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K. QUARTERLY DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2019
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, 2019, 2017 and 2016.  Amounts shown are in thousands except per share amounts.

 

   First  Second  Third  Fourth
Year ended December 31, 2019  Quarter  Quarter  Quarter  Quarter
             
Revenue  $180   $164   $127   $119 
Operating (expense)   (179)   (231)   (176)   (100)
Corporate general and administrative expense   (88)   (134)   (92)   (98)
Impairment of natural gas and oil properties   —      —      (2,285)   —   
Other income (expense) net   213    60    106    62 
Income (loss) allocable to common shareholders   126    (141)   (2,320)   (17)
Income (loss) per common share – basic  $0.02   $(0.03)  $(0.45)  $0.00 
                     
    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)