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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 419 $ 113
Accounts receivable from oil and gas sales 67 119
Current portion note receivable 36 206
Total current assets 522 438
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,721 5,608
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 661 706
Other 0 25
Total property and equipment 661 706
Note receivable 301 401
Total assets 4,205 7,178
Current liabilities    
Accounts payable - trade (including $412 and $160 in 2017 and 2016 due to related parties) 446 238
Accrued expenses 29 59
Current portion of long term debt 81 96
Total current liabilities 556 393
Long-term debt    
Notes payable less current portion 243 296
Asset retirement obligation 2,770 2,770
Total liabilities 3,569 3,459
Stockholders' equity    
Series B convertible preferred stock, $10 par value, liquidation value of $100 authorized 100 shares, issued and outstanding one share 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 2,036,935 and 1,946,935 shares at December 31, 2017 and 2016 21 20
Additional paid-in capital 59,000 58,838
Accumulated deficit (58,386) (55,140)
Total Stockholder's equity 636 3,719
Total liabilities & stockholders' equity $ 4,205 $ 7,178