US ENERGY CORP USEG Balance Sheet

Us energy corp (USEG)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and equivalents
1,136	1,532	1,385	884	1,256	2,340	2,993	2,758	2,095	3,277	1,814	1,987	2,164	2,518	1,204	1,360	1,921	3,354	3,877	4,067	3,976	4,010	4,363	4,254	2,512	5,855	5,538	4,141	2,547	2,825	3,723	3,882	7,784	12,874	4,803	7,751	5,812
Marketable equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,922	1,178	260	-	-	-	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Held to maturity - treasuries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,106	17,843
Available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258	30	25	-	35	41	45	69	75	82	144	183	156	221	179	166	295	937	1,364
Oil and natural gas sales receivable
599	716	1,113	1,357	881	697	927	742	1,078	687	464	641	659	562	694	834	625	1,143	1,085	1,778	1,404	3,177	6,788	6,460	6,443	6,801	5,792	6,074	5,884	5,182	5,151	5,943	4,751	5,496	4,542	3,821	3,890
Marketable equity securities
231	307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party receivable
-	-	-	-	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursable project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	408	114
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	113	104	104	104
Oil price risk derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	174	1,061	1,634	1,002	-	-	0	104	0	0	14	62	220	0	472	635	1,112	101	3	1,058	-	0
Discontinued operations - assets of mining segment
-	-	-	-	-	-	0	114	114	114	114	114	114	114	135	135	135	318	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets available for sale
-	-	-	-	-	-	0	0	0	653	653	653	653	653	653	653	-	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable equity securities
-	-	302	541	548	536	956	753	798	876	464	622	861	947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and other current assets
462	138	-	-	-	113	-	-	-	-	-	-	-	-	234	319	436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable deposit, net
-	-	50	50	50	-	374	374	374	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity price risk derivatives
-	-	-	-	-	-	-	-	-	-	29	311	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15,377	15,369	17,051	18,713	16,180	18,075	22,600	21,150	20,979	20,979
Other current assets
-	-	153	211	301	-	154	249	316	61	131	233	254	95	-	-	-	136	227	234	227	288	251	215	314	422	453	247	338	302	376	360	282	352	409	467	456
Total current assets
2,428	2,693	3,003	3,043	3,038	3,688	5,404	4,990	4,775	5,918	3,669	4,561	4,705	4,889	4,919	4,653	4,438	6,836	6,449	6,109	5,632	7,500	11,541	10,970	9,314	13,161	11,920	26,141	24,282	26,015	28,763	27,707	31,181	41,604	32,361	35,573	50,562
Oil and natural gas properties under full cost method:
Unevaluated properties
3,741	3,741	3,757	3,756	3,755	3,728	4,753	4,664	4,664	4,664	4,664	4,664	4,664	4,664	4,665	4,665	4,665	5,664	-	-	-	12,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,054	130,172	133,227	-	144,649	-	-	136,521	-	-	-	-	-	-	-	-	-	-	-
Unproved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,196	8,190	9,200	-	10,144	-	-	7,478	-	-	-	-	-	-	-	-	-	-	-
Evaluated properties
89,684	89,113	89,267	89,222	89,205	88,764	86,432	86,383	86,356	86,313	87,919	87,919	87,919	87,834	89,436	89,402	91,913	97,912	0	0	368	147,486	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation, depletion and amortization
84,506	84,400	84,262	84,087	83,891	83,729	83,707	83,634	83,500	83,362	83,233	83,094	82,901	82,640	82,433	81,774	80,918	80,144	78,867	76,691	74,636	71,762	68,575	-	-	57,077	-	-	-	-	-	-	-	-	-	-	-
Investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,224	2,213	2,239	2,264	-	-	2,563	2,623	2,642	2,705	2,834
Investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,455	2,472	-	-	-	-	-
Net oil and natural gas properties
8,919	8,454	8,762	8,891	9,069	8,763	7,478	7,413	7,520	7,615	9,350	9,489	9,682	9,858	11,668	12,293	15,660	23,432	38,383	61,671	68,159	88,269	86,218	85,824	91,603	86,922	84,513	80,591	82,201	85,634	89,010	85,599	82,856	90,942	98,552	88,696	70,374
Other assets:
Undeveloped mining claims
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,942	21,942	21,942	-	21,942	21,942	21,942	20,739	20,739	20,739	20,739	20,739	20,739	20,739	20,739	20,739	20,771	20,771	21,077
Property and equipment, net
2,085	2,115	2,149	2,194	2,216	2,249	2,280	2,311	2,340	1,717	1,749	1,650	1,817	1,864	1,898	1,934	2,622	2,658	3,666	3,811	3,879	2,939	4,006	4,073	4,130	4,199	4,226	4,293	4,362	4,435	4,516	8,977	-	4,728	-	-	-
Right-of-use asset
167	179	191	203	215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations - assets of mining segment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	62	-	125	108	121	156	169	158	95	206	-	-	-	1,340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net properties and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111,839	117,675	-	109,478	105,623	107,302	110,808	114,265	115,315	9,031	116,409	8,942	9,069	9,336
Net properties and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,626	-	128,265	118,536	100,787
Other assets
65	26	52	51	51	78	80	58	2,402	66	1,874	1,758	1,938	2,020	2,067	2,092	2,717	2,864	1,062	1,885	1,887	27,754	1,804	1,825	1,788	1,780	1,734	1,639	1,742	1,740	2,703	1,789	1,851	1,803	1,788	2,021	1,833
Total other assets
2,317	2,320	2,392	2,448	2,482	2,327	2,360	2,369	-	1,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
13,664	13,467	14,157	14,382	14,589	14,778	15,242	14,772	14,697	15,316	14,893	15,808	16,325	16,767	18,654	19,038	22,815	33,132	71,502	95,418	101,499	123,523	125,511	124,634	128,777	126,801	125,356	135,616	135,565	140,827	148,186	147,283	148,221	162,439	165,056	158,835	156,016
LIABILITIES, PREFERRED STOCK AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities
1,015	974	1,222	1,130	1,028	670	-	-	-	707	-	-	-	-	972	1,216	1,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations of mining properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	204	-	-	-	188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas payables
-	-	-	-	-	-	390	429	464	-	-	-	-	-	-	-	-	-	8,334	8,696	8,879	-	4,938	4,209	5,841	6,167	5,416	2,719	3,196	2,692	3,782	3,718	7,892	9,370	8,116	10,148	14,830
Payable to major operator
-	-	-	-	-	-	-	-	-	-	2,442	2,667	2,923	2,710	2,394	3,302	2,976	4,159	-	-	-	5,189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent ownership interests
-	-	-	-	-	-	-	-	-	-	1,557	1,518	1,383	1,430	4,582	3,593	4,011	3,108	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	392	748	1,176	743	-	-	-	1,775	-	-	-	2,252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party payable
-	-	-	-	-	-	0	0	0	50	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued compensation and benefits
31	191	28	34	66	63	401	620	82	65	69	63	61	49	62	51	280	1,352	-	-	-	511	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance premium finance note payable
174	-	35	89	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current lease obligation
59	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of credit facility
-	-	-	-	-	937	937	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities from derivative contracts
-	-	-	-	-	-	37	24	107	161	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	-	-	-	0	0	-	0	0	6,000	6,000	6,000	6,000	6,000	6,000	-	-	-	0	-	-	-	-	200	200	200	200	200	200	200	200	200	200	200
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,194	504	483	-	760	518	423	580	482	435	314	295	460	418	343	501	649	801	1,669
Commodity risk management liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	335	63	-	0	677	439	280	647	36	145	0	0	0	758	601	0	827	1,725
Current portion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9,888	9,978	10,022	10,335	10,208	10,147	10,241	10,350	10,236	323
Other current liabilities
-	-	56	55	53	-	-	-	-	-	-	-	-	-	-	-	-	16	72	70	79	14	144	129	143	164	69	60	49	44	38	41	24	24	76	55	16
Total current liabilities
1,279	1,223	1,341	1,308	1,307	1,670	1,765	1,073	653	1,583	4,460	4,996	11,543	10,932	14,010	14,162	14,857	16,614	15,600	15,605	9,504	8,154	5,842	5,533	6,846	7,191	6,814	13,338	13,882	13,253	14,815	14,585	19,364	20,937	19,391	22,267	18,763
Noncurrent liabilities:
Credit facility
-	-	-	-	-	-	0	937	937	937	6,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	6,000	6,000	8,000	8,000	11,000	9,000	7,000	10,000	10,000	10,000	8,200	5,200	200	12,200	11,400	3,400	400
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	732	744	1,189	3,845	3,142	5,015
Asset retirement obligations
988	819	944	938	930	939	932	925	919	913	1,069	1,061	1,053	1,045	1,063	1,054	1,047	1,038	1,230	1,218	1,178	945	1,084	959	898	812	775	741	706	686	668	619	564	510	454	447	303
Warrant liability
79	73	206	183	417	425	722	1,010	930	1,200	580	510	690	1,030	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term lease obligation, net of current portion
127	142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
6	-	-	-	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	158	173	188	-	26	27	28	22	6	0	1	2	3	173	4	5	551	955	1,010	1,029	1,106	716	718	741	746	734	742	771	785	795	809	822	899	895	847
Total noncurrent liabilities
1,200	1,034	1,308	1,294	1,535	1,389	1,680	2,899	2,814	3,072	7,655	7,571	1,744	2,077	1,066	1,227	1,051	1,043	1,781	2,173	8,188	7,974	10,190	-	-	10,553	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
2,479	2,257	-	-	-	3,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies (Note 8)
-	-	-	-	-	-	0	0	0	-	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
Preferred stock: Authorized 100,000 shares, 50,000 shares of Series A Convertible (par value $0.01) issued and outstanding; liquidation preference of $3,328 and $3,228 as of March 31, 2020 and December 31, 2019, respectively
2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity:
Preferred stock, par value $0.01 per share. Authorized 100,000 shares, 50,000 shares of Series A Convertible Preferred Stock as of 6/30/2018; liquidation preference of $2,685 as of 6/30/2018 and $2,527 as of 12/31/2017.
-	-	-	-	-	-	-	1	1	-	1	1	1	1	1	1	1	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, $0.01 par value; unlimited shares authorized; 1,399,754 and 1,340,583 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
14	13	134	134	134	13	134	131	124	118	61	61	61	61	51	47	282	282	281	280	280	280	279	279	278	277	277	277	277	277	275	275	274	274	273	272	271
Additional paid-in capital
137,156	136,876	136,749	136,740	136,727	136,835	136,701	138,174	137,515	134,632	127,864	127,787	-	127,576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	127,681	-	127,393	127,197	126,931	124,898	124,344	124,203	124,095	123,980	123,721	123,600	123,542	123,510	123,249	123,189	123,133	123,078	122,772	122,707	122,645	122,523	121,968	121,616	121,062
Accumulated deficit
-127,985	-127,679	-127,375	-127,094	-127,114	-127,129	-127,038	-127,506	-125,429	-125,186	-124,611	-124,229	-124,565	-123,825	-124,788	-124,523	-120,307	-109,705	-70,443	-46,792	-40,512	-16,809	-14,475	-14,412	-14,468	-14,718	-13,498	-12,664	-13,237	-7,339	590	2,536	3,525	3,906	6,697	6,429	8,713
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-903	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive loss
-	-	-	-	-	-	-	-	-981	-	-537	-379	-140	-55	921	927	-	0	-61	-51	-56	-56	-46	-41	-37	-12	-7	1	62	101	81	141	96	78	129	367	642
Total shareholders' equity
9,185	9,210	9,508	9,780	9,746	9,719	9,797	10,800	11,230	8,661	2,778	3,241	3,038	3,758	3,578	3,649	6,907	15,475	54,121	77,640	83,807	107,395	109,479	109,426	109,315	109,057	110,021	110,803	110,235	116,117	123,718	125,659	126,540	126,781	129,067	128,684	130,688
Total liabilities, preferred stock and shareholders' equity
13,664	13,467	14,157	14,382	14,589	14,778	15,242	14,772	14,697	15,316	14,893	15,808	16,325	16,767	18,654	19,038	22,815	33,132	71,502	95,418	101,499	123,523	125,511	124,634	128,777	126,801	125,356	135,616	135,565	140,827	148,186	147,283	148,221	162,439	165,056	158,835	156,016