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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 272 $ 419
Accounts receivable from oil and gas sales 46 67
Other current assets 56 36
Total current assets 374 522
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,559 2,721
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 628 661
Other assets 257 301
Total assets 3,818 4,205
Current liabilities    
Accounts payable (includes $331 and $412 due to related parties in 2018 & 2017) 366 446
Accrued expenses 31 29
Current portion of long term debt 51 81
Total current liabilities 448 556
Long-term debt    
Notes payable less current portion 222 243
Asset retirement obligation 2,770 2,770
Total liabilities 3,440 3,569
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 2,131,935 and 2,036,935 shares at September 30, 2018 and December 31, 2017 22 21
Additional paid-in capital 59,170 59,000
Accumulated deficit (58,815) (58,386)
Total Shareholder Equity 378 636
Total liabilities & equity $ 3,818 $ 4,205