Note 14 - Other Current Assets and Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2025

14. OTHER CURRENT ASSETS AND ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Other Current Assets

The following table presents the components of other current assets as of the dates indicated:

	*December 31,*
	*2025*			*2024*
	(in thousands)
Prepaid expense	$	164		$	119
Joint interest billings receivable, net of allowance of $380 and $100 as of December 31, 2025 and 2024, respectively		(31	)		378
Income tax receivable		28			28
Deferred offering costs		776			-
Other		19			47

Total other current assets	$	956		$	572

Accounts Payable and Accrued Liabilities.

The following table presents the components of accounts payable and accrued liabilities as of the dates indicated:

	*December 31,*
	*2025*		*2024*
	(in thousands)
Accounts payable	$	837	$	2,197
Operating expense accruals		499		2,417
Interest payable		26		172
Production taxes payable		95		653
Other		81		27

Total accounts payable and accrued expenses	$	1,538	$	5,466