Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.4.0.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Jun. 30, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 131 $ 769
Securities available-for-sale 601 4,230
Accounts receivable 12 46
Inventories 323 354
Prepaid and other assets 2,123 2,022
Current assets held for sale 24,248 1,161
Total current assets 27,438 8,582
PROPERTY AND EQUIPMENT, NET (SUCCESSFUL EFFORTS METHOD):    
Unproved oil and gas properties 219 240
Wells in progress 1,029 1,100
Land, buildings, and equipment (net of accumulated depreciation of $505 and $462 as of March 31, 2016, and June 30, 2015, respectively) 98 140
Property and equipment held for sale 0 35,593
Net property and equipment 1,346 37,073
OTHER NON-CURRENT ASSETS:    
Goodwill, net 500 500
Other long-term assets 169 169
Other classes of assets that are not major 0 376
Total other non-current assets 669 1,045
Total assets 29,453 46,700
CURRENT LIABILITIES:    
Accounts payable 1,508 784
Accrued and other liabilities 2,725 2,119
Notes payable 273 0
Current liabilities held for sale 9,976 1,751
Total current liabilities 14,482 4,654
LONG-TERM LIABILITIES:    
Long term liabilities held for sale 0 8,251
Total long-term liabilities $ 0 $ 8,251
COMMITMENTS AND CONTINGENCIES
PREFERRED STOCK    
Total preferred stock $ 23,501 $ 25,850
(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 March 31, 2016, and June 30, 2015, respectively 70 69
Treasury stock (at cost): 1,209,389 and 1,209,389 shares as of March 31, 2016, and June 30, 2015, respectively (9,806) (9,806)
Capital in excess of par value 93,886 93,386
Accumulated deficit (97,598) (81,006)
Accumulated other comprehensive income 4,918 5,302
Total (deficit) equity (8,530) 7,945
Total liabilities, preferred stock and (deficit) equity 29,453 46,700
Series A Convertible Preferred Stock    
PREFERRED STOCK    
Total preferred stock $ 23,501 $ 25,850