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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,016 $ 5,736
Accounts receivable:    
Revenue 14,714 19,671
Joint interest billings and other 1,158 1,770
Insurance receivable (Note 2) 522
Commodity derivative asset (Note 13) 3,517
Prepaid expense, deposits and other current assets 1,519 1,894
Inventory 625 900
Total current assets 29,032 34,010
Oil and gas properties, full cost method of accounting:    
Proved, net 245,321 248,455
Unproved 5,385 5,416
Other property and equipment, net 17,168 17,563
 Total property and equipment, net 267,874 271,434
Investments in affiliates (Note 6) 617 598
Commodity derivative asset - non-current (Note 13) 147 3,505
Right-of-use assets (Note 14) 7,256
Other non-current assets 1,138 1,344
Total non-current assets 277,032 276,881
Total assets 306,064 310,891
Current liabilities:    
Accounts payable and accrued liabilities (Note 11) 30,020 34,816
Firm transportation contract obligations (Note 15) 6,012 6,129
Lease liability - current (Note 14) 1,616
Commodity derivative liability (Note 13) 1,657
Credit facilities and notes payable – current (Note 7) 9,910 11,910
Total current liabilities 49,215 52,855
Non-current liabilities:    
Firm transportation contract obligations (Note 15) 11,749 12,729
Lease liability - non-current (Note 14) 5,645
Commodity derivative liability - non-current (Note 13) 318
Production and property taxes payable 3,103 2,914
Asset retirement obligations (Note 3) 19,312 19,211
Credit facilities and notes payable (Note 7) 97,168 97,228
Notes payable - related party (Note 7) 49,964 49,919
Total non-current liabilities 187,259 182,001
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.01 par value; liquidation preference of $299,000 at March 31, 2019 and $224,000 at December 31, 2018; authorized 1,000,000 shares, 50,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 1 1
Common stock, $0.01 par value; authorized 35,000,000 shares, 7,791,292 and 7,655,759 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 79 77
Additional paid-in capital 84,833 84,612
Accumulated deficit (41,039) (36,939)
Total Carbon stockholders' equity 43,874 47,751
Non-controlling interests 25,716 28,284
Total stockholders' equity 69,590 76,035
Total liabilities and stockholders' equity $ 306,064 $ 310,891