XML 11 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 433 $ 113
Accounts receivable from oil and gas sales 143 119
Other current assets 87 206
Total current assets 663 438
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 5,489 5,608
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 689 706
Other 0 25
Total property and equipment 689 731
Other assets (including $124 due from related parties in 2015) 298 401
Total assets 7,139 7,178
Current liabilities    
Accounts payable (includes $540 and $160 due to related parties in 2017 & 2016) 555 238
Accrued expenses 26 59
Current portion of long term debt 87 96
Total current liabilities 668 393
Long-term debt    
Notes payable less current portion 276 296
Asset retirement obligation 2,770 2,770
Total liabilities 3,714 3,459
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, 2017 and December 31, 2016 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (55,434) (55,140)
Total shareholders' equity 3,425 3,719
Total liabilities & equity $ 7,139 $ 7,178