XML 19 R4.htm IDEA: XBRL DOCUMENT 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.