Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN - Status of the Stock Options (Details)

v3.21.2

EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN - Status of the Stock Options (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2020	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	0
Forfeited or rescinded	(2,265,000)
Weighted Average Exercise Price, Exercisable at end of year	$ 6.87					$ 6.87
Recognized additional compensation expense	$ 768,379
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding at beginning of the year		465,500	465,500	465,500	483,500	2,748,500	2,748,500
Granted				0			0
Forfeited or rescinded						(2,265,000)
Options Exercised			0			0
Options Outstanding at end of year	483,500	465,500	465,500	465,500	483,500	483,500	2,748,500
Options Exercisable at end of year		458,300			460,700
Weighted Average Exercise Price, Outstanding at beginning of the year		$ 3.26	$ 3.26	$ 3.26	$ 3.52	$ 6.28	$ 6.28
Weighted Average Exercise Price, Granted				0			0
Weighted Average Exercise Price, Forfeited or rescinded						6.87
Weighted Average Exercise Price, Exercised			0			0
Weighted Average Exercise Price, Outstanding at end of year	$ 3.52	3.26	$ 3.26	$ 3.26	3.52	$ 3.52	$ 6.28
Weighted Average Exercise Price, Exercisable at end of year		$ 3.13			$ 3.15
Options Outstanding - Weighted-Average Remaining Contractual Life (in years)		2 years 7 months 9 days	2 years 9 months	3 years	1 year 10 months 24 days	2 years 2 months 12 days	3 years 8 months 12 days
Options Exercisable - Weighted-Average Remaining Contractual Life (in years)		2 years 6 months 25 days			1 year 8 months 12 days
Aggregate Intrinsic Value, Outstanding at beginning of the year		$ 426,300	$ 134,850
Aggregate Intrinsic Value, Outstanding at end of year		$ 375,250	$ 426,300	$ 134,850	$ 0

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Amount of expense for employee benefit and equity-based compensation.

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The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.

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The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.

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Gross number of share options (or share units) granted during the period.

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Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.

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Number of options outstanding, including both vested and non-vested options.

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Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.

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Weighted average price at which option holders acquired shares when converting their stock options into shares.

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Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.

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Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.

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Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Number of share options (or share units) exercised during the current period.

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