XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 4,619 $ 18,515
Accounts receivable - oil and gas 5,323 5,790
Note receivable, current 240 42
Prepaid expenses and other current assets 803 260
Total current assets 10,985 24,607
Oil and gas properties - successful efforts method:    
Oil and gas properties, subject to amortization, net 92,184 79,186
Oil and gas properties, not subject to amortization, net 6,903 12,407
Total oil and gas properties, net 99,087 91,593
Other assets:    
Note receivable 979 1,099
Operating lease - right-of-use asset 248 316
Other assets 3,010 2,443
Total assets 114,309 120,058
Current liabilities:    
Accounts payable 1,288 6,580
Accrued expenses 2,160 8,712
Revenue payable 1,263 3,371
Operating lease liabilities - current 96 89
Asset retirement obligations - current 419 147
Total current liabilities 5,226 18,899
Long-term liabilities:    
Operating lease liabilities, net of current portion 154 227
Asset retirement obligations, net of current portion 2,393 2,166
Total liabilities 7,773 21,292
Shareholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized; 89,495,267 and 87,250,267 shares issued and outstanding, respectively 89 87
Additional paid-in capital 226,555 225,156
Accumulated deficit (120,108) (126,477)
Total shareholders' equity 106,536 98,766
Total liabilities and shareholders' equity $ 114,309 $ 120,058