General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Current Assets        
Cash $ 45,535,352 $ 52,350,583 $ 5,404,167 $ 11,372
Accounts receivable. 4,780,627 3,888,402 417,965 91,022
Prepaid expenses and retainers 259,096 66,051 60,398 121,301
Total Current Assets 50,575,075 56,305,036 5,882,530 223,695
Properties and Equipment        
Oil and natural gas properties subject to amortization 107,371,894 58,040,724 23,051,904 6,597,433
Office equipment 497,121 257,911 175,106 11,133
Total Properties and Equipment 107,869,015 58,298,635 23,227,010 6,608,566
Accumulated depreciation, depletion and amortization (7,888,265) (2,880,253) (596,162) (89,376)
Net Properties and Equipment 99,980,750 55,418,382 22,630,848 6,519,190
Total Assets 150,555,825 111,723,418 28,513,378 6,742,885
Current Liabilities        
Accounts payable. 7,944,774 6,229,490 1,191,431 100,321
Accrued compensation       100,000
Derivative put option       276,736
Other accrued liabilities 709,566 1,002,153    
Total Current Liabilities 8,654,340 7,231,643 1,191,431 477,057
Noncurrent Liabilities        
Revolving line of credit       9,244,428
Note payable to Ring Energy, Inc.       853,122
Deferred income taxes. 3,044,298 703,651 625,950  
Asset retirement obligation. 2,276,845 1,182,410 496,286 274,788
Total Noncurrent Liabilities 5,321,143 1,886,061 1,122,236 10,372,338
Stockholders' Equity        
Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding 0 0 0 0
Common stock - $0.001 par value; 150,000,000 shares authorized; 25,645,614 shares , 23,576,313 shares and 14,166,011 shares and 3,440,000 shares outstanding, respectively 25,646 23,576 14,166 3,440
Additional paid-in capital 139,005,296 109,018,165 32,169,363 204,585
Accumulated deficit (2,450,600) (6,436,027) (5,983,818) (4,314,535)
Total Stockholders' Equity 136,580,342 102,605,714 26,199,711 (4,106,510)
Total Liabilities and Stockholders' Equity $ 150,555,825 $ 111,723,418 $ 28,513,378 $ 6,742,885