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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 42 $ 361
Accounts receivable from oil and gas sales 69 72
Current portion notes receivable (including $4,120 and 4,017 due to related parties in 2019 and 2018) 4,162 4,063
Other current assets 11
Total current assets 4,284 4,496
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 799 2,517
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 671 618
Other assets 222 251
Total assets 5,976 7,882
Current liabilities    
Accounts payable (includes $117 and $37 due to related parties in 2019 and 2018) 519 59
Accrued expenses 29 32
Current portion of long term debt 51 59
Total current liabilities 599 150
Long-term debt    
Notes payable less current portion 181 201
Asset retirement obligation 2,770 2,770
Total liabilities 3,550 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 shares at September 30, 2019 and December 31, 2018 51 51
Additional paid-in capital 63,579 63,579
Accumulated deficit (61,205) (58,870)
Total Shareholder Equity 2,426 4,761
Total liabilities & equity $ 5,976 $ 7,882