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Description Of Business And Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Description Of Business And Significant Accounting Policies [Abstract]  
Disaggregation Of Revenue



 

 



Year Ended

Year Ended



December 31, 2018

December 31, 2017

Revenue (in thousands):

 

 

     Crude oil

$5,840  $4,653 

     Salt water disposal fees

31  30 



 

 

     Total

$5,871  $4,683 



Inventory



 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,



 

2018

 

2017

Oil – carried at cost

 

$

359 

 

$

436 

Equipment and materials – carried at market

 

 

105 

 

 

105 

Total inventory

 

$

464 

 

$

541 



Accounts Receivable



 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,



 

2018

 

2017

Revenue

 

$

396 

 

$

479 

Tax

 

 

129 

 

 

 —

Joint interest

 

 

 

 

23 

Other

 

 

 —

 

 

29 

Allowance for doubtful accounts

 

 

 —

 

 

(14)

Total accounts receivable

 

$

533 

 

$

517 



Reconciliations Of The Numerators And Denominators On Basic And Diluted Earnings Per Share



 

 

 

 

 

 



 

 

 

 

 

 



 

For the years ended December 31,



 

2018

 

2017

Income (numerator):

 

  

 

 

  

 

Net income (loss) from continuing operations

 

$

442 

 

$

(603)

Net income from discontinued operations

 

 

1,127 

 

 

29 

Weighted average shares (denominator):

 

 

 

 

 

 

Weighted average shares - basic

 

 

10,628,170 

 

 

10,081,218 

Dilution effect of share-based compensation, treasury method

 

 

 —

 

 

 —

Weighted average shares - dilutive

 

 

10,628,170 

 

 

10,081,218 

Income (loss) per share – Basic and Dilutive:

 

 

 

 

 

 

Continuing operations

 

$

0.04 

 

$

(0.06)

Discontinued operations

 

$

0.11 

 

$

 —