Business Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Business Segments

14. BUSINESS SEGMENTS

The Company's three business segments are (1) oil and gas exploration, acquisition, production and operations, (2) transportation and compression of natural gas, and (3) commercial real estate investment. Management has chosen to organize the Company into the three segments based on the products or services provided. The following is a summary of selected information for these segments for the

three-year period ended December 31, 2019:

	Year Ended December 31,
	2019		2018		2017
Revenues: (1)
Oil and gas exploration, production	$	4,946,000	$	6,106,000	$	4,889,000
and operations
Gas gathering, compression and		125,000		136,000		126,000
equipment rental
Real estate rental		248,000		232,000		274,000
	$	5,319,000	$	6,474,000	$	5,289,000

	Year Ended December 31,
	2019		2018		2017
Depreciation, depletion, and
amortization expense:
Oil and gas exploration, production	$	408,000	$	461,000	$	1,043,000
and operations
Impairment of oil and gas assets						695,000
Gas gathering, compression and		1,000		13,000		13,000
equipment rental
Real estate rental		47,000		48,000		48,000
	$	456,000	$	522,000	$	1,799,000

	Year Ended December 31,
	2019			2018			2017
Income (loss) from operations:
Oil and gas exploration, production	$	1,836,000		$	2,975,000		$	2,359,000
and operations
Gas gathering, compression and		92,000			86,000			73,000
equipment rental
Real estate rental		22,000			(11,000	)		43,000
		1,950,000			3,050,000			2,475,000
Corporate and other (2)		(2,596,000	)		(2,786,000	)		(2,478,000	)
Consolidated net income (loss)	$	(646,000	)	$	264,000		$	(3,000	)

	Year Ended December 31,
	2019		2018		2017
Identifiable assets net of DDA:
Oil and gas exploration, production
and operations	$	2,108,000	$	3,449,000	$	4,574,000
Gas gathering, compression and
equipment rental		8,000		10,000		5,000
Real estate rental		1,276,000		1,323,000		1,371,000
		3,392,000		4,782,000		5,950,000
Corporate and other (3)		20,506,000		19,616,000		18,182,000
Consolidated total assets	$	23,898,000	$	24,398,000	$	24,132,000

Note (1): All reported revenues are from external customers.

Note (2): Corporate and other includes general and administrative expenses,

other non-operating income and expense and income taxes.

Note (3): Corporate and other includes cash, accounts and notes receivable,

inventory, other property and equipment and intangible assets.