| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
REVENUES | ||||||||||
OIL AND GAS REVENUE | ||||||||||
997 | 2,243 | 630 | - | - | - | - | - | - | - | - |
Lease bonus revenue | ||||||||||
- | 113 | - | - | - | - | - | - | - | - | - |
Total operating revenue | ||||||||||
997 | 2,356 | 630 | - | - | - | - | - | - | - | - |
OIL AND GAS REVENUE | ||||||||||
- | - | - | 165 | 429 | 363 | 347 | 411 | 1,156 | 19,508 | 8,116 |
EXPENSES OF OPERATIONS | ||||||||||
Lease operating expense and severance tax | ||||||||||
789 | 914 | 216 | - | - | - | - | - | - | - | - |
Lease operating expense and severance tax | ||||||||||
- | - | - | 97 | 148 | 113 | 81 | 195 | 854 | 8,142 | 4,746 |
Bad debt expense | ||||||||||
- | - | - | - | - | - | 86 | 3,951 | 0 | - | - |
Foreign Equity Tax | ||||||||||
- | - | - | - | - | - | - | 1,689 | 0 | - | - |
Loss on sale of securities | ||||||||||
- | - | - | - | - | - | - | -97 | 0 | - | - |
General and administrative expense | ||||||||||
1,357 | 1,422 | 2,128 | 1,691 | 1,541 | 2,356 | 3,417 | 5,027 | 4,952 | 4,896 | 2,768 |
Impairment of oil and gas properties | ||||||||||
- | - | - | 584 | 1,718 | 1,492 | 0 | 46,235 | 0 | - | - |
Stock-based compensation | ||||||||||
- | - | - | 138 | - | - | - | - | - | - | - |
Joint venture expense | ||||||||||
- | - | - | - | - | - | - | 3 | 13 | 156 | 172 |
Depreciation and depletion | ||||||||||
438 | 357 | 161 | 302 | 756 | 359 | 24 | 66 | 185 | 3,161 | 1,900 |
Impairment of oil and gas properties | ||||||||||
745 | - | - | - | - | - | - | - | - | - | - |
Total operating expenses | ||||||||||
3,331 | 2,694 | 2,506 | 2,814 | 4,164 | 4,321 | 3,610 | 57,265 | 6,006 | 16,357 | 9,588 |
Gain on sale of oil and gas properties | ||||||||||
- | - | - | - | - | - | 45 | 387 | -1,026 | 27,159 | 0 |
Loss from operations | ||||||||||
-2,333 | -337 | -1,876 | -2,648 | -3,734 | -3,958 | -3,217 | -56,467 | -5,877 | 30,310 | -1,471 |
OTHER (EXPENSE) INCOME, NET | ||||||||||
Interest income | ||||||||||
1 | 0 | 0 | 7 | 20 | 7 | 33 | 10 | 66 | 65 | 64 |
Other income | ||||||||||
- | 86 | 10 | 0 | - | - | - | - | - | - | - |
Interest expense | ||||||||||
183 | - | 171 | 0 | - | - | - | - | - | - | - |
Contingent loss | ||||||||||
- | - | - | - | - | 400 | 0 | - | - | - | - |
Currency valuation loss | ||||||||||
- | - | - | - | -97 | 0 | - | - | - | - | - |
Other expense | ||||||||||
- | - | - | - | - | -0 | -1 | -84 | -95 | 8 | 0 |
Total other (expense) income | ||||||||||
-182 | 86 | -161 | 7 | -392 | -392 | 32 | -73 | -29 | 73 | 64 |
Net loss before taxes | ||||||||||
-2,515 | -251 | -2,037 | -2,641 | -3,811 | -4,350 | -3,185 | -56,540 | -5,906 | 30,383 | -1,406 |
Income tax expense | ||||||||||
- | - | - | 0 | 18 | 2 | -12 | 216 | -1,570 | 9,353 | -737 |
Net loss | ||||||||||
-2,515 | -251 | -2,037 | -2,641 | -3,830 | -4,353 | -3,173 | -56,757 | -4,335 | 21,029 | -669 |
Dividends to Series A and B preferred shareholders | ||||||||||
230 | 238 | 140 | - | - | - | - | - | - | - | - |
Net loss attributable to common shareholders | ||||||||||
-2,746 | -490 | -2,177 | - | - | - | - | - | - | - | - |
Basic and diluted loss per common share | ||||||||||
-0.04 | -0.01 | -0.04 | -0.05 | -0.07 | -0.08 | -0.06 | -1.46 | -0.14 | - | - |
Based and diluted weighted average number of common shares outstanding | ||||||||||
65,947 | 60,616 | 53,879 | 51,472 | 52,159 | 52,169 | 52,175 | 38,799 | 31,138 | - | - |
Basic and diluted loss per common share (in dollars per share) | ||||||||||
- | - | - | - | - | - | - | - | - | 0.68 | -0.02 |
Basic and diluted weighted average common shares outstanding (in shares) | ||||||||||
- | - | - | - | - | - | - | - | - | 0.66 | -0.02 |
Basic weighted average shares (in shares) | ||||||||||
- | - | - | - | - | - | - | - | - | 31,070 | 28,214 |
Diluted weighted average shares (in shares) | ||||||||||
- | - | - | - | - | - | - | - | - | 31,958 | 28,214 |
Net loss | ||||||||||
-2,515 | -251 | -2,037 | -2,641 | - | - | - | -56,757 | -4,335 | 21,029 | -669 |
Unrealized gain on marketable securities | ||||||||||
- | - | - | - | - | - | - | -106 | 106 | 0 | 0 |
Net comprehensive loss | ||||||||||
- | - | - | - | - | - | - | -56,863 | -4,229 | - | - |
Net comprehensive loss | ||||||||||
- | - | - | - | - | - | - | - | - | 21,029 | -669 |