Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2016
Jun. 30, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 507 $ 1,680
Securities available-for-sale 1,542 601
Accounts receivable 58 16
Prepaid and other assets 1,960 2,087
Current assets held for sale (Note 5) 0 26,042
Total current assets 4,067 30,426
PROPERTY AND EQUIPMENT, NET (SUCCESSFUL EFFORTS METHOD):    
Unproved oil and gas properties 29 32
Wells in progress 332 337
Land, buildings, and equipment (net of accumulated depreciation of $536 and $517 as of December 31, 2016, and June 30, 2016, respectively) 69 86
Net property and equipment 430 455
OTHER NON-CURRENT ASSETS:    
Goodwill, net 500 500
Other long-term assets 19 169
Total other non-current assets 519 669
Total assets 5,016 31,550
CURRENT LIABILITIES:    
Accounts payable 478 791
Accrued and other liabilities 2,538 2,826
Notes payable 31 783
Current liabilities held for sale (Note 5) 0 10,638
Total current liabilities 3,047 15,038
COMMITMENTS AND CONTINGENCIES (Note 17)
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 December 31, 2016, and June 30, 2016, respectively 71 70
Treasury stock (at cost): 1,209,389 shares as of December 31, 2016, and June 30, 2016 (9,806) (9,806)
Capital in excess of par value 104,557 94,069
Accumulated deficit (98,126) (96,234)
Accumulated other comprehensive income 5,273 4,912
Total stockholders' equity (deficit) 1,969 (6,989)
Total liabilities, preferred stock and stockholders' equity (deficit) 5,016 31,550
Series A Convertible Preferred Stock    
PREFERRED STOCK    
Total preferred stock $ 0 $ 23,501