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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 397 $ 419
Accounts receivable from oil and gas sales 58 67
Current portion note receivable 47 36
Total current assets 502 522
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,669 2,721
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 647 661
Note receivable 278 301
Total assets 4,096 4,205
Current liabilities    
Accounts payable - trade (including $433 and $412due to related parties in 2018 and 2017) 464 446
Accrued expenses 58 29
Current portion of long term debt 68 81
Total current liabilities 590 556
Long-term debt    
Notes payable less current portion 234 243
Asset retirement obligation 2,770 2,770
Total liabilities 3,594 3,569
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 2,036,935 shares at March 31, 2018 and December 31, 2017 21 21
Additional paid-in capital 59,000 59,000
Accumulated deficit (58,520) (58,386)
Total Stockholder's equity 502 636
Total liabilities & stockholders' equity $ 4,096 $ 4,205