XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 8,876 $ 14,302
Accounts receivable 268 334
Assets of discontinued operations, net of allowance of $158 thousand at September 30, 2014 and December 31, 2013 3 6
Short term note receivable - related party, net of deferred transaction fees of $65 thousand at September 30, 2014 7,435  
Prepaid expenses and other current assets 339 214
Total Current Assets 16,921 14,856
Oil and gas property, using the successful efforts method of accounting 4,395 4,450
Construction in progress - plant 14,673 8,833
Weathered lagoon plant 6,230 6,236
Capital leases - equipment 844  
Office equipment and other 382 305
Accumulated depreciation and depletion (1,089) (781)
Total Property and Equipment, net 25,435 19,043
Intangible assets, net 1,513 1,667
Long term note receivable - related party, net of deferred transaction fees of $177 thousand at December 31, 2013   11,823
Investment in Global 9,450 19,312
Other assets 413 259
Total Assets 53,732 66,960
Current Liabilities:    
Trade payables 390 838
Liabilities of discontinued operations 3,283 160
Capital lease obligation - short term 392  
Accrued liabilities and other 816 1,583
Preferred stock dividends 4  
Total Current Liabilities 4,885 2,581
Asset retirement obligation 2 2
Capital lease obligation - long term 282  
BWI contingency 800 800
Total Liabilities 5,969 3,383
Contingencies (Note 2 and 12)     
Stockholders' Equity:    
Common stock, $0.01 par value; 2,000,000 shares authorized; 390,916 and 401,943 shares issued and outstanding, respectively 4 4
Additional paid-in capital 449,706 450,394
Accumulated deficit (400,486) (395,643)
Accumulated other comprehensive income (loss) (1,463) 8,820
Total Stockholders' Equity 47,763 63,577
Total Liabilities and Stockholders' Equity 53,732 66,960
Series G1 Preferred Stock
   
Stockholders' Equity:    
Preferred stock 1 1
Series G2 Preferred Stock
   
Stockholders' Equity:    
Preferred stock $ 1 $ 1