Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended December 31,
	2012			2011
	(in thousands)
Current Taxes:
Federal	$	-		$	-
State		-			-
Deferred Taxes:
Federal		(80	)		(573	)
State		-			-
Total tax benefit	$	(80	)	$	(573	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended December 31,
	2012			2011
	(in thousands)
Statutory tax benefit	$	(892	)	$	(1,387	)
Increase (decrease) in valuation allowance
Change in valuation allowance		(3,137	)		1,318
Effect of subsidiary tax consolidation		-			(573	)
Expiration of capital loss carryforwards		9			22
Expiration of NOL carryforwards		4,007			18
Benefit realized on settlement of unrecognized tax benefit		(80	)		-
Effect of permanent differences and other		13			29
Total tax benefit	$	(80	)	$	(573	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2012			2011
	(in thousands)
Deferred tax assets:
Net operating losses (NOL) carryover	$	33,444		$	36,460
Depletion carryover		3,020			3,020
Share based compensation		28			-
Deferred book liabilities		1			-
Loan origination fees		41			-
Book vs. tax basis in investments		19,165			20,180
Capital loss carryover		2,688			2,697
Total gross deferred tax assets		58,387			62,357
Deferred tax liabilities:
Property and equipment		(753	)		(781	)
Net deferred tax assets		57,634			61,576
Less valuation allowances		(57,634	)		(61,576	)
Deferred tax liabilities, net of valuation allowance	$	-		$	-

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2012			2011
Unrecognized tax benefits at January 1,	$	225		$	225
Increases for positions taken in current year		-			-
Decreases for positions taken in current year		-			-
Decreases for settlements with taxing authorities		(225	)		-
Decreases for lapses in the applicable statute of limitations		-			-
Unrecognized tax benefits at December 31,	$	-		$	225