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Schedule of Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule of Quarterly Financial Information  
Schedule of Quarterly Financial Information

NOTE I - QUARTERLY DATA (UNAUDITED) 

The table below reflects the Company’s selected quarterly information for the years ended December 31, 2016, 2015 and 2014.  Amounts shown are in thousands except per share amounts.

 

 

 

First

 

Second

 

Third

 

Fourth

Year ended December 31, 2016

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

 

 

 

 

 

 

 

 

Revenue

 

$

219

 

 

$

170

 

 

$

190

 

 

$

185

 

Operating (expense)

 

 

(396

)

 

 

(233

)

 

 

(295

)

 

 

(327

)

Corporate general and administrative expense

 

 

(166

)

 

 

(101

)

 

 

(52

)

 

 

(33

)

Gain on prepayment of debt

 

 

—  

 

 

 

—  

 

 

 

—  

 

 

 

888

 

Gain on sale of land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50

 

Other income (expense) net

 

 

(10

)

 

 

(7

)

 

 

(13

)

 

 

(80

)

Net income (loss) from continuing operations

 

 

(353

)

 

 

(171

)

 

 

(170

)

 

738

 

Net income (loss) from discontinued operations

 

 

57

 

 

 

38

 

 

 

6

 

 

 

(97

)

Income (loss) allocable to common shareholders

 

$

(296

)

 

$

(133

)

 

$

(164

)

 

 

641

 

Income (loss) per common share – basic

 

$

(0.15

)

 

$

(0.07

)

 

$

(0.08

)

 

$

0.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

 

Second

 

 

 

Third

 

 

 

Fourth

 

Year ended December 31, 2015

 

 

Quarter

 

 

 

Quarter

 

 

 

Quarter

 

 

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

172

 

 

$

259

 

 

$

232

 

 

$

157

 

Operating (expense)

 

 

(470

)

 

 

(440

)

 

 

(527

)

 

 

(363

)

Corporate general and administrative expense

 

 

(154

)

 

 

(155

)

 

 

(176

)

 

 

(120

)

Impairment of natural gas and oil properties

 

 

—  

 

 

 

—  

 

 

 

—  

 

 

 

(2,717

)

Recovery of bad debt

 

 

738

 

 

 

386

 

 

 

306

 

 

 

—  

 

Other income (expense) net

 

 

(34

)

 

 

(24

)

 

 

(14

)

 

 

(10

)

Net income (loss) from continuing operations

 

 

252

 

 

 

26

 

 

 

(179

)

 

 

(3,053

)

Net income (loss) from discontinued operations

 

 

62

 

 

 

84

 

 

 

104

 

 

 

82

 

Income (loss) allocable to common shareholders

 

$

314

 

 

$

110

 

 

$

(75

)

 

$

(2,971

)

Income (loss) per common share – basic

 

$

0.16

 

 

$

0.06

 

 

$

(0.04

)

 

$

(1.53

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

 

Second

 

 

 

Third

 

 

 

Fourth

 

Year ended December 31, 2014

 

 

Quarter

 

 

 

Quarter

 

 

 

Quarter

 

 

 

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

344

 

 

$

485

 

 

$

410

 

 

$

250

 

Operating (expense)

 

 

(483

)

 

 

(425

)

 

 

(447

)

 

 

(502

)

Corporate general and administrative expense

 

 

(192

)

 

 

(205

)

 

 

(208

)

 

 

(218

)

Other income (expense) net

 

 

202

 

 

 

(54

)

 

 

(40

)

 

 

3

 

Net income (loss) from continuing operations

 

 

(129

)

 

 

(199

)

 

 

(285

)

 

 

(463

)

Net income (loss) from discontinued operations

 

 

89

 

 

 

100

 

 

 

81

 

 

 

27

 

Income (loss) allocable to common shareholders

 

$

(40

)

 

$

(99

)

 

$

(204

)

 

$

(436

)

Income (loss) per common share – basic

 

$

(0.02

)

 

$

(0.05

)

 

$

(0.10

)

 

$

(0.23

)