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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 2,854 $ 1,532
Oil and natural gas sales receivable 514 716
Marketable equity securities 181 307
Prepaid and other current assets 184 138
Real estate assets held for sale, net of selling costs 975
Total current assets 4,708 2,693
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,597 3,741
Evaluated properties 93,549 89,113
Less accumulated depreciation, depletion, amortization and impairment (87,708) (84,400)
Net oil and natural gas properties 7,438 8,454
Other assets:    
Property and equipment, net 25 2,115
Right of use asset 127 179
Other assets 65 26
Total other assets 217 2,320
Total assets 12,363 13,467
Current liabilities:    
Accounts payable and accrued liabilities 1,457 974
Accrued compensation and benefits 312 191
Related party secured note payable 375
Current lease obligation 65 58
Total current liabilities 2,209 1,223
Noncurrent liabilities:    
Asset retirement obligations 1,408 819
Warrant liability 95 73
Long-term lease obligation, net of current portion 78 142
Other noncurrent liabilities 6
Total noncurrent liabilities 1,587 1,034
Total liabilities 3,796 2,257
Commitments and contingencies (Note 9)  
Preferred stock: Authorized 100,000 shares, 0 and 50,000 shares of Series A Convertible (par value $0.01) issued and outstanding as of December 31, 2020 and 2019, respectively; liquidation preference of $0 and $3,228 as of December 31, 2020 and 2019, respectively 2,000
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized; 3,317,893 and 1,340,583 shares issued and outstanding as of December 31, 2020 and 2019, respectively 33 13
Additional paid-in capital 142,652 136,876
Accumulated deficit (134,118) (127,679)
Total shareholders' equity 8,567 9,210
Total liabilities, preferred stock and shareholders' equity $ 12,363 $ 13,467