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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 361 $ 419
Accounts receivable from oil and gas sales 72 67
Current portion note receivable (including $4,017 in 2018 from related parties) 4,063 36
Total current assets 4,496 522
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,517 2,721
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 618 661
Total property and equipment 618 661
Note receivable 251 301
Total assets 7,882 4,205
Current liabilities    
Accounts payable - trade (including $37 and $412 in 2018 and 2017 due to related parties) 59 446
Accrued expenses 32 29
Current portion of long term debt 59 81
Total current liabilities 150 556
Long-term debt    
Notes payable less current portion 201 243
Asset retirement obligation 2,770 2,770
Total liabilities 3,121 3,569
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, 5,131,934 and 2,036,935 shares at December 31, 2018 and 2017 51 21
Additional paid-in capital 63,579 59,000
Accumulated deficit (58,870) (58,386)
Total Stockholder's equity 4,761 4,609
Total liabilities & stockholders' equity $ 7,882 $ 4,205