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v3.19.3

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018 | [1]
Revenue: |  |  |
Total revenue | $ 1,561 | $ 1,555 |
Oil and natural gas operations: |  |  |
Lease operating expense | 467 | 521 |
Production taxes | 98 | 112 |
Depreciation, depletion, accretion and amortization | 168 | 145 |
General and administrative: |  |  |
Compensation and benefits, including directors fees | 279 | 783 |
Stock-based compensation | 13 | 13 | [2]
Professional fees, insurance and other | 556 | 320 |
Total operating expenses | 1,581 | 1,894 |
Operating income (loss) | (20) | (339) |
Other non-operating income (expense): |  |  |
Realized loss on commodity price risk derivatives |  | (179) |
Unrealized gain on commodity price risk derivatives |  | 54 |
Gain (loss) on marketable equity securities | 12 | (78) | [2]
Warrant revaluation gain | 8 | 270 |
Rental property loss | (14) | (16) |
Recovery of deposit written-off | 50 |  |
Interest expense, net | (21) | (34) |
Total other income (expense) | 35 | 17 |
Net income (loss) | 15 | (322) | [2]
Accrued preferred stock dividends | (87) | (77) |
Net loss applicable to common shareholders | $ (72) | $ (399) |
Basic and diluted weighted average shares outstanding | 13,405,838 | 12,148,527 |
Basic and diluted net loss per share | $ (0.01) | $ (0.03) |
Oil [Member] |  |  |
Revenue: |  |  |
Total revenue | $ 1,415 | $ 1,230 |
Natural Gas and Liquids [Member] |  |  |
Revenue: |  |  |
Total revenue | $ 146 | $ 325 |
[1] | The condensed consolidated statement of operations for the three months ended March 31, 2018 was restated to include the loss on marketable equity securities in non-operating income rather than other comprehensive income as originally reported.
[2] | The condensed consolidated statement of cash flows for the three months ended March 31, 2018 was restated to include the loss due to the change in the fair value of marketable equity securities of $78 thousand in net loss. The amount was originally included in other comprehensive loss.

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