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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 427 $ 113
Accounts receivable from oil and gas sales 129 119
Other current assets 61 206
Total current assets 617 438
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 5,428 5,608
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 675 706
Other 0 25
Total property and equipment 675 731
Other assets 308 401
Total assets 7,028 7,178
Current liabilities    
Accounts payable - trade (including $513 and $160 at 2017 and 2016 due to related parties) 525 238
Accrued expenses 67 59
Current portion of long term debt 85 96
Total current liabilities 677 393
Long-term debt    
Notes payable less current portion 259 296
Asset retirement obligation 2,770 2,770
Total liabilities 3,706 3,459
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,934 shares at September 30, 2017 and December 31, 2016 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (55,537) (55,140)
Total shareholders' equity 3,322 3,719
Total liabilities & equity $ 7,028 $ 7,178