| Dec'18 | Dec'17 | Dec'16 | Dec'15 | |||
|---|---|---|---|---|---|---|
REVENUES: | ||||||
Sales of natural gas and crude oil | ||||||
21,471 | 25,443 | - | - | |||
Sales of natural gas and crude oil | ||||||
- | - | 14,772 | 18,628 | |||
EXPENSES: | ||||||
Lease operating and production costs | ||||||
10,561 | 11,037 | - | - | |||
Lease operating and production costs | ||||||
- | - | 5,563 | 7,643 | |||
General and administrative - stock-based compensation | ||||||
582 | 2,381 | 1,731 | 933 | |||
General and administrative - other | ||||||
6,138 | 6,934 | 12,727 | 6,865 | |||
Deposit forfeiture | ||||||
-275 | 0 | - | - | |||
Depreciation, depletion and amortization | ||||||
8,539 | 10,955 | 8,239 | 17,139 | |||
Asset retirement obligation accretion expense | ||||||
560 | 557 | 254 | 175 | |||
Impairment of oil and gas properties | ||||||
7,049 | 0 | 20,654 | 40,479 | |||
Impairment of other property and equipment | ||||||
794 | 0 | - | - | |||
Impairment of oil and gas properties | ||||||
- | - | - | 0 | |||
Bad debt expense | ||||||
433 | 335 | - | - | |||
Other | ||||||
- | - | - | 8 | |||
Bad debt expense | ||||||
- | - | 556 | - | |||
Total expenses | ||||||
34,385 | 32,201 | 49,728 | 73,245 | |||
LOSS FROM OPERATIONS | ||||||
-12,914 | -6,757 | -34,955 | -54,617 | |||
OTHER INCOME (EXPENSE): | ||||||
Net losses from commodity derivatives | ||||||
-415 | 2,554 | -3,775 | 3,319 | |||
Interest expense | ||||||
2,313 | 1,734 | 659 | 577 | |||
Gain (loss) on other property and equipment | ||||||
0 | 484 | -838 | - | |||
Other, net | ||||||
88 | 60 | 55 | 20 | |||
Total other expense | ||||||
-2,640 | 1,365 | -5,217 | 2,762 | |||
LOSS BEFORE INCOME TAXES | ||||||
-15,554 | -5,392 | -40,173 | -51,855 | |||
Income tax expense - deferred | ||||||
0 | 0 | - | - | |||
Income tax expense - current | ||||||
- | - | - | 6 | |||
Income tax expense - deferred | ||||||
- | - | 1,425 | 10,454 | |||
NET LOSS | ||||||
-15,554 | -5,392 | -41,599 | -62,315 | |||
PREFERRED STOCK: | ||||||
Dividends paid in kind | ||||||
1,515 | 1,413 | 1,323 | 1,230 | |||
Loss on retirement of DPAC Series "A" Preferred Stock | ||||||
- | - | 271 | 0 | |||
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | ||||||
-17,070 | -6,806 | -42,651 | -63,546 | |||
LOSS PER COMMON SHARE: | ||||||
Basic | ||||||
-0.74 | -0.46 | -5.13 | -8.58 | |||
Diluted | ||||||
-0.74 | -0.46 | -5.13 | -8.58 | |||
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||||||
Basic | ||||||
23,023 | 14,815 | 8,317 | 7,409 | |||
Diluted | ||||||
23,023 | 14,815 | 8,317 | 7,409 | |||