XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 777 $ 1,532
Oil and natural gas sales receivable 65 716
Marketable equity securities 186 307
Prepaid and other current assets 386 138
Real estate assets held for sale 725
Total current assets 2,139 2,693
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,693 3,741
Evaluated properties 91,753 89,113
Less accumulated depreciation, depletion, amortization and impairment (86,389) (84,400)
Net oil and natural gas properties 7,057 8,454
Other assets:    
Property and equipment, net 275 2,115
Right-of-use asset 154 179
Other assets 65 26
Total other assets 494 2,320
Total assets 9,690 13,467
Current liabilities:    
Accounts payable and accrued liabilities 520 974
Accrued compensation and benefits 107 191
Insurance premium note payable 108
Current lease obligation 61 58
Total current liabilities 796 1,223
Noncurrent liabilities:    
Asset retirement obligations 985 819
Warrant liability 193 73
Long-term lease obligation, net of current portion 112 142
Other long-term liabilities 6
Total noncurrent liabilities 1,296 1,034
Total liabilities 2,092 2,257
Commitments and contingencies (Note 9)  
Preferred stock: Authorized 100,000 shares, 50,000 shares of Series A Convertible (par value $0.01) issued and outstanding; liquidation preference of $3,431 and $3,228 as of June 30, 2020 and December 31, 2019, respectively 2,000 2,000
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized; 1,399,754 and 1,340,583 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 14 13
Additional paid-in capital 137,220 136,876
Accumulated deficit (131,636) (127,679)
Total shareholders' equity 5,598 9,210
Total liabilities, preferred stock and shareholders' equity $ 9,690 $ 13,467