2018 Q4 Form 10-K Financial Statement

#000114036120007405 Filed on March 30, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $1.375M $1.654M $1.475M
YoY Change 5.69% 59.81% 29.61%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.0K
YoY Change 4.29%
% of Gross Profit
Operating Expenses $1.369M
YoY Change -1.16%
Operating Profit $285.0K
YoY Change -181.43%
Interest Expense $1.000K
YoY Change -93.75%
% of Operating Profit 0.35%
Other Income/Expense, Net $13.00K
YoY Change -218.18%
Pretax Income $298.0K
YoY Change -182.55%
Income Tax
% Of Pretax Income
Net Earnings $298.0K $109.0K
YoY Change -194.6%
Net Earnings / Revenue 18.02% 7.39%
Basic Earnings Per Share -$0.01 $0.03 $0.01
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 10.64M 10.62M 10.62M
Diluted Shares Outstanding 10.62M 10.62M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.115M $3.402M $3.235M
Short-Term Investments
Other Short-Term Assets $173.0K
YoY Change
Inventory $464.0K $646.0K
Prepaid Expenses $235.0K
Receivables $533.0K $695.0K
Other Receivables
Total Short-Term Assets $4.347M $4.916M
YoY Change 190.96%
LONG-TERM ASSETS
Property, Plant & Equipment $190.0K
YoY Change 40.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000K
YoY Change 0.0%
Total Long-Term Assets $5.137M $5.182M
YoY Change -22.3%
TOTAL ASSETS
Total Short-Term Assets $4.347M $4.916M
Total Long-Term Assets $5.137M $5.182M
Total Assets $9.484M $10.10M
YoY Change 17.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $132.0K $361.0K
YoY Change -27.07%
Accrued Expenses $282.0K
YoY Change 50.8%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $51.00K $60.00K
YoY Change 24.39%
Total Short-Term Liabilities $548.0K $830.0K
YoY Change -10.31%
LONG-TERM LIABILITIES
Long-Term Debt $73.00K $76.00K
YoY Change 48.98%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $73.00K $76.00K
YoY Change 48.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $548.0K $830.0K
Total Long-Term Liabilities $73.00K $76.00K
Total Liabilities $2.717M $3.269M
YoY Change -7.27%
SHAREHOLDERS EQUITY
Retained Earnings -$51.52M -$51.44M
YoY Change -2.96%
Common Stock $11.00K $11.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.767M $6.829M $6.531M
YoY Change
Total Liabilities & Shareholders Equity $9.484M $10.10M
YoY Change 17.01%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $298.0K $109.0K
YoY Change -194.6%
Depreciation, Depletion And Amortization $219.0K
YoY Change 4.29%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2096000
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1923000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10639290
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10658775
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10639290
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10658775
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
11000
CY2018Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
4804000
CY2019Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
4385000
CY2018Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
6503000
CY2019Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
6751000
CY2019Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2366000
CY2018Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
6526000
CY2019Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
6751000
CY2018Q4 us-gaap Assets
Assets
9484000
CY2019Q4 us-gaap Assets
Assets
8922000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
4347000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
4278000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
88000
CY2018Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
1722000
CY2018Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
23000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3115000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
185000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3115000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3055000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2930000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-60000
CY2018 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
2658000
CY2018 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
44000
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019 us-gaap Depreciation
Depreciation
79000
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
442000
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
99000
CY2018Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
298000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
11000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
5000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
102000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
61000
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Concentration of Credit Risk</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable.&nbsp; Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances.</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company&#x2019;s primary business activities include oil sales to a limited number of customers in the state of Kansas.&nbsp; The related trade receivables subject the Company to a concentration of credit risk.&nbsp;&nbsp;The Company sells a majority of its crude oil primarily to </font><font style="display: inline;">two</font><font style="display: inline;"> customers in Kansas.&nbsp; Although management believes that customers could be replaced in the ordinary course of business, if the present customers were to discontinue business with the Company, it may have a significant adverse effect on the Company&#x2019;s results of operations.</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Revenue from the top two purchasers accounted for </font><font style="display: inline;color:#000000;">87.7%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">11.8%</font><font style="display: inline;color:#000000;"> of total revenues for year ended December 31, 2019.&nbsp; Revenue from the top two purchasers accounted for </font><font style="display: inline;color:#000000;">85.6%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">13.8%</font><font style="display: inline;color:#000000;"> of total revenues for year ended December 31, 2018.&nbsp; As of December 31, 2019 and 2018, two of the Company&#x2019;s oil purchasers accounted for </font><font style="display: inline;color:#000000;">86.0%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">93.2%</font><font style="display: inline;color:#000000;">, respectively of accounts receivable, of which one oil purchaser accounted for </font><font style="display: inline;color:#000000;">76.9%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">84.4%</font><font style="display: inline;color:#000000;">, respectively.</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">The amounts above exclude revenues and accounts receivable associated with Discontinued Operations.&nbsp;&nbsp;(see Note 5. Discontinued Operations)</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
1020000
CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
512000
CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
164000
CY2018 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
23000
CY2019 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
14000
CY2018 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
243000
CY2019 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
7000
CY2018 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
590000
CY2019 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
491000
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
130000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
65000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9675000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9119000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
45000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
36000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
130000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
65000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
592000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
500000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11476000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
163000
CY2018 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
722000
CY2019 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
637000
CY2018 us-gaap Depreciation
Depreciation
73000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
795000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
716000
CY2019 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Derivative Financial Instruments</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company uses derivative instruments to manage our exposure to commodity price risk on sales of oil production.&nbsp; The Company does not enter into derivative instruments for speculative trading purposes.&nbsp; The Company presents the fair value of derivative contracts on a net basis where the right to offset is provided for in our counterparty agreements.&nbsp; As of December 31, 2019 and 2018, the Company did </font><font style="display: inline;">not</font><font style="display: inline;"> have any open derivatives.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
41000
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
104000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
65000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
39000
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
53000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
79000
CY2018Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-88000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-96000
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-436000
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9000
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-182000
CY2019Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-167000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
425000
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10M24D
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
33000
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
45000
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33000
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
45000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1245000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1302000
CY2018 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
133000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-464000
CY2018 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28000
CY2019 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.04
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1127000
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.11
CY2019Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
130000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-591000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-771000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
326000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-99000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
152000
CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-40000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
95000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
321000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-58000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
63000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-96000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-41000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-64000
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-123000
CY2018 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-25000
CY2019 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-76000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
68000
CY2018 us-gaap Interest Expense
InterestExpense
5000
CY2019 us-gaap Interest Expense
InterestExpense
10000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
5000
CY2018Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
359000
CY2019Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
415000
CY2018Q4 us-gaap Inventory Net
InventoryNet
464000
CY2019Q4 us-gaap Inventory Net
InventoryNet
415000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
42000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
42000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1000
CY2018Q4 us-gaap Liabilities
Liabilities
2717000
CY2019Q4 us-gaap Liabilities
Liabilities
2574000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9484000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8922000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
548000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
610000
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
124000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
51000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
73000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-42000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-53000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1635000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-233000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1023000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-233000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1337000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
226000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1293000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
226000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
1569000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-436000
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
41000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
185000
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1722000
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
2366000
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
6503000
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
6751000
CY2018 us-gaap Operating Expenses
OperatingExpenses
5631000
CY2019 us-gaap Operating Expenses
OperatingExpenses
5416000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
240000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-505000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
62000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
62000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8M12D
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
33800000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4000
CY2018 us-gaap Other Income
OtherIncome
159000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
157000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
27000
CY2019 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2000
CY2018 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1011000
CY2019 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
437000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
235000
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
247000
CY2018Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
190000
CY2018Q4 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
0
CY2019Q4 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
0
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000
CY2018 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
7000
CY2019 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
56000
CY2018Q1 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
2650000
CY2018 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
8000
CY2019 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
150000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
376000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
378000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
190000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
149000
CY2019Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
149000
CY2019 us-gaap Reclassifications
Reclassifications
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Reclassifications</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Certain prior year amounts have been reclassified to conform to current year presentation with no effect on net income.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
142000
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
53000
CY2019 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
0
CY2018 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
722000
CY2019 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
637000
CY2018 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
3591000
CY2019 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
3398000
CY2018 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
1558000
CY2019 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
876000
CY2018 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
5871000
CY2019 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
4911000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51520000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51956000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9375
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.73
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.18
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5871000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4911000
CY2018Q1 us-gaap Revenues
Revenues
1367000
CY2018 us-gaap Revenues
Revenues
5871000
CY2018Q2 us-gaap Revenues
Revenues
1475000
CY2018Q3 us-gaap Revenues
Revenues
1654000
CY2018Q4 us-gaap Revenues
Revenues
1375000
CY2019Q1 us-gaap Revenues
Revenues
1171000
CY2019 us-gaap Revenues
Revenues
4911000
CY2019Q2 us-gaap Revenues
Revenues
1390000
CY2019Q3 us-gaap Revenues
Revenues
1215000
CY2019Q4 us-gaap Revenues
Revenues
1135000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
98000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.18
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
9375
CY2018Q4 us-gaap Secured Debt Other
SecuredDebtOther
124000
CY2018 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
7000
CY2019 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
12000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
23000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
17000
CY2008Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3500000
CY2000Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7000000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16875
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
9375
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.18
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.18
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
13125
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
7500
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.43
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.43
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16875
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10628170
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10651342
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2019Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.49
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
5175000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
6767000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
6348000
CY2016Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.1
CY2019 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
100000
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Use of Estimates</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The accompanying consolidated financial statements are prepared in conformity with U.S. GAAP which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods.&nbsp; Significant estimates include reserve quantities and estimated future cash flows associated with proved reserves, which significantly impact depletion expense and potential impairments of oil and natural gas properties, income taxes and the valuation of deferred tax assets, stock-based compensation and commitments and contingencies.&nbsp; We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10628170
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10651342
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10628170
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10651342

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