued service as an employee or director of the Company.
	A summary of the status of the RSAs and changes for the year to date ended September 30, 2014 is presented below.
		Number of		Weighted
		Unvested		Average
		RSA		Grant-Date
		Shares		Fair Value
	Unvested shares as of January 1, 2014	1,895,602		$3.42 per share
	Granted on March 6, 2014	196,148		$3.89 per share
	Granted on April 1, 2014	33,322		$3.89 per share
	Granted on May 20, 2014	341,554		$3.96 per share
	Vested	-107,291		$3.08 per share
	Forfeited	-
	Unvested shares as of September 30, 2014	2,359,335		$3.56 per share
	Pyramid Oil Company issued stock options as compensation for non-employee members of its board of directors under the Pyramid Oil Company 2006 Equity Incentive Plan. The options vested immediately, are exercisable for a five-year period from the date of the grant.
	The following is a summary of the Company’s stock option activity.
						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
		Options		Price		Life (Years)		Value
	Outstanding at December 31, 2013	105,000		$5.17		4.66		$ -
	Granted	-		-		-		-
	Exercised	-		-		-		-
	Forfeited	-		-		-		-
	Outstanding at September 30, 2014	105,000		$5.17		3.91		$ -
	Vested and expected to vest at
	September 30, 2014	105,000		$5.17		3.91		$ -
	Exercisable at September 30, 2014	105,000		$5.17		3.91		$ -
	As of September 30, 2014, there were no unvested stock options or unrecognized stock option expenses.
	The following table summarizes the information about stock options outstanding and exercisable at September 30, 2014.
			Options Outstanding						Options Exercisable
					Weighted-		Weighted			Weighted
					Average		Average			Average
	Exercise		Number of		Remaining		Exercise		Number of	Exercise
	Price		Shares		Life (Years)		Price		Shares	Price
	$5.40		5,000		1.67		$5.40		5,000	$5.40
	$5.16		100,000		4.02		$5.16		100,000	$5.16
			105,000						105,000
	On April 1, 2013, the Company granted 163 Restricted Stock Units or “RSUs” to employees. Based on the exchange ratio of the merger, the RSUs converted into 123,446 RSUs. Each RSU represents a contingent right to receive one share of the Company’s common stock upon vesting.  In order to vest, an employee must have continuous service with the Company from time of the grant through April 1, 2016, the vesting date. The RSUs may be settled in cash and do not require the eventual issuance of common stock (although it is an election available to the Company); consequently, the awards are liability-based and the booked valuation will change as the market value for common stock changes. The Company utilized a Monte Carlo simulation option pricing model prepared by an outside consulting firm to value the RSUs from inception through June 30, 2014, and utilized a Black Scholes option pricing model prepared by an outside consulting firm at September 30, 2014. Compensation expense is recognized over the three-year vesting period.
	A summary of the status of the unvested RSUs and changes during the nine months ended September 30, 2014 is presented below.
				Weighted
		Number of		average
		Unvested		grant-date
		RSUs		fair value
	Unvested shares as of January 1, 2014	119,659		$2.72 per share
	Forfeited	-24,235		$2.72 per share
	Unvested shares as of September 30, 2014	95,424		$2.72 per share

E_EARNINGS_PER_COMMON_SHARE

E. EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
E. EARNINGS PER COMMON SHARE	'
	Earnings per common share are computed by dividing earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Potential common stock equivalents are determined using the “if converted” method.
	Potentially dilutive securities for the computation of diluted weighted average shares outstanding are as follows:
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Series A Preferred Stock	11,662,749	13,719,925	13,411,550	12,708,122
	Series B Preferred Stock	5,997,333	7,359,805	7,037,394	7,224,242
	Restricted Stock Awards	2,443,318	1,958,475	2,227,892	1,145,094
	Restricted Stock Units	101,104	121,931	109,086	82,550
		20,204,504	23,160,136	22,785,922	21,160,008
	The Series A and Series B Preferred Stock was converted to common stock on September 10, 2014, 71 days into the total 92 days for the three month period ended September 30, 2014. This shorter period accounts for the decrease in weighted average number of shares in the three months ended September 20, 2014 compared to the same period in 2013.
	The Company excludes preferred stock and stock-based awards whose effect would be anti-dilutive from the calculation. For the three month period ended September 30, 2014 and the nine month periods ended September 30, 2014 and 2013, adjusted earnings were losses, therefore common stock equivalents were excluded from the calculation of diluted net loss per share of common stock, as their effect was anti-dilutive.

F_DEBT

F. DEBT	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
F. DEBT	'
		September 30,			December 31,
		2014			2013
	Variable rate revolving credit facility payable to Société Générale,
	OneWest Bank, FSB, and View Point Bank, N.A., maturing
	May 20, 2017, secured by oil and natural gas properties held by
	Yuma Exploration and Production Company, Inc. and guaranteed
	by The Yuma Companies, Inc.	$	24,965,000		$	31,215,000
	Installment loan due February 28, 2015, originating from the
	financing of insurance premiums at 3.65% interest rate.		565,166			178,027
			25,530,166			31,393,027
	Less:  current portion		(565,166	)		(178,027	)
	Total long-term debt	$	24,965,000		$	31,215,000
	On February 13, 2013, the credit agreement was amended to bring SocGen in as a new participant and as a replacement for Union Bank N.A. (“Union”) as the Administrative Agent, and to remove Amegy from the syndication (although still remaining as the Company’s bank for operations).  The participation allocation became 68.75% for SocGen and 31.25% for Union.  The interest rate margins effective February 13, 2013, are as follows:
					LIBOR
	Borrowing base utilization	Prime margin			margin
	Utilization ≥ 90%		2.25	%		3.25	%
	75% ≤ utilization < 90%		2	%		3	%
	50% ≤ utilization < 75%		1.75	%		2.75	%
	25% ≤ utilization < 50%		1.5	%		2.5	%
	Utilization < 25%		1.25	%		2.25	%
	On May 20, 2013, a third amendment to the credit agreement brought in OneWest Bank, FSB (“OneWest”) to replace Union with new participation equal for SocGen and OneWest at 50/50.  With the new amendment, the credit agreement matures on May 20, 2017.
	On September 27, 2013, the Borrowing Base Redetermination Agreement and Assignment brought in View Point Bank, N.A. (“View Point”) as a third lender in the credit agreement.  Participating percentages at September 27, 2013 became 37.5% for SocGen, 37.5% for OneWest and 25% for View Point.
	Effective April 22, 2014, Yuma Exploration and Production Company, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Exploration”), entered into the fourth amendment to the credit agreement, which among other things, provides for a borrowing base of $40 million, and an additional non-conforming borrowing base over and above the conforming base of $4.5 million (which expired October 15, 2014).  The unamortized Amegy and Union costs of $123,925 and $189,727 were written off immediately upon their exit from the syndicate.
	The following summarizes interest expense for the three and nine month periods ended September 30, 2014 and 2013.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Credit facility	$	308,486		$	223,967		$	889,111		$	748,450
	Credit facility commitment fees		19,133			14,140			47,209			39,053
	Amortization and write offs of
	credit facility loan costs		47,715			36,436			140,955			431,603
	Insurance installment loan		4,955			6,222			9,244			12,789
	Louisiana Mineral Board		-			32,383			-			32,383
	Other interest charges		616			331			3,069			12,724
	Capitalized interest		(266,500	)		(249,403	)		(767,908	)		(788,214	)
	Total interest expense	$	114,405		$	64,076		$	321,680		$	488,788
	The terms of the credit agreement require Exploration to meet a specific current ratio, interest coverage ratio, and a funded debt to EBITDA ratio.  In addition, the credit facility requires the guarantee of The Yuma Companies, Inc., a wholly owned subsidiary of the Company.  Exploration was in compliance with the loan covenants as of September 30, 2014.

G_INCOME_TAXES

G. INCOME TAXES	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	The following summarizes the income tax expense (benefit) and effective tax rates:
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Consolidated net income (loss) before
	income taxes	($11,728,669)	$13,774,648	($20,708,344)	($9,066,174)
	Income tax expense (benefit)	-576,632	-2,040,000	-1,710,632	-1,998,800
	Effective tax rate	5%	-15%	8%	22%
	The differences between the U.S. federal statutory rate of 35% and the Company’s effective tax rates for the three and nine month periods ended September 30, 2014 and 2013 are due primarily to the tax effects of the excess of book basis over the tax basis in the full cost pool, net operating loss carryforwards, and the nondeductible changes in fair value of preferred stock derivative liability for each period.
	The Company knows of no uncertain tax positions and has no unrecognized tax benefits for the nine months ended September 30, 2014 or September 30, 2013. When the Company believes that it is more likely than not that a net operating loss or credit may expire unused, it establishes a valuation allowance against that loss or credit. No valuation allowance has been established as of September 30, 2014 or September 30, 2013.

H_PAYMENT_OF_PREFERRED_DIVIDEN

H. PAYMENT OF PREFERRED DIVIDENDS	9 Months Ended
	Sep. 30, 2014
H. Payment Of Preferred Dividends	'
H. PAYMENT OF PREFERRED DIVIDENDS	'
	On September 15, 2014, the Company made the final cash dividend payment to the holders of record of the Series A and Series B Preferred Stock. The amount of the preferred stock dividends paid were as follows:
	Series A Preferred Stock Dividends	$214,903
	Series B Preferred Stock Dividends	131,289
	Total Dividends	$346,192

I_CONTINGENCIES

I. CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
		1	Certain Legal Proceedings
	From time to time, the Company is party to various legal proceedings arising in the ordinary course of business. While the outcome of lawsuits cannot be predicted with certainty, the Company is not currently a party to any proceeding that it believes, if determined in a manner adverse to the Company, could have a potential material adverse effect on the Company’s financial condition, results of operations, or cash flows.
	On July 9, 2014, Nabors Drilling USA, L.P. and other Nabors entities and Exploration and other Yuma entities were named in a lawsuit filed in the District Court of Harris County, Texas, in the 80th Judicial District, concerning the death of an employee of Timco Services during the drilling of the Crosby 12-1 well. The Company has tendered its defense to its liability insurance carriers who are responding. Management believes that the Company has adequate insurance to meet this potential claim.
		2	Environmental Remediation Contingencies
	As of September 30, 2014, there were no known environmental or other regulatory matters related to the Company’s operations that were reasonably expected to result in a material liability to the Company. The Company’s operations are subject to numerous laws and regulations governing the discharge of materials into the environment or otherwise relating to environmental protection.
	Exploration has been named as one of 97 defendants in a matter entitled Board of Commissioners of the Southeast Louisiana Flood Protection Authority – East, Individually and As the Board Governing the Orleans Levee District, the Lake Borgne Basin Levee District, and the East Jefferson Levee District v. Tennessee Gas Pipeline Company, LLC, et al., Civil District Court for the Parish of Orleans, State of Louisiana, No. 13-6911, Division “J” - 5, now removed as Civil Action No. 13-5410, before the United Stated District Court, Eastern District of Louisiana. Plaintiff filed the suit on July 24, 2013 seeking damages and injunctive relief arising out of defendants’ drilling, exploration, and production activities from the early 1900s to the present day in coastal areas east of the Mississippi River in Southeast Louisiana.
	The suit alleges that defendants’ activities have caused “removal, erosion, and submergence” of coastal lands resulting in significant reduction or loss of the protection such lands afforded against hurricanes and tropical storms. Plaintiff alleges that it now faces increased costs to maintain and operate the man-made hurricane protection system and may reach the point where that system no longer adequately protects populated areas.
	Plaintiff lists hundreds of wells, pipelines, and dredging events as possible sources of the alleged land loss. Exploration is named in association with 11 wells, four rights-of-way, and one dredging permit. The suit does not specify any deficiency or harm caused by any individual activity or facility.
	Although the suit references various federal statutes as sources of standards of care, plaintiff claims that all causes of action arise under state law: negligence, strict liability, natural servitude of drain, public nuisance, private nuisance, and as third-party beneficiary under breach of contract.
	The Company has tendered its defense to its liability insurance carriers who are responding. At this time, the Company cannot predict the outcome of this case or, in management’s opinion, assess any potential liability; therefore no liability has been recorded on the Company’s books.

J_MERGER_WITH_PYRAMID_OIL_COMP

J. MERGER WITH PYRAMID OIL COMPANY	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	On September 10, 2014, a wholly owned subsidiary of Pyramid Oil Company merged with and into Yuma Energy, Inc., a Delaware corporation (“Yuma Co.”), in exchange for 66,336,701 shares of common stock and the Company changed its name to “Yuma Energy, Inc.” (the “merger”). As a result of the merger, the former Yuma Co. stockholders received approximately 93% of the then outstanding common stock of the Company and thus acquired voting control. Although the Company was the legal acquirer, for financial reporting purposes the merger was accounted for as a reverse acquisition of the Company by Yuma Co. The transaction is expected to qualify as a tax-deferred reorganization under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”).
	As a result of the merger announcement with Pyramid Oil Company on February 6, 2014, expenses of approximately $1.3 million incurred by the Company associated with exploring options to obtain a public listing were written off during the first quarter of 2014.
	The merger was accounted for as a business combination in accordance with Accounting Standards Codification (“ASC”) No. 805 “Business Combinations” (“ASC 805”). ASC 805, among other things, requires assets acquired and liabilities assumed to be measured at their acquisition date fair values.
	A table of adjustments reflecting the allocation of the fair values and computation of goodwill is provided below. These adjustments reflect the elimination of the components of Pyramid’s historical stockholders’ equity, the estimated value of consideration paid by Yuma in the merger using the closing price of common stock on September 10, 2014 and the adjustments to the historical book values of Pyramid’s assets and liabilities to their estimated fair values, in accordance with acquisition accounting. The evaluation of the assigned fair values is ongoing, as the transaction was recently completed. The Company expects the purchase price allocation will be finalized in the fourth quarter of 2014. The Company believes these estimates are reasonable and the significant effects of the merger are properly reflected.
	Purchase Price(i):
	Shares of Pyramid common stock held by Pyramid stockholders	4,788,085
	Pyramid common stock price (September 10, 2014 closing)	$4.70
	Fair value of Pyramid common stock issued	$22,504,000
	Consideration to be paid to Pyramid’s stockholders	-
	Issuance of 100,000 shares to Pyramid affiliated persons at $5.01 per share
	(September 11, 2014 closing)	501,000
	Fair value of Pyramid options assumed by Yuma(iv)	100,500
	Total purchase price	$23,105,500
	Estimated Fair Value of Liabilities Assumed:
	Current liabilities	$633,917
	Long-term deferred tax liability(ii)	4,879,724
	Other non-current liabilities (asset retirement obligation)	1,334,278
	Amount attributable to liabilities assumed	68,479,191
	Total purchase price plus liabilities assumed	29,953,419
	Estimated Fair Value of Assets Acquired:
	Current assets	9,066,589
	Natural gas and oil properties(iii)	10,726,715
	Net other operating property and equipment	4,158,420
	Other non-current assets	261,380
	Amount attributable to assets acquired	24,213,104
	Goodwill(i)	$5,740,315
	(i) Under the terms of the merger agreement, Pyramid stockholders own 7% of the combined entity. The total purchase price is based upon the closing price of $4.70 per share of Pyramid common stock on September 10, 2014 and 4,788,085 shares of Pyramid common stock outstanding at the effective time of the merger. The difference between the purchase price plus the liabilities of Pyramid assumed in the merger less the estimated fair value of the Pyramid assets acquired is shown as goodwill.
	(ii) Yuma received a carryover tax basis in Pyramid’s assets and liabilities because the merger was not a taxable transaction under the Internal Revenue Code of 1986, as amended (the “Code”). Based upon the preliminary purchase price allocation, a step-up in financial reporting carrying value related to the property acquired from Pyramid, net of the existing Pyramid deferred tax asset of $0.5 million, is expected to result in a combined deferred tax liability of approximately $16.2 million, an increase of approximately $5.4 million to the Company’s and Pyramid’s existing $10.8 million net deferred tax liability.
	(iii) Weighted average commodity prices utilized in the determination of the fair value of natural gas and oil properties was based on the NYMEX price forecasts as of August 29, 2014 for oil and September 2, 2014 for natural gas, adjusted for differentials calculated from the 2013 historic Pyramid oil and gas prices versus the NYMEX oil (WTI) and gas average monthly prices, after adjustment for transportation fees.
	(iv) To adjust for the outstanding stock options to purchase common stock that were assumed by Yuma with the merger. The $100,500 fair value of the assumed options was calculated using the Black Scholes valuation model with assumptions for the following variables: common stock price, risk-free interest rates, and the Company’s stock volatility.
	The following unaudited pro forma combined results of operations are provided for the nine month periods ended September 30, 2014 and 2013 as though the merger had been completed as of the beginning of the earliest period presented, or January 1, 2013. These pro forma combined results of operations have been prepared by adjusting the historical results of the Company to include the historical results of Pyramid. These supplemental pro forma results of operations are provided for illustrative purposes only, and do not purport to be indicative of the actual results that would have been achieved by the combined company for the periods presented or that may be achieved by the combined company in the future. The pro forma results of operations do not include any cost savings or other synergies that resulted, or may result, from the merger or any estimated costs that will be incurred to integrate Pyramid. Future results may vary significantly from the results reflected in this pro forma financial information because of future events and transactions, as well as other factors.
		Nine Months Ended September 30,
		2014	2013
	Revenues	$34,352,101	$23,472,140
	Net loss from operations	($18,700,021)	($7,765,019)
	Net loss per share:
	Basic	($0.27)	($0.18)
	Diluted	($0.27)	($0.18)
	For the three and nine month periods ended September 30, 2014, the Company recognized $214,052 of sales of natural gas and crude oil less lease operating expenses, production taxes and other operating expenses of $229,767 related to properties acquired in the merger. Additionally, non-recurring transaction costs of $856,840 and $1,442,115 related to the merger for the three and nine month periods ended September 30, 2014, respectively, are included in the Consolidated Statements of Operations as general and administrative expenses; however, these non-recurring transaction costs have been excluded from the pro forma results in the above table.

K_GOODWILL

K. GOODWILL	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
K. GOODWILL	'
	During the third quarter of 2014, the Company recorded $5,740,315 of goodwill as a result of the merger. Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in the acquisition of a business. Goodwill is not amortized; rather, it is tested for impairment both annually and when events or changes in circumstances indicate that fair value of a reporting unit with goodwill has been reduced below carrying value. The impairment test requires allocating goodwill and other assets and liabilities to reporting units. However, the Company has only one reporting unit. To assess impairment, the Company has the option to qualitatively assess if it is more likely than not that the fair value of the reporting unit is less than the book value. Absent a qualitative assessment, or, through the qualitative assessment, if the Company determines it is more likely than not that the fair value of the reporting unit is less than the book value, a quantitative assessment is prepared to calculate the fair market value of the reporting unit. If it is determined that the fair value of the reporting unit is less than the book value, the recorded goodwill is impaired to its implied fair value with a charge to operating expense.
	The assumptions the Company will use in calculating its reporting unit fair value at the time of the test include its market capitalization and discounted future cash flows based on estimated reserves and production, future costs and future oil and natural gas prices. Material adverse changes to any of these factors could lead to an impairment of all or a portion of the Company’s goodwill in future periods.

L_SUBSEQUENT_EVENTS

L. SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	The Company has evaluated subsequent events through November 14, 2014, the date these financial statements were available to be issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements, except as noted below or already recognized or disclosed in the Company’s filings with the SEC.
	1. Issuance of Series A Preferred Stock
	On October 23, 2014, the Company held an initial closing of its public offering of 9.25% Series A Cumulative Redeemable Preferred Stock, no par value per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”). The Company issued 477,273 shares at a public offering price of $22.00 per share, for gross proceeds of $10,500,006. On October 24, 2014, the Company held an additional closing for 30,466 shares of Series A Preferred Stock at a public offering price of $22.00 per share for gross proceeds of $670,252. In total, the Company received $10,430,894 net of the underwriters discount and underwriters’ expenses. In addition to fees at the time of closing, the Company incurred estimated costs of $351,034 for the preferred stock issuance. The shares of Series A Preferred Stock trade on the NYSE MKT under the symbol “YUMAprA”. The Series A Preferred Stock cannot be converted into common stock of the Company (except upon a change in control and in the event the Company chooses to not redeem the Series A Preferred Stock), but may be redeemed by the Company, at the Company’s option, on or after October 23, 2017 (or in certain circumstances, prior to such date as a result of a change in control of the Company), at a redemption price of $25.00 per share plus any accrued and unpaid dividends. The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption, and will remain outstanding indefinitely unless repurchased, redeemed or converted into common stock in connection with a change in control. Holders of the Series A Preferred Stock are entitled to receive, when, as and if declared by the Company’s board of directors, cumulative dividends at the rate of 9.25% per annum (the dividend rate) on the redemption price of $25.00 per share of the Series A Preferred Stock, payable monthly in arrears on each dividend payment date, with the first payment date of December 1, 2014.
	2. Fifth Amendment to Loan Agreement
	On October 14, 2014, the Company entered into the Fifth Amendment to its Credit Agreement with SocGen as Agent Bank and two other banks. Although the Fifth Amendment restates many of the same terms from earlier revisions, it provides for the payment of dividends to the holders of Series A Preferred Stock under the following conditions:
		·	The borrowing base utilization percentage is 90% or less giving effect for the dividend payment;
		·	No default has occurred and will not occur with the dividend payment;
		·	All dividend payments need to be made in accordance with the Certificate of Determination or other agreements governing the Series A Preferred Stock.

B_FAIR_VALUE_MEASUREMENTS_Tabl

B. FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value measurements by hierarchy	'
		Fair value measurements at September 30, 2014
			Significant
		Quoted Prices	Other	Significant
		in Active	Observable	Unobservable
		Markets	Inputs	Inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$873,601	$ -	$873,601
	Commodity derivatives – gas	-	58,575	-	58,575
	Total assets	$ -	$932,176	$ -	$932,176
	Liabilities:
	Commodity derivatives – gas	$ -	$20,849	$ -	$20,849
	Preferred stock derivative liability	-	-	-	-
	Total Liabilities	$ -	$20,849	$ -	$20,849
		Fair value measurements at December 31, 2013
			Significant
		Quoted Prices	Other	Significant
		in Active	Observable	Unobservable
		Markets	Inputs	Inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$818,637	$ -	$818,637
	Total assets	$ -	$818,637	$ -	$818,637
	Liabilities:
	Commodity derivatives – gas	$ -	$472,564	$ -	$472,564
	Commodity derivatives – oil	-	423,217	-	423,217
	Preferred stock derivative liability	-	-	51,290,414	51,290,414
	Total Liabilities	$ -	$895,781	$51,290,414	$52,186,195
Fair value of assets and liabilities classified as Level 3	'
		Preferred Stock
		Derivative Liability
	30-Sep-14	$ -
	31-Dec-13	51,290,414
	Total change	($51,290,414)

C_COMMODITY_DERIVATIVE_INSTRUM1

C COMMODITY DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Commodity derivative instruments	'
		Prices are Weighted Averages
		2014	2015		2016
		Settlement	Settlement		Settlement
	NATURAL GAS (MMBtu):
	3-way collars
	Volume	415,862	2,377,371		1,122,533
	Ceiling sold price (call)	$4.35	$4.47		$4.35
	Floor purchased price (put)	$4.07	$4.00		$4.10
	Floor sold price (short put)	$3.30	$3.25		$3.25
	Swaps
	Volume	382,570	458,622		-
	Price	$4.05	$4.08		-
	Reverse Swaps
	Volume	122,974	293,234		-
	Price	$4.27	$4.33		-
	CRUDE OIL (Bbls):
	3-way collars
	Volume	11,400	89,512		70,263
	Ceiling sold price (call)	$103.70	$104.36		$106.39
	Floor purchased price (put)	$90.99	$86.49		$92.38
	Floor sold price (short put)	$69.34	$65.82		$72.38
	Swaps				-
	Volume	43,375	-		-
	Price	$95.46
	Swaps with short puts
	Volume	13,500	-		-
	Swap price	$89.34
	Floor sold price (short put)	$70.00	-		-
	Reverse Swaps
	Volume	33,999	-		-
	Price	$95.30	-		-
	Swaps at Argus Light Louisiana Sweet
	Volume	10,453	-		-
	Price	$99.40	-		-
	Put Spread
	Volume	-	27,588		-
	Floor purchased price (put)	-	$90.00	*	-
	Floor sold price (short put)	-	$75.00	*	-
Schedule of derivative assets and liablities	'
		Fair value as of
		September 30,	December 31,
		2014	2013
	Asset commodity derivatives:
	Current assets	$1,576,732	$1,109,403
	Noncurrent assets	1,617,039	2,861,225
		3,193,771	3,970,628
	Liability commodity derivatives:
	Current liabilities	-1,193,129	-1,786,535
	Noncurrent liabilities	-1,089,315	-2,261,237
		-2,282,444	-4,047,772
	Total commodity derivative instruments	$911,327	($77,144)
Sales of natural gas and crude oil	'
		Three Months Ended			Nine Months Ended
		September 30,			September 30,
		2014	2013		2014	2013
	Sales of natural gas and crude oil	$7,821,497	$6,832,601		$31,837,566	$19,086,656
	Gains (losses) realized on commodity
	derivatives	-223,614	-148,436		-2,264,661	-148,678
	Gains (losses) unrealized on
	commodity derivatives	2,607,959	-823,361		921,026	439,478
	Amortized gains from benefit of sold
	qualified gas options	23,438	18,150		70,313	54,450
	Total sales of natural gas and crude oil	$10,229,280	$5,878,954		$30,564,244	$19,431,906
Schedule reconciliation of the components of accumulated other comprehensive income (loss) in the Consolidated Statements of Changes in Equity	'
		Nine Months Ended			Year Ended
		30-Sep-14			31-Dec-13
		Before tax	After tax		Before tax	After tax
	Balance, beginning of period	$63,041	$38,770		$437,140	$268,841
	Other reclassifications due to expired contracts
	previously subject to hedge accounting rules	67,446	41,479		-301,499	-185,422
	Amortized gains from benefit of sold qualified
	options realized in income	-70,313	-43,242		-72,600	-44,649
	Balance, end of period	$60,174	$37,007		$63,041	$38,770

D_STOCK_AWARDS_AND_THEIR_TREAT1

D. STOCK AWARDS AND THEIR TREATMENT (Tables)	9 Months Ended
	Sep. 30, 2014
D. Stock Awards And Their Treatment Tables	'
Restricted stock awards	'
		Number of		Weighted
		Unvested		Average
		RSA		Grant-Date
		Shares		Fair Value
	Unvested shares as of January 1, 2014	1,895,602		$3.42 per share
	Granted on March 6, 2014	196,148		$3.89 per share
	Granted on April 1, 2014	33,322		$3.89 per share
	Granted on May 20, 2014	341,554		$3.96 per share
	Vested	-107,291		$3.08 per share
	Forfeited	-
	Unvested shares as of September 30, 2014	2,359,335		$3.56 per share
Schedule stock option activity	'
	The following is a summary of the Company’s stock option activity.
						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
		Options		Price		Life (Years)		Value
	Outstanding at December 31, 2013	105,000		$5.17		4.66		$ -
	Granted	-		-		-		-
	Exercised	-		-		-		-
	Forfeited	-		-		-		-
	Outstanding at September 30, 2014	105,000		$5.17		3.91		$ -
	Vested and expected to vest at
	September 30, 2014	105,000		$5.17		3.91		$ -
	Exercisable at September 30, 2014	105,000		$5.17		3.91		$ -
	The following table summarizes the information about stock options outstanding and exercisable at September 30, 2014.
			Options Outstanding						Options Exercisable
					Weighted-		Weighted			Weighted
					Average		Average			Average
	Exercise		Number of		Remaining		Exercise		Number of	Exercise
	Price		Shares		Life (Years)		Price		Shares	Price
	$5.40		5,000		1.67		$5.40		5,000	$5.40
	$5.16		100,000		4.02		$5.16		100,000	$5.16
			105,000						105,000

E_EARNINGS_PER_COMMON_SHARE_Ta

E. EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Potentially dilutive securities	'
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Series A Preferred Stock	11,662,749	13,719,925	13,411,550	12,708,122
	Series B Preferred Stock	5,997,333	7,359,805	7,037,394	7,224,242
	Restricted Stock Awards	2,443,318	1,958,475	2,227,892	1,145,094
	Restricted Stock Units	101,104	121,931	109,086	82,550
		20,204,504	23,160,136	22,785,922	21,160,008

F_DEBT_Tables

F. DEBT (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
			September 30,				December 31,
			2014				2013
	Variable rate revolving credit facility payable to Société Générale,
	OneWest Bank, FSB, and View Point Bank, N.A., maturing
	May 20, 2017, secured by oil and natural gas properties held by
	Yuma Exploration and Production Company, Inc. and guaranteed
	by The Yuma Companies, Inc.		$	24,965,000			$	31,215,000
	Installment loan due February 28, 2015, originating from the
	financing of insurance premiums at 3.65% interest rate.			565,166				178,027
				25,530,166				31,393,027
	Less:  current portion			(565,166	)			(178,027	)
	Total long-term debt		$	24,965,000			$	31,215,000
Borrowing base utilization	'
				LIBOR
	Borrowing base utilization	Prime margin		margin
	Utilization ≥ 90%	2.25%		3.25%
	75% ≤ utilization < 90%	2.00%		3.00%
	50% ≤ utilization < 75%	1.75%		2.75%
	25% ≤ utilization < 50%	1.50%		2.50%
	Utilization < 25%	1.25%		2.25%
Schedule interest expense	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Credit facility	$308,486		$223,967		$889,111		$748,450
	Credit facility commitment fees	19,133		14,140		47,209		39,053
	Amortization and write offs of
	credit facility loan costs	47,715		36,436		140,955		431,603
	Insurance installment loan	4,955		6,222		9,244		12,789
	Louisiana Mineral Board	-		32,383		-		32,383
	Other interest charges	616		331		3,069		12,724
	Capitalized interest	-266,500		-249,403		-767,908		-788,214
	Total interest expense	$114,405		$64,076		$321,680		$488,788

G_INCOME_TAXES_Tables

G. INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2014
G. Income Taxes Tables	'
Schedule effective tax rate	'
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Consolidated net income (loss) before
	income taxes	($11,728,669)	$13,774,648	($20,708,344)	($9,066,174)
	Income tax expense (benefit)	-576,632	-2,040,000	-1,710,632	-1,998,800
	Effective tax rate	5%	-15%	8%	22%

H_PAYMENT_OF_PREFERRED_DIVIDEN1

H. PAYMENT OF PREFERRED DIVIDENDS (Tables)	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Schedule of Preferred Stock Dividends	'
	Series A Preferred Stock Dividends	$214,903
	Series B Preferred Stock Dividends	131,289
	Total Dividends	$346,192

J_MERGER_WITH_PYRAMID_OIL_COMP1

J. MERGER WITH PYRAMID OIL COMPANY (Tables)	9 Months Ended
	Sep. 30, 2014
J. Merger With Pyramid Oil Company Tables	'
Business combination	'
	Purchase Price(i):
	Shares of Pyramid common stock held by Pyramid stockholders	4,788,085
	Pyramid common stock price (September 10, 2014 closing)	$4.70
	Fair value of Pyramid common stock issued	$22,504,000
	Consideration to be paid to Pyramid’s stockholders	-
	Issuance of 100,000 shares to Pyramid affiliated persons at $5.01 per share
	(September 11, 2014 closing)	501,000
	Fair value of Pyramid options assumed by Yuma(iv)	100,500
	Total purchase price	$23,105,500
	Estimated Fair Value of Liabilities Assumed:
	Current liabilities	$633,917
	Long-term deferred tax liability(ii)	4,879,724
	Other non-current liabilities (asset retirement obligation)	1,334,278
	Amount attributable to liabilities assumed	68,479,191
	Total purchase price plus liabilities assumed	29,953,419
	Estimated Fair Value of Assets Acquired:
	Current assets	9,066,589
	Natural gas and oil properties(iii)	10,726,715
	Net other operating property and equipment	4,158,420
	Other non-current assets	261,380
	Amount attributable to assets acquired	24,213,104
	Goodwill(i)	$5,740,315
Schedule of pro forma combined results	'
		Nine Months Ended September 30,
		2014	2013
	Revenues	$34,352,101	$23,472,140
	Net loss from operations	($18,700,021)	($7,765,019)
	Net loss per share:
	Basic	($0.27)	($0.18)
	Diluted	($0.27)	($0.18)

B_FAIR_VALUE_MEASUREMENTS_Deta

B. FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Commodity derivatives	$932,176	'
Total assets	932,176	818,637
Total Liabilities	20,849	52,186,195
Commodity derivatives B oil	'	'
Commodity derivatives	873,601	818,637
Derivative liability	'	423,217
Commodity derivatives B gas	'	'
Commodity derivatives	58,575	'
Derivative liability	20,849	472,564
Level 1	'	'
Total assets	0	0
Total Liabilities	'	0
Level 1 | Commodity derivatives B oil	'	'
Commodity derivatives	0	0
Derivative liability	'	0
Level 1 | Commodity derivatives B gas	'	'
Commodity derivatives	0	0
Derivative liability	0	0
Level 1 | Preferred stock derivative liability	'	'
Derivative liability	'	0
Level 2	'	'
Total assets	932,176	818,637
Total Liabilities	20,849	895,781
Level 2 | Commodity derivatives B oil	'	'
Commodity derivatives	873,601	818,637
Derivative liability	'	423,217
Level 2 | Commodity derivatives B gas	'	'
Commodity derivatives	58,575	0
Derivative liability	20,849	472,564
Level 2 | Preferred stock derivative liability	'	'
Derivative liability	'	0
Level 3	'	'
Total assets	0	0
Total Liabilities	'	51,290,414
Level 3 | Commodity derivatives B oil	'	'
Commodity derivatives	0	0
Derivative liability	'	0
Level 3 | Commodity derivatives B gas	'	'
Commodity derivatives	0	0
Derivative liability	0	0
Level 3 | Preferred stock derivative liability	'	'
Derivative liability	$0	$51,290,414

B_FAIR_VALUE_MEASUREMENTS_Deta1

B. FAIR VALUE MEASUREMENTS (Details 1) (Level 3, Preferred stock derivative liability, USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Level 3 | Preferred stock derivative liability	'	'
Derivative liability	$0	$51,290,414
Total change	($51,290,414)	'

C_COMMODITY_DERIVATIVE_INSTRUM2

C COMMODITY DERIVATIVE INSTRUMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Asset commodity derivatives:	'	'
Current assets	$1,576,732	$1,109,403
Noncurrent assets	1,617,039	2,861,225
Total	3,193,771	3,970,628
Liability commodity derivatives:	'	'
Current liabilities	-1,193,129	-1,786,535
Noncurrent liabilities	-1,089,315	-2,261,237
Total	-2,282,444	-4,047,772
Total commodity derivative instruments	$911,327	($77,144)

C_COMMODITY_DERIVATIVE_INSTRUM3

C. COMMODITY DERIVATIVE INSTRUMENTS (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
C. Commodity Derivative Instruments Details 1	'	'	'	'
Sales of natural gas and crude oil	$7,821,497	$6,832,601	$31,837,566	$19,086,656
Gains (losses) realized on commodity derivatives	-223,614	-148,436	-2,264,661	-148,678
Gains (losses) unrealized on commodity derivatives	2,607,959	-823,361	921,026	439,478
Amortized gains from benefit of sold qualified gas options	23,438	18,150	70,313	54,450
Total sales of natural gas and crude oil	$10,229,280	$5,878,954	$30,564,244	$19,431,906

C_COMMODITY_DERIVATIVE_INSTRUM4

C COMMODITY DERIVATIVE INSTRUMENTS (Details 2) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'	'
Balance, beginning of period, before tax	$63,041	$437,140	'
Balance, beginning of period, after tax	38,770	268,841	'
Other reclassifications due to expired contracts previously subject to hedge accounting rules, before tax	67,446	-301,499	'
Other reclassifications due to expired contracts previously subject to hedge accounting rules, after tax	41,479	-185,422	'
Amortized gains from benefit of sold qualified options realized in income, before tax	-70,313	-72,600	'
Amortized gains from benefit of sold qualified options realized in income, after tax	-43,242	-44,649	'
Balance, end of period, before tax	60,174	63,041	'
Balance, end of period, after tax	$37,007	$38,770	$268,841

D_STOCK_AWARDS_AND_THEIR_TREAT2

D. STOCK AWARDS AND THEIR TREATMENT (Details) (RSA, USD $)	9 Months Ended
	Sep. 30, 2014
RSA	'
Unvested shares as of January 1, 2014	1,895,602
Granted on March 6, 2014	196,148
Granted on April 1, 2014	33,322
Granted on May 20, 2014	341,554
Vested	-107,291
Forfeited	0
Unvested shares as of September 30, 2014	2,359,335
Weighted Average Grant-Date Fair Value	'
Beginning of period	$3.42
Granted on March 6, 2014	$3.89
Granted on April 1, 2014	$3.89
Granted on May 20, 2014	$3.96
Vested	$3.08
End of period	$3.56

D_STOCK_AWARDS_AND_THEIR_TREAT3

D. STOCK AWARDS AND THEIR TREATMENT (Details 1) (USD $)	9 Months Ended
	Sep. 30, 2014
D. Stock Awards And Their Treatment Details 1	'
Number of Options Outstanding, Beginning	105,000
Number of Options Granted	0
Number of Options Exercised	0
Number of Options Forfeited	0
Number of Options Outstanding, Ending	105,000
Vested and expected to vest	105,000
Number of Options Exercisable	105,000
Weighted Average Exercise Price Outstanding, Beginning	$5.17
Weighted Average Exercise Price Granted	$0
Weighted Average Exercise Price Exercised	$0
Weighted Average Exercise Price Forfeited	$0
Weighted Average Exercise Price Outstanding, Ending	$5.17
Weighted Average Exercise Price Vested and expected to vest	$5.17
Weighted Average Exercise Price Exercisable	$5.17
Weighted Average Remaining Contractual Life (in years) Outstanding	'3 years 10 months 28 days
Weighted Average Remaining Contractual Life (in years) Exercisable	'3 years 10 months 28 days
Aggregate Intrinsic Value Outstanding, Beginning	$0
Aggregate Intrinsic Value Granted	$0
Aggregate Intrinsic Value Exercised	0
Aggregate Intrinsic Value Forfeited	$0
Aggregate Intrinsic Value Outstanding, Ending	0
Aggregate Intrinsic Value Vested and expected to ves	$0

D_STOCK_AWARDS_AND_THEIR_TREAT4

D. STOCK AWARDS AND THEIR TREATMENT (Details 2) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Number of Options Outstanding, Ending	105,000	105,000
Weighted Average Remaining Contractual Life (in years) Outstanding	'3 years 10 months 28 days	'
Weighted Average Exercise Price Outstanding, Ending	$5.17	$5.17
Number of Options Exercisable	105,000	'
Weighted Average Exercise Price Exercisable	$5.17	'
$5.40 Exercise Price	'	'
Number of Options Outstanding, Ending	5,000	'
Weighted Average Remaining Contractual Life (in years) Outstanding	'1 year 8 months 8 days	'
Weighted Average Exercise Price Outstanding, Ending	$5.40	'
Number of Options Exercisable	5,000	'
Weighted Average Exercise Price Exercisable	$5.40	'
$5.16 Exercise Price	'	'
Number of Options Outstanding, Ending	100,000	'
Weighted Average Remaining Contractual Life (in years) Outstanding	'4 years 7 days	'
Weighted Average Exercise Price Outstanding, Ending	$5.16	'
Number of Options Exercisable	100,000	'
Weighted Average Exercise Price Exercisable	$5.16	'

D_STOCK_AWARDS_AND_THEIR_TREAT5

D. STOCK AWARDS AND THEIR TREATMENT (Details 3) (RSUs, USD $)	9 Months Ended
	Sep. 30, 2014
RSUs	'
Unvested shares as of January 1, 2014	119,659
Forfeited	-24,235
Unvested shares as of September 30, 2014	95,424
Beginning of period	$2.72
Forfeited	$2.72
End of period	$2.72

E_EARNINGS_PER_COMMON_SHARE_De

E. EARNINGS PER COMMON SHARE (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
E. Earnings Per Common Share Details	'	'	'	'
Series A Preferred Stock	11,662,749	13,719,925	13,411,550	12,708,122
Series B Preferred Stock	5,997,333	7,359,805	7,037,394	7,224,242
Restricted Stock Awards	2,443,318	1,958,475	2,227,892	1,145,094
Restricted Stock Units	101,104	121,931	109,086	82,550
Total	20,204,504	23,160,136	22,785,922	21,160,008

G_INCOME_TAXES_Details

G. INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
G. Income Taxes Tables	'	'	'	'
Consolidated net income (loss) before income taxes	($11,728,669)	$13,774,648	($20,708,344)	($9,066,174)
Income tax expense (benefit)	($576,632)	($2,040,000)	($1,710,632)	($1,998,800)
Effective tax rate	5.00%	-15.00%	8.00%	22.00%

H_PAYMENT_OF_PREFERRED_DIVIDEN2

H. PAYMENT OF PREFERRED DIVIDENDS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Notes to Financial Statements	'	'	'	'
Series A Preferred Stock Dividends	$214,903	'	'	'
Series B Preferred Stock Dividends	131,289	'	'	'
Total Dividends	$346,192	$0	$445,152	$59,850