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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Current assets: |  |
Cash and cash equivalents | $ 1,671 | $ 4,295
Accounts receivable, net | 39,534 | 32,242
Assets from derivative contracts | 672 | 8,559
Prepaids and other | 2,591 | 2,740
Total current assets | 44,468 | 47,836
Oil and natural gas properties (full cost method): |  |
Evaluated | 530,499 | 509,274
Unevaluated | 75,880 | 75,494
Gross oil and natural gas properties | 606,379 | 584,768
Less - accumulated depletion | (305,505) | (295,163)
Net oil and natural gas properties | 300,874 | 289,605
Other operating property and equipment: |  |
Other operating property and equipment | 3,524 | 3,535
Less - accumulated depreciation | (1,257) | (1,149)
Net other operating property and equipment | 2,267 | 2,386
Other noncurrent assets: |  |
Assets from derivative contracts | 828 | 4,009
Operating lease right of use assets | 195 | 310
Other assets | 1,967 | 2,351
Total assets | 350,599 | 346,497
Current liabilities: |  |
Accounts payable and accrued liabilities | 74,073 | 58,928
Liabilities from derivative contracts | 42,371 | 22,125
Current portion of long-term debt | 2,123 | 1,720
Operating lease liabilities | 195 | 403
Total current liabilities | 118,762 | 83,176
Long-term debt | 155,086 | 158,489
Other noncurrent liabilities: |  |
Liabilities from derivative contracts | 9,029 | 4,291
Asset retirement obligations | 10,711 | 10,583
Commitments and contingencies (Note 10) |  |
Stockholders' equity: |  |
Common stock: 100,000,000 shares of $0.0001 par value authorized;16,267,157 and 16,203,979 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively | 2 | 2
Additional paid-in capital | 330,551 | 330,123
Retained earnings (accumulated deficit) | (273,542) | (240,167)
Total stockholders' equity | 57,011 | 89,958
Total liabilities and stockholders' equity | $ 350,599 | $ 346,497

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