XML 78 R4.htm IDEA: XBRL DOCUMENT 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.