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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (6,439) $ (550)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion, accretion, and amortization 467 828
Impairment of oil and gas properties 2,943
Loss on real estate assets held for sale 1,054
Change in fair value of warrants 23 (352)
Loss on marketable equity securities 81 229
Stock-based compensation 211 41
Right of use asset amortization 53 48
Debt issuance cost amortization 7
Bad debt write-off 28
Decrease (increase) in:    
Oil and natural gas sales receivable 214 (49)
Other current assets 153 231
Increase (decrease) in:    
Accounts payable accrued liabilities 461 100
Accrued compensation and benefits 120 129
Payments on operating lease liability (58) (52)
Net cash (used in) provided by operating activities (717) 638
Cash flows from investing activities:    
Acquisition of oil and natural gas properties, net of cash acquired (699) (376)
Oil and gas properties capital expenditures (475)
Proceeds from sale of marketable equity securities 45
Proceeds from sale of oil and natural gas properties 75
Payment received on notes receivable 20 20
Net cash used in investing activities: (1,109) (281)
Cash flows from financing activities:    
Issuance of common stock, net of fees 4,468
Proceeds from warrant exercise 565
Proceeds from related party secured note payable 375
Redemption of Series A Preferred Stock (2,000)
Payments on insurance premium finance note (198) (228)
Payments on credit facility (61) (937)
Payment for fractional shares in reverse stock split (1)
Net cash provided by (used in) financing activities 3,148 (1,165)
Net increase (decrease) in cash and equivalents 1,322 (808)
Cash and equivalents, beginning of year 1,532 2,340
Cash and equivalents, end of year 2,854 1,532
Supplemental disclosures of cash flow information and non-cash activities:    
Cash payments for interest 5 11
Investing activities:    
Issuance of stock for acquisitions 554
Change in capital expenditure accruals 21 176
Exchange of undeveloped acreage for oil and gas properties 379
Asset retirement obligations assumed in acquisitions 558
Asset retirement obligations additions for new wells 130
Adoption of lease standard 252
Asset retirement obligations changes in assumptions 12 (14)
Financing activities:    
Shares issued in redemption of Series A preferred stock 1,207
Financing of insurance premiums with note payable $ 198 $ 228