XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Oil and gas operations $ 266   $ 514  
Total revenues 266   514  
Operating costs and expenses:        
Oil and gas operating 36   66  
Selling, general and administrative 755 1,110 1,648 2,300
Depreciation, depletion and amortization 134 67 344 127
Total operating costs and expenses 925 1,177 2,058 2,427
Loss from operations (659) (1,177) (1,544) (2,427)
Other income:        
Interest and other income - related party 586 478 1,245 840
Interest and other income 4 9 37 21
Total other income 590 487 1,282 861
Loss from continuing operations before income taxes (69) (690) (262) (1,566)
Income tax benefit   73   78
Loss from continuing operations (69) (617) (262) (1,488)
Gain (loss) on disposal of discontinued operations   13   (69)
Loss from discontinued operations (161) (43) (271) (220)
Net loss (230) (647) (533) (1,777)
Accrual of dividends related to preferred stock (4) (4) (8) (8)
Gain on payments of dividends of preferred stock 8 8 8 8
Net loss attributed to common stock $ (226) $ (643) $ (533) $ (1,777)
Loss per common share from continuing operations $ (0.16) $ (1.38) $ (0.64) $ (3.29)
Loss per common share from discontinued operations $ (0.40) $ (0.07) $ (0.65) $ (0.64)
Net loss per common share, basic and diluted $ (0.56) $ (1.45) $ (1.29) $ (3.93)
Weighted average common shares outstanding:        
Basic and diluted 404,814 443,765 414,496 452,724