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Schedule of Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2013
Schedule of Quarterly Financial Information (Tables):  
Schedule of Quarterly Financial Information

The table below reflects the Company’s selected quarterly information for the years ended December 31, 2013, 2011 and 2010.  Amounts shown are in thousands except per share amounts.

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Year ended December 31, 2013

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,020

 

 

$

1,050

 

 

$

1,018

 

 

$

1,134

 

Operating (expense)

 

 

(1,078

)

 

 

(1,112

)

 

 

(1,102

)

 

 

(1,072

)

Corporate general and administrative expense

 

 

(173

)

 

 

(170

)

 

 

(170

)

 

 

(129

)

Impairment of natural gas and oil properties

 

 

 

 

 

 

 

 

 

 

 

(200

)

Other income (expense) net

 

 

262

 

 

 

370

 

 

 

387

 

 

 

391

 

Net income (loss) from continuing operations

 

 

31

 

 

 

138

 

 

 

133

 

 

 

124

 

Income (loss) allocable to common shareholders

 

$

31

 

 

$

138

 

 

$

133

 

 

$

124

 

Income (loss) per common share – basic

 

$

0.02

 

 

$

0.07

 

 

$

0.07

 

 

$

0.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Year ended December 31, 2012

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

964

 

 

$

988

 

 

$

976

 

 

$

1,016

 

Operating (expense)

 

 

(1,102

)

 

 

(1,071

)

 

 

(1,022

)

 

 

(1,082

)

Corporate general and administrative expense

 

 

(159

)

 

 

(134

)

 

 

(108

)

 

 

(176

)

Impairment of natural gas and oil properties

 

 

(912

)

 

 

-

 

 

 

-

 

 

 

-

 

Other income (expense) net

 

 

(58

)

 

 

48

 

 

 

1,674

 

 

 

534

 

Net income (loss) from continuing operations

 

 

(1,267

)

 

 

(169

)

 

 

1,520

 

 

 

84

 

Income (loss) allocable to common shareholders

 

$

(1,267

)

 

$

(169

)

 

$

1,520

 

 

$

84

 

Income (loss) per common share – basic

 

$

(0.65

)

 

$

(0.08

)

 

$

0.78

 

 

$

0.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Year ended December 31, 2011

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,009

 

 

$

1,013

 

 

$

1,003

 

 

$

876

 

Operating (expense)

 

 

(948

)

 

 

(911

)

 

 

(990

)

 

 

(2,334

)

Corporate general and administrative expense

 

 

(124

)

 

 

(126

)

 

 

(101

)

 

 

(228

)

Impairment of natural gas and oil properties

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other income (expense) net

 

 

160

 

 

 

90

 

 

 

30

 

 

 

(10,212

)

Net income (loss) from continuing operations

 

 

97

 

 

 

66

 

 

 

(57

)

 

 

(11,899

)

Income (loss) allocable to common shareholders

 

$

97

 

 

$

66

 

 

$

(57

)

 

$

(11,899

)

Income (loss) per common share – basic

 

$

0.05

 

 

$

0.03

 

 

$

(0.03

)

 

$

(6.10

)