CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 474	$ 473
Accounts receivable from oil and gas sales	99	141
Other current assets	44	37
Total current assets	617	651
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion	5,732	5,914
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations	743	803
Other	132	134
Total property and equipment	875	937
Other assets (including $124 due from related parties in 2015)	1,356	1,328
Total assets	8,580	8,830
Current liabilities
Accounts payable (includes $422 due to related parties in 2016)	460	241
Accrued expenses	139	151
Current portion of long term debt	830	831
Total current liabilities	1,429	1,223
Long-term debt
Notes payable less current portion	1,139	1,166
Asset retirement obligation	2,770	2,770
Total liabilities	5,338	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 June 30, 2016 and December 31, 2015	20	20
Additional paid-in capital	58,838	58,838
Accumulated deficit	(55,617)	(55,188)
Total Stockholder's equity	3,242	3,671
Total liabilities & equity	$ 8,580	$ 8,830

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.