XML 90 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (550) $ (1,040)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion, accretion, and amortization 828 526
Debt issuance cost amortization 7 12
Change in fair value of commodity derivative (161)
Change in fair value of warrants (352) (775)
Bad debt write-off 28 374
Stock-based compensation and services 41 636
Loss on marketable equity securities 229 339
Right of use asset amortization 48
Other 3
Decrease (increase) in:    
Oil and natural gas sales receivable (49) (10)
Other current assets 231 (108)
Increase (decrease) in:    
Accounts payable accrued liabilities 100 (283)
Accrued compensation and benefits 129 (3)
Payments on operating lease liability (52)
Net cash provided by (used in) operating activities 638 (490)
Cash flows from investing activities:    
Oil and natural gas capital expenditures (376) (1,301)
Settlement of asset retirement obligations (18)
Proceeds from sale of oil and natural gas properties 75
Purchase of property and equipment (11)
Payment received on notes receivable 20 20
Net cash used in investing activities: (281) (1,310)
Cash flows from financing activities:    
Issuance of common stock, net of fees 1,666
Shares repurchased for employee tax withholding (203)
Payments on insurance premium finance note (228)
Payments on credit facility (937) (600)
Net cash (used in) provided by financing activities (1,165) 863
Net decrease in cash and equivalents (808) (937)
Cash and equivalents, beginning of year 2,340 3,277
Cash and equivalents, end of year 1,532 2,340
Supplemental disclosures of cash flow information and non-cash activities:    
Cash payments for interest 11 119
Investing activities:    
Change in capital expenditure accruals 176 196
Exchange of undeveloped acreage for oil and gas properties 379
Asset retirement obligations assumed by purchaser 130
Adoption of lease standard 252
Asset retirement obligations 14 19
Reclassification of assets classified as held-for-sale at December 31, 2017 to other assets 653
Financing activities:    
Financing of insurance premiums with note payable $ 228