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v3.21.1

Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Current |  |
Cash and cash equivalents | $ 1,561 | $ 3,055
Accounts receivable | 294 | 557
Inventory | 361 | 415
Prepaid expenses | 108 | 247
Other current assets | 4 | 4
Total current assets | 2,328 | 4,278
Loan fees, net | 2 | 4
Right of use asset - operating leases | 42 | 41
Oil and gas properties, net (full cost accounting method) | 2,897 | 4,385
Other property and equipment, net | 102 | 149
Accounts receivable - noncurrent |  | 65
Total assets | 5,371 | 8,922
Current liabilities |  |
Accounts payable - trade | 218 | 269
Accrued liabilities | 202 | 164
Lease liabilities - operating leases - current | 42 | 41
Lease liabilities - finance leases - current | 61 | 61
Asset retirement obligation - current | 78 | 75
Total current liabilities | 601 | 610
Lease liabilities - finance leases - noncurrent | 16 | 41
Asset retirement obligation - non current | 2,039 | 1,923
Total liabilities | 2,656 | 2,574
Commitments and contingencies (Note 8) |  |
Preferred stock, 25,000,000 shares authorized: |  |
Series A Preferred stock, $0.0001 par value, 10,000 shares designated; 0 shares issued and outstanding |  |
Common stock, $0.001 par value, authorized 100,000,000 shares, 890,420 and 888,231 shares issued and outstanding | 1 | 1
Additional paid in capital | 58,318 | 58,303
Accumulated deficit | (55,604) | (51,956)
Total stockholders' equity | 2,715 | 6,348
Total liabilities and stockholders' equity | $ 5,371 | $ 8,922

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