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K. QUARTERLY DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY DATA (UNAUDITED)

NOTE K - QUARTERLY DATA (UNAUDITED)

 

 

The table below reflects the Company’s selected quarterly information for the years ended December 31, 2018, 2017 and 2016.  Amounts shown are in thousands except per share amounts.

 

 

 

  First   Second   Third   Fourth
Year ended December 31, 2018 Quarter   Quarter   Quarter   Quarter
               
Revenue   $          204    $              173    $              167    $              138
Operating (expense)             (275)                   (239)                   (186)   (144)
Corporate general and administrative expense               (75)                   (108)                     (99)                     (71)
Impairment of natural gas and oil properties                 -                          -                          -                            -
Other income (expense) net                 12                       -                          (3)   22
Income (loss) allocable to common shareholders  $         (134)    $             (174)    $             (121)    $               (55)
Income (loss) per common share – basic ($0.07)   ($0.08)   ($0.06)   $0.00
               
  First   Second   Third   Fourth
Year ended December 31, 2017 Quarter   Quarter   Quarter   Quarter
               
Revenue   $          195    $              243    $              194    $              159
Operating (expense)             (256)                   (256)                   (254)   (261)
Corporate general and administrative expense             (100)                   (122)                     (95)                     (91)
Impairment of natural gas and oil properties                 -                          -                          -                   (2,626)
Other income (expense) net                (11)                      11                      65   (30)
Net income (loss) from continuing operations              (172)                   (124)                     (90)   (2,849)
Net income (loss) from discontinued operations                 13                     (11)                     (11)                       (2)
Income (loss) allocable to common shareholders  $         (159)    $             (135)    $             (101)    $          (2,851)
Income (loss) per common share – basic ($0.08)   ($0.07)   ($0.05)   ($1.39)
               
               
  First   Second   Third   Fourth
Year ended December 31, 2016 Quarter   Quarter   Quarter   Quarter
               
Revenue   $          219    $              170    $              190    $              185
Operating (expense)             (396)                   (233)                   (295)                   (327)
Corporate general and administrative expense             (166)                   (101)                     (52)                     (33)
Gain on prepayment of debt                 -                          -                          -                       888
Gain on sale of land                                50
Other income (expense) net                (10)                       (7)                     (13)                     (80)
Net income (loss) from continuing operations              (353)                   (171)                   (170)                    738
Net income (loss) from discontinued operations                 57                      38                        6                     (97)
Income (loss) allocable to common shareholders  $         (296)    $             (133)    $             (164)                    641
Income (loss) per common share – basic ($0.15)   ($0.07)   ($0.08)   $0.32