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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 2,791 $ 6,892
Fixed short term bank deposits - restricted 1,325 1,197
Prepaid expenses and other 461 434
Other deposits 280 540
Governmental receivables 361 1,237
Other receivables 153 133
Total current assets 5,371 10,433
Unproved oil and gas properties, full cost method (see Note 4) 6,714 21,695
Property and equipment at cost    
Net of accumulated depreciation of $455 and $453 156 196
Other assets    
Fixed short term bank deposits - restricted 9 990
Assets held for severance benefits 271 234
Total other assets 280 1,224
Total assets 12,521 33,548
Current liabilities    
Accounts payable 2,811 2,750
Asset retirement obligation (see Note 10B) 720 470
Derivative liability (see Note 8) 345 1,866
Accrued liabilities (see Note 5) 958 1,701
Total current liabilities 4,834 6,787
Long-term liabilities    
10% Senior convertible bonds, net of unamortized deferred financing cost of $63 and $90 and unamortized debt discount of $993 and $1,267 at December 31, 2018 and 2017 respectively (see Note 7) 2,211 2,002
Obligation under capital lease, net of current maturities of $10 (see Note 7C) 30 39
Provision for severance pay 317 280
Total long-term liabilities 2,558 2,321
Total liabilities 7,392 9,108
Commitments and contingencies (see Note 10)
Stockholders' equity    
Common stock, par value $.01; Authorized: 200,000,000 shares at December 31, 2018: Issued and outstanding: 66,405,180 and 55,888,399 shares at December 31, 2018 and 2017 respectively 664 559
Additional paid-in capital 203,580 184,485
Accumulated deficit (199,115) (160,604)
Total stockholders' equity 5,129 24,440
Total liabilities and stockholders' equity $ 12,521 $ 33,548