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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 4,845 $ 2,791
Fixed short term bank deposits - restricted 1,090 1,325
Prepaid expenses and other 511 461
Other deposits 197 280
Governmental receivables 34 361
Other receivables 222 153
Total current assets 6,899 5,371
Unproved oil and gas properties, full cost method (see Note 4) 10,637 6,714
Property and equipment at cost    
Net of accumulated depreciation of $505 and $455 115 156
Right of Use Lease Assets (see Note 10) 634
Other assets    
Fixed long term bank deposits - restricted 9
Assets held for severance benefits (see Note 3) 371 271
Total other assets 371 280
Total assets 18,656 12,521
Current liabilities    
Accounts payable 108 2,811
Lease obligation - current (see Note 10) 239
Asset retirement obligation (see Note 11) 585 720
Derivative liability (see Note 8) 129 345
Accrued liabilities (see Note 5) 826 958
Total current liabilities 1,887 4,834
Long-term liabilities    
10% Senior convertible bonds, net of unamortized deferred financing cost of $36 and $63 and unamortized debt discount of $639 and $993 at December 31, 2019 and December 31, 2018 respectively (see Note 7) 2,574 2,211
Lease obligation - non-current (see Note 11) 450
Obligation under capital lease, net of current maturities of $10 (see Note 7) 19 30
Provision for severance pay (see Note 3) 402 317
Total long-term liabilities 3,445 2,558
Total liabilities 5,332 7,392
Commitments and contingencies (see Note 11)  
Stockholders' equity    
Common stock, par value $.01; Authorized: 200,000,000 shares at December 31, 2019 and 2018: Issued and outstanding: 123,973,084 and 66,405,180 shares at December 31, 2019 and 2018 respectively 1,240 664
Additional paid-in capital 217,892 203,580
Accumulated deficit (205,808) (199,115)
Total stockholders' equity 13,324 5,129
Total liabilities and stockholders' equity $ 18,656 $ 12,521