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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Oil and gas operations, net of royalties $ 232 $ 410 $ 663 $ 1,239
Real estate operations 772 721 2,233 2,174
Total Revenues 1,004 1,131 2,896 3,413
Operating expenses        
Oil and gas operations 527 447 1,437 1,355
Real estate operations 423 400 1,248 1,183
Lease expense 245 240 735 721
Corporate general and administrative 176 208 485 605
Total Operating Expenses 1,371 1,295 3,905 3,864
Operating earnings (loss) (367) (164) (1,009) (451)
Other income (expense)        
Interest income 6 1 6 3
Interest expense (12) (22) (54) (75)
Recovery of bad debt expense 306 0 1,430 0
Other income (expense), net (8) (19) (24) 180
Other income (expense) 292 (40) 1,358 108
Net income (loss) applicable to common shares $ (75) $ (204) $ 349 $ (343)
Net income (loss) per common share-basic and diluted $ (0.04) $ (0.1) $ 0.18 $ (0.18)
Weighted average common and equivalent shares outstanding - basic 1,947 1,947 1,947 1,947