v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 5,127,000 $ 3,641,000
Restricted cash 270,000 270,000
Accounts receivable 2,231,000 2,041,000
Income tax receivable 54,000 132,000
Other short-term investments 752,000 252,000
Total Current Assets 8,434,000 6,336,000
Property and Equipment - at cost    
Oil and gas properties (full cost method) 27,231,000 27,568,000
Rental equipment 465,000 465,000
Gas gathering system 115,000 115,000
Other property and equipment 479,000 479,000
  28,290,000 28,627,000
Accumulated depreciation and amortization (27,031,000) (26,916,000)
Total Property and Equipment 1,259,000 1,711,000
Real Estate Property - at cost    
Land 688,000 688,000
Commercial office building 1,925,000 1,925,000
Accumulated depreciation (1,404,000) (1,371,000)
Total Real Estate Property 1,209,000 1,242,000
Other Assets    
Deferred Income Tax Asset 473,000 569,000
Other long-term investments 16,651,000 17,590,000
Other 3,000 3,000
Total Other Assets 17,127,000 18,162,000
Total Assets 28,029,000 27,451,000
Current Liabilities    
Accounts payable and accrued liabilities 6,220,000 6,740,000
Total Current Liabilities 6,220,000 6,740,000
Noncurrent Liabilities    
Other long-term liabilities 593,000 500,000
Asset retirement obligation 5,883,000 5,883,000
Total Noncurrent Liabilities 6,476,000 6,383,000
Total Liabilities 12,696,000 13,123,000
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized; 7,677,471 shares issued and 6,598,303 outstanding at June 30, 2026, and 6,598,370 outstanding at December 31, 2025. 77,000 77,000
Additional paid-in capital 943,000 943,000
Treasury stock, at cost (2,270,000) (2,270,000)
Retained earnings 16,583,000 15,578,000
Total Shareholders' Equity 15,333,000 14,328,000
Total Liabilities and Shareholders' Equity $ 28,029,000 $ 27,451,000