9. CASH FLOW INFORMATION
The Company does not consider any of its assets, other than cash
and certificates of deposit shown as cash on the balance sheet, to meet the definition of a cash equivalent.
Net cash provided by operating activities includes cash payments
for interest of $55,000, $84,000, and $71,000 for the years 2011, 2010 and 2009, respectively. Also included are cash payments
for taxes of $170,000, $-0-, and $400,000, in 2011, 2010 and 2009, respectively.
Excluded from the Consolidated Statements of Cash Flows were the
effects of certain non-cash investing and financing activities, as follows:
| |
2011 |
2010 |
2009 |
| Addition of Oil & Gas |
|
|
|
| properties by recognitions of |
|
|
|
| asset retirement oblibation |
$ 57,000 |
$ 45,000 |
$ 8,000 |
| |
$ 57,000 |
$ 45,000 |
$ 8,000 |
|