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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 884 $ 2,340
Oil and natural gas sales receivable 1,357 697
Related party receivable 2
Marketable equity securities 541 536
Refundable deposit, net 50
Other current assets 211 113
Total current assets 3,043 3,688
Oil and natural gas properties under full cost method:    
Unevaluated properties 3,756 3,728
Evaluated properties 89,222 88,764
Less accumulated depreciation, depletion and amortization (84,087) (83,729)
Net oil and natural gas properties 8,891 8,763
Other assets:    
Property and equipment, net 2,194 2,249
Right-of-use asset 203
Other assets 51 78
Total other assets 2,448 2,327
Total assets 14,382 14,778
Current liabilities:    
Accounts payable and accrued liabilities 1,130 670
Insurance premium finance note payable 89
Accrued compensation and benefits 34 63
Current portion of credit facility 937
Other current liabilities 55
Total current liabilities 1,308 1,670
Noncurrent liabilities:    
Asset retirement obligations 938 939
Warrant liability 183 425
Other liabilities 173 25
Total noncurrent liabilities 1,294 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 $3,035 and $2,856 as of June 30, 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 136,740 136,714
Accumulated deficit (127,094) (127,129)
Total shareholders' equity 9,780 9,719
Total liabilities, preferred stock and shareholders' equity $ 14,382 $ 14,778