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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 278 $ 419
Accounts receivable from oil and gas sales 45 67
Current portion note receivable 47 36
Total current assets 370 522
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,620 2,721
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 636 661
Other assets (including $124 due from related parties in 2015) 268 301
Total assets 3,894 4,205
Current liabilities    
Accounts payable - trade (including $277 and $412 due to related parties in 2018 and 2017) 306 446
Accrued expenses 32 29
Current portion of long term debt 58 81
Total current liabilities 396 556
Long-term debt    
Notes payable less current portion 229 243
Asset retirement obligation 2,770 2,770
Total liabilities 3,395 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 22 21
Additional paid-in capital 59,170 59,000
Accumulated deficit (58,694) (58,386)
Total Stockholder's equity 499 636
Total liabilities & stockholders' equity $ 3,894 $ 4,205