XML 48 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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Oil and gas operations $ 339 $ 309 $ 794 $ 823
Total revenues 339 309 794 823
Operating costs and expenses:        
Oil and gas operating 58 60 170 126
Selling, general and administrative 821 827 2,810 2,475
Depreciation, depletion and amortization 176 211 503 555
Total operating costs and expenses 1,055 1,098 3,483 3,156
Loss from operations (716) (789) (2,689) (2,333)
Other income and expenses:        
Interest and other expenses (54) (35) (117) (35)
Interest and other income - related party 323 528 1,119 1,773
Interest and other income 1 4 93 41
Total other income 270 497 1,095 1,779
Loss from continuing operations (446) (292) (1,594) (554)
Gain on disposal of discontinued operations     41  
Loss from discontinued operations (3,300) (69) (3,286) (340)
Net loss (3,746) (361) (4,839) (894)
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 $ (3,750) $ (365) $ (4,843) $ (898)
Loss per common share from continuing operations $ (1.15) $ (0.74) $ (4.05) $ (1.36)
Loss per common share from discontinued operations $ (8.44) $ (0.17) $ (8.23) $ (0.83)
Net loss per common share, basic and diluted $ (9.59) $ (0.91) $ (12.28) $ (2.19)
Weighted average common shares outstanding:        
Basic and diluted 390,916 401,941 394,367 410,266