XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 15,573 $ 19,286
Accounts receivable, net of allowance of $21 thousand and $65 thousand at September 30, 2013 and December 31, 2012, respectively 447 203
Assets of discontinued operations 25  
Prepaid expenses and other current assets 352 297
Total Current Assets 16,397 19,786
Oil and gas property, using the successful efforts method of accounting 4,299 2,953
Construction in progress - plant 6,685 1,717
Weathered lagoon plant 6,236 6,236
Office equipment and other 282 261
Accumulated depreciation and depletion (653) (358)
Total Property and Equipment, net 16,849 10,809
Intangible assets, net 1,719 1,872
Long term note receivable - related party, net of deferred transaction fees of $223 thousand and $119 thousand at September 30, 2013 and December 31, 2102, respectively 13,277 16,881
Investment in Global 19,857 23,607
Other assets 215 1,022
Total Assets 68,314 73,977
Current Liabilities:    
Trade payables 561 244
Liabilities of discontinued operations 109 247
Accrued liabilities and other 2,083 260
Preferred stock dividends 4  
Total Current Liabilities 2,757 751
Asset retirement obligation 2 [1] 4
BWI contingency 800 800
Total Liabilities 3,559 1,555
Contingencies (Note 2 and 13)     
Stockholders' Equity:    
Common stock, $0.01 par value; 2,000,000 shares authorized; 401,941 and 435,328 shares issued and outstanding, respectively 4 4
Additional paid-in capital 450,359 453,300
Accumulated deficit (395,064) (394,170)
Accumulated other comprehensive income 9,454 13,286
Total Stockholders' Equity 64,755 72,422
Total Liabilities and Stockholders' Equity 68,314 73,977
Series G1 Preferred Stock
   
Stockholders' Equity:    
Preferred stock 1 1
Series G2 Preferred Stock
   
Stockholders' Equity:    
Preferred stock $ 1 $ 1
[1] This is a Level 3 fair value measurement.