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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 9,638,000 $ 19,552,000
Accounts receivable 16,915,000 7,722,000
Subscription receivable 0 3,596,000
Prepaid expenses 816,000 2,254,000
Inventory 109,000 121,000
Deposits 50,000 50,000
Total current assets 27,528,000 33,295,000
Oil and natural gas properties, using the successful efforts method of accounting:    
Proved properties 433,693,000 367,372,000
Unproved properties 131,709,000 152,741,000
Accumulated depletion, depreciation and amortization (30,392,000) (17,477,000)
Total oil and natural gas properties, net 535,010,000 502,636,000
Other property and equipment, net 1,044,000 1,092,000
Other noncurrent assets 745,000 907,000
Total assets 564,327,000 537,930,000
Current liabilities:    
Accounts payable - trade 12,760,000 7,581,000
Accrued liabilities 20,525,000 12,374,000
Other current liabilities 1,520,000 2,480,000
Total current liabilities 34,805,000 22,435,000
Noncurrent liabilities:    
Deferred income taxes 40,013,000 38,898,000
Asset retirement obligations 2,481,000 2,293,000
Other 52,000 78,000
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, $0.0001 par value, 600,000,000 shares authorized, 92,675,898 and 91,967,565 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 9,000 9,000
Additional paid-in capital 589,432,000 581,426,000
Accumulated deficit 102,465,000 107,209,000
Total stockholders' equity 486,976,000 474,226,000
Total liabilities and stockholders' equity $ 564,327,000 $ 537,930,000