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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Oil $ 1,240 $ 864
Natural gas and liquids 507 202
Total revenue 1,747 1,066
Oil and gas operations:    
Production costs 1,053 1,030
Depreciation, depletion and amortization 270 782
Impairment of oil and gas properties 6,957
General and administrative:    
Compensation and benefits, including directors and contract employees 176 139
Stock-based compensation 106 34
Professional fees, insurance and other 880 576
Total operating expenses 2,485 9,518
Operating loss (738) (8,452)
Other income (expense):    
Realized gain (loss) on oil price risk derivatives 882
Unrealized gain (loss) on oil price risk derivatives (573)
Gain on investments 9
Rental and other income/(loss) (216) 21
Warrant fair value adjustment 340
Interest expense (125) (162)
Other expense (1)
Total other income (expense) (2) 177
Loss from continuing operations (740) (8,275)
Discontinued operations:    
Discontinued operations (2,327)
Loss from discontinued operations (2,327)
Net loss (740) (10,602)
Change in fair value of marketable equity securities (86)
Comprehensive loss (826) (10,602)
Loss from continuing operations applicable to common shareholders    
Loss from continuing operations (740) (8,275)
Accrued dividends related to Series A Convertible Preferred Stock (69) (34)
Loss from continuing operations applicable to common shareholders $ (809) $ (8,309)
Loss per share- basic & diluted    
Continuing operations (in dollars per share) $ (0.14) $ (1.76)
Discontinued operations (in dollars per share) (0.49)
Total (in dollars per share) (0.14) (2.25)
Weighted average shares outstanding    
Basic and diluted (in shares) $ 5,834,568 $ 4,705,500