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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net (loss) income $ (3,651) $ 20 $ (3,957) $ 35  
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Depreciation, depletion, accretion, and amortization     271 426  
Impairment of oil and gas properties 1,794 1,794  
Impairment of real estate 403 403  
Loss on real estate held for sale 651 651  
Loss (gain) on marketable equity securities 46 8 121 (5)  
Loss (gain) on warrant revaluation 114 (234) 120 (242)  
Stock-based compensation     106 26  
Right of use asset amortization     26 23  
Debt issuance cost amortization     7  
Decrease (increase) in:          
Oil and natural gas sales receivable     666 (660)  
Other assets     (51) 80  
Increase (decrease) in:          
Accounts payable and accrued liabilities     (508) 185  
Accrued compensation and benefits     (84) (29)  
Payments on operating lease liability     (28) (25)  
Net cash used in operating activities     (470) (179)  
Cash flows from investing activities:          
Acquisition of New Horizon Resources, net of cash acquired     (122)  
Oil and natural gas capital expenditures     (32) (221)  
Payment received on note receivable     20 20  
Net cash used in investing activities:     (134) (201)  
Cash flows from financing activities:          
Payment on credit facility     (61) (937)  
Payment for fractional shares in reverse stock split     (1)  
Payments on insurance premium finance note payable     (90) (139)  
Net cash (used in) provided by financing activities     (152) (1,076)  
Net decrease in cash and equivalents     (755) (1,456)  
Cash and equivalents, beginning of period     1,532 2,340 $ 2,340
Cash and equivalents, end of period $ 777 $ 884 777 884 $ 1,532
Supplemental disclosures of cash flow information and non-cash activities:          
Cash payments for interest     2 24  
Investing activities:          
Issuance of stock in acquisition of New Horizon Resources     240  
Change in capital expenditure accruals     (9) 101  
Exchange of undeveloped lease acreage for oil and gas properties     379  
Adoption of lease standard     228  
Asset retirement obligations     (151) (14)  
Financing activities:          
New Horizon credit facility assumed     61  
Financing of insurance premiums with note payable     $ 199 $ 228