Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 131	$ 769
Securities available-for-sale	601	4,230
Accounts receivable	12	46
Inventories	323	354
Prepaid and other assets	2,123	2,022
Current assets held for sale	24,248	1,161
Total current assets	27,438	8,582
PROPERTY AND EQUIPMENT, NET (SUCCESSFUL EFFORTS METHOD):
Unproved oil and gas properties	219	240
Wells in progress	1,029	1,100
Land, buildings, and equipment (net of accumulated depreciation of $505 and $462 as of March 31, 2016, and June 30, 2015, respectively)	98	140
Property and equipment held for sale	0	35,593
Net property and equipment	1,346	37,073
OTHER NON-CURRENT ASSETS:
Goodwill, net	500	500
Other long-term assets	169	169
Other classes of assets that are not major	0	376
Total other non-current assets	669	1,045
Total assets	29,453	46,700
CURRENT LIABILITIES:
Accounts payable	1,508	784
Accrued and other liabilities	2,725	2,119
Notes payable	273	0
Current liabilities held for sale	9,976	1,751
Total current liabilities	14,482	4,654
LONG-TERM LIABILITIES:
Long term liabilities held for sale	0	8,251
Total long-term liabilities	$ 0	$ 8,251
COMMITMENTS AND CONTINGENCIES
PREFERRED STOCK
Total preferred stock	$ 23,501	$ 25,850
(DEFICIT) EQUITY:
Common stock (par value $0.01 per share): Authorized 300,000,000 shares, issued 6,972,023 and 6,917,027 as of March 31, 2016, and June 30, 2015, respectively	70	69
Treasury stock (at cost): 1,209,389 and 1,209,389 shares as of March 31, 2016, and June 30, 2015, respectively	(9,806)	(9,806)
Capital in excess of par value	93,886	93,386
Accumulated deficit	(97,598)	(81,006)
Accumulated other comprehensive income	4,918	5,302
Total (deficit) equity	(8,530)	7,945
Total liabilities, preferred stock and (deficit) equity	29,453	46,700
Series A Convertible Preferred Stock
PREFERRED STOCK
Total preferred stock	$ 23,501	$ 25,850

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.