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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 6,955 $ 2,854
Oil and natural gas sales receivable 1,084 514
Marketable equity securities 248 181
Prepaid and other current assets 282 184
Real estate assets held for sale, net of selling costs 250 975
Total current assets 8,819 4,708
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,698 1,597
Evaluated properties 94,843 93,549
Less accumulated depreciation, depletion, amortization, and impairment (88,063) (87,708)
Net oil and natural gas properties 8,478 7,438
Other assets:    
Property and equipment, net 117 25
Right-of-use asset 143 127
Other assets 40 65
Total other assets 300 217
Total assets 17,597 12,363
Current liabilities:    
Accounts payable and accrued liabilities 734 1,457
Accrued compensation and benefits 269 312
Commodity derivative 116
Related party secured note payable 375
Insurance premium note payable 101
Current lease obligation 110 65
Warrant liability 93
Total current liabilities 1,423 2,209
Noncurrent liabilities:    
Asset retirement obligations 1,441 1,408
Warrant liability, net of current portion 95
Long-term lease obligation, net of current portion 49 78
Other long-term liabilities 6 6
Total noncurrent liabilities 1,496 1,587
Total liabilities 2,919 3,796
Shareholders’ equity:    
Common stock, $0.01 par value; unlimited shares authorized; 4,676,301 and 3,317,893 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 47 33
Additional paid-in capital 149,037 142,652
Accumulated deficit (134,406) (134,118)
Total shareholders’ equity 14,678 8,567
Total liabilities and shareholders’ equity $ 17,597 $ 12,363