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v3.19.3

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | [1] | Jun. 30, 2019 | Jun. 30, 2018
Revenue: |  |  |  |
Total revenue | $ 1,872 | $ 1,573 | $ 3,433 | $ 3,128
Oil and gas operations: |  |  |  |
Lease operating expenses | 471 | 554 | 938 | 1,074
Production taxes | 118 | 108 | 216 | 220
Depreciation, depletion, amortization and accretion | 202 | 140 | 370 | 285
General and administrative: |  |  |  |
Compensation and benefits, including directors | 175 | 542 | 454 | 1,325
Stock-based compensation | 13 | 596 | 26 | 610
Professional fees, insurance and other | 1,064 | 476 | 1,620 | 797
Bad debt expense | 28 |  | 28 |
Total operating expenses | 2,071 | 2,416 | 3,652 | 4,311
Operating loss | (199) | (843) | (219) | (1,183)
Other income (expense): |  |  |  |
Realized loss on commodity derivative contracts |  | (169) |  | (348)
Unrealized gain on commodity derivative contracts |  | 83 |  | 137
Change in fair value of marketable securities | (8) | (45) | 5 | (123)
Warrant revaluation gain (loss) | 234 | (80) | 242 | 190
Rental property loss | (8) | (20) | (23) | (36)
Recovery of deposit written off |  |  | 50 |
Interest, net | 1 | (20) | (20) | (54)
Total other (expense) income | 219 | (251) | 254 | (234)
Net income (loss) | 20 | (1,094) | 35 | (1,417)
Accrued preferred stock dividends | (91) | (81) | (178) | (158)
Net loss applicable to common shareholders | $ (71) | $ (1,175) | $ (143) | $ (1,575)
Basic and diluted weighted shares outstanding | 13,405,838 | 12,744,565 | 13,405,838 | 12,448,193
Basic and diluted loss per share | $ (0.01) | $ (0.09) | $ (0.01) | $ (0.13)
Oil [Member] |  |  |  |
Revenue: |  |  |  |
Total revenue | $ 1,760 | $ 1,292 | $ 3,175 | $ 2,522
Natural Gas and Liquids [Member] |  |  |  |
Revenue: |  |  |  |
Total revenue | $ 112 | $ 281 | $ 258 | $ 606
[1] | The condensed consolidated statement of operations for the three months ended June 30, 2018 was restated to exclude the loss on marketable equity securities of $78 thousand related to the three months ended March 31, 2018.

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