{"url_path":"/sec/royl/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 Certain Relationships and Related Transactions, and Director","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-13","source_url":"https://www.sec.gov/Archives/edgar/data/1694617/0001185185-26-002897-index.html","accession_number":"0001185185-26-002897","cik":"0001694617","ticker":"ROYL","issuer_name":"Royale Energy, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1694617/0001185185-26-002897-index.html","primary_entity_key":"0001694617","primary_entity_name":"Royale Energy, Inc."},"word_count":247,"has_tables":true,"body_markdown":"**Item 13. Certain Relationships and Related Transactions, and Director\nIndependence**\n\n \n\nOur Chief Executive Officer, Johnny Jordan, had accrued certain unpaid\nsalary, at December 31, 2024, Mr. Jordan was owed $46,926, in accrued unpaid guaranteed payments. These amounts were discharged in the\nrestructuring transaction described in Note 14.\n\n \n\nIn 2018 the board of directors terminated the policy allowing employees\nand directors to participate, at cost, in wells drilled by the Company. Under the prior policy our former Chief Financial Officer and\ncurrent board of director’s secretary, Stephen Hosmer, had participated individually in 179 wells. At December 31, 2025, the Company\nhad a receivable balance of $22,266 due from Stephen Hosmer and $13,149 from Donald Hosmer for normal lease operating expenses.\n\n \n\nAt December 31, 2025, we had a total payable of $23,087 due to RMX\nand its subsidiary, Matrix, related to certain lease operating expenses for wells operated by RMX, and also had prepaid expenses of $710,590\nprimarily for future plugging and abandonment costs for wells operated by RMX. At December 31, 2025, we had a total payable of $146,596\nowed to current and former board members for directors fees.\n\n \n\nRoyale had outstanding accrued unpaid guaranteed payments for unpaid\nsalaries for employees for periods predating their joining the Company due to a former Matrix employee. At December 31, 2025, the balance\ndue was $90,000. At December 31, 2025, Royale also had accrued unpaid liabilities of $12,386 due to a former Matrix employees for periods\npredating their joining the Company."}