Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 184

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 7
Chunk 184
---
Expense) for the Three Months Ended June 30, 2025 and 2024

For the Three Months EndedJune 30, 2025June 30, 2024Change% ChangeInterest income$69,658 $144,933 $(75,275)(52)%Interest expense:     Interest on revolving line of credit$9,482,817 $9,521,775 $(38,958)— %     Fees associated with revolving line of credit210,459 245,297 (34,838)(14)%     Amortization of deferred financing costs1,836,174 1,221,608 614,566 50 %     Interest on financing lease liabilities27,638 31,422 (3,784)(12)%     Interest paid for notes payable10,645 9,986 659 7 %     Deferred cash payment accretion189,671 — 189,671 100 %     Other interest— (83,961)83,961 100 %Total interest expense$11,757,404 $10,946,127 $811,277 7 %Gain (loss) on derivative contracts:Realized gain (loss):     Crude oil$433,301 $(4,073,127)$4,506,428 111 %     Natural gas244,542 1,478,630 (1,234,088)(83)%Total realized gain (loss)$677,843 $(2,594,497)$3,272,340 126 %Unrealized gain (loss):     Crude oil$12,145,940 $2,308,594 $9,837,346 426 %     Natural gas1,824,271 (1,542,696)3,366,967 218 %Total unrealized gain (loss)$13,970,211 $765,898 $13,204,313 1724 %Total gain (loss) on derivative contracts:$14,648,054 $(1,828,599)$16,476,653 901 %Gain (loss) on disposal of assets$155,293 $51,338 $103,955 202 %Other income$150,770 $— $150,770 100 %

Interest income. Interest income decreased