RESERVE PETROLEUM CO: 10-K filed 2022-03-31
What RESERVE PETROLEUM CO reported in its annual report filed 2022-03-31 (fiscal FY 2021): 36 published measures, 72 facts as tagged in accession 0001437749-22-007779.
This filing
- Form
- 10-K (annual report)
- Filed
- 2022-03-31
- Fiscal period
- fiscal FY 2021
- Accession
- 0001437749-22-007779 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All RESERVE PETROLEUM CO filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 33,346,044 | USD | |
| At 2020-12-31 | 32,147,711 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 3,547,214 | USD | |
| At 2020-12-31 | 2,762,399 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 29,798,830 | USD | |
| At 2020-12-31 | 29,385,312 | USD | |
| At 2019-12-31 | 32,127,244 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 10,129,157 | USD | |
| At 2020-12-31 | 16,187,085 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 1,251,295 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -1,956,255 | USD | 366 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 3,777,163 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 1,086,237 | USD | 366 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 9,116,426 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 4,082,098 | USD | 366 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | -837,777 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -785,678 | USD | 366 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | -8,997,314 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 13,148,188 | USD | 366 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 31,389,240 | USD | |
| At 2020-12-31 | 30,920,837 | USD |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 0 | shares | 365 |
| 2020-01-01 to 2020-12-31 | 0 | shares | 366 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | -54,889 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -534,293 | USD | 366 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 7,557,938 | USD | |
| At 2020-12-31 | 7,477,140 | USD |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 640,884 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -3,155,775 | USD | 366 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 21,457,849 | USD | |
| At 2020-12-31 | 21,529,736 | USD |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 523,668 | USD | |
| At 2020-12-31 | 263,497 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 261,114 | USD | |
| At 2020-12-31 | 248,054 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 1,362,963 | USD | |
| At 2020-12-31 | 794,162 | USD |
Common-stock repurchase payments
Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 54,885 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 2,600 | USD | 366 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 156,173 | shares | |
| At 2020-12-31 | 156,595 | shares |
Total equity including noncontrolling interests
Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 29,798,830 | USD | |
| At 2020-12-31 | 29,385,312 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 680,043 | USD | |
| At 2020-12-31 | 279,240 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 146,425 | USD | |
| At 2020-12-31 | 96,532 | USD |
Other noncurrent assets
Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 112,400 | USD | |
| At 2020-12-31 | 120,445 | USD |
Net deferred tax assets
Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 1,889,235 | USD | |
| At 2020-12-31 | 1,533,008 | USD |
Net deferred tax liabilities
Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-12-31 | 551,320 | USD | |
| At 2020-12-31 | 568,627 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 1,196,406 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -2,490,548 | USD | 366 |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 2,311,144 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 1,798,991 | USD | 366 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 2,754,923 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 3,315,822 | USD | 366 |
Nonoperating income or expense
Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 709,563 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 775,082 | USD | 366 |
Current income tax expense or benefit
Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | -37,582 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -185,555 | USD | 366 |
Deferred income tax expense or benefit
The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | -17,307 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -348,738 | USD | 366 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 23,184 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 23,252 | USD | 366 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 94,375 | USD | 365 |
Change in accounts receivable
The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 358,242 | USD | 365 |
| 2020-01-01 to 2020-12-31 | -107,932 | USD | 366 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-12-31 | 14,055 | USD | 365 |
| 2020-01-01 to 2020-12-31 | 50,692 | USD | 366 |
Inspect the source
- Entity
- RESERVE PETROLEUM CO / CIK 0000083350
- Captured
- 2026-09-19T14:51:43.890Z
- SEC response SHA-256
67ffd8ea82a6724ae0d7ec642d3231bec22a9a390a83ff9473f4336d22a04257
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0000083350.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))