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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,077 $ 2,791
Fixed short term bank deposits - restricted 1,103 1,325
Prepaid expenses and other 323 461
Other deposits 10 280
Governmental receivables 19 361
Other receivables 125 153
Total current assets 4,657 5,371
Unproved oil and gas properties, full cost method (see Note 4) 7,121 6,714
Property and equipment at cost    
Net of accumulated depreciation of $481 and $455 134 156
Right of Use Lease Assets (see Note 7) 685
Other assets    
Fixed short term bank deposits - restricted 9
Assets held for severance benefits 306 271
Total other assets 306 280
Total assets 12,903 12,521
Current liabilities    
Accounts payable 305 2,811
Lease obligation - current (see Note 7) 216
Asset retirement obligation 691 720
Derivative liability (see Note 6) 263 345
Accrued liabilities 489 958
Total current liabilities 1,964 4,834
Long-term liabilities    
10% Senior convertible bonds, net of unamortized deferred financing cost of $50 and $63 and unamortized debt discount of $806 and $993 at June 30, 2019 and December 31, 2018 respectively (see Note 5) 2,398 2,211
Lease obligation - non-current (see Note 7) 516
Obligation under capital lease, net of current maturities of $10 24 30
Provision for severance pay 349 317
Total long-term liabilities 3,287 2,558
Total liabilities 5,251 7,392
Commitments and contingencies (see Note 8)
Stockholders' equity    
Common stock, par value $.01; Authorized: 200,000,000 shares at June 30, 2019: Issued and outstanding: 78,371,119 and 66,405,180 shares at June 30, 2019 and December 31, 2018 respectively 784 664
Additional paid-in capital 209,466 203,580
Accumulated deficit (202,598) (199,115)
Total stockholders' equity 7,652 5,129
Total liabilities and stockholders' equity $ 12,903 $ 12,521