XML 26 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Oil $ 5,054 $ 4,689 $ 9,047
Natural gas and liquids 1,491 1,057 1,249
Total revenue 6,545 5,746 10,296
Oil and gas operations:      
Production costs 3,402 2,728 7,352
Depreciation, depletion and amortization 753 2,529 8,412
Impairment of oil and gas properties 9,568 57,676
General and administrative:      
Compensation and benefits, including directors and contract employees 741 640 2,602
Stock-based compensation 323 213 948
Employee severance costs 3 504
Professional fees, insurance and other 2,314 1,994 1,866
Total operating expenses 7,533 17,675 79,360
Operating Loss (988) (11,929) (69,064)
Other income (expense):      
Realized gain (loss) on commodity price risk derivatives 135 1,440 (75)
Unrealized gain (loss) on commodity price risk derivatives (161) (1,634) 1,634
Gain on sale of assets 3 102 121
Gain on sale of oil and gas properties 4,318
Loss on debt for equity conversion (4,440)
Gain (loss) on investments 777 750 (68)
Rental and other income (loss) (321) (169) 431
Warrant revaluation gain (loss) (170) 210
Interest expense (513) (442) (263)
Total other income (expense) (372) 257 1,780
Loss from continuing operations (1,360) (11,672) (67,284)
Discontinued operations:      
Discontinued operations (2,448) (2,992)
Impairment loss on discontinued operations (22,620)
Loss from discontinued operations (2,448) (25,612)
Net loss (1,360) (14,120) (92,896)
Change in fair value of marketable equity securities, net of tax (848) (55) 56
Comprehensive loss (2,208) (14,175) (92,840)
Loss from continuing operations (1,360) (11,672) (67,284)
Accrued dividends related to Series A Convertible Preferred Stock (514) (232)
Loss from continuing operations applicable to common shareholders $ (1,874) $ (11,904) $ (67,284)
Loss per share- basic and diluted      
Continuing operations $ (0.23) $ (2.5) $ (14.38)
Discontinued operations (0.51) (5.48)
Total $ (0.23) $ (3.01) $ (19.86)
Weighted average shares outstanding      
Basic and diluted 5,899,802 4,768,013 4,677,500