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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Total revenue $ 1,573 $ 1,992 $ 3,128 $ 3,739
Oil and gas operations:        
Lease operating expenses 462 536 886 1,236
Production taxes 200 267 409 620
Depreciation, depletion, amortization and accretion 140 202 285 473
General and administrative:        
Compensation and benefits, including director and contract employees 542 178 1,325 354
Stock-based compensation 596 106 610 212
Professional services 335 571 569 1,350
Insurance, rent and other 141 136 227 237
Total operating expenses 2,416 1,996 4,311 4,482
Operating loss (843) (4) (1,183) (743)
Other income (expense):        
(Loss) gain on commodity derivative contracts (86) 411 (211) 411
Change in fair value of marketable securities (123) (123)
Gain on sale of assets 1 1
Rental and other expense, net (20) (131) (36) (347)
Warrant fair value adjustment (80) 180 190 520
Interest expense (24) (121) (59) (246)
Other income 1 5
Total other (expense) income (332) 340 (234) 339
(Loss) income from continuing operations (1,175) 336 (1,417) (404)
Net (loss) income (1,175) 336 (1,417) (404)
Change in fair value of marketable equity securities (238) (324)
Comprehensive (loss) profit (1,175) 98 (1,417) (728)
(Loss) profit applicable to common shareholders:        
(Loss) profit (1,175) 98 (1,417) (728)
Accrued dividends related to Series A Convertible Preferred Stock (81) (71) (158) (140)
(Loss) profit applicable to common shareholders $ (1,256) $ 27 $ (1,575) $ (868)
(Loss) profit per share - Basic and diluted:        
Calculated on (loss) gain attributable to common shareholders $ (0.10) $ 0.00 $ (0.12) $ (0.15)
Total $ (0.10) $ 0.00 $ (0.12) $ (0.15)
Weighted average shares outstanding:        
Basic 12,744,565 5,834,568 12,448,193 5,834,568
Diluted: 12,744,565 6,626,344 12,488,193 5,834,568
Oil [Member]        
Revenue:        
Total revenue $ 1,292 $ 1,591 $ 2,522 $ 2,830
Natural Gas And Liquids [Member]        
Revenue:        
Total revenue $ 281 $ 401 $ 606 $ 909