XML 15 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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Oil and gas operations $ 309 $ 185 $ 823 $ 185
Total revenues 309 185 823 185
Operating costs and expenses:        
Oil and gas operating 60 21 126 21
Selling, general and administrative 827 857 2,475 3,157
Depreciation, depletion and amortization 211 117 555 244
Total operating costs and expenses 1,098 995 3,156 3,422
Loss from operations (789) (810) (2,333) (3,237)
Other income and expenses:        
Interest and other expenses (35)   (35)  
Interest and other income - related party 528 496 1,773 1,336
Interest and other income 4 12 41 33
Total other income 497 508 1,779 1,369
Loss from continuing operations before income taxes (292) (302) (554) (1,868)
Income tax benefit   2   80
Loss from continuing operations (292) (300) (554) (1,788)
Loss on disposal of discontinued operations   (24)   (93)
Loss from discontinued operations (69) (82) (340) (302)
Net loss (361) (406) (894) (2,183)
Accrual of dividends related to preferred stock (4) (4) (12) (12)
Gain on payments of dividends of preferred stock     8 8
Net loss attributed to common stock $ (365) $ (410) $ (898) $ (2,187)
Loss per common share from continuing operations $ (0.74) $ (0.70) $ (1.36) $ (4.01)
Loss per common share from discontinued operations $ (0.17) $ (0.24) $ (0.83) $ (0.88)
Net loss per common share, basic and diluted $ (0.91) $ (0.94) $ (2.19) $ (4.89)
Weighted average common shares outstanding:        
Basic and diluted 401,941 436,896 410,266 447,411