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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Oil $ 1,311 $ 1,496 $ 4,141 $ 4,037
Natural gas and liquids 227 371 1,135 892
Total revenue 1,538 1,867 5,276 4,929
Oil and gas operations:        
Production costs 856 1,348 2,712 3,812
Depreciation, depletion and amortization 146 669 618 2,315
Impairment of oil and gas properties 9,568
General and administrative:        
Compensation and benefits, including director and contract employees 190 158 544 469
Stock-based compensation 77 30 289 98
Professional services 268 457 1,618 1,225
Insurance, rent and other 64 99 301 282
Total operating expenses 1,601 2,761 6,082 17,769
Operating loss (63) (894) (806) (12,840)
Other income (expense):        
Realized gain on oil price risk derivatives 116 139 217 1,401
Unrealized gain (loss) on oil price risk derivatives (282) (97) 29 (1,557)
Gain on sale of assets 1 100
Gain on receipt of marketable equity securities 750 750
Rental and other income (loss) 53 (46) (296) (125)
Warrant fair value adjustment (70) 450
Interest expense (136) (117) (382) (364)
Total other income (expense) (319) 629 19 205
Loss from continuing operations (382) (265) (787) (12,635)
Discontinued operations        
Discontinued operations (2,448)
Loss from discontinued operations (2,448)
Net Loss (382) (265) (787) (15,083)
Change in fair value of marketable equity securities (158) (6) (482) 921
Comprehensive Loss (540) (271) (1,269) (14,162)
Loss from continuing operations applicable to common shareholders:        
Loss from continuing operations (382) (265) (787) (12,635)
Accrued dividends related to Series A Convertible Preferred Stock (74) (68) (219) (164)
Loss from continuing operations applicable to common shareholders $ (456) $ (333) $ (1,006) $ (12,799)
Basic        
Continuing operations (in dollars per share) $ (0.07) $ (0.06) $ (0.13) $ (2.67)
Discontinued operations (in dollars per share) (0.52)
Total (in dollars per share) $ (0.07) $ (0.06) $ (0.13) $ (3.19)
Weighted average shares outstanding        
Basic (in shares) 5,834,568 4,768,000 5,834,568 4,726,000
Diluted: (in shares) 5,834,568 4,768,000 5,834,568 4,726,000