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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 1,532 $ 2,340
Oil and natural gas sales receivable 716 697
Related party receivable 2
Marketable equity securities 307 536
Prepaid and other current assets 138 113
Total current assets 2,693 3,688
Oil and natural gas properties under full cost method:    
Unevaluated properties 3,741 3,728
Evaluated properties 89,113 88,764
Less accumulated depreciation, depletion and amortization (84,400) (83,729)
Net oil and natural gas properties 8,454 8,763
Other assets:    
Property and equipment, net 2,115 2,249
Right of use asset 179
Other assets 26 78
Total other assets 2,320 2,327
Total assets 13,467 14,778
Current liabilities:    
Accounts payable and accrued liabilities 974 670
Current lease obligation 58
Accrued compensation and benefits 191 63
Current portion of credit facility 937
Total current liabilities 1,223 1,670
Noncurrent liabilities:    
Asset retirement obligations 819 939
Warrant liability 73 425
Long-term lease obligation, net of current portion 142
Other noncurrent liabilities 25
Total noncurrent liabilities 1,034 1,389
Total liabilities 2,257 3,059
Commitments and contingencies (Note 11)  
Preferred stock: Authorized 100,000 shares, 50,000 shares of Series A Convertible (par value $0.01) issued and outstanding; liquidation preference of $3,228 and $2,856 as of December 31, 2019 and 2018, respectively 2,000 2,000
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized; 1,340,583 shares issued and outstanding 13 13
Additional paid-in capital 136,876 136,835
Accumulated deficit (127,679) (127,129)
Total shareholders' equity 9,210 9,719
Total liabilities, preferred stock and shareholders' equity $ 13,467 $ 14,778