Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.24.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions

Average

Instrument

Daily

Total

Weighted

Weighted

Weighted

Period

    

Type

    

Volumes

    

Volumes

    

Strike Price

    

Put Price

    

Call Price

Jan 2024 - Dec 2024

calls

65,000

23,790,000

$

$

$

6.13

Jan 2025 - Mar 2025

calls

62,000

5,580,000

$

$

$

5.50

Jan 2024 - Dec 2024 (1)

swaps

65,576

24,000,000

$

2.46

$

$

Jan 2025 - Mar 2025 (1)

swaps

63,333

5,700,000

$

2.72

$

$

Apr 2025 - Dec 2025 (1)

puts

62,183

17,100,000

$

$

2.27

$

Jan 2026 - Dec 2026 (1)

puts

55,895

20,400,000

$

$

2.35

$

Jan 2027 - Dec 2027 (1)

puts

52,607

19,200,000

$

$

2.37

$

Jan 2028 - Apr 2028 (1)

puts

49,725

6,000,000

$

$

2.42

$

(1)

These contracts were entered into by the Company’s wholly owned subsidiary, A-I LLC.

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

December 31, 

2023

2022

Prepaid expenses and other current assets

$

1,180

$

4,954

Other assets

 

10,068

 

23,236

Accrued liabilities

 

6,267

 

46,595

Other liabilities

2,756

43,061

Year Ended December 31, 

    

2023

    

2022

    

2021

Realized loss

$

4,087

$

125,089

$

95,187

Unrealized (gain) loss

(58,846)

(39,556)

80,126

Derivative (gain) loss, net

(54,759)

85,533

175,313