2017 Q4 Form 10-K Financial Statement

#000156761919007789 Filed on March 28, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $1.301M $1.035M $1.138M
YoY Change
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 $210.0K
YoY Change
% of Gross Profit
Operating Expenses $1.385M
YoY Change
Operating Profit -$350.0K
YoY Change
Interest Expense $16.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$11.00K
YoY Change
Pretax Income -$361.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$315.0K
YoY Change
Net Earnings / Revenue -30.43%
Basic Earnings Per Share $0.01 -$0.03 -$0.02
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 10.61M 10.61M
Diluted Shares Outstanding 10.61M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $185.0K $290.0K
Short-Term Investments
Other Short-Term Assets $134.0K
YoY Change
Inventory $541.0K
Prepaid Expenses $130.0K
Receivables $517.0K
Other Receivables
Total Short-Term Assets $1.494M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $135.0K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000K
YoY Change
Total Long-Term Assets $6.611M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.494M
Total Long-Term Assets $6.611M
Total Assets $8.105M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.0K
YoY Change
Accrued Expenses $187.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $41.00K
YoY Change
Total Short-Term Liabilities $611.0K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $49.00K
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $49.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $611.0K
Total Long-Term Liabilities $49.00K
Total Liabilities $2.930M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$53.09M
YoY Change
Common Stock $11.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.175M
YoY Change
Total Liabilities & Shareholders Equity $8.105M
YoY Change

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$315.0K
YoY Change
Depreciation, Depletion And Amortization $210.0K
YoY Change
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

Facts In Submission

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<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;">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; Revenue from the top t</font><font style="display: inline;color:#000000;">wo</font><font style="display: inline;color:#000000;"> purchasers accounted for </font><font style="display: inline;color:#000000;">84.6%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">14.8%</font><font style="display: inline;color:#000000;"> of total revenues for year ended December 31, 2017.&nbsp; As of December 31, 2018 and 2017, two of the Company&#x2019;s oil purchasers accounted for </font><font style="display: inline;color:#000000;">93.2%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">89.7%</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;">84.4%</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">74.4%</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;">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>
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616000
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
592000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance Current
DeferredTaxAssetsValuationAllowanceCurrent
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
12067000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
11476000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
163000
CY2017 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
796000
CY2018 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
722000
CY2017 us-gaap Depreciation
Depreciation
66000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
862000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
795000
CY2018 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, 2018 and 2017, the Company did not have any open derivatives.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
1497000
CY2017Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
CY2018Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
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
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2016 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
35000
CY2017 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
123000
CY2018 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
798000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
134000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-42000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1635000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-179000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1023000
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
27253000
CY2017Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
39889000
CY2018Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
65871000
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
553000
CY2017Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
1586000
CY2018Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
2833000
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
10430000
CY2017Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
14960000
CY2018Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
27161000
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
16270000
CY2017Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
23343000
CY2018Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
35877000
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4615000
CY2017Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
6790000
CY2018Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
13185000
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2000
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
33000
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2000
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33000
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1171000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1245000
CY2017 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2018 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-170000
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-603000
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-230000
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-361000
CY2017Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
158000
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
133000
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
CY2018Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-88000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-845000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
425000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1337000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
113000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1293000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9484000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
611000
CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.06
CY2018 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
29000
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
CY2018Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
260000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-242000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-574000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-5256000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-591000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
5319000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-278000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
326000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
14000
CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
152000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-42000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
95000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-78000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-58000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
318000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-96000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-73000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-64000
CY2017 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-53000
CY2018 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-25000
CY2016 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
196000
CY2017 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-228000
CY2018 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
78000
CY2016 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
CY2017 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
CY2018 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-203000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28000
CY2016 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
CY2017 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
CY2018 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
143000
CY2017 us-gaap Interest Expense
InterestExpense
53000
CY2018 us-gaap Interest Expense
InterestExpense
5000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
33000
CY2017Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
436000
CY2018Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
359000
CY2017Q4 us-gaap Inventory Net
InventoryNet
541000
CY2018Q4 us-gaap Inventory Net
InventoryNet
464000
CY2017Q4 us-gaap Liabilities
Liabilities
2930000
CY2018Q4 us-gaap Liabilities
Liabilities
2717000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8105000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
1569000
CY2016 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-863000
CY2017 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
1780000
CY2018 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
4304000
CY2017Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
135000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
548000
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
43000
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
90000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
124000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
41000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
51000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
51000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
26000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
47000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
49000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
73000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42000
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-51000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
185000
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
984000
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1722000
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
5704000
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
6503000
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
4720000
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
4804000
CY2017 us-gaap Operating Expenses
OperatingExpenses
5477000
CY2018 us-gaap Operating Expenses
OperatingExpenses
5631000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-794000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
240000
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
35600000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
401000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000
CY2017 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
7000
CY2018 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
7000
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
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
376000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
190000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4000
CY2018 us-gaap Other Income
OtherIncome
159000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
157000
CY2017 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
9000
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
102000
CY2017 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
17000
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
27000
CY2017 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
169000
CY2018 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1011000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
130000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
235000
CY2016 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
CY2017 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
CY2018 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
210000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2699000
CY2017 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
47
CY2018 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
86
CY2017 us-gaap Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
CY2018 us-gaap Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
CY2016Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
730
CY2017Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
870
CY2018Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1094
CY2017 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
102
CY2018 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
98
CY2017 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
CY2018 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
13
CY2017 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
195
CY2018 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
223
CY2017 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.18
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
16875
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
8.40
CY2018 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
1558000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51520000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4683000
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
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2018 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
CY2018 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>
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
2854000
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
142000
CY2017 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
796000
CY2018 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
722000
CY2017 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
3444000
CY2018 us-gaap Results Of Operations Expense Other
ResultsOfOperationsExpenseOther
3591000
CY2017 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
443000
CY2017 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
4683000
CY2018 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
5871000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-53089000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5871000
CY2017Q1 us-gaap Revenues
Revenues
1209000
CY2017 us-gaap Revenues
Revenues
4683000
CY2017Q2 us-gaap Revenues
Revenues
1138000
CY2017Q3 us-gaap Revenues
Revenues
1035000
CY2017Q4 us-gaap Revenues
Revenues
1301000
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
CY2016 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-412000
CY2017 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
1611000
CY2018 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
2180000
CY2016 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2037000
CY2017 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
1239000
CY2018 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2611000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
37500
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
CY2017Q4 us-gaap Secured Debt Other
SecuredDebtOther
90000
CY2018Q4 us-gaap Secured Debt Other
SecuredDebtOther
124000
CY2017 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
1000
CY2018 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
7000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
14000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
23000
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
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
30000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16875
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.73
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.18
CY2017 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
13125
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.70
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.73
CY2017 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 Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2018Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.95
CY2016 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
639000
CY2017 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
472000
CY2018 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
708000
CY2015Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
8287000
CY2016Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5815000
CY2017Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
8170000
CY2018Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
13976000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3278000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
5175000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
6767000
CY2016Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.1
CY2017 us-gaap Stock Issued1
StockIssued1
140000
CY2018 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
100000
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2457000
CY2018 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>
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10081218
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10628170
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10081218
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10628170
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10081218
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10628170

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