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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 7,236 $ 2,854
Oil and natural gas sales receivable 561 514
Marketable equity securities 231 181
Prepaid and other current assets 447 184
Commodity derivative 109
Real estate assets held for sale, net of selling costs 975 975
Total current assets 9,559 4,708
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,597 1,597
Evaluated properties 94,047 93,549
Less accumulated depreciation, depletion, amortization and impairment (87,807) (87,708)
Net oil and natural gas properties 7,837 7,438
Other assets:    
Property and equipment, net 24 25
Right-of-use asset 190 127
Other assets 40 65
Total other assets 254 217
Total assets 17,650 12,363
Current liabilities:    
Accounts payable and accrued liabilities 945 1,457
Accrued compensation and benefits 106 312
Related party secured note payable 375
Insurance premium note payable 223
Current lease obligation 101 65
Total current liabilities 1,375 2,209
Noncurrent liabilities:    
Asset retirement obligations 1,471 1,408
Warrant liability 115 95
Long-term lease obligation, net of current portion 110 78
Other long-term liabilities 6 6
Total noncurrent liabilities 1,702 1,587
Total liabilities 3,077 3,796
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized; 4,676,301 and 3,317,893 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 47 33
Additional paid-in capital 148,806 142,652
Accumulated deficit (134,280) (134,118)
Total shareholders' equity 14,573 8,567
Total liabilities and shareholders' equity $ 17,650 $ 12,363