ASSET RETIREMENT OBLIGATION (Details) |
3 Months Ended |
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Mar. 31, 2022
USD ($)
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ASSET RETIREMENT OBLIGATION. | |
Balance | $ 15,292,054 |
Liabilities incurred | 44,458 |
Accretion expense | 188,243 |
Balance | $ 15,524,755 |
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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