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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 7,337,000 $ 15,229,000
Restricted cash 795,000 795,000
Accounts receivable 2,584,000 3,190,000
Income tax receivable 144,000 83,000
Total Current Assets 10,860,000 19,297,000
Property and Equipment - at cost    
Oil and gas properties (full cost method) 27,030,000 26,938,000
Rental equipment 412,000 412,000
Gas gathering system 115,000 115,000
Other property and equipment 315,000 315,000
Total Property and Equipment 27,872,000 27,780,000
Accumulated depreciation and amortization (25,752,000) (25,664,000)
Total Property and Equipment, Net 2,120,000 2,116,000
Real Estate Property - at cost    
Land 688,000 688,000
Commercial office building 1,625,000 1,580,000
Accumulated depreciation (1,006,000) (992,000)
Total Real Estate Property 1,307,000 1,276,000
Other Assets    
Deferred income tax asset 79,000 56,000
Other long-term investments - CDs 9,150,000 1,150,000
Other 3,000 3,000
Total Other Assets 9,232,000 1,209,000
Total Assets 23,519,000 23,898,000
Current Liabilities    
Accounts payable and accrued liabilities 5,878,000 6,005,000
Total Current Liabilities 5,878,000 6,005,000
Noncurrent Liabilities    
Asset retirement obligation 1,428,000 1,408,000
Total Noncurrent Liabilities 1,428,000 1,408,000
Total Liabilities 7,306,000 7,413,000
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized; 7,677,471 shares issued and 6,809,602 shares outstanding at March 31, 2020 and at December 31, 2019. 77,000 77,000
Additional paid-in capital 943,000 943,000
Treasury stock, at cost (1,806,000) (1,806,000)
Retained earnings 16,999,000 17,271,000
Total Shareholders' Equity 16,213,000 16,485,000
Total Liabilities and Shareholders' Equity $ 23,519,000 $ 23,898,000