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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 460 $ 361
Accounts receivable from oil and gas sales 93 72
Current portion note receivable (including $4,076 and $4,017 in 2019 and 2018 from related parties) 4,115 4,063
Other current assets 34
Total current assets 4,702 4,496
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 2,503 2,517
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 610 618
Note Receivable 244 251
Total assets 8,059 7,882
Current liabilities    
Accounts payable - (including $97 and $37 due to related parties in 2019 and 2018) 123 59
Accrued expenses 33 32
Current portion of long term debt 59 59
Total current liabilities 215 150
Long-term debt    
Notes payable less current portion 187 201
Asset retirement obligation 2,770 2,770
Total liabilities 3,172 3,121
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 and 2,036,935 shares at March 31, 2019 and December 31, 2018 51 51
Additional paid-in capital 63,579 63,579
Accumulated deficit (58,744) (58,870)
Total shareholders' equity 4,887 4,761
Total liabilities & equity $ 8,059 $ 7,882