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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 547 $ 473
Accounts receivable from oil and gas sales 95 141
Other current assets 48 37
Total current assets 690 651
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 5,779 5,914
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 777 803
Other 130 134
Total property and equipment 907 937
Other assets 1,345 1,328
Total assets 8,721 8,830
Current liabilities    
Accounts payable - (including $348 and $168 due to related parties in 2016 and 2015) 440 241
Accrued expenses 160 151
Current portion of long term debt 831 831
Total current liabilities 1,431 1,223
Long-term debt    
Notes payable less current portion 1,145 1,166
Asset retirement obligation 2,770 2,770
Total liabilities 5,346 5,159
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 March 31, 2016 and December 31, 2015 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (55,484) (55,188)
Total Stockholder's equity 3,375 3,671
Total liabilities & equity $ 8,721 $ 8,830