v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (14,374) $ (25,633)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion, accretion, and amortization 3,607 8,254
Impairment of oil and natural gas properties 3,628 11,918
Deferred income taxes 0 (16)
Total commodity derivatives gains, net 0 (537)
Commodity derivative settlements received 0 2,381
(Gains) losses on marketable equity securities (15) 33
Loss on sale of assets 411 4,978
Amortization of debt issuance costs 104 49
Stock-based compensation 1,853 1,268
Right of use asset amortization 173 165
Changes in operating assets and liabilities:    
Oil and natural gas sales receivable 844 1,038
Other assets 198 (89)
Accounts payable and accrued liabilities (1,994) 1,207
Accrued compensation and benefits (796) 148
Revenue and royalties payable (485) (21)
Payments on operating lease liability (196) (182)
Settlements of asset retirement obligations (96) (374)
Net cash (used in) provided by operating activities (7,138) 4,587
Cash flows from investing activities:    
Acquisition of industrial gas properties (2,128) (2,578)
Proceeds from sale of oil and natural gas properties, net 194 13,541
Sale of real estate and other, net 0 128
Net cash (used in) provided by investing activities: (11,882) 5,768
Cash flows from financing activities:    
Borrowings on credit facility 2,500 2,000
Payments on credit facility 0 (7,000)
Payments on insurance premium finance note 0 (62)
Debt and equity financing costs (386) 0
Shares withheld to settle tax withholding obligations for restricted stock awards (375) (133)
Related party share repurchase (1,574) 0
Proceeds from underwritten offering 11,877 0
Repurchases of common stock (316) (788)
Net cash provided by (used in) financing activities 11,726 (5,983)
Net (decrease) increase in cash and equivalents (7,294) 4,372
Cash and equivalents, beginning of year 7,723 3,351
Cash and equivalents, end of year 429 7,723
Industrial Gas Properties [Member]    
Cash flows from investing activities:    
Capital expenditures (9,863) (3,908)
Oil and Natural Gas Properties [Member]    
Cash flows from investing activities:    
Capital expenditures $ (86) $ (1,415)