Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Jun. 30, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 892 $ 1,680
Securities available-for-sale 1,898 601
Accounts receivable 56 16
Prepaid and other assets 2,028 2,087
Current assets held for sale 0 26,042
Total current assets 4,874 30,426
PROPERTY AND EQUIPMENT, NET (SUCCESSFUL EFFORTS METHOD):    
Unproved oil and gas properties 31 32
Wells in progress 335 337
Land, buildings, and equipment (net of accumulated depreciation of $528 and $517 as of September 30, 2016, and June 30, 2016, respectively) 78 86
Net property and equipment 444 455
OTHER NON-CURRENT ASSETS:    
Goodwill, net 500 500
Other long-term assets 19 169
Total other non-current assets 519 669
Total assets 5,837 31,550
CURRENT LIABILITIES:    
Accounts payable 519 791
Accrued and other liabilities 2,583 2,826
Notes payable 104 783
Current liabilities held for sale 0 10,638
Total current liabilities 3,206 15,038
PREFERRED STOCK    
Total preferred stock 0 23,501
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock (par value $0.01 per share): Authorized 300,000,000 shares, issued 7,088,999 and 6,972,023 shares as of September 30, 2016, and June 30, 2016, respectively 71 70
Treasury stock (at cost): 1,209,389 shares as of September 30, 2016, and June 30, 2016 (9,806) (9,806)
Capital in excess of par value 104,547 94,069
Accumulated deficit (97,599) (96,234)
Accumulated other comprehensive income 5,418 4,912
Total stockholders' equity (deficit) 2,631 (6,989)
Total liabilities, preferred stock and stockholders' equity (deficit) 5,837 31,550
Series A Convertible Preferred Stock    
PREFERRED STOCK    
Total preferred stock $ 0 $ 23,501