XML 25 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 4,485,000 $ 5,570,000
Loan receivable 780,000  
Prepaid and other current assets 766,000 $ 863,000
Total Current Assets 6,031,000 6,433,000
Property, plant and equipment, at cost:    
Property, plant and equipment 98,415,000 98,454,000
Less accumulated depreciation, depletion and impairment (65,841,000) (65,724,000)
Net property, plant and equipment 32,574,000 32,730,000
Restricted cash 3,941,000 3,941,000
Total Assets 42,546,000 43,104,000
Current Liabilities:    
Accounts payable 799,000 796,000
Accrued liabilities 1,863,000 1,680,000
Current portion of asset retirement obligations 144,000 196,000
Total Current Liabilities 2,806,000 2,672,000
Asset retirement obligations, net of current portion 4,189,000 4,000,000
Convertible loan, net of discount - related party 5,244,000 4,345,000
Other long-term liabilities and deferred credits 950,000 950,000
Total Liabilities $ 13,189,000 $ 11,967,000
Commitments and Contingencies    
Stockholders' Equity:    
Common stock, 200,000,000 shares authorized, $.001 par value; Issued shares - 29,940,431 and 25,288,113, respectively Outstanding shares - 29,844,113 and 25,192,669, respectively $ 30,000 $ 25,000
Paid-in capital 240,052,000 233,524,000
Accumulated deficit (210,467,000) (202,154,000)
Less: Treasury stock (95,444 and 95,444 shares, respectively), at cost (258,000) (258,000)
Total Stockholders' Equity 29,357,000 31,137,000
Total Liabilities and Stockholders' Equity $ 42,546,000 $ 43,104,000