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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Total revenue $ 1,222 $ 1,538 $ 4,350 $ 5,276
Oil and gas operations:        
Lease operating expenses 357 743 1,431 2,316
Production taxes 96 113 316 396
Depreciation, depletion, amortization and accretion 81 146 365 618
General and administrative:        
Compensation and benefits, including director and contract employees 222 190 1,548 544
Stock-based compensation 13 77 623 289
Professional services 286 268 855 1,618
Insurance, rent and other 100 64 328 301
Total operating expenses 1,155 1,601 5,466 6,082
Operating income (loss) 67 (63) (1,116) (806)
Other income (expense):        
(Loss) gain on commodity derivative contracts (14) (166) (225) 246
Change in fair value of marketable securities 203 80
Gain on sale of assets 1
Rental and other (expense) income, net (53) 53 (84) (296)
Warrant fair value adjustment 288 (70) 478 450
Interest expense (24) (136) (83) (382)
Total other income (expense) 400 (319) 166 19
Net income (loss) 467 (382) (950) (787)
Change in fair value of marketable equity securities (158) (482)
Comprehensive income (loss) 467 (540) (950) (1,269)
Income (loss) applicable to common shareholders:        
Income (loss) 467 (382) (950) (787)
Accrued dividends related to Series A Convertible Preferred Stock (84) (74) (242) (219)
Income (loss) applicable to common shareholders $ 383 $ (456) $ (1,192) $ (1,006)
Earnings (loss) per share:        
Basic $ 0.03 $ (0.08) $ (0.09) $ (0.17)
Diluted $ 0.03 $ (0.08) $ (0.09) $ (0.17)
Weighted average shares outstanding:        
Basic 13,234,709 5,834,568 12,697,206 5,834,568
Diluted 13,255,109 5,834,568 12,697,206 5,834,568
Oil [Member]        
Revenue:        
Total revenue $ 1,120 $ 1,311 $ 3,642 $ 4,141
Natural Gas and Liquids [Member]        
Revenue:        
Total revenue $ 102 $ 227 $ 708 $ 1,135