Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash Provided by/(Applied to) Operating Activities:
Net Income/(Loss)	$ (89,533)	$ 3,973,120
Adjustments to Reconcile Net Income/(Loss) to Net Cash Provided by Operating Activities:
Depreciation, Depletion, Amortization and Valuation Provisions	5,895,470	2,802,006
Depreciation	75,997	64,291
Accretion of Asset Retirement Obligation	72,885	60,236
(Gain)/Loss on Asset Sales	19,491	(267,522)
Expired Leases	0	158,794
Cash Distributions from Equity Method Investees	48,000	41,580
(Income)/Loss on Equity Method and Other Investments	(47,200)	154,856
Net (Gain)/Loss on Equity Securities	(115,603)	1,635,240
Deferred Income Taxes	(400,084)	1,068,275
Change in Receivables	(246,005)	(724,522)
Change in Accounts Payable & Other Current Liabilities	379,435	(267,084)
Other	0	(68,019)
Net Cash Provided by Operating Activities	5,592,853	8,631,251
Cash Provided by/(Applied to) Investing Activities:
Maturity of Available-for-Sale Debt Securities	9,679,589	0
Purchase of Available-for-Sale Debt Securities	(7,691,842)	(4,208,648)
Proceeds from Disposal of Property, Plant and Equipment	1,023,857	533,699
Purchase of Property, Plant and Equipment	(8,160,146)	(10,047,748)
Purchase of Investments	(611,693)	(1,561,767)
Cash Distributions from Other Investments	15,000	108,019
Sale of Equity Securities	158,472	9,148,302
Purchase of Equity Securities	(403,977)	(3,944,143)
Cash Acquired in Excess of Payments to Acquire Business	0	88,670
Net Cash Applied to Investing Activities	(5,990,740)	(9,883,616)
Cash Provided by/(Applied to) Financing Activities:
Principal Payments on Note Payable	(136,637)	(66,332)
Capital Contributions from Non-Controlling Interests	85,148	52,416
Dividends Paid to Stockholders	(1,560,704)	(1,561,573)
Purchase of Treasury Stock	(70,669)	(2,080)
Net Cash Applied to Financing Activities	(1,682,862)	(1,577,569)
Net Change in Cash and Cash Equivalents	(2,080,750)	(2,829,933)
Cash and Cash Equivalents at Beginning of Year	7,299,224	10,129,157
Cash and Cash Equivalents at End of Year	5,218,474	7,299,224
Supplemental Disclosures of Cash Flow Information:
Interest Paid	55,773	29,873
Income Taxes Paid, Net of Income Tax Refunds	425,510	0
Supplemental Schedule of Noncash Investing and Financing Activities:
Net (Increase)/Decrease in Accounts Payable for Property, Plant and Equipment Additions	$ 304,210	$ (218,826)

RESERVE PETROLEUM CO 10-K