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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net Income (Loss) $ (694,000) $ (102,000)
Reconciliation of net income to net cash provided by operating activities    
Depreciation and amortization 135,000 270,000
Accretion of asset retirement obligation 60,000 94,000
Changes in accounts receivable 711,000 (135,000)
Changes in income tax receivable (173,000) (20,000)
Changes in accounts payable and accrued liabilities (313,000) 521,000
Changes in deferred Income tax asset 5,000
Changes in deferred Income tax payable (151,000)
Changes in other assets
Net cash provided (used) for operating activities (269,000) 477,000
Cash Flows from Investing Activities    
Capitalized acquisition, exploration and development (165,000) (231,000)
Purchase of other property and equipment (7,000)
Changes in Other long-term investments (8,000,000)
Proceeds from sale of oil and gas properties 250,000
Capitalized tenant improvements and broker fees (44,000)
Net cash (used) for investing activities (7,959,000) (238,000)
Cash Flows from Financing Activities    
Changes in notes payable 403,000
Purchase of 54,284 shares of treasury stock (68,000)
Net cash used for financing activities 335,000
Increase (decrease) in cash, cash equivalents, and restricted cash (7,893,000) 239,000
Cash, cash equivalents, and restricted cash at beginning of period 16,024,000 14,399,000
Cash, cash equivalents, and restricted cash at end of period $ 8,132,000 $ 14,638,000