XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 10,215,000 $ 10,673,000
Restricted cash 370,000 370,000
Accounts receivable, related parties
Accounts receivable 4,405,000 3,104,000
Prepaid Expenses
Intercompany
Income tax receivable 213,000 450,000
Total Current Assets 15,203,000 14,597,000
Property and Equipment - at cost    
Oil and gas properties (full cost method) 25,731,000 26,305,000
Rental equipment 412,000 412,000
Gas gathering system 115,000 115,000
Other property and equipment 395,000 317,000
  26,653,000 27,149,000
Accumulated depreciation and amortization (26,151,000) (26,127,000)
Total Property and Equipment 502,000 1,022,000
Real Estate Property - at cost    
Land 688,000 688,000
Commercial office building 1,624,000 1,624,000
Accumulated depreciation (1,131,000) (1,102,000)
Total Real Estate Property 1,181,000 1,210,000
Other Assets    
Deferred Income Tax Asset 194,000 311,000
Other long-term investments 11,200,000 8,941,000
Other 4,000 4,000
Total Other Assets 11,398,000 9,256,000
Total Assets 28,284,000 26,085,000
Current Liabilities    
Accounts payable and accrued liabilities 8,076,000 7,601,000
Total Current Liabilities 8,076,000 7,601,000
Noncurrent Liabilities    
Asset retirement obligation 2,048,000 1,925,000
Total Noncurrent Liabilities 2,048,000 1,925,000
Total Liabilities 10,124,000 9,526,000
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized; 7,677,471 shares issued and 6,755,318 outstanding at June 30, 2022 and at December 31, 2021. 77,000 77,000
Additional paid-in capital 943,000 943,000
Treasury stock, at cost (1,874,000) (1,874,000)
Retained earnings 19,014,000 17,413,000
Total Shareholders' Equity 18,160,000 16,559,000
Total Liabilities and Shareholders' Equity $ 28,284,000 $ 26,085,000