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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Oil and gas operations, net of royalties $ 190 $ 232 $ 579 $ 663
Real estate operations 653 772 1,995 2,233
Total Revenues 843 1,004 2,574 2,896
Operating expenses        
Oil and gas operations 295 527 924 1,437
Real estate operations. 396 423 1,146 1,248
Lease expense 251 245 748 735
Corporate general and administrative 52 176 319 485
Total Operating Expenses 994 1,371 3,137 3,905
Operating earnings (loss) (151) (367) (563) (1,009)
Other income (expense)        
Interest income 6 6 17 6
Interest expense (8) (12) (26) (54)
Recovery of bad debt expense 0 306 0 1,430
Other income (expense), net (11) (8) (21) (24)
Other income (expense) (13) 292 (30) 1,358
Net income (loss) applicable to common shares $ (164) $ (75) $ (593) $ 349
Net income (loss) per common share-basic and diluted $ (0.08) $ (0.04) $ (0.30) $ 0.18
Weighted average common and equivalent shares outstanding - basic 1,947 1,947 1,947 1,947