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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Oil and gas operations, net of royalties $ 410 $ 324 $ 1,239 $ 1,048
Real estate operations. 721 694 2,174 2,040
Total Revenues 1,131 1,018 3,413 3,088
Operating expenses        
Oil and gas operations 447 495 1,355 1,444
Real estate operations 400 372 1,183 1,141
Lease expense 240 235 721 707
Corporate general and administrative 208 170 605 513
Total Operating expenses 1,295 1,272 3,864 3,805
Operating earnings (loss) (164) (254) (451) (717)
Other income (expense)        
Interest income 1 1 3 9
Interest expense (22) (24) (75) (97)
Recovery of bad debt expense   410   1,143
Other income (expense), net (19)   180 (36)
Other income (expense) (40) 387 108 1,019
Net income (loss) applicable to common shares $ (204) $ 133 $ (343) $ 302
Net income (loss) per common share-basic and diluted $ (0.10) $ 0.07 $ (0.18) $ 0.16
Weighted average common and equivalent shares outstanding - basic 1,947 1,947 1,947 1,947