Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 86

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 86
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ion1,380,298 1,425,686 983,432 Operating lease expense700,362 541,801 363,908 General and administrative expense29,640,300 29,188,755 27,095,323 Total Costs and Operating Expenses233,426,714 215,275,510 155,505,404 Income from Operations132,900,700 145,780,491 191,744,133 Other Income (Expense)Interest income491,946 257,155 4 Interest (expense)(43,311,810)(43,926,732)(23,167,729)Gain (loss) on derivative contracts(2,365,917)2,767,162 (21,532,659)Gain (loss) on disposal of assets89,693 (87,128)— Other income106,656 198,935 — Net Other Income (Expense)(44,989,432)(40,790,608)(44,700,384)Income Before Provision for Income Taxes87,911,268 104,989,883 147,043,749 Provision for Income Taxes(20,440,954)(125,242)(8,408,724)Net Income$67,470,314 $104,864,641 $138,635,025 Basic Earnings per Share$0.34 $0.55 $1.14 Diluted Earnings per Share$0.34 $0.54 $0.98 

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

F-5

Table of ContentsRING ENERGY, INC.STATEMENT OF STOCKHOLDERS’ EQUITY

Common StockAdditionalPaid-inCapitalRetained Earnings(AccumulatedDeficit)TotalStockholders'EquitySharesAmountBalance, December 31, 2021100,192,562$100,193 $553,472,292 $(252,948,278)$300,624,207 Exercise of common warrants issued in offering10,253,90710,254 8,192,872 — 8,203,126 Options exercised100,000100 (100)— — Shares elected to be withheld for options exercised(47,506)(48)48 — — Restricted stock vested1,310,8941,311 (1,311)— —