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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The Company’s quarterly financial information for the two-year period ended December 31, 2017 is as follows:
|  | Year Ended December 31, 2016 |  |  | Year Ended December 31, 2017 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Oil and gas sales |  | $ | 1,066 |  |  | $ | 1,996 |  |  | $ | 1,867 |  |  | $ | 817 |  |  | $ | 1,747 |  |  | $ | 1,992 |  |  | $ | 1,538 |  |  | $ | 1,268 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Impairment of oil and gas properties |  |  | (6,957 | ) |  |  | (2,611 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other (1) |  |  | (2,561 | ) |  |  | (3,061 | ) |  |  | (2,761 | ) |  |  | 276 |  |  |  | (2,485 | ) |  |  | (1,996 | ) |  |  | (1,601 | ) |  |  | (1,451 | )
Operating income (loss) (1) |  | $ | (8,452 | ) |  | $ | (3,676 | ) |  | $ | (894 | ) |  | $ | 1,093 |  |  | $ | (738 | ) |  | $ | (4 | ) |  | $ | (63 | ) |  | $ | (183 | )
Income (loss) from continuing operations (1) |  | $ | (8,275 | ) |  | $ | (4,206 | ) |  | $ | (265 | ) |  | $ | 1,074 |  |  | $ | (740 | ) |  | $ | (336 | ) |  | $ | (382 | ) |  | $ | 98 |
Discontinued operations |  |  | (2,327 | ) |  |  | (10 | ) |  |  | - |  |  |  | (111 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net income (loss) |  | $ | (10,602 | ) |  | $ | (4,216 | ) |  | $ | (265 | ) |  | $ | 963 |  |  | $ | (740 | ) |  | $ | (336 | ) |  | $ | (382 | ) |  | $ | 983 |
Income (loss) per share - basic (1)(2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.76 | ) |  | $ | (0.90 | ) |  | $ | (0.06 | ) |  | $ | 0.23 |  |  | $ | (0.13 | ) |  | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.02 |
Discontinued operations |  |  | (0.49 | ) |  |  | (0.00 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | (2.25 | ) |  | $ | (0.90 | ) |  | $ | (0.06 | ) |  | $ | 0.23 |  |  | $ | (0.13 | ) |  | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.02 |
Income (loss) per share - diluted (1)(2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.76 | ) |  | $ | (0.90 | ) |  | $ | (0.06 | ) |  | $ | 0.23 |  |  | $ | (0.13 | ) |  | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.02 |
Discontinued operations |  |  | (0.49 | ) |  |  | (0.00 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | (2.25 | ) |  | $ | (0.90 | ) |  | $ | (0.06 | ) |  | $ | 0.23 |  |  | $ | (0.13 | ) |  | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.02 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 4,705,500 |  |  |  | 4,705,000 |  |  |  | 4,768,000 |  |  |  | 4,768,013 |  |  |  | 5,834,568 |  |  |  | 5,834,568 |  |  |  | 5,834,568 |  |  |  | 5,899,802 |
Diluted (1) |  |  | 4,705,500 |  |  |  | 4,705,000 |  |  |  | 4,768,000 |  |  |  | 4,768,013 |  |  |  | 5,834,568 |  |  |  | 6,626,344 |  |  |  | 5,834,568 |  |  |  | 5,899,802 |
| (1) | Amounts have been restated from amounts reported in previous reports to retroactively present the impact of Discontinued Operations as discussed further in Note 6.
| (2) | Earnings per share amounts may not sum due to rounding.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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