Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 26

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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,054,041 Financing lease liability, current portion$728,762 $906,119 Financing lease liability, non-current portion547,064 647,078 Financing lease liability, total$1,275,826 $1,553,197 Total undiscounted future cash flows (sum of future financing lease payments)1,373,977 1,667,763 Imputed interest98,151 114,566 Undiscounted future cash flows less imputed interest$1,275,826 $1,553,197 The following table provides supplemental information regarding lease costs in the Condensed Statements of Operations:For the Three Months EndedFor the Nine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Operating lease costs$175,091 $175,091 $525,272 $525,272 Short-term lease costs (1)1,143,136 1,225,729 3,555,538 3,311,077 Financing lease costs:Amortization of financing lease assets (2)217,213 258,022 720,618 790,386 Interest on financing lease liabilities (3)24,330 27,224 80,709 89,963 (1)Amount included in Lease operating expenses(2)Amount included in Depreciation, depletion and amortization(3)Amount included in Interest (expense)

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NOTE 4 — EARNINGS (LOSS) PER SHARE INFORMATIONThe following table presents the calculation of the Company's basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2025 and 2024. For all dilutive securities, the treasury stock method of calculating the incremental shares is applied.For the Three Months EndedFor the Nine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Net Income (Loss)$(51,631,530)$33,878,424 $(21,885,905)$61,812,795 Basic Weighted-Average Shares Outstanding206,688,003 198,177,046 204,223,621 197,850,538 Effect of dilutive securities:Stock options— — — — Restricted stock units— 1,905