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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 1,256 $ 2,340
Oil and natural gas sales receivable 881 697
Related party receivable 2 2
Marketable equity securities 548 536
Refundable deposit, net 50
Other current assets 301 113
Total current assets 3,038 3,688
Oil and natural gas properties under full cost method:    
Unevaluated properties 3,755 3,728
Evaluated properties 89,205 88,764
Less accumulated depreciation, depletion and amortization (83,891) (83,729)
Net oil and natural gas properties 9,069 8,763
Other assets:    
Property and equipment, net 2,216 2,249
Right-of-use asset 215
Other assets 51 78
Total other assets 2,482 2,327
Total assets 14,589 14,778
Current liabilities:    
Accounts payable and accrued liabilities 1,028 670
Insurance premium finance note payable 160
Accrued compensation and benefits 66 63
Current portion of credit facility 937
Other current liabilities 53
Total current liabilities 1,307 1,670
Noncurrent liabilities:    
Asset retirement obligations 930 939
Warrant liability 417 425
Other liabilities 188 25
Total noncurrent liabilities 1,535 1,389
Commitments and contingencies (Note 8)  
Preferred stock: Authorized 100,000 shares, 50,000 shares of Series A Convertible (par value $0.01) issued and outstanding; liquidation preference of $2,943 and $2,856 as of March 31, 2019 and December 31, 2018, respectively 2,000 2,000
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized; 13,405,838 shares issued and outstanding 134 134
Additional paid-in capital 136,727 136,714
Accumulated deficit (127,114) (127,129)
Total shareholders' equity 9,746 9,719
Total liabilities, preferred stock and shareholders' equity $ 14,589 $ 14,778