Description Of Business And Significant Accounting Policies (FY) (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Description Of Business And Significant Accounting Policies [Abstract]

Disaggregation Of Revenue

The following table presents the disaggregated revenue by commodity for the three months and nine months ended September 30, 2020 and 2019 (in thousands):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Crude oil	$	757	$	1,208	$	2,275	$	3,757
Saltwater disposal fees		8		7		17		20
Total	$	765	$	1,215	$	2,292	$	3,777

The following table presents the disaggregated revenue by commodity for the years ended December 31, 2019 and 2018 (in thousands):

	Year ended December 31,
	2019		2018
Crude oil	$	4,884		5,840
Saltwater disposal fees		27		31
Total	$	4,911	$	5,871

Inventory

At September 30, 2020 and December 31, 2019, inventory consisted of the following :

	September 30, 2020		December 31, 2019
Oil – carried at lower of cost or market	$	302	$	415
Total inventory	$	302	$	415

At December 31, 2019 and December 31, 2018, inventory consisted of the following (in thousands):

	December 31,
	2019		2018
Oil – carried at cost	$	415	$	359
Equipment and materials – carried at market		—		105
Total inventory	$	415	$	464

Accounts Receivable

The following table sets forth information concerning the Company’s accounts receivable (in thousands):

	September 30, 2020		December 31, 2019
Revenue	$	259	$	415
Tax		—		65
Joint interest		3		77
Accounts receivable - current	$	262	$	557
Tax - noncurrent	$	—	$	65

At December 31, 2019 and 2018, accounts receivable consisted of the following (in thousands):

	December 31,
	2019		2018
Revenue	$	415	$	396
Tax		65		129
Joint interest		77		8
Accounts receivable - current	$	557	$	533
Tax - noncurrent	$	65	$	130

Reconciliations Of The Numerators And Denominators Of Basic And Diluted Earnings Per Share

The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share ():

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2020			2019			2020			2019
Income (numerator):
Net loss	$	(813	)	$	(182	)	$	(1,894	)	$	(269	)
Weighted average shares (denominator):
Weighted average shares – basic		10,680,050			10,653,550			10,673,238			10,648,838
Dilution effect of share-based compensation, treasury method		—			—			—			—
Weighted average shares – dilutive		10,680,050			10,653,550			10,673,238			10,648,838
Loss per share:
Basic and fully diluted	$	(0.08	)	$	(0.02	)	$	(0.18	)	$	(0.03	)

The following are reconciliations of the numerators and denominators of the Company’s basic and diluted earnings per share

	For the years ended December 31,
	2019			2018
Income (numerator):
Net income (loss) from continuing operations	$	(436	)	$	442
Net income from discontinued operations		—			1,127
Weighted average shares (denominator):
Weighted average shares - basic		10,651,342			10,628,170
Dilution effect of share-based compensation, treasury method		—			—
Weighted average shares - dilutive		10,651,342			10,628,170
Income (loss) per share – Basic and Dilutive:
Continuing operations	$	(0.04	)	$	0.04
Discontinued operations	$	—		$	0.11