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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 4,422 $ 2,854
Oil and natural gas sales receivable 933 514
Marketable equity securities 191 181
Prepaid and other current assets 179 184
Real estate assets held for sale, net of selling costs 250 975
Total current assets 5,975 4,708
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,588 1,597
Evaluated properties 95,088 93,549
Less accumulated depreciation, depletion, amortization and impairment (88,195) (87,708)
Net oil and natural gas properties 8,481 7,438
Other assets:    
Pending acquisition 2,767
Property and equipment, net 188 25
Right of use asset 120 127
Other assets 132 65
Total other assets 3,207 217
Total assets 17,663 12,363
Current liabilities:    
Accounts payable and accrued liabilities 1,447 1,457
Accrued compensation and benefits 1,162 312
Related party secured note payable 375
Warrant liability 19
Current lease obligation 114 65
Total current liabilities 2,742 2,209
Noncurrent liabilities:    
Asset retirement obligations 1,461 1,408
Warrant liability 95
Long-term lease obligation, net of current portion 19 78
Other noncurrent liabilities 6 6
Total noncurrent liabilities 1,486 1,587
Total liabilities 4,228 3,796
Shareholders’ equity:    
Common stock, $0.01 par value; unlimited shares authorized; 4,676,301 and 3,317,893 shares issued and outstanding as of December 31, 2021 and 2020, respectively 47 33
Additional paid-in capital 149,276 142,652
Accumulated deficit (135,888) (134,118)
Total shareholders’ equity 13,435 8,567
Total liabilities and shareholders’ equity $ 17,663 $ 12,363