XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 301 $ 1,621
Accounts receivable from oil and gas sales 228 195
Other current assets 203 203
Total current assets 732 2,019
Proved developed and undeveloped oil and gas properties, net of depletion 8,975 9,190
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 1,527 1,442
Other 182 183
Total property and equipment 1,709 1,625
Other assets (including $124 and $161 due from related parties in 2014 and 2013) 1,169 474
Total assets 12,585 13,308
Current liabilities    
Accounts payable - trade 239 121
Accrued expenses 248 965
Current portion of long term debt 207 185
Total current liabilities 694 1,271
Long-term debt    
Notes payable less current portion 2,188 2,195
Asset retirement obligation 2,770 2,770
Total liabilities 5,652 6,236
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,935 shares at June 30, 2014 and December 31, 2013 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (51,926) (51,787)
Total Stockholders' equity 6,933 7,072
Total liabilities & equity $ 12,585 $ 13,308