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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 473 $ 300
Accounts receivable from oil and gas sales 141 216
Other current assets 37 182
Total current assets 651 698
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 5,914 8,809
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 803 1,476
Other 134 162
Total property and equipment 937 1,638
Other assets (including $126,000 and $122,000 in 2015 and 2014 due from related parties) 1,373 1,129
Total assets 8,875 12,274
Current liabilities    
Accounts payable - trade (including$168 and $494 in 2015 and 2014 due to related parties) 241 673
Accrued expenses 151 229
Current portion of long term debt 831 881
Total current liabilities 1,223 1,783
Long-term debt    
Notes payable less current portion 1,211 1,428
Asset retirement obligation 2,770 2,770
Total liabilities 5,204 5,981
Stockholders' equity    
Series B convertible preferred stock, $10 par value, liquidation value of $100 authorized 100 shares, issued and outstanding one share 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,935 shares at December 31, 2015 and 2014 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (55,188) (52,566)
Total shareholders' equity 3,671 6,293
Total liabilities & stockholders' equity $ 8,875 $ 12,274