v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and Cash Equivalents	$ 1,850,831	$ 1,877,163
Restricted Cash	6,000,000	6,025,000
Other Receivables, net	669,873	868,429
Revenue Receivables	439,207	764,653
Prepaid Expenses and Other Current Assets	757,914	619,913
Total Current Assets	9,717,825	10,155,158
Other Assets	584,865	589,865
Right of Use Asset - Operating Leases	214,308	238,509
Oil and Gas Properties (Successful Efforts Basis), Real Property and Equipment and Fixtures, net	4,584,033	4,656,659
Total Assets	15,101,031	15,640,191
Accounts Payable and Accrued Expenses	6,510,879	6,966,605
Notes Payable - Current	1,400,000	0
Royalties Payable	611,833	611,833
RMX Resources, LLC	23,087	23,087
Operating Leases - Current	96,095	94,070
Asset Retirement Obligation - Current	1,012,500	1,012,500
Deferred Drilling Obligations	12,032,996	11,457,996
Total Current Liabilities	21,687,390	20,166,091
Asset Retirement Obligation	4,081,358	4,066,095
Notes Payable - Non-current	2,120,934	3,489,290
Operating Leases - Non-current	120,229	145,644
Accrued Unpaid Guaranteed Payments	90,000	90,000
Accrued Liabilities - Non-current	12,386	12,386
Total Liabilities	28,112,297	27,969,506
Common Stock, .001 Par Value, 280,000,000 Shares Authorized 96,600,302 and 96,600,302 shares issued and outstanding at March 31 2025 and December 31, 2024, respectively	96,600	96,600
Additional Paid in Capital	81,078,554	81,078,554
Accumulated Deficit	(94,186,420)	(93,504,469)
Total Stockholders’ Deficit	(13,011,266)	(12,329,315)
Total Liabilities, and Stockholders’ Deficit	$ 15,101,031	$ 15,640,191

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Royale Energy, Inc. 10-Q