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Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Oil and gas operations, net of royalties $ 590 $ 682 $ 791
Total Revenues 590 682 791
Operating expenses      
Oil & gas operations 686 844 1,027
Corporate general and administrative 412 353 408
Impairment of natural gas and oil properties 2,285 2,626
Total Operating Expenses 3,383 1,197 4,061
Operating earnings (loss) (2,793) (515) (3,270)
Other income (expense)      
Interest income (including $240 and $17 for the year ended 2019 and 2018 from related parties) 257 37 25
Interest expense (15) (18) (24)
Other income (expense), net 199 12 28
Total Other income (expense) 441 31 29
Earnings (loss) from continuing operations (2,551) (484) (3,241)
Earnings from discontinued operations (5)
Net income (loss) applicable to common shares $ (2,352) $ (484) $ (3,246)
Net income (loss) per common share-basic and diluted $ (0.46) $ (0.21) $ (1.59)
Weighted average common and equivalent shares outstanding - basic 5,132 2,358 1,947