Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 1,680 $ 769
Securities available-for-sale 601 4,230
Accounts receivable 16 46
Prepaid and other assets 2,087 2,023
Current assets held for sale 26,042 1,514
Total current assets 30,426 8,582
PROPERTY AND EQUIPMENT, NET (SUCCESSFUL EFFORTS METHOD):    
Unproved oil and gas properties 32 38
Wells in progress 337 350
Land, buildings, and equipment (net of accumulated depreciation of $517 and $463 as of June 30, 2016, and 2015, respectively) 86 139
Property and equipment held for sale 0 36,546
Net property and equipment 455 37,073
OTHER NON-CURRENT ASSETS:    
Goodwill, net 500 500
Other long-term assets 169 169
Long-term assets held for sale 0 376
Total other non-current assets 669 1,045
Total assets 31,550 46,700
CURRENT LIABILITIES:    
Accounts payable 791 298
Accrued and other liabilities 2,826 2,119
Notes payable 783 0
Current liabilities held for sale 10,638 2,237
Total current liabilities 15,038 4,654
LONG-TERM LIABILITIES:    
Long-term liabilities held for sale 0 8,251
Total long-term liabilities 0 8,251
COMMITMENTS AND CONTINGENCIES
Series A convertible preferred stock (par value $0.01per share): Authorized 28,000,000 shares, issued 22,293,295 shares 23,501 25,850
STOCKHOLDERS' (DEFICIT) EQUITY:    
Common stock (par value $0.01 per share): Authorized 300,000,000 shares, issued 6,972,023 and 6,917,027 as of June 30, 2016, and 2015, respectively 70 69
Treasury stock (at cost): 1,209,389 shares as of June 30, 2016, and 2015 (9,806) (9,806)
Capital in excess of par value 94,069 93,386
Accumulated deficit (96,234) (81,006)
Accumulated other comprehensive income 4,912 5,302
Total stockholders' (deficit) equity (6,989) 7,945
Total liabilities, preferred stock and stockholders' (deficit) equity 31,550 46,700
Series A Convertible Preferred Stock    
LONG-TERM LIABILITIES:    
Series A convertible preferred stock (par value $0.01per share): Authorized 28,000,000 shares, issued 22,293,295 shares $ 23,501 $ 25,850