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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 22 $ 361
Accounts receivable from oil and gas sales 73 72
Current portion note receivable (including $4,005 and $4,017 in 2019 and 2018 from related parties) 4,046 4,063
Total current assets 4,141 4,496
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 767 2,517
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 668 618
Note Receivable 214 251
Total assets 5,790 7,882
Current liabilities    
Accounts payable - trade (including $180 and $37 in 2019 and 2018 due to related parties) 355 59
Accrued expenses 35 32
Current portion of long term debt 44 59
Total current liabilities 434 150
Long-term debt    
Notes payable less current portion 177 201
Asset retirement obligation 2,770 2,770
Total liabilities 3,381 3,121
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 shares at December 31, 2019 and 2018 51 51
Additional paid-in capital 63,579 63,579
Accumulated deficit (61,222) (58,870)
Total Stockholders' equity 2,409 4,761
Total liabilities & stockholders' equity $ 5,790 $ 7,882