NOTES PAYABLE

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

NOTES PAYABLE

NOTE G – NOTES PAYABLE

Notes payable is comprised of the following (in thousands):

	2021		2020
Bank Debt	$	—	$	192
Less current portion of long term debt		—		(52	)
		—		140
Less deferred borrowing costs, net of amortization		—		(18	)
	$	—	$	122

Bank debt represent loans from a bank to finance drilling and equipment at the Company’s oil and gas operation. The interest

rate ranged from 5% to 5 ½ %. The loans were paid off in 2021.