| Note 4. Oil and Gas Properties |
The following table summarizes the Company’s oil and gas activities by classification and geographical cost center for the three months ended March 31, 2021: |
|
| December 31, 2020
|
|
| Adjustments
|
|
| Impairments
|
|
| March 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proved developed producing oil and gas properties
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States cost center
|
| $
| 81,352,074
|
|
| $
| 409,105
|
|
| $
| -
|
|
| $
| 81,761,179
|
|
| Accumulated depreciation, depletion and amortization
|
|
| (16,648,321
| )
|
|
| (1,494,678
| )
|
|
| -
|
|
|
| (18,142,999
| )
|
| Proved developed producing oil and gas properties, net
|
| $
| 64,703,753
|
|
| $
| (1,085,573
| )
|
| $
| -
|
|
| $
| 63,618,180
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Undeveloped and non-producing oil and gas properties
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States cost center
|
| $
| 47,209,269
|
|
| $
| 266,455
|
|
| $
| -
|
|
| $
| 47,475,724
|
|
| Accumulated depreciation, depletion and amortization
|
|
| (9,756,586
| )
|
|
| (843,059
| )
|
|
| -
|
|
|
| (10,599,645
| )
|
| Undeveloped and non-producing oil and gas properties, net
|
| $
| 37,452,683
|
|
| $
| (576,604
| )
|
| $
| -
|
|
| $
| 36,876,079
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Oil and Gas Properties, Net
|
| $
| 102,156,436
|
|
| $
| (1,662,177
| )
|
| $
| -
|
|
| $
| 100,494,259
|
|
|