Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 160

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 160
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$1,408,099,474 $1,376,496,392 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent LiabilitiesAccounts payable$95,729,261 $104,064,124 Income tax liability328,985 — Financing lease liability906,119 956,254 Operating lease liability648,204 568,176 Derivative liabilities6,410,547 7,520,336 Notes payable496,397 533,734 Asset retirement obligations517,674 165,642 Total Current Liabilities105,037,187 113,808,266 Non-current LiabilitiesDeferred income taxes28,591,802 8,552,045 Revolving line of credit385,000,000 425,000,000 Financing lease liability, less current portion647,078 906,330 Operating lease liability, less current portion1,405,837 2,054,041 Derivative liabilities2,912,745 11,510,368 Asset retirement obligations25,864,843 28,082,442 Total Liabilities549,459,492 589,913,492 Commitments and Contingencies - See Note 13Stockholders' EquityPreferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding— — Common stock - $0.001 par value; 450,000,000 shares authorized; 198,561,378 shares and 196,837,001 shares issued and outstanding, respectively198,561 196,837 Additional paid-in capital800,419,719 795,834,675 Retained earnings (Accumulated deficit)58,021,702 (9,448,612)Total Stockholders’ Equity858,639,982 786,582,900 Total Liabilities and Stockholders' Equity$1,408,099,474 $1,376,496,392 

The accompanying notes are an integral part of these financial statements.

F-4

Table of ContentsRING ENERGY, INC.STATEMENTS OF OPERATIONS

For the years ended December 31,202420232022Oil, Natural Gas, and Natural Gas Liquids Revenues$366,327,414 $361,056,001 $347,249,537 Costs and Operating ExpensesLease operating expenses78,310,949 70