Income Taxes (FY) (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation Of The Statutory U.S. Federal Income Tax And The Income Tax Provision

A reconciliation of the statutory U.S. Federal income tax and the income tax provision included in the accompanying consolidated statements of operations is as follows (in thousands):

Year Ended December 31, 2019	Total
Statutory rate		21	%
Tax (benefit) expense at statutory rate	$	(99	)
State income tax (benefit) expense		321
Permanent difference		—
Return to provision		(40	)
Stock Compensation Tax Deficit - ASU 2016-09		4
2019 NOL Expiration		557
Net change in deferred tax asset valuation allowance		(771	)
Total income tax provision (benefit)	$	(28	)

Year Ended December 31, 2018	Total
Statutory rate		21	%
Tax (benefit) expense at statutory rate	$	326
State income tax (benefit) expense		95
Permanent difference		1
Return to provision		152
Net change in deferred tax asset valuation allowance		(591	)
Total income tax provision (benefit)	$	(17	)

Schedule Of Deferred Tax Assets And Liabilities

The Company’s deferred tax assets and liabilities are as follows: (in thousands)

	Year Ended December 31,
	2019			2018
Net deferred tax assets (liabilities):
Net operating loss carryforwards	$	9,119		$	9,675
Oil and gas properties		1,054			1,327
Property, Plant and Equipment		(5	)		(163	)
Asset retirement obligation		500			592
Tax credits		65			130
Miscellaneous		36			45
Valuation allowance		(10,704	)		(11,476	)

Net deferred tax asset	$	65		$	130