Revenue (USD): 5,274,000; YoY: 0.67%; QoQ: -14.31%. Explanation: Modest topline with a meaningful sequential decline, reflecting a small production base and seasonality. Gross Profit: 165,000; Gross Margin: 3.13%; YoY: -79.63%; QoQ: -75.88%. Explanation: Very tight margin driven by high fixed costs relative to revenue in a small-scale E&P portfolio. Cost of revenue: 5,109,000; Gross profit small despite revenue. Operating Income: -1,155,000; Operating Margin: -21.90%; YoY: +7.00%; QoQ: -60.42%. Explanation: Operating losses persist due to fixed cost base and subscale operations. EBITDA: 176,000; EBITDA Margin: 3.34%. Net Income: -1,772,000; Net Margin: -33.60%; YoY: -43.48%; QoQ: -166.87%. EPS (Diluted): -0.18; YoY: -50.00%; QoQ: -171.08%. Weighted average shares: 10,019,172. Free Cash Flow: 281,000; Operating Cash Flow: 1,625,000; Cash Balance: 3,685,000. Balance Sheet: Total assets 32,782,000; Total liabilities 16,384,000; Total stockholders’ equity 16,384,000; Cash and equivalents 3,685,000; Net Debt: -3,660,000. Liquidity: Current ratio 1.53; Quick ratio 1.53. Liquidity and leverage indicate a net cash position with limited debt, affording optionality for future activity. Cash Flow: Net cash provided by operating activities 1,625,000; Capex (Investing) -606,000; Free Cash Flow 281,000; Net Change in Cash 462,000; Cash at End 3,685,000.