Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 165

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 165
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(919,249)(520,153)(521,199)Proceeds from notes payable1,560,281 1,637,513 1,323,354 Payments on notes payable(1,597,618)(1,603,659)(1,409,884)Payment of deferred financing costs(88,450)(52,222)(18,891,528)Reduction of financing lease liabilities(954,298)(776,388)(495,098)Net Cash Provided by (Used in) Financing Activities(41,999,334)20,986,687 113,208,771 Net Increase (Decrease) in Cash1,570,011 (3,416,142)1,304,210 Cash at Beginning of Period296,384 3,712,526 2,408,316 Cash at End of Period$1,866,395 $296,384 $3,712,526 

F-7

Table of ContentsRING ENERGY, INC.STATEMENTS OF CASH FLOWS (CONTINUED)

For the Years Ended December 31,202420232022Supplemental Cash Flow InformationCash paid for interest$39,196,575 $38,009,164 $19,818,623 Cash paid for income taxes72,213 72,213 — Noncash Investing and Financing ActivitiesAsset retirement obligation incurred during development$695,553 $439,528 $353,008 Asset retirement obligation acquired— 2,090,777 14,538,550 Asset retirement obligation revision of estimate133,794 53,826 — Asset retirement obligation sold(3,219,651)(5,340,211)— Operating lease assets obtained in exchange for new operating lease liability— 1,713,677 754,894 Financing lease assets obtained in exchange for new financing lease liability, net (1)738,240 894,996 952,101 Change in capitalized expenditures attributable to drilling projects financed through current liabilities(3,896,948)(2,241,192)9,179,003 Supplemental Schedule for Founders AcquisitionInvesting Activities - Cash PaidEscrow deposit released at closing$— $7,500,000 $— Closing amount paid to Founders— 42,502,799 — Interest from escrow deposit— 1,747 — Direct transaction costs— 1