Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 9,608,000	$ 8,313,000
Cash and cash equivalents – restricted	1,604,000	1,549,000
Prepaid expenses and other (see Note 2H)	1,346,000	1,554,000
Governmental receivables	551,000	100,000
Loan due from related party (see Note 2G)	0	8,000
Other receivables	6,000	5,000
Total current assets	13,115,000	11,529,000
Unproved oil and gas properties, full cost method (see Note 4)	33,199,000	27,673,000
Drilling rig and related equipment, net of accumulated depreciation of $4,022 and $3,521 (see Note 2J)	6,736,000	5,240,000
Operating lease assets	1,049,000	1,176,000
Other assets
Assets held for severance benefits	738,000	662,000
Total other assets	738,000	662,000
Total assets	54,837,000	46,280,000
Current liabilities
Accounts payable	1,752,000	1,053,000
Current operating lease liabilities	154,000	130,000
Asset retirement obligation	571,000	571,000
Accrued liabilities	909,000	504,000
Total current liabilities	3,386,000	2,258,000
Long-term liabilities
Non-current operating lease liabilities	909,000	932,000
Provision for severance pay	742,000	662,000
Total long-term liabilities	1,651,000	1,594,000
Total liabilities	5,037,000	3,852,000
Commitments and contingencies (see Note 6)
Stockholders’ equity
Common stock, par value $.01; Authorized: 1,600,000,000 shares at June 30, 2026: Issued and outstanding: 1,190,034,995 and 1,156,476,572 shares at June 30, 2026 and December 31, 2025, respectively	11,900,000	11,565,000
Additional paid-in capital	343,799,000	332,421,000
Stock subscription receivable	(237,000)	(29,000)
Accumulated deficit	(305,662,000)	(301,529,000)
Total stockholders’ equity	49,800,000	42,428,000
Total liabilities and stockholders’ equity	54,837,000	46,280,000
Drilling Rig and Related Equipment [Member]
Current assets
Drilling rig and related equipment, net of accumulated depreciation of $4,022 and $3,521 (see Note 2J)	6,644,000	5,155,000
Property and Equipment [Member]
Current assets
Drilling rig and related equipment, net of accumulated depreciation of $4,022 and $3,521 (see Note 2J)	$ 92,000	$ 85,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).