XML 25 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,736 $ 1,650
Accounts receivable:    
Revenue 19,671 2,206
Joint interest billings and other 1,770 1,151
Insurance receivable (Note 3) 522
Due from related parties 2,075
Commodity derivative asset 3,517 215
Prepaid expense, deposits, and other current assets 1,894 783
Inventory 900
Total current assets 34,010 8,080
Oil and gas properties, full cost method of accounting:    
Proved, net 248,455 34,178
Unproved 5,416 1,947
Other property, plant and equipment, net 17,563 737
Total property, plant and equipment, net 271,434 36,862
Investments in affiliates (Note 6) 598 14,267
Commodity derivative asset - non-current 3,505 10
Other non-current assets 1,344 790
Total non-current assets 276,881 51,929
Total assets 310,891 60,009
Current liabilities:    
Accounts payable and accrued liabilities (Note 11) 34,816 11,218
Firm transportation contract obligations (Note 14) 6,129 127
Total current liabilities 40,945 11,345
Non-current liabilities:    
Firm transportation contract obligations (Note 14) 12,729 134
Production and property taxes payable 2,914 520
Warrant liability 2,017
Asset retirement obligations (Note 3) 19,211 7,357
Credit facilities and notes payable (Note 7) 109,138 22,140
Notes payable – related party (Note 7) 49,919
Total non-current liabilities 193,911 32,168
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.01 par value; liquidation preference of $224,000; authorized 1,000,000 shares, 50,000 and zero shares issued and outstanding at December 31, 2018 and 2017, respectively 1
Common stock, $0.01 par value; authorized 35,000,000 shares, 7,655,759 and 6,005,633 shares issued and outstanding at December 31, 2018 and 2017, respectively 77 60
Additional paid-in capital 84,612 58,813
Accumulated deficit (36,939) (44,218)
Total Carbon stockholders’ equity 47,751 14,655
Non-controlling interests 28,284 1,841
Total stockholders’ equity 76,035 16,496
Total liabilities and stockholders’ equity $ 310,891 $ 60,009