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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,467 $ 4,010
Note receivable, current 0 293
Accounts receivable - oil and gas 8,556 7,995
Prepaid expenses and other current assets 568 917
Total current assets 17,591 13,215
Oil and gas properties:    
Oil and gas properties, subject to amortization, net 96,194 95,070
Oil and gas properties, not subject to amortization 6,223 8,442
Total oil and gas properties, net 102,417 103,512
Note receivable 0 933
Operating lease - right-of-use asset 299 224
Deferred income taxes 13,165 12,751
Other assets 3,346 3,210
Total assets 136,818 133,845
Current liabilities:    
Accounts payable 5,782 2,625
Accrued expenses 1,561 2,255
Revenue payable 2,467 1,266
Operating lease liabilities - current 174 99
Asset retirement obligations - current 580 663
Total current liabilities 10,564 6,908
Long-term liabilities:    
Operating lease liabilities, net of current portion 125 129
Asset retirement obligations, net of current portion 5,477 5,708
Total liabilities 16,166 12,745
Shareholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized; 91,829,352 and 89,355,267 shares issued and outstanding, respectively 92 89
Additional paid-in capital 228,098 227,013
Accumulated deficit (107,538) (106,002)
Total shareholders' equity 120,652 121,100
Total liabilities and shareholders' equity $ 136,818 $ 133,845