Note 4 - Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

Assets and Liabilities of Discontinued Operations (in thousands)	As of December 31, 2021
	Crude Oil Trucking Services		Crude Oil Pipeline Services		Crude Oil Terminalling Services		Total
ASSETS
Other assets	$	-	$	1	$	1	$	2
Total assets of discontinued operations	$	-	$	1	$	1	$	2
LIABILITIES
Current liabilities	$	12	$	218	$	10	$	240
Total liabilities of discontinued operations	$	12	$	218	$	10	$	240

Statement of Operations for Discontinued Operations (in thousands)		Three Months Ended June 30, 2021
	Crude Oil Trucking Services			Crude Oil Pipeline Services			Crude Oil Terminalling Services			Total
Revenue:
Third-party service revenue	$	-		$	122		$	798		$	920
Costs and expenses:
Operating expense		93			116			596			805
General and administrative expense		2			6			-			8
(Gain) loss on disposal of assets		-			50			(119	)		(69	)
Interest expense		-			-			1			1
Income (loss) before income taxes		(95	)		(50	)		320			175
Provision for income taxes		-			-			-			-
Net income (loss) from discontinued operations	$	(95	)	$	(50	)	$	320		$	175

Statement of Operations for Discontinued Operations (in thousands)	Six Months Ended June 30, 2021
	Crude Oil Trucking Services			Crude Oil Pipeline Services			Crude Oil Terminalling Services			Total
Revenue:
Third-party service revenue	$	9		$	535		$	4,441		$	4,985
Intercompany service revenue		409			-			-			409
Third-party product sales revenue		-			15,591			-			15,591
Costs and expenses:
Operating expense		1,426			1,554			1,507			4,487
Intercompany operating expense		-			409			-			409
Cost of product sales		-			4,994			-			4,994
Cost of product sales from related party		-			9,461			-			9,461
General and administrative expense		61			123			-			184
Tangible asset impairment expense		92			41			23			156
Gain on disposal of assets		(3	)		(1,644	)		(73,491	)		(75,138	)
Interest expense		-			72			635			707
Income (loss) before income taxes		(1,158	)		1,116			75,767			75,725
Provision for income taxes		-			-			-			-
Net income (loss) from discontinued operations	$	(1,158	)	$	1,116		$	75,767		$	75,725

Select cash flow information (in thousands)
	Crude Oil Trucking Services		Crude Oil Pipeline Services		Crude Oil Terminalling Services		Total
	Six Months Ended June 30, 2021
Amortization	$	3	$	14	$	31	$	48
Capital expenditures	$	-	$	30	$	106	$	136