CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Oil and gas revenues | $ 1,806,000 | $ 876,000 | $ 2,987,000 | $ 1,928,000 |
| Revenue from lease operations | 41,000 | 48,000 | 82,000 | 91,000 |
| Gas gathering, compression, equipment rental | 19,000 | 26,000 | 43,000 | 44,000 |
| Real estate rental income | 67,000 | 71,000 | 131,000 | 142,000 |
| Other | 11,000 | 19,000 | 22,000 | 30,000 |
| Total Revenues | 1,944,000 | 1,040,000 | 3,265,000 | 2,235,000 |
| Expenses | ||||
| Lease operations | 353,000 | 297,000 | 557,000 | 587,000 |
| Production taxes, gathering and marketing | 187,000 | 140,000 | 345,000 | 281,000 |
| Pipeline and rental operations | 4,000 | 13,000 | 7,000 | 26,000 |
| Real estate operations | 21,000 | 24,000 | 48,000 | 49,000 |
| Depreciation and amortization | 52,000 | 142,000 | 148,000 | 188,000 |
| General and administrative | 598,000 | 692,000 | 1,310,000 | 1,413,000 |
| Total Expenses | 1,215,000 | 1,308,000 | 2,415,000 | 2,544,000 |
| Income (Loss) from operations | 729,000 | (268,000) | 850,000 | (309,000) |
| Other Revenue | ||||
| Interest Income | 161,000 | 212,000 | 329,000 | 420,000 |
| Total Other Revenue and Expense | 161,000 | 212,000 | 329,000 | 420,000 |
| Income (Loss) before income tax | 890,000 | (56,000) | 1,179,000 | 111,000 |
| Current income tax provision | 78,000 | 1,000 | 78,000 | 14,000 |
| Deferred income tax provision | 65,000 | 13,000 | 96,000 | 17,000 |
| Total income tax provision | 143,000 | 14,000 | 174,000 | 31,000 |
| Net Income (Loss) | $ 747,000 | $ (70,000) | $ 1,005,000 | $ 80,000 |
| Earnings (Loss) per Share of Common Stock Basic and Diluted | $ 0.11 | $ (0.01) | $ 0.15 | $ 0.01 |
| Weighted Average Shares Outstanding Basic and diluted | 6,598,303 | 6,693,271 | 6,598,325 | 6,716,478 |
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- Definition Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of cost of sales related to investments in real estate partnerships and variable interest entities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Income earned by providing the use of assets to an outside party in exchange for a payment or series of payments that is nonoperating in nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue in oil- and gas-producing activities. Excludes royalty payment and net profit disbursement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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