XML 22 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net (Loss) $ (646,000) $ 264,000 $ (3,000)
Reconciliation of net Income (Loss) to net cash provided by operating activities      
Depreciation and amortization 456,000 499,000 522,000
Impairment of oil and gas properties
Accretion of asset retirement obligation 120,000 189,000 12,000
Insurance proceeds received for environmental remediation 278,000
Gain on insurance proceeds received (157,000)
Changes in accounts receivable (325,000) (16,000) (671,000)
Changes in income tax receivable 152,000 24,000 668,000
Changes in accts payable & accrued liabilities 148,000 249,000 222,000
Changes in deferred Income tax asset (56,000)
Changes in deferred income tax payable (86,000) (121,000) 189,000
Other 6,000
Net cash provided (used) for operating activities (231,000) 1,088,000 1,060,000
Cash Flows from Investing Activities      
Capitalized acquisition, exploration and development (251,000) (320,000) (192,000)
Purchase of other property and equipment (19,000)
Other long-term investments 1,208,000 308,000 (1,116,000)
Proceeds from sale of oil and gas properties 918,000 1,523,000 934,000
Net cash used for investing activities 1,856,000 1,511,000 (374,000)
Cash Flows from Financing Activities      
Purchase of 126,667 shares of treasury stock (270,000)
Net cash used for financing activities (270,000)
Increase (decrease) in cash, cash equivalents, and restricted cash 1,625,000 2,329,000 686,000
Cash, cash equivalents, and restricted cash at beginning of period 14,399,000 12,070,000 11,384,000
Cash, cash equivalents, and restricted cash at end of period $ 16,024,000 $ 14,399,000 $ 12,070,000