Blue Dolphin Energy (BDCO) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 14, 2024
Document Information [Line Items]
Entity Central Index Key	0000793306
Entity Registrant Name	BLUE DOLPHIN ENERGY CO
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-15905
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	73-1268729
Entity Address, Address Line One	801 Travis Street, Suite 2100
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	568-4725
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,921,968

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents		$ 683	$ 18,713
Restricted cash, current		1,000	0
Prepaid expenses and other current assets		2,118	1,591
Deposits		225	110
Inventory		33,993	24,576
Total current assets		45,318	49,290
LONG-TERM ASSETS
Total property and equipment, net		53,030	54,958
Operating lease right-of-use assets, net		0	158
Restricted cash, noncurrent		0	5
Surety bonds		1,255	230
Deferred tax assets, net		2,680	1,436
Total long-term assets		56,965	56,787
TOTAL ASSETS		102,283	106,077
CURRENT LIABILITIES
Current portion of lease liabilities		0	147
Income taxes payable		16	951
Asset retirement obligations, current portion		2,999	4,504
Accrued expenses and other current liabilities		5,028	5,084
Total current liabilities		35,407	55,425
LONG-TERM LIABILITIES
Total long-term liabilities		30,003	9,053
TOTAL LIABILITIES		65,410	64,478
Commitments and contingencies (Note 14)
STOCKHOLDERS' EQUITY
Common stock ($0.01 par value, 20,000,000 shares authorized; 14,921,968 shares issued and outstanding at September 30, 2024 and December 31, 2023)(1)	[1]	149	149
Additional paid-in capital		39,758	39,758
Retained earnings (deficit)		(3,034)	1,692
TOTAL STOCKHOLDERS' EQUITY		36,873	41,599
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		102,283	106,077
Nonrelated Party [Member]
CURRENT ASSETS
Accounts receivable		619	116
CURRENT LIABILITIES
Long-term debt, current portion		13,895	39,440
Interest payable		253	2,596
Accounts payable		8,607	1,814
LONG-TERM LIABILITIES
Long-term debt, net of current portion		26,407	3,745
Long-term interest payable, net of current portion		0	0
Related Party [Member]
CURRENT ASSETS
Accounts receivable		6,680	4,184
CURRENT LIABILITIES
Line of credit, related party		2,500	0
Long-term debt, related party, current portion		404	0
Interest payable		1,308	0
Accounts payable		397	889
LONG-TERM LIABILITIES
Long-term debt, net of current portion		3,596	4,000
Long-term interest payable, net of current portion		$ 0	$ 1,308
[1]Blue Dolphin has 2,500,000 shares of preferred stock, par value $0.10 per share, authorized. At June 30, 2024 and December 31, 2023, there were no shares of preferred stock issued and outstanding.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	14,921,968	14,921,968
Common stock, shares outstanding (in shares)	14,921,968	14,921,968

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE FROM OPERATIONS
Revenues from operations	$ 82,109	$ 102,554	$ 242,790	$ 288,093
COSTS AND EXPENSES
Crude oil, fuel use, and chemicals	80,244	87,795	222,176	244,927
Other conversion costs	4,138	3,190	14,293	8,390
Tolling and terminaling costs	400	403	1,220	1,216
Depreciation and amortization	644	645	1,930	1,937
Total cost of goods sold	85,426	92,033	239,619	256,470
Other Operating costs
LEH operating fee, related party	202	149	628	396
Other operating expenses	177	(65)	457	95
General and administrative expenses	1,041	1,112	3,495	3,230
Depreciation and amortization	61	54	184	157
Impairment of fixed assets	0	324	0	324
Accretion of asset retirement obligations	0	0	0	59
Total cost of operations	86,907	93,607	244,383	260,731
Income (loss) from operations	(4,798)	8,947	(1,593)	27,362
OTHER INCOME (EXPENSE)
Interest and other income	13	30	204	82
Interest and other expense	(1,561)	(1,573)	(4,558)	(4,574)
Total other expense	(1,548)	(1,543)	(4,354)	(4,492)
Income (loss) before income taxes	(6,346)	7,404	(5,947)	22,870
Income tax benefit (expense)	1,346	(339)	1,221	(612)
Net Income (loss)	$ (5,000)	$ 7,065	$ (4,726)	$ 22,258
Income (loss) per common share:
Basic (in dollars per share)	$ (0.34)	$ 0.47	$ (0.32)	$ 1.49
Diluted (in dollars per share)	$ (0.34)	$ 0.47	$ (0.32)	$ 1.49
Weighted average number of common shares outstanding:
Basic (in shares)	14,921,968	14,921,968	14,921,968	14,921,968
Refinery Operations [Member]
REVENUE FROM OPERATIONS
Revenues from operations	$ 81,280	$ 101,598	$ 239,743	$ 283,505
Tolling and Terminaling [Member]
REVENUE FROM OPERATIONS
Revenues from operations	$ 829	$ 956	$ 3,047	$ 4,588

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2022	14,921,968
Balance at Dec. 31, 2022	$ 149	$ 39,758	$ (29,319)	$ 10,588
Net income (loss)	$ 0	0	22,258	22,258
Balance (in shares) at Sep. 30, 2023	14,921,968
Balance at Sep. 30, 2023	$ 149	39,758	(7,061)	32,846
Balance (in shares) at Dec. 31, 2023	14,921,968
Balance at Dec. 31, 2023	$ 149	39,758	1,692	41,599
Net income (loss)	$ 0	0	(4,726)	(4,726)
Balance (in shares) at Sep. 30, 2024	14,921,968
Balance at Sep. 30, 2024	$ 149	$ 39,758	$ (3,034)	$ 36,873

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
OPERATING ACTIVITIES
Net income (loss)	$ (5,000)	$ 7,065	$ (4,726)	$ 22,258
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization			2,114	2,094
Accretion of asset retirement obligations	0	0	0	59	$ 59
Deferred income tax			(1,244)	0
Amortization of debt issue costs			152	153
Deferred revenues and expenses			0	(305)
Impairment of fixed assets			0	324
Changes in operating assets and liabilities
Accounts receivable			(503)	925
Accounts receivable, related party			(2,496)	(1,963)
Prepaid expenses and other current assets			(642)	595
Inventory			(9,417)	(8,515)
Surety bonds			(1,025)	0
Asset retirement obligations			(1,505)	0
Accounts payable, accrued expenses and other liabilities			3,284	(2,758)
Accounts payable, related party			(492)	445
Net cash provided by (used in) operating activities			(16,500)	13,312
INVESTING ACTIVITIES
Capital expenditures			0	(102)
Net cash used in investing activities			0	(102)
FINANCING ACTIVITIES
Proceeds from related-party debt			2,500	0
Payments on debt principal			(3,035)	(1,049)
Net activity on related-party debt			0	(1,211)
Net cash used in financing activities			(535)	(2,260)
Net change in cash, cash equivalents, and restricted cash			(17,035)	10,950
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD			18,718	1,521	1,521
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$ 1,683	$ 12,471	1,683	12,471	$ 18,718
Supplemental Information:
Right of use assets financed via operating lease			0	215
Interest paid			$ 5,784	$ 5,737

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	( 1 Organization Company Overview Blue Dolphin formed in 1986 Assets are organized in two 4 Unless the context otherwise requires, references in this report to “we,” “us,” “our,” or “ours,” refer to Blue Dolphin, one Jonathan Carroll, our Chief Executive Officer, and an Affiliate together controlled 83% of the voting power of our Common Stock as of the filing date of this report. An Affiliate also operates and manages all Blue Dolphin properties, funds working capital requirements during periods of working capital deficits, guarantees certain of our third 3 Basis of Presentation We prepared the accompanying unaudited consolidated financial statements, which include Blue Dolphin and its subsidiaries, in accordance with GAAP for interim consolidated financial information pursuant to the rules and regulations of the SEC under Article 10 X 10 not We derived the consolidated balance sheet as of December 31, 2023 Annual Report on Form 10 December 31, 2023 three nine September 30, 2024 not may December 31, 2024 Reclassifications When necessary, we reclassified prior period financial information to conform to the current year's presentation. Use of Estimates The nature of our business requires that we make estimates and assumptions in accordance with U.S.GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. We assessed certain accounting matters that require consideration of forecasted financial information in context with information reasonably available to us as of September 30, 2024 may Working Capital Certain conditions and events exist, in the aggregate, that caused management to evaluate Blue Dolphin's ability to continue as a going concern. Those conditions and events include historical working capital deficits and significant current debt in default. Management believes that we have sufficient liquidity to meet our obligations as they become due through the generation of cash flows from operations and liquidation of current working capital amounts for a reasonable period (defined as one

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	( 2 Significant Accounting Policies Significant Accounting Policies We present a summary of significant Blue Dolphin accounting policies to assist investors and other stakeholders in understanding our consolidated financial statements. Our consolidated financial statements and accompanying notes are representations of management, who are responsible for their integrity and objectivity. These accounting policies conform to GAAP and management consistently applied these accounting policies in the preparation of our consolidated financial statements. Cash, Cash Equivalents, and Restricted Cash three may September 30, 2024 December 31, 2023 2034. no 3 9 The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported in the consolidated statements of cash flows: September 30, December 31, 2024 2023 (in thousands) Cash and cash equivalents $ 683 $ 18,713 Restricted cash, current 1,000 - Restricted cash, noncurrent - 5 $ 1,683 $ 18,718 Financial Instruments and Fair Value Measurements September 30, 2024 December 31, 2023, We established a three 1 2 3 Inventory 6 Revenue Recognition Refinery Operations Revenue We consider a variety of facts and circumstances in assessing the point of a control transfer, including but not not not Tolling and Terminaling Revenue We typically satisfy performance obligations for tolling and terminaling operations over time. We determine the transaction price at agreement inception based on the guaranteed minimum amount of revenue over the agreement term. We allocate the transaction price to the single performance obligation that exists under the agreement. We recognize revenue in the amount for which we have a right to invoice. Generally, payment terms do not 30 Revenue from storage tank customers may, not Deferred Revenue Contract Balances New Pronouncements Adopted During the three nine September 30, 2024 not New Pronouncements Issued, Not ● ASU 2023 09 Income Taxes (Topic 740 2023 09" December 2023, 2023 09, 2023 09 2023 09 2023 09 December 31, 2025. ● ASU 2023 07 Segment Reporting (Topic 280 2023 07 November 2023, No. 2023 07, 2023 07 2023 07 December 15, 2023 December 15, 2024. 2023 07 2023 07 December 31, 2024.

Note 3 - Related-party Transact

Note 3 - Related-party Transactions	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	( 3 Related-Party Transactions Affiliate Agreements Financial and Operational Agreements Agreement Parties Effective Date Key Terms Blue Dolphin Guaranty Fee Agreement Blue Dolphin Jonathan Carroll 01/01/2023 Related to payoff of Blue Dolphin $2.0 million SBA loan; Jonathan Carroll receives a cash fee equal to 2.00% per annum of outstanding principal balance owed under Blue Dolphin Term Loan Due 2051 Jet Fuel Purchase Agreements LE LEH 04/21/2023 Product agreements for the purchase of jet fuel by LE from LEH; first April 21, 2023 1.9 second May 10, 2023 2.0 Amended and Restated Jet Fuel Sales Agreement LE LEH 04/01/2023 Jet fuel sales by LE to LEH; 1 LE Amended and Restated Guaranty Fee Agreement LE Jonathan Carroll 01/01/2023 Related to payoff of LE $25.0 million Veritex loan; Jonathan Carroll receives a cash fee equal to 2.00% per annum of outstanding principal balance owed under LE Term Loan Due 2034 LE Amended and Restated Master Services Agreement LE Ingleside 03/01/2023 For storage of LE products intended for customer receipt by barge; LE pays Ingleside a tank rental fee $0.1 million per month. LRM Amended and Restated Guaranty Fee Agreement LRM Jonathan Carroll 01/01/2023 Related to payoff of LRM $10.0 million Veritex loan; Jonathan Carroll receives a cash fee equal to 2.00% per annum of outstanding principal balance owed under LRM Term Loan Due 2034 NPS Guaranty Fee Agreement NPS Jonathan Carroll 01/01/2023 Related to payoff of NPS $10.0 million GNCU loan; Jonathan Carroll receives a cash fee equal to 2.00% per annum of outstanding principal balance owed under NPS Term Loan Due 2031 NPS Terminal Services Agreement NPS LEH 11/01/2022 For storage of LEH jet fuel at the Nixon facility; LEH pays NPS tank rental fee $0.2 million per month; 1 may 60 Office Sub-Lease Agreement BDSC LEH 09/01/2024 Sub-lease executed on 10/30/24; 08/31/2026; Third Amended and Restated Operating Agreement Blue Dolphin LE LRM NPS BDPL BDPC BDSC LEH 04/01/2024 1 04/01/2025 not no Debt Agreements Monthly Principal Principal and Interest Payment Loan Description Parties (in millions) Maturity Date (in millions) Interest Rate Loan Purpose Affiliate Revolving Credit Agreement Blue Dolphin and $5.0 (maximum) (1) April 2025 Set-off against WSJ Prime Working capital Subsidiaries other obligations LEH and owed to Lender Subsidiaries BDPL-LEH Loan Agreement (in forbearance) BDPL $ 4.0 August 2018 $ 0.04 8.00 % Working capital LEH ( 1 As of September 30, 2024, Forbearance LEH Payment Agreement May 9, 2023, May 2023, fifteenth April 2025. May 2025, April 2027. three September 30, 2024 2023 nine September 30, 2024 2023 May 2023. Covenants, Guarantees and Security The BDPL-LEH Loan Agreement contains representations and warranties, affirmative and negative covenants, and events of default that we consider usual and customary for a credit facility of this type. Certain BDPL property serves as collateral under the BDPL-LEH Loan Agreement. See “Note ( 9 Related-Party Financial Impact Consolidated Balance Sheets Accounts receivable, related party million September 30, 2024 December 31, 2023 Accounts payable, related party ately million an September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Related Party Debt . September 30, December 31, 2024 2023 (in thousands) LEH BDPL-LEH Loan Agreement (in forbearance) $ 5,308 $ 5,308 Affiliate revolving credit agreement 2,500 - LEH Total 7,808 5,308 Less: Long-term debt, related party, current portion (404 ) - Less: Line of credit payable, related party (2,500 ) Less: Accrued interest payable, related party, current portion (1,308 ) - $ 3,596 $ 5,308 Consolidated Statements of Operations Total revenue from operations . Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands, except percent amounts) (in thousands, except percent amounts) Refinery operations LEH $ 21,185 25.8 % $ 33,060 32.2 % $ 84,591 34.8 % $ 93,824 32.6 % Third-Parties 60,095 73.1 % 68,538 66.9 % 155,152 63.9 % 189,681 65.8 % Tolling and terminaling LEH 540 0.7 % 540 0.5 % 1,620 0.7 % - - % Third-Parties 289 0.4 % 416 0.4 % 1,427 0.6 % 4,588 1.6 % $ 82,109 100.0 % $ 102,554 100.0 % $ 242,790 100.0 % $ 288,093 100.0 % Interest expense Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Jonathan Carroll Guaranty Fee Agreements Tied to First Term Loan Due 2034 $ 96 $ 101 $ 291 $ 304 Tied to NPS Term Loan Due 2031 66 50 166 150 Tied to Second Term Loan Due 2034 40 42 121 126 Tied to Blue Dolphin Term Loan Due 2051 10 10 30 30 LEH BDPL-LEH Loan Agreement (in forbearance) 106 167 318 491 $ 318 $ 370 $ 926 $ 1,101 Other. three September 30, 2024 2023 nine September 30, 2024 2023 11 15 The LEH operating fee, related party totaled million for the three September 30, 2024 compared to approximately million for the three September 30, 2023 . The between the periods related to higher manufacturing overhead costs including insurance. The LEH operating fee, related party totaled million for the nine -month period ended September 30, 2024 compared to approximately million for the nine -month period ended September 30, 2023 . The between the periods related to higher manufacturing overhead costs including insurance. Lease expense associated with the LE Amended and Restated Master Services Agreement (as discussed elsewhere within this "Note ( 3 11 three September 30, 2024 2023 nine September 30, 2024 2023

Note 4 - Revenue and Segment In

Note 4 - Revenue and Segment Information	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Revenues and Segment Reporting Disclosure [Text Block]	( 4 Revenue and Segment Information We have two reportable business segments: (i) refinery operations, which derives revenue from refined product sales, and (ii) tolling and terminaling, which derives revenue from storage tank rental fees, ancillary services fees (such as for in-tank blending) and tolling and reservation fees for use of the naphtha stabilizer at the Nixon refinery. ‘Corporate and other’ includes information for BDSC, BDPL, and BDPC. We evaluate the performance of our reportable business segments based on revenues, cost of goods sold, and net income (loss). Revenue from Contracts with Customers Disaggregation of Revenue Receivables from Contracts with Customers Contract Liabilities 8 Remaining Performance Obligations Contract Balances September 30, December 31, 2024 2023 Accounts receivable (including related-party), beginning of period $ 4,300 $ 1,148 Accounts receivable (including related-party), end of period 7,299 4,300 Unearned revenue, beginning of period $ 3,243 $ 3,888 Unearned revenue, end of period 2,721 3,243 Segment Information We modified our segment presentation to incorporate applicable depreciation and amortization into our cost of goods sold subtotal. We believe this provides a more complete representation of our cost of goods sold. Prior periods have been modified to conform with this presentation. Business segment information for the periods indicated (and as of the dates indicated) was as follows: Three Months Ended September 30, 2024 2023 Refinery Operations Tolling & Terminaling Corporate & Other Refinery Operations Tolling & Terminaling Corporate & Other (in thousands) Segment revenue $ 81,280 $ 1,759 $ - $ 101,598 $ 1,886 $ - Intercompany (1) - (930 ) - - (930 ) - Total revenue from operations 81,280 829 - 101,598 956 - Crude oil, fuel use, and chemicals 80,244 - - 87,795 - - Other conversion costs 5,068 - - 4,120 - - Intercompany processing fees (930 ) - - (930 ) - - Tolling and terminaling costs - 400 - - 403 - Depreciation and amortization 302 342 - 303 342 - Total costs of goods sold 84,684 742 - 91,288 745 - Other operating and general and administrative expenses(2) 507 69 844 374 306 840 Depreciation and amortization - - 61 - - 54 Interest and other non-operating expenses, net 900 512 136 847 502 194 Total costs and expenses 86,091 1,323 1,041 92,509 1,553 1,088 Income (loss) before income taxes (4,811 ) (494 ) (1,041 ) 9,089 (597 ) (1,088 ) Income tax benefit (expense) - - 1,346 - - (339 ) Net income (loss) $ (4,811 ) $ (494 ) $ 305 $ 9,089 $ (597 ) $ (1,427 ) Nine Months Ended September 30, 2024 2023 Refinery Operations Tolling & Terminaling Corporate & Other Refinery Operations Tolling & Terminaling Corporate & Other (thousands) Segment revenue $ 239,743 $ 5,053 $ - $ 283,505 $ 6,689 $ - Intercompany (1) - (2,006 ) - - (2,101 ) - Total revenue from operations 239,743 3,047 - 283,505 4,588 - Crude oil, fuel use, and chemicals 222,176 - - 244,927 - - Other conversion costs 16,299 - - 10,491 - - Intercompany processing fees (2,006 ) - - (2,101 ) - - Tolling and terminaling costs - 1,220 - - 1,216 - Depreciation and amortization 904 1,026 - 911 1,026 - Total cost of goods sold 237,373 2,246 - 254,228 2,242 - Other operating and general and administrative expenses(2) 1,561 161 2,858 1,193 932 1,979 Depreciation and amortization - - 184 - - 157 Interest and other non-operating expenses, net 2,440 1,506 408 2,456 1,462 574 Total costs and expenses 241,374 3,913 3,450 257,877 4,636 2,710 Income (loss) before income taxes (1,631 ) (866 ) (3,450 ) 25,628 (48 ) (2,710 ) Income tax benefit (expense) - - 1,221 - - (612 ) Net income (loss) $ (1,631 ) $ (866 ) $ (2,229 ) $ 25,628 $ (48 ) $ (3,322 ) ( 1 Fees associated with an intercompany tolling agreement related to naphtha volumes. ( 2 The LEH operating fee, related party, impairment of fixed assets, and accretion of asset retirement obligations are included in 'other operating and general and administrative expenses' within the refinery operations business segment. Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Capital expenditures Refinery operations $ - $ - $ - $ 102 Total capital expenditures $ - $ - $ - $ 102 September 30, December 31, 2024 2023 (in thousands) Identifiable assets Refinery operations $ 79,891 $ 86,565 Tolling and terminaling 17,580 16,464 Corporate and other 4,812 3,048 Total identifiable assets $ 102,283 $ 106,077

Note 5 - Prepaid Expenses and O

Note 5 - Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Prepaid Expenses and Other Current Assets [Text Block]	( 5 Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) Prepaid insurance $ 1,583 $ 1,168 Other prepaids 520 230 Prepaid easement renewal fees 15 32 Prepaid crude oil and condensate - 161 $ 2,118 $ 1,591

Note 6 - Inventory

Note 6 - Inventory	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 6 Inventory Inventory as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) HOBM $ 23,391 $ 5,144 Jet fuel 7,319 8,570 Naphtha 1,905 8,782 Crude oil and condensate 1,077 1,494 Chemicals 177 160 AGO 94 392 Propane 30 24 LPG mix - 10 $ 33,993 $ 24,576

Note 7 - Property, Plant and Eq

Note 7 - Property, Plant and Equipment, Net	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 7 Property, Plant and Equipment, Net Property, plant and equipment, net, as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) Refinery and facilities $ 72,776 $ 72,675 Land 566 566 Other property and equipment 913 913 74,255 74,154 Less: Accumulated depreciation and amortization (24,894 ) (22,966 ) 49,361 51,188 Construction in progress 3,669 3,770 $ 53,030 $ 54,958

Note 8 - Accrued Expenses and O

Note 8 - Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	( 8 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) Unearned revenue from contracts with customers $ 2,721 $ 3,243 Insurance 844 467 Taxes payable 618 142 Accrued fines and penalties 407 522 Other payable 212 297 Customer deposits 163 163 Board of director fees payable 63 250 $ 5,028 $ 5,084

Note 9 - Third-party Long-term

Note 9 - Third-party Long-term Debt	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	( 9 Third-Party Long-Term Debt Debt Agreements Blue Dolphin and certain of its subsidiaries are currently parties to the following debt agreements with third Monthly Principal Principal and Interest Payment Loan Description Parties (in millions) Maturity (in millions) Interest Rate Loan Purpose Veritex Loans LE Term Loan Due 2034(1) LE $ 25.0 June 2034 $0.3 WSJ Prime + 2.75% Refinance loan; capital improvements Veritex LRM Term Loan Due 2034(1) LRM $ 10.0 December 2034 $0.1 WSJ Prime + 2.75% Refinance bridge loan; capital improvements Veritex Kissick Debt (in forbearance) (2) LE $ 11.7 January 2018 $0.5 6.25 % Working capital Kissick Noteholder GNCU Loan NPS Term Loan Due 2031(in default)(3) NPS $ 10.0 October 2031 $0.1 5.75 % Working capital GNCU SBA EIDLs Blue Dolphin Term Loan Due 2051 (as modified)(4) Blue Dolphin $ 2.0 June 2051 $0.01 3.75 % Working capital SBA LE Term Loan Due 2050(5) LE $ 0.15 August 2050 $0.0007 3.75 % Working capital SBA NPS Term Loan Due 2050(5) NPS $ 0.15 August 2050 $0.0007 3.75 % Working capital SBA Equipment Loan Due 2025(6) LE $ 0.07 October 2025 $0.0013 4.50 % Equipment Lease Conversion Texas First ( 1 Restricted cash, current totaled $1.0 million and $0.0 at September 30, 2024 December 31, 2023 December 31, 2023 January 2, 2024. ( 2 Original principal amount was $8.0 million; pursuant to a 2017 sixth ( 3 Loan requires monthly interest-only payments for the first thirty-six First principal payment made in October 2024. ( 4 Original principal amount was $0.5 million; the principal amount increased by $1.5 million under a loan modification. Payments deferred for thirty first November 2023; not ( 5 Payments deferred for thirty first February 2023; not ( 6 In May 2019, May 2020; October 2020, 2025 Outstanding Principal, Debt Issue Costs, and Accrued Interest Third-party long-term debt, including outstanding principal and accrued interest, as of the dates indicated was as follows: September 30, December 31, 2024 2023 (in thousands) Veritex Loans LE Term Loan Due 2034 $ 19,072 $ 19,858 LRM Term Loan Due 2034 7,968 8,260 Kissick Debt (in forbearance) 2,894 7,147 GNCU Loan NPS Term Loan Due 2031 (in default) 9,975 9,975 SBA EIDLs BDEC Term Loan Due 2051 2,103 2,135 LE Term Loan Due 2050 159 162 NPS Term Loan Due 2050 159 162 Equipment Loan Due 2025 18 29 42,349 47,728 Less: Long-term debt, net, current portion (13,895 ) (39,440 ) Less: Unamortized debt issue costs (1,794 ) (1,947 ) Less: Accrued interest payable, current portion (253 ) (2,596 ) $ 26,407 $ 3,745 Unamortized debt issue costs associated with the Veritex and GNCU loans as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) Veritex Loans LE Term Loan Due 2034 $ 1,674 $ 1,674 LRM Term Loan Due 2034 768 768 GNCU Loan NPS Term Loan Due 2031 (in default) 730 730 Less: Accumulated amortization (1,378 ) (1,225 ) $ 1,794 $ 1,947 Amortization expense was $0.05 million for both the three September 30, 2024 2023 nine September 30, 2024 2023 Accrued interest related to third September 30, December 31, 2024 2023 (in thousands) Kissick Debt (in forbearance) $ - $ 2,169 Veritex Loans LE Term Loan Due 2034 46 181 LRM Term Loan Due 2034 69 70 GNCU Loan NPS Term Loan Due 2031 (in default) 17 17 SBA EIDLs BDEC Term Loan Due 2051 103 135 LE Term Loan Due 2050 9 12 NPS Term Loan Due 2053 9 12 Total accrued third-party interest 253 2,596 Less: Accrued interest payable, current portion (253 ) (2,596 ) Long-term interest payable, net of current portion $ - $ - We classified the debt associated with the LE Term Loan Due 2034, 2034, 2031 December 31, 2023 September 30, 2024 no 2031 September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 twelve Forbearance Agreements, Waivers, and Default Veritex Forbearance Agreements and Waivers November 2022 September 2023, first first December 2023, a second second March 2024. 2034 2034 On July 8, 2024, July 2, 2024 2034 2034 2021, 2022, 2023. June 25, 2024, April 18, 2024 September 30, 2024 Kissick Payment Agreement April 30, 2023, a April 2023, first February 2025, March 1, 2025. $1.5 million in principal and interest during three September 30, 2024 2023 $ 4.4 million an nine September 30, 2024 2023 April 2023. Default September 30, 2024 2031 may no may Guarantees and Security Loan Description Guarantees Security Veritex Loans LE Term Loan Due 2034 • USDA • First priority lien on Nixon facility’s business assets (excluding accounts receivable and inventory) • Jonathan Carroll ( 1 • Assignment of all Nixon facility contracts, permits, and licenses • Affiliate cross-guarantees • Absolute assignment of Nixon facility rents and leases, including tank rental income • $5.0 million life insurance policy on Jonathan Carroll LRM Term Loan Due 2034 • USDA • Second priority lien on rights of LE in crude distillation tower and other collateral of LE • Jonathan Carroll ( 1 • First priority lien on real property interests of LRM • Affiliate cross-guarantees • First priority lien on all LRM fixtures, furniture, machinery, and equipment • First priority lien on all LRM contractual rights, general intangibles, and instruments, except with respect to LRM rights in its leases of certain specified tanks for which Veritex has second • Substantially all assets Kissick Debt (in forbearance) ( 2 - • Subordinated deed of trust that encumbers the crude distillation tower and general assets of LE GNCU Loan NPS Term Loan Due 2031 • USDA • Deed of trust lien on approximately 56 acres of land and improvements owned by LE • Jonathan Carroll ( 1 • Leasehold deed of trust lien on certain property leased by NPS from LE • Affiliate cross-guarantees • Assignment of leases and rents and certain personal property SBA EIDLs Blue Dolphin Term Loan Due 2051 - • Business assets (e.g., machinery and equipment, furniture, fixtures, etc.) LE Term Loan Due 2050 - • Business assets (e.g., machinery and equipment, furniture, fixtures, etc.) NPS Term Loan Due 2050 - • Business assets (e.g., machinery and equipment, furniture, fixtures, etc.) Equipment Loan Due 2025 - • First priority security interest in the equipment (backhoe). ( 1 Veritex required Jonathan Carroll to personally guarantee repayment of borrowed funds and accrued interest. ( 2 Subject to the Kissick Subordination Agreement between the Kissick Noteholder and Sovereign Bank (predecessor to Veritex) dated June 22, 2015. 2034. Representations, Warranties, and Covenants The First Term Loan Due 2034, 2034, 2031, 2051, 2050, 2050 2034 2034 2034 2031 no 2051, 2050, 2050, 2025.

Note 10 - AROs

Note 10 - AROs	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Asset Retirement Obligation Disclosure [Text Block]	( 10 AROs Refinery and Facilities Management has concluded that there is no Pipelines and Facilities and Oil and Gas Properties We have AROs associated with decommissioning our pipelines and facilities assets, as well as for plugging and abandoning our oil and gas properties. We recorded a liability for the fair value of an ARO at the time the asset was installed or placed in service. From time to time we adjust the liability due to changes in estimates or the timing of decommissioning the assets. ARO liability as of the dates indicated was as follows: September 30, December 31, 2024 2023 (in thousands) AROs, at the beginning of the period $ 4,504 $ 3,710 Changes in estimates of existing obligations - 1,558 Liabilities settled (1,505 ) (823 ) Accretion expense - 59 Less: AROs, current portion (2,999 ) (4,504 ) Long-term AROs, at the end of the period $ - $ - During the nine September 30, 2024 nine September 30, 2024 twelve December 31, 2023 BOEM mandated that our pipelines and facilities assets offshore in federal waters be decommissioned due to their extended period of inactivity. In October 2023, December 2023 February 2024. July 2024 second 2025. September 2024. November December 2024 not no not September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 million and million, r not In April 2024, September 2023. 90 not August 2024, two October November 2023. 90 November 2024. See “Note ( 14

Note 11 - Lease Obligations

Note 11 - Lease Obligations	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	( 11 Lease Obligations Lease Obligations Office Lease October 2024, sixth sixth not See "Note ( 15 An Affiliate, LEH, sub-leases a portion of the Houston office space. BDSC received sub-lease income from LEH totaling $0.01 million for both the three September 30, 2024 2023 nine September 30, 2024 2023 3 15 Tank Lease three September 30, 2024 2023 nine September 30, 2024 2023 one not 3 3 The following table presents the lease-related assets and liabilities recorded on the consolidated balance sheet: September 30, December 31, Balance Sheet Location 2024 2023 (in thousands) Assets Operating lease ROU assets Operating lease ROU assets $ - $ 787 Less: Accumulated amortization on operating lease assets Operating lease ROU assets - (629 ) Total lease assets - 158 Liabilities Current Operating lease Current portion of lease liabilities - 147 Noncurrent Operating lease Long-term lease liabilities, net of current - - Total lease liabilities $ - $ 147 September 30, December 31, 2024 2023 Weighted average remaining lease term in years Operating lease - 0.67 Weighted average discount rate Operating lease - 8.25 % The following table presents information related to lease costs incurred for operating and finance leases: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) Operating lease costs $ 41 $ 55 $ 165 $ 158 Short-term lease expense, related party 300 300 900 700 Total lease cost $ 341 $ 355 $ 1,065 $ 858 The table below presents supplemental cash flow information related to leases as follows: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating lease $ 38 $ 57 $ 147 $ 172 As of September 30, 2024 Operating September 30, Lease (in thousands) 2025 $ - $ - Future minimum annual lease commitments that are non-cancelable: Operating September 30, Lease (in thousands) 2025 $ - $ -

Note 12 - Income Taxes

Note 12 - Income Taxes	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 12 Income Taxes The Inflation Reduction Act ("IRA") was enacted into law in August 2022. 15% three $1.0 not Tax Provision The provision for income tax benefit (expense) for the periods indicated was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Current Federal $ 21 $ (262 ) $ (6 ) $ (382 ) State 27 (77 ) (17 ) (230 ) Deferred Federal 1,298 (1,277 ) 1,244 (4,373 ) Change in valuation allowance - 1,277 - 4,373 Total provision for income taxes $ 1,346 $ (339 ) $ 1,221 $ (612 ) GAAP treats Texas margins tax, a form of business tax imposed on an entity’s gross profit rather than its net income, like an income tax for financial reporting purposes. Deferred income taxes as of the dates indicated consisted of the following: September 30, December 31, 2024 2023 (in thousands) Deferred tax assets: NOL and capital loss carryforwards $ 6,725 $ 6,014 Business interest expense 3,485 2,534 Start-up costs (crude oil and condensate processing facility) 191 254 ARO liability/deferred revenue 630 946 Other 68 54 Total deferred tax assets 11,099 9,802 Deferred tax liabilities: Basis differences in property and equipment (8,419 ) (8,366 ) Total deferred tax liabilities (8,419 ) (8,366 ) 2,680 1,436 Deferred tax assets (liabilities), net $ 2,680 $ 1,436 Deferred Income Taxes Balances for deferred income tax represent the effects of temporary differences between carrying amounts and the actual income tax basis of our assets and liabilities; the balances also reflect NOL carryforwards. We record the balances based on tax rates we expect to be in effect when paid. NOL carryforwards and deferred tax assets represent amounts available to reduce future taxable income. Valuation Allowance 50% December 31, 2023 zero At September 30, 2024 no NOL Carryforwards Under IRC Section 382, 382, 5% fifty [50% three 2005 2012. 2005 2012 The 2005 2012 2012 may 2012 2012 2018 not 20 2018 may 80% NOL Carryforwards Available for Use 382 Net Operating Loss Carryforward Pre- Post- Ownership Ownership Change Change Total (in thousands) Balance at December 31, 2022 $ 5,147 $ 45,624 $ 50,771 Net operating losses used and expired (638 ) (21,493 ) (22,131 ) Balance at December 31, 2023 4,509 24,131 28,640 Net operating losses - 3,384 3,384 Balance at September 30, 2024 $ 4,509 $ 27,515 $ 32,024

Note 13 - Earnings and Dividend

Note 13 - Earnings and Dividends Per Share	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	( 13 Earnings and Dividends Per Share A reconciliation between basic and diluted income per share for the periods indicated was as follows: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands, (in thousands, except share and per share amounts) except share and per share amounts) Net income (loss) $ (5,000 ) $ 7,065 $ (4,726 ) $ 22,258 Basic and diluted earnings (loss) per share $ (0.34 ) $ 0.47 $ (0.32 ) $ 1.49 Basic and diluted shares used in computing earnings per share 14,921,968 14,921,968 14,921,968 14,921,968 Diluted EPS for the three nine September 30, 2024 2023 Shareholders are entitled to receive such dividends as may no may

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 14 Commitments and Contingencies Third Amended and Restated Operating Agreement See “Note ( 3 Offshore Pipelines and Platform Requirements BDPL has pipelines and platform assets subject to BSEE’s idle iron regulations. Idle iron regulations require lessees and rights-of-way holders to permanently abandon and/or remove platforms and other structures when they are no Platform Inspections January 2024, April 2024. Decommissioning Obligations October 2023, December 2023 February 2024. July 2024 second 2025. September 2024. November December 2024 not no not September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 million and million, r not In April 2024, September 2023. 90 not August 2024, two October November 2023. 90 November 2024. Default Under a Secured Loan Agreement See “Note ( 9 Financing Agreements and Guarantees Indebtedness 3 9 third Guarantees 3 9 third Health, Safety and Environmental Matters The operations of certain Blue Dolphin subsidiaries are subject to extensive federal, state, and local environmental, health, and safety regulations governing, among other things, the generation, storage, handling, use and transportation of petroleum products and hazardous substances; the emission and discharge of materials into the environment; waste management; characteristics and composition of jet fuel and other products; and the monitoring, reporting and control of air emissions. These operations also require numerous permits and authorizations under various environmental, health, and safety laws and regulations. Failing to obtain and comply with these permits or environmental, health, or safety laws could result in fines, penalties or other sanctions, or a revocation of our permits. Legal Matters In the ordinary course of business, we are involved in legal matters incidental to the routine operation of our business, such as mechanic’s liens and contract-related disputes. We may may may not Resolved Matters RLI Surety Bonds June, July, December 2023, February 19, 2024, April 23, 2024 July 22, 2024, July 26, 2024, September 12, 2024. September October 2024 Pilot Dispute Related to Terminal Services Agreement May 9, 2019, August 25, 2022, October 24, 2022. On October 28, 2022, October 28, 2022, December 2, 2022, December 6, 2022, 7.206 January 7, 2023. January 12, 2023, February 28, 2023. January 2023. On March 31, 2023, June 15, 2023. April June 2023, April 2023. June 16, 2023, August 31, 2023. August 28, 2023, December 2023 A confidential Settlement Agreement by and among LEH, NPS, LE, LRM, Lazarus San Antonio Refinery, LLC, and Blue Dolphin (together the "Lazarus Entities"), on the one December 29, 2023. OSHA Settlement Agreement September 2022, November 2022. December 31, 2022. April 2023. Unresolved Matters. BOEM Supplemental Pipeline Bonds Historically, BDPL maintained $0.9 million in pipeline bonds with BOEM to decommission its trunk pipeline offshore in federal waters. In March 2018, five June 2018, not may BDPL’s pending appeal of the BOEM INCs does not no not September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 TCEQ Proposed Agreed Order October 2021, January March 2020. September 2023, August 8, 2024. January 2025. September 30, 2024 $0.4 BSEE Civil Penalties January 2024, April 2024. April 2024, September 2023. 90 not August 2024, two October November 2023. 90 November 2024. Default under a Secured Loan Agreement 9 third

Note 15 - Subsequent Events

Note 15 - Subsequent Events	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	( 15 Subsequent Events BDSC Office Lease We maintain our corporate headquarters in Houston, Texas. In October 2024, sixth sixth not The first two September October 2024 not 3 12, November 1, 2024, 13 24 sixth six 15 Affiliate Sub-Lease In October 2024, The term expires on August 31, 2026. 3 11

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents, and Restricted Cash three may September 30, 2024 December 31, 2023 2034. no 3 9 The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported in the consolidated statements of cash flows: September 30, December 31, 2024 2023 (in thousands) Cash and cash equivalents $ 683 $ 18,713 Restricted cash, current 1,000 - Restricted cash, noncurrent - 5 $ 1,683 $ 18,718
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments and Fair Value Measurements September 30, 2024 December 31, 2023, We established a three 1 2 3
Inventory, Policy [Policy Text Block]	Inventory 6
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Refinery Operations Revenue We consider a variety of facts and circumstances in assessing the point of a control transfer, including but not not not Tolling and Terminaling Revenue We typically satisfy performance obligations for tolling and terminaling operations over time. We determine the transaction price at agreement inception based on the guaranteed minimum amount of revenue over the agreement term. We allocate the transaction price to the single performance obligation that exists under the agreement. We recognize revenue in the amount for which we have a right to invoice. Generally, payment terms do not 30 Revenue from storage tank customers may, not Deferred Revenue Contract Balances
New Accounting Pronouncements, Policy [Policy Text Block]	New Pronouncements Adopted During the three nine September 30, 2024 not New Pronouncements Issued, Not ● ASU 2023 09 Income Taxes (Topic 740 2023 09" December 2023, 2023 09, 2023 09 2023 09 2023 09 December 31, 2025. ● ASU 2023 07 Segment Reporting (Topic 280 2023 07 November 2023, No. 2023 07, 2023 07 2023 07 December 15, 2023 December 15, 2024. 2023 07 2023 07 December 31, 2024.

Note 2 - Principles of Consol_2

Note 2 - Principles of Consolidation and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Cash and cash equivalents $ 683 $ 18,713 Restricted cash, current 1,000 - Restricted cash, noncurrent - 5 $ 1,683 $ 18,718

Note 3 - Related-party Transa_2

Note 3 - Related-party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Monthly Principal Principal and Interest Payment Loan Description Parties (in millions) Maturity Date (in millions) Interest Rate Loan Purpose Affiliate Revolving Credit Agreement Blue Dolphin and $5.0 (maximum) (1) April 2025 Set-off against WSJ Prime Working capital Subsidiaries other obligations LEH and owed to Lender Subsidiaries BDPL-LEH Loan Agreement (in forbearance) BDPL $ 4.0 August 2018 $ 0.04 8.00 % Working capital LEH
Schedule of Outstanding Long-term Debt to Related Parties [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) LEH BDPL-LEH Loan Agreement (in forbearance) $ 5,308 $ 5,308 Affiliate revolving credit agreement 2,500 - LEH Total 7,808 5,308 Less: Long-term debt, related party, current portion (404 ) - Less: Line of credit payable, related party (2,500 ) Less: Accrued interest payable, related party, current portion (1,308 ) - $ 3,596 $ 5,308
Schedule of Related Party Transactions, Consolidated Statements of Operations [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands, except percent amounts) (in thousands, except percent amounts) Refinery operations LEH $ 21,185 25.8 % $ 33,060 32.2 % $ 84,591 34.8 % $ 93,824 32.6 % Third-Parties 60,095 73.1 % 68,538 66.9 % 155,152 63.9 % 189,681 65.8 % Tolling and terminaling LEH 540 0.7 % 540 0.5 % 1,620 0.7 % - - % Third-Parties 289 0.4 % 416 0.4 % 1,427 0.6 % 4,588 1.6 % $ 82,109 100.0 % $ 102,554 100.0 % $ 242,790 100.0 % $ 288,093 100.0 % Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Jonathan Carroll Guaranty Fee Agreements Tied to First Term Loan Due 2034 $ 96 $ 101 $ 291 $ 304 Tied to NPS Term Loan Due 2031 66 50 166 150 Tied to Second Term Loan Due 2034 40 42 121 126 Tied to Blue Dolphin Term Loan Due 2051 10 10 30 30 LEH BDPL-LEH Loan Agreement (in forbearance) 106 167 318 491 $ 318 $ 370 $ 926 $ 1,101

Note 4 - Revenue and Segment _2

Note 4 - Revenue and Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	September 30, December 31, 2024 2023 Accounts receivable (including related-party), beginning of period $ 4,300 $ 1,148 Accounts receivable (including related-party), end of period 7,299 4,300 Unearned revenue, beginning of period $ 3,243 $ 3,888 Unearned revenue, end of period 2,721 3,243
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2024 2023 Refinery Operations Tolling & Terminaling Corporate & Other Refinery Operations Tolling & Terminaling Corporate & Other (in thousands) Segment revenue $ 81,280 $ 1,759 $ - $ 101,598 $ 1,886 $ - Intercompany (1) - (930 ) - - (930 ) - Total revenue from operations 81,280 829 - 101,598 956 - Crude oil, fuel use, and chemicals 80,244 - - 87,795 - - Other conversion costs 5,068 - - 4,120 - - Intercompany processing fees (930 ) - - (930 ) - - Tolling and terminaling costs - 400 - - 403 - Depreciation and amortization 302 342 - 303 342 - Total costs of goods sold 84,684 742 - 91,288 745 - Other operating and general and administrative expenses(2) 507 69 844 374 306 840 Depreciation and amortization - - 61 - - 54 Interest and other non-operating expenses, net 900 512 136 847 502 194 Total costs and expenses 86,091 1,323 1,041 92,509 1,553 1,088 Income (loss) before income taxes (4,811 ) (494 ) (1,041 ) 9,089 (597 ) (1,088 ) Income tax benefit (expense) - - 1,346 - - (339 ) Net income (loss) $ (4,811 ) $ (494 ) $ 305 $ 9,089 $ (597 ) $ (1,427 ) Nine Months Ended September 30, 2024 2023 Refinery Operations Tolling & Terminaling Corporate & Other Refinery Operations Tolling & Terminaling Corporate & Other (thousands) Segment revenue $ 239,743 $ 5,053 $ - $ 283,505 $ 6,689 $ - Intercompany (1) - (2,006 ) - - (2,101 ) - Total revenue from operations 239,743 3,047 - 283,505 4,588 - Crude oil, fuel use, and chemicals 222,176 - - 244,927 - - Other conversion costs 16,299 - - 10,491 - - Intercompany processing fees (2,006 ) - - (2,101 ) - - Tolling and terminaling costs - 1,220 - - 1,216 - Depreciation and amortization 904 1,026 - 911 1,026 - Total cost of goods sold 237,373 2,246 - 254,228 2,242 - Other operating and general and administrative expenses(2) 1,561 161 2,858 1,193 932 1,979 Depreciation and amortization - - 184 - - 157 Interest and other non-operating expenses, net 2,440 1,506 408 2,456 1,462 574 Total costs and expenses 241,374 3,913 3,450 257,877 4,636 2,710 Income (loss) before income taxes (1,631 ) (866 ) (3,450 ) 25,628 (48 ) (2,710 ) Income tax benefit (expense) - - 1,221 - - (612 ) Net income (loss) $ (1,631 ) $ (866 ) $ (2,229 ) $ 25,628 $ (48 ) $ (3,322 )
Segment, Reconciliation of Capital Expenditures from Segments to Consolidated [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Capital expenditures Refinery operations $ - $ - $ - $ 102 Total capital expenditures $ - $ - $ - $ 102
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Identifiable assets Refinery operations $ 79,891 $ 86,565 Tolling and terminaling 17,580 16,464 Corporate and other 4,812 3,048 Total identifiable assets $ 102,283 $ 106,077

Note 5 - Prepaid Expenses and_2

Note 5 - Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Prepaid insurance $ 1,583 $ 1,168 Other prepaids 520 230 Prepaid easement renewal fees 15 32 Prepaid crude oil and condensate - 161 $ 2,118 $ 1,591

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) HOBM $ 23,391 $ 5,144 Jet fuel 7,319 8,570 Naphtha 1,905 8,782 Crude oil and condensate 1,077 1,494 Chemicals 177 160 AGO 94 392 Propane 30 24 LPG mix - 10 $ 33,993 $ 24,576

Note 7 - Property, Plant and _2

Note 7 - Property, Plant and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Refinery and facilities $ 72,776 $ 72,675 Land 566 566 Other property and equipment 913 913 74,255 74,154 Less: Accumulated depreciation and amortization (24,894 ) (22,966 ) 49,361 51,188 Construction in progress 3,669 3,770 $ 53,030 $ 54,958

Note 8 - Accrued Expenses and_2

Note 8 - Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Unearned revenue from contracts with customers $ 2,721 $ 3,243 Insurance 844 467 Taxes payable 618 142 Accrued fines and penalties 407 522 Other payable 212 297 Customer deposits 163 163 Board of director fees payable 63 250 $ 5,028 $ 5,084

Note 9 - Third-party Long-ter_2

Note 9 - Third-party Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	Monthly Principal Principal and Interest Payment Loan Description Parties (in millions) Maturity (in millions) Interest Rate Loan Purpose Veritex Loans LE Term Loan Due 2034(1) LE $ 25.0 June 2034 $0.3 WSJ Prime + 2.75% Refinance loan; capital improvements Veritex LRM Term Loan Due 2034(1) LRM $ 10.0 December 2034 $0.1 WSJ Prime + 2.75% Refinance bridge loan; capital improvements Veritex Kissick Debt (in forbearance) (2) LE $ 11.7 January 2018 $0.5 6.25 % Working capital Kissick Noteholder GNCU Loan NPS Term Loan Due 2031(in default)(3) NPS $ 10.0 October 2031 $0.1 5.75 % Working capital GNCU SBA EIDLs Blue Dolphin Term Loan Due 2051 (as modified)(4) Blue Dolphin $ 2.0 June 2051 $0.01 3.75 % Working capital SBA LE Term Loan Due 2050(5) LE $ 0.15 August 2050 $0.0007 3.75 % Working capital SBA NPS Term Loan Due 2050(5) NPS $ 0.15 August 2050 $0.0007 3.75 % Working capital SBA Equipment Loan Due 2025(6) LE $ 0.07 October 2025 $0.0013 4.50 % Equipment Lease Conversion Texas First
Schedule of Debt [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Veritex Loans LE Term Loan Due 2034 $ 19,072 $ 19,858 LRM Term Loan Due 2034 7,968 8,260 Kissick Debt (in forbearance) 2,894 7,147 GNCU Loan NPS Term Loan Due 2031 (in default) 9,975 9,975 SBA EIDLs BDEC Term Loan Due 2051 2,103 2,135 LE Term Loan Due 2050 159 162 NPS Term Loan Due 2050 159 162 Equipment Loan Due 2025 18 29 42,349 47,728 Less: Long-term debt, net, current portion (13,895 ) (39,440 ) Less: Unamortized debt issue costs (1,794 ) (1,947 ) Less: Accrued interest payable, current portion (253 ) (2,596 ) $ 26,407 $ 3,745
Schedule of Unamortized Debt Issuance Costs [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Veritex Loans LE Term Loan Due 2034 $ 1,674 $ 1,674 LRM Term Loan Due 2034 768 768 GNCU Loan NPS Term Loan Due 2031 (in default) 730 730 Less: Accumulated amortization (1,378 ) (1,225 ) $ 1,794 $ 1,947
Schedule of Accrued Interest on Long-term Debt [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Kissick Debt (in forbearance) $ - $ 2,169 Veritex Loans LE Term Loan Due 2034 46 181 LRM Term Loan Due 2034 69 70 GNCU Loan NPS Term Loan Due 2031 (in default) 17 17 SBA EIDLs BDEC Term Loan Due 2051 103 135 LE Term Loan Due 2050 9 12 NPS Term Loan Due 2053 9 12 Total accrued third-party interest 253 2,596 Less: Accrued interest payable, current portion (253 ) (2,596 ) Long-term interest payable, net of current portion $ - $ -

Note 10 - AROs (Tables)

Note 10 - AROs (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Asset Retirement Obligations [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) AROs, at the beginning of the period $ 4,504 $ 3,710 Changes in estimates of existing obligations - 1,558 Liabilities settled (1,505 ) (823 ) Accretion expense - 59 Less: AROs, current portion (2,999 ) (4,504 ) Long-term AROs, at the end of the period $ - $ -

Note 11 - Lease Obligations (Ta

Note 11 - Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Lessee, Operating Lease, Assets and Liabilities [Table Text Block]	September 30, December 31, Balance Sheet Location 2024 2023 (in thousands) Assets Operating lease ROU assets Operating lease ROU assets $ - $ 787 Less: Accumulated amortization on operating lease assets Operating lease ROU assets - (629 ) Total lease assets - 158 Liabilities Current Operating lease Current portion of lease liabilities - 147 Noncurrent Operating lease Long-term lease liabilities, net of current - - Total lease liabilities $ - $ 147
Lessee, Operating Lease, Weighted average Remaining Lease Term and Discount Rate [Table Text Block]	September 30, December 31, 2024 2023 Weighted average remaining lease term in years Operating lease - 0.67 Weighted average discount rate Operating lease - 8.25 %
Lease, Cost [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) Operating lease costs $ 41 $ 55 $ 165 $ 158 Short-term lease expense, related party 300 300 900 700 Total lease cost $ 341 $ 355 $ 1,065 $ 858
Supplemental Cash Flow Information Related to Leases [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating lease $ 38 $ 57 $ 147 $ 172
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating September 30, Lease (in thousands) 2025 $ - $ -
Schedule of Future Minimum Annual Lease Commitments [Table Text Block]	Operating September 30, Lease (in thousands) 2025 $ - $ -

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Current Federal $ 21 $ (262 ) $ (6 ) $ (382 ) State 27 (77 ) (17 ) (230 ) Deferred Federal 1,298 (1,277 ) 1,244 (4,373 ) Change in valuation allowance - 1,277 - 4,373 Total provision for income taxes $ 1,346 $ (339 ) $ 1,221 $ (612 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	September 30, December 31, 2024 2023 (in thousands) Deferred tax assets: NOL and capital loss carryforwards $ 6,725 $ 6,014 Business interest expense 3,485 2,534 Start-up costs (crude oil and condensate processing facility) 191 254 ARO liability/deferred revenue 630 946 Other 68 54 Total deferred tax assets 11,099 9,802 Deferred tax liabilities: Basis differences in property and equipment (8,419 ) (8,366 ) Total deferred tax liabilities (8,419 ) (8,366 ) 2,680 1,436 Deferred tax assets (liabilities), net $ 2,680 $ 1,436
Summary of Operating Loss Carryforwards [Table Text Block]	Net Operating Loss Carryforward Pre- Post- Ownership Ownership Change Change Total (in thousands) Balance at December 31, 2022 $ 5,147 $ 45,624 $ 50,771 Net operating losses used and expired (638 ) (21,493 ) (22,131 ) Balance at December 31, 2023 4,509 24,131 28,640 Net operating losses - 3,384 3,384 Balance at September 30, 2024 $ 4,509 $ 27,515 $ 32,024

Note 13 - Earnings and Divide_2

Note 13 - Earnings and Dividends Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands, (in thousands, except share and per share amounts) except share and per share amounts) Net income (loss) $ (5,000 ) $ 7,065 $ (4,726 ) $ 22,258 Basic and diluted earnings (loss) per share $ (0.34 ) $ 0.47 $ (0.32 ) $ 1.49 Basic and diluted shares used in computing earnings per share 14,921,968 14,921,968 14,921,968 14,921,968

Note 1 - Organization (Details

Note 1 - Organization (Details Textual)	9 Months Ended
	Sep. 30, 2024 bbl
Distillation Tower, Volume Per Day (Barrel of Oil)	15,000
Volume of Storage Tank Capacity (Barrel of Oil)	1,250,000
Number of Operating Segments	2
An Affiliate Combined with Jonathan Carroll [Member]
Ownership Percentage	83%

Note 2 - Principles of Consol_3

Note 2 - Principles of Consolidation and Significant Accounting Policies - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Cash and cash equivalents	$ 683	$ 18,713
Restricted cash, current	1,000	0
Restricted Cash, Noncurrent	0	5
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	$ 1,683	$ 18,718

Note 3 - Related-party Transa_3

Note 3 - Related-party Transactions (Details Textual) - USD ($) $ in Thousands					3 Months Ended		9 Months Ended		12 Months Ended	24 Months Ended
		Sep. 01, 2024	Apr. 01, 2024	May 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Apr. 30, 2027	May 31, 2021
Debt Instrument, Face Amount
Management Fee Expense					202	$ 149	628	$ 396
Operating Lease, Expense					300	300	900	700
Lazarus Energy Holdings (LEH) [Member]
Sublease Income					10	10	20	20
Management Fee Expense					200	100	600	400
Lazarus Energy Holdings (LEH) [Member] | Office Lease of Corporate Headquarters in Houston, Texas [Member]
Agreement Term (Year)		24 months
Sublease, Monthly Rent		$ 3
Sublease Income					10	10	20	30
Third Amended and Restated Operating Agreement [Member]
Agreement Term (Year)			1 year
Related Party Transaction, Written Notice Period (Year)			90 years
Management Fee Percentage			5%
Related Party [Member]
Line of Credit, Current					2,500		2,500		$ 0
Accounts Receivable, after Allowance for Credit Loss, Current					6,680		6,680		4,184
Accounts Payable					400		400		900
Nonrelated Party [Member]
Accounts Receivable, after Allowance for Credit Loss, Current					619		619		$ 116
Nonrelated Party [Member] | LEH Forbearance Agreement [Member]
Debt Instrument, Periodic Payment				$ 50
Repayments of Notes Payable					100	$ 200	300	$ 300
Nonrelated Party [Member] | LEH Forbearance Agreement [Member] | Forecast [Member]
Debt Instrument, Periodic Payment										$ 400
BDEC Guaranty Fee Agreement [Member] | Jonathan Carroll [Member]
Cash Fee, Percentage of Outstanding Principal Balance									2%
Jet Fuel Sales Agreement [Member] | Lazarus Energy Holdings (LEH) [Member]
Agreement Term (Year)			1 year
LE Amended and Restated Guaranty Fee Agreement [Member] | Jonathan Carroll [Member]
Cash Fee, Percentage of Outstanding Principal Balance									2%
Master Services Agreement [Member] | Ingleside Crude, LLC [Member]
Monthly Tank Rental Fee									$ 100
LRM Amended and Restated Guaranty Fee Agreement [Member] | Jonathan Carroll [Member]
Cash Fee, Percentage of Outstanding Principal Balance									2%
NPS Guaranty Fee Agreement [Member] | Jonathan Carroll [Member]
Cash Fee, Percentage of Outstanding Principal Balance									2%
Terminal Services Agreement [Member] | Lazarus Energy Holdings (LEH) [Member]
Monthly Tank Rental Fee									$ 200
Agreement, Renewal Period (Year)									1 year
BDEC Term Loan Due 2051 [Member] | Small Business Administration SBA [Member]
Debt Instrument, Face Amount									$ 2,000
BDEC Term Loan Due 2051 [Member] | Small Business Administration SBA [Member] | Nonrelated Party [Member]
Debt Instrument, Face Amount											$ 500
LE Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Debt Instrument, Face Amount									25,000
LE Term Loan Due 2034 [Member] | Veritex Community Bank [Member] | Nonrelated Party [Member]
Debt Instrument, Face Amount	[1]				25,000		25,000
Debt Instrument, Periodic Payment	[1]						300
LRM Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Debt Instrument, Face Amount									10,000
LRM Term Loan Due 2034 [Member] | Veritex Community Bank [Member] | Nonrelated Party [Member]
Debt Instrument, Face Amount	[1]				10,000		10,000
Debt Instrument, Periodic Payment	[1]						100
NPS Term Loan Due 2031 [Member] | Greater Nevada Credit Union (GNCU) [Member] | Jonathan Carroll [Member]
Debt Instrument, Face Amount									$ 10,000
NPS Term Loan Due 2031 [Member] | Greater Nevada Credit Union (GNCU) [Member] | Nonrelated Party [Member]
Debt Instrument, Face Amount	[2]				10,000		10,000
Debt Instrument, Periodic Payment	[2]						100
Affiliate Revolving Credit Agreement [Member] | Related Party [Member] | Revolving Credit Facility [Member]
Line of Credit, Current					$ 2,500		$ 2,500
[1]Restricted cash, noncurrent totaled $1.0 million and $0.0 at June 30, 2024 and December 31, 2023, respectively. Restricted cash, noncurrent reflects amounts held by Veritex in a payment reserve account, which is required to have a balance of $1.0 million. Although the amount at December 31, 2023 was $0, the payment reserve account was fully replenished on January 2, 2024.[2]Loan requires monthly interest-only payments for the first thirty-six (36) months. Afterwards, principal and interest payments are due monthly through loan maturity. First payment due in November 2024.

Note 3 - Related-party Transa_4

Note 3 - Related-party Transactions - Related Party Debt Agreements (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt instrument
Related Party [Member] | BDPL-LEH Loan Agreement [Member]
Debt instrument	$ 4,000
Maturity date	Aug. 31, 2018
Monthly payment	$ 40
Interest Rate	8%
Related Party [Member] | Revolving Credit Facility [Member] | Affiliate Revolving Credit Agreement [Member]
Maturity date	Apr. 30, 2025
Interest rate, variable	2%

Note 3 - Related-party Transa_5

Note 3 - Related-party Transactions - Related Party Debt Agreements (Details) (Parentheticals)	9 Months Ended
	Sep. 30, 2024
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Prime Rate [Member]

Note 3 - Related-party Transa_6

Note 3 - Related-party Transactions - Related Party Long-term Debt Outstanding (Details) - Related Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Less: Long-term debt, related party, current portion	$ (404)	$ 0
Less: Line of credit payable, related party	(2,500)	0
Less: Accrued interest payable, related party, current portion	(1,308)	0
Long Term Debt, Excluding Current Maturities, Including Interest Payable Noncurrent	3,596	5,308
Affiliate Revolving Credit Agreement [Member] | Revolving Credit Facility [Member]
Affiliate revolving credit agreement	2,500	0
Less: Line of credit payable, related party	(2,500)
Lazarus Energy Holdings (LEH) [Member]
LEH Total	7,808	5,308
Lazarus Energy Holdings (LEH) [Member] | BDPL-LEH Loan Agreement [Member]
BDPL-LEH Loan Agreement (in forbearance)	$ 5,308	$ 5,308

Note 3 - Related-party Transa_7

Note 3 - Related-party Transactions - Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue from operations	$ 82,109	$ 102,554	$ 242,790	$ 288,093
Percentage of revenues from operations	100%	100%	100%	100%
Lazarus Energy Holdings (LEH) [Member] | Refinery Operations [Member]
Revenue from operations	$ 21,185	$ 33,060	$ 84,591	$ 93,824
Percentage of revenues from operations	25.80%	32.20%	34.80%	32.60%
Lazarus Energy Holdings (LEH) [Member] | Tolling and Terminaling [Member]
Revenue from operations	$ 540	$ 540	$ 1,620	$ 0
Percentage of revenues from operations	0.70%	0.50%	0.70%	0%
Related Party [Member]
Interest expense, related party	$ 318	$ 370	$ 926	$ 1,101
Related Party [Member] | Jonathan Carroll [Member] | LE Term Loan Due 2034 [Member]
Interest expense, related party	96	101	291	304
Related Party [Member] | Jonathan Carroll [Member] | NPS Term Loan Due 2031 [Member]
Interest expense, related party	66	50	166	150
Related Party [Member] | Jonathan Carroll [Member] | LRM Term Loan Due 2034 [Member]
Interest expense, related party	40	42	121	126
Related Party [Member] | Jonathan Carroll [Member] | BDEC Term Loan Due 2051 [Member]
Interest expense, related party	10	10	30	30
Related Party [Member] | Lazarus Energy Holdings (LEH) [Member] | BDPL-LEH Loan Agreement [Member]
Interest expense, related party	106	167	318	491
Nonrelated Party [Member] | Refinery Operations [Member]
Revenue from operations	$ 60,095	$ 68,538	$ 155,152	$ 189,681
Percentage of revenues from operations	73.10%	66.90%	63.90%	65.80%
Nonrelated Party [Member] | Tolling and Terminaling [Member]
Revenue from operations	$ 289	$ 416	$ 1,427	$ 4,588
Percentage of revenues from operations	0.40%	0.40%	0.60%	1.60%

Note 4 - Revenue and Segment _3

Note 4 - Revenue and Segment Information (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Number of Reportable Segments	2
Revenue, Remaining Performance Obligation, Amount	$ 0

Note 4 - Revenue and Segment _4

Note 4 - Revenue and Segment Information - Contract Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jan. 01, 2024	Dec. 31, 2023	Jan. 01, 2023
Accounts receivable (including related-party), balance	$ 7,299	$ 4,300	$ 4,300	$ 1,148
Unearned revenue, balance	$ 2,721	$ 3,243	$ 3,243	$ 3,888

Note 4 - Revenue and Segment _5

Note 4 - Revenue and Segment Information - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Revenues from operations		$ 82,109		$ 102,554		$ 242,790	$ 288,093
Crude oil, fuel use, and chemicals		80,244		87,795		222,176	244,927
Other conversion costs		4,138		3,190		14,293	8,390
Intercompany processing fees		0		0		0	0
Tolling and terminaling costs		400		403		1,220	1,216
Depreciation and amortization		644		645		1,930	1,937
Total costs of goods sold		85,426		92,033		239,619	256,470
Depreciation and amortization		61		54		184	157
Interest and other non-operating expenses, net		(1,548)		(1,543)		(4,354)	(4,492)
Total costs and expenses		86,907		93,607		244,383	260,731
Income (loss) before income taxes		(6,346)		7,404		(5,947)	22,870
Income tax benefit (expense)		1,346		(339)		1,221	(612)
Net income (loss)		(5,000)		7,065		(4,726)	22,258
Corporate and Reconciling Items [Member]
Revenues from operations		0		0		0	0
Crude oil, fuel use, and chemicals		0		0		0	0
Other conversion costs		0		0		0	0
Tolling and terminaling costs		0		0		0	0
Depreciation and amortization		0		0		0	0
Total costs of goods sold		0	[1]	0	[1]	0	0
Other operating and general and administrative expenses(2)		844		840		2,858	1,979
Depreciation and amortization		61		54		184	157
Interest and other non-operating expenses, net		136		194		408	574
Total costs and expenses		1,041		1,088		3,450	2,710
Income (loss) before income taxes		(1,041)		(1,088)		(3,450)	(2,710)
Income tax benefit (expense)		1,346		(339)		1,221	(612)
Net income (loss)		305		(1,427)		(2,229)	(3,322)
Refinery Operations [Member]
Revenues from operations		81,280		101,598		239,743	283,505
Intercompany processing fees		(930)		(930)		(2,006)	(2,101)
Refinery Operations [Member] | Operating Segments [Member]
Revenues from operations		81,280		101,598		239,743	283,505
Crude oil, fuel use, and chemicals		80,244		87,795		222,176	244,927
Other conversion costs		5,068		4,120		16,299	10,491
Tolling and terminaling costs		0		0		0	0
Depreciation and amortization		302		303		904	911
Total costs of goods sold		84,684	[1]	91,288	[1]	237,373	254,228
Other operating and general and administrative expenses(2)		507		374		1,561	1,193
Depreciation and amortization		0		0		0	0
Interest and other non-operating expenses, net		900		847		2,440	2,456
Total costs and expenses		86,091		92,509		241,374	257,877
Income (loss) before income taxes		(4,811)		9,089		(1,631)	25,628
Income tax benefit (expense)		0		0		0	0
Net income (loss)		(4,811)		9,089		(1,631)	25,628
Refinery Operations [Member] | Intersegment Eliminations [Member]
Revenues from operations	[2]	0		0		0	0
Tolling and Terminaling [Member]
Revenues from operations		829		956		3,047	4,588
Intercompany processing fees		0		0		0	0
Tolling and Terminaling [Member] | Operating Segments [Member]
Revenues from operations		1,759		1,886		5,053	6,689
Crude oil, fuel use, and chemicals		0		0		0	0
Other conversion costs		0		0		0	0
Tolling and terminaling costs		400		403		1,220	1,216
Depreciation and amortization		342		342		1,026	1,026
Total costs of goods sold		742	[1]	745	[1]	2,246	2,242
Other operating and general and administrative expenses(2)		69		306		161	932
Depreciation and amortization		0		0		0	0
Interest and other non-operating expenses, net		512		502		1,506	1,462
Total costs and expenses		1,323		1,553		3,913	4,636
Income (loss) before income taxes		(494)		(597)		(866)	(48)
Income tax benefit (expense)		0		0		0	0
Net income (loss)		(494)		(597)		(866)	(48)
Tolling and Terminaling [Member] | Intersegment Eliminations [Member]
Revenues from operations	[2]	$ (930)		$ (930)		$ (2,006)	$ (2,101)
[1]Cost of goods sold within tolling and terminaling includes terminal operating expenses and an allocation of other costs (e.g., insurance and maintenance).[2]Intercompany processing fees relate to an intercompany tolling agreement associated with naphtha volumes.

Note 4 - Revenue and Segment _6

Note 4 - Revenue and Segment Information - Capital Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Capital expenditures	$ 0	$ 0	$ 0	$ 102
Refinery Operations [Member] | Operating Segments [Member]
Capital expenditures	$ 0	$ 0	$ 0	$ 102

Note 4 - Revenue and Segment _7

Note 4 - Revenue and Segment Information - Identifiable Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Identifiable assets	$ 102,283	$ 106,077
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Identifiable assets	4,812	3,048
Refinery Operations [Member] | Operating Segments [Member]
Identifiable assets	79,891	86,565
Tolling and Terminaling [Member] | Operating Segments [Member]
Identifiable assets	$ 17,580	$ 16,464

Note 5 - Prepaid Expenses and_3

Note 5 - Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Prepaid insurance	$ 1,583	$ 1,168
Other prepaids	520	230
Prepaid easement renewal fees	15	32
Prepaid crude oil and condensate	0	161
Prepaid Expense and Other Assets, Current	$ 2,118	$ 1,591

Note 6 - Inventory - Schedule o

Note 6 - Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory	$ 33,993	$ 24,576
HOBM [Member]
Inventory	23,391	5,144
Jet Fuel [Member]
Inventory	7,319	8,570
Naphtha [Member]
Inventory	1,905	8,782
Crude Oil and Condensate [Member]
Inventory	1,077	1,494
Chemicals [Member]
Inventory	177	160
AGO [Member]
Inventory	94	392
Propane [Member]
Inventory	30	24
LPG Mix [Member]
Inventory	$ 0	$ 10

Note 7 - Property, Plant and _3

Note 7 - Property, Plant and Equipment, Net - Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Refinery and facilities	$ 72,776	$ 72,675
Land	566	566
Other property and equipment	913	913
Property, Plant and Equipment, Gross, Excluding Construction in Progress	74,255	74,154
Less: Accumulated depreciation and amortization	(24,894)	(22,966)
Property, Plant and Equipment, Net, Excluding Construction in Progress	49,361	51,188
Construction in progress	3,669	3,770
Property, Plant and Equipment, Net	$ 53,030	$ 54,958

Note 8 - Accrued Expenses and_3

Note 8 - Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Insurance	$ 844	$ 467
Taxes payable	618	142
Accrued fines and penalties	407	522
Other payable	212	297
Board of director fees payable	63	250
Accrued Liabilities and Other Liabilities, Current	5,028	5,084
Contracts With Customers [Member]
Unearned revenue from contracts	2,721	3,243
Customer Deposits [Member]
Unearned revenue from contracts	$ 163	$ 163

Note 9 - Third-party Long-ter_3

Note 9 - Third-party Long-term Debt (Details Textual)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Apr. 30, 2023 USD ($)

Nov. 30, 2022 USD ($)

Oct. 31, 2021

May 31, 2021 USD ($)

Aug. 31, 2020

May 31, 2019

Sep. 30, 2024 USD ($) a

Sep. 30, 2023 USD ($)

Sep. 30, 2024 USD ($) a

Sep. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2017 USD ($)

Dec. 31, 2023 USD ($)

Jun. 30, 2006 USD ($)

Restricted Cash, Noncurrent

$ 0

$ 0

$ 5,000

Debt Instrument, Face Amount

Amortization of Debt Issuance Costs

152,000

$ 153,000

Repayments of Long-Term Debt

3,035,000

1,049,000

Small Business Administration SBA [Member] | BDEC Term Loan Due 2051 [Member]

Debt Instrument, Face Amount

2,000,000

Veritex Community Bank [Member] | LE Term Loan Due 2034 [Member]

Debt Instrument, Face Amount

25,000,000

Nonrelated Party [Member]

Amortization of Debt Issuance Costs

50,000

$ 50,000

100,000

100,000

Nonrelated Party [Member] | Kissick Forbearance Agreement [Member]

Debt Instrument, Periodic Payment

$ 500,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 400,000

Repayments of Notes Payable

1,500,000

$ 1,500,000

4,400,000

$ 3,500,000

Nonrelated Party [Member] | John Kissick [Member] | Kissick Debt [Member]

Debt Instrument, Face Amount

11,700,000

[1]

11,700,000

[1]

$ 8,000,000

Proceeds from Issuance of Debt

$ 3,700,000

Debt Instrument, Periodic Payment

[1]

500,000

Nonrelated Party [Member] | Greater Nevada Credit Union (GNCU) [Member] | NPS Term Loan Due 2031 [Member]

Debt Instrument, Face Amount

[2]

$ 10,000,000

10,000,000

Debt Instrument, Period of Interest Only Payments (Month)

36 months

Debt Instrument, Periodic Payment

[2]

$ 100,000

Area of Land (Acre) | a

56

56

Nonrelated Party [Member] | Small Business Administration SBA [Member]

Debt Instrument, Payment Deferral Period (Month)

30 months

Nonrelated Party [Member] | Small Business Administration SBA [Member] | BDEC Term Loan Due 2051 [Member]

Debt Instrument, Face Amount

$ 500,000

Proceeds from Issuance of Debt

$ 1,500,000

Debt Instrument, Payment Deferral Period (Month)

30 months

Nonrelated Party [Member] | Texas First Rentals, LLC [Member] | Equipment Loan Due 2025 [Member]

Debt Instrument, Face Amount

[3]

$ 70,000

$ 70,000

Debt Instrument, Term (Month)

12 months

Debt Instrument, Periodic Payment

[3]

1,300

Nonrelated Party [Member] | Veritex Community Bank [Member]

Repayments of Long-Term Debt

$ 4,300,000

Escrow Deposit

1,000,000

Legal Fees

$ 40,000

Nonrelated Party [Member] | Veritex Community Bank [Member] | LE Term Loan Due 2034 [Member]

Debt Instrument, Face Amount

[4]

25,000,000

25,000,000

Escrow Deposit

1,000,000

1,000,000

Debt Instrument, Periodic Payment

[4]

300,000

Debt Instrument, Collateral Amount

5,000,000

5,000,000

Nonrelated Party [Member] | Veritex Community Bank [Member]

Restricted Cash, Noncurrent

1,000,000

1,000,000

$ 0

Restricted Cash Noncurrent, Minimum Required Amount

$ 1,000,000

$ 1,000,000

[1]Original principal amount was $8.0 million; pursuant to a 2017 sixth amendment, principal under the Kissick Debt increased by $3.7 million.[2]Loan requires monthly interest-only payments for the first thirty-six (36) months. Afterwards, principal and interest payments are due monthly through loan maturity. First payment due in November 2024.[3]In May 2019, LE entered into 12-month equipment rental agreement with an option to purchase the backhoe at maturity; equipment rental agreement matured in May 2020; in October 2020, LE entered into the Equipment Loan Due 2025 to finance the backhoe purchase; backhoe used at the Nixon facility.[4]Restricted cash, noncurrent totaled $1.0 million and $0.0 at June 30, 2024 and December 31, 2023, respectively. Restricted cash, noncurrent reflects amounts held by Veritex in a payment reserve account, which is required to have a balance of $1.0 million. Although the amount at December 31, 2023 was $0, the payment reserve account was fully replenished on January 2, 2024.

Note 9 - Third-party Long-ter_4

Note 9 - Third-party Long-term Debt - Loan Agreements Summary (Details) - USD ($)		9 Months Ended
		Sep. 30, 2024		Dec. 31, 2023	Jun. 30, 2006
Debt instrument
LE Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Debt instrument				$ 25,000,000
LE Term Loan Due 2034 [Member] | Veritex Community Bank [Member] | Nonrelated Party [Member]
Debt instrument	[1]	$ 25,000,000
Maturity date	[1]	Jun. 30, 2034
Monthly principal and interest payment	[1]	$ 300,000
Interest rate, variable	[1]	2.75%
Interest rate, variable	[1]	2.75%
LRM Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Debt instrument				$ 10,000,000
LRM Term Loan Due 2034 [Member] | Veritex Community Bank [Member] | Nonrelated Party [Member]
Debt instrument	[1]	$ 10,000,000
Maturity date	[1]	Dec. 31, 2034
Monthly principal and interest payment	[1]	$ 100,000
Interest rate, variable	[1]	2.75%
Interest rate, variable	[1]	2.75%
Kissick Debt [Member] | John Kissick [Member] | Nonrelated Party [Member]
Debt instrument		$ 11,700,000	[2]		$ 8,000,000
Maturity date	[2]	Jan. 31, 2018
Monthly principal and interest payment	[2]	$ 500,000
Interest rate, variable	[2]	6.25%
Interest rate, variable	[2]	6.25%
NPS Term Loan Due 2031 [Member] | Greater Nevada Credit Union (GNCU) [Member] | Nonrelated Party [Member]
Debt instrument	[3]	$ 10,000,000
Maturity date	[3]	Oct. 31, 2031
Monthly principal and interest payment	[3]	$ 100,000
Interest rate, variable	[3]	5.75%
Interest rate, variable	[3]	5.75%
Blue Dolphin Term Loan Due 2051 [Member] | Small Business Administration SBA [Member] | Nonrelated Party [Member]
Debt instrument	[4]	$ 2,000,000
Maturity date	[4]	Jun. 30, 2051
Monthly principal and interest payment	[4]	$ 10,000
Interest rate, variable	[4]	3.75%
Interest rate, variable	[4]	3.75%
LE Term Loan Due 2050 [Member] | Small Business Administration SBA [Member] | Nonrelated Party [Member]
Debt instrument	[5]	$ 150,000
Maturity date	[5]	Aug. 31, 2050
Monthly principal and interest payment	[5]	$ 700
Interest rate, variable	[5]	3.75%
Interest rate, variable	[5]	3.75%
NPS Term Loan Due 2050 [Member] | Small Business Administration SBA [Member] | Nonrelated Party [Member]
Debt instrument	[5]	$ 150,000
Maturity date	[5]	Aug. 31, 2050
Monthly principal and interest payment	[5]	$ 700
Interest rate, variable	[5]	3.75%
Interest rate, variable	[5]	3.75%
Equipment Loan Due 2025 [Member] | Texas First Rentals, LLC [Member] | Nonrelated Party [Member]
Debt instrument	[6]	$ 70,000
Maturity date	[6]	Oct. 31, 2025
Monthly principal and interest payment	[6]	$ 1,300
Interest rate, variable	[6]	4.50%
Interest rate, variable	[6]	4.50%
[1]Restricted cash, noncurrent totaled $1.0 million and $0.0 at June 30, 2024 and December 31, 2023, respectively. Restricted cash, noncurrent reflects amounts held by Veritex in a payment reserve account, which is required to have a balance of $1.0 million. Although the amount at December 31, 2023 was $0, the payment reserve account was fully replenished on January 2, 2024.[2]Original principal amount was $8.0 million; pursuant to a 2017 sixth amendment, principal under the Kissick Debt increased by $3.7 million.[3]Loan requires monthly interest-only payments for the first thirty-six (36) months. Afterwards, principal and interest payments are due monthly through loan maturity. First payment due in November 2024.[4]Original principal amount was $0.5 million; the Blue Dolphin Term Loan Due 2051 was modified to increase the principal amount by $1.5 million. Payments deferred for thirty (30) months; first payment due and paid in November 2023; interest accrues during deferral period; loan not forgivable.[5]Payments deferred for thirty (30) months; first payment made in February 2023; interest accrued during deferral period; loan not forgivable.[6]In May 2019, LE entered into 12-month equipment rental agreement with an option to purchase the backhoe at maturity; equipment rental agreement matured in May 2020; in October 2020, LE entered into the Equipment Loan Due 2025 to finance the backhoe purchase; backhoe used at the Nixon facility.

Note 9 - Third-party Long-ter_5

Note 9 - Third-party Long-term Debt - Outstanding Debt (Details) - Nonrelated Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Long-term debt	$ 42,349	$ 47,728
Less: Long-term debt, net, current portion	(13,895)	(39,440)
Less: Unamortized debt issue costs	(1,794)	(1,947)
Less: Accrued interest payable, current portion	(253)	(2,596)
Long-Term Debt, Excluding Current Maturities	26,407	3,745
Veritex Community Bank [Member] | LE Term Loan Due 2034 [Member]
Long-term debt	19,072	19,858
Veritex Community Bank [Member] | LRM Term Loan Due 2034 [Member]
Long-term debt	7,968	8,260
John Kissick [Member] | Kissick Debt [Member]
Long-term debt	2,894	7,147
Greater Nevada Credit Union (GNCU) [Member] | NPS Term Loan Due 2031 [Member]
Long-term debt	9,975	9,975
Small Business Administration SBA [Member] | BDEC Term Loan Due 2051 [Member]
Long-term debt	2,103	2,135
Small Business Administration SBA [Member] | LE Term Loan Due 2050 [Member]
Long-term debt	159	162
Small Business Administration SBA [Member] | NPS Term Loan Due 2050 [Member]
Long-term debt	159	162
Texas First Rentals, LLC [Member] | Equipment Loan Due 2025 [Member]
Long-term debt	$ 18	$ 29

Note 9 - Third-party Long-ter_6

Note 9 - Third-party Long-term Debt - Unamortized Debt Issuance Costs (Details) - Nonrelated Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Less: Accumulated amortization	$ (1,378)	$ (1,225)
Debt Issuance Costs, Net	1,794	1,947
Veritex Community Bank [Member] | LE Term Loan Due 2034 [Member]
Unamortized debt issue costs, gross	1,674	1,674
Veritex Community Bank [Member] | LRM Term Loan Due 2034 [Member]
Unamortized debt issue costs, gross	768	768
Greater Nevada Credit Union (GNCU) [Member] | NPS Term Loan Due 2031 [Member]
Unamortized debt issue costs, gross	$ 730	$ 730

Note 9 - Third-party Long-ter_7

Note 9 - Third-party Long-term Debt - Accrued Interest (Details) - Nonrelated Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accrued interest	$ 253	$ 2,596
Less: Accrued interest payable, current portion	(253)	(2,596)
Long-term interest payable, net of current portion	0	0
Kissick Debt [Member] | John Kissick [Member]
Accrued interest	0	2,169
LE Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Accrued interest	46	181
LRM Term Loan Due 2034 [Member] | Veritex Community Bank [Member]
Accrued interest	69	70
NPS Term Loan Due 2031 [Member] | Greater Nevada Credit Union (GNCU) [Member]
Accrued interest	17	17
BDEC Term Loan Due 2051 [Member] | Small Business Administration SBA [Member]
Accrued interest	103	135
LE Term Loan Due 2050 [Member] | Small Business Administration SBA [Member]
Accrued interest	9	12
NPS Term Loan Due 2053 [Member] | Small Business Administration SBA [Member]
Accrued interest	$ 9	$ 12

Note 10 - AROs (Details Textual

Note 10 - AROs (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Increase (Decrease) in Asset Retirement Obligations			$ (1,505)	$ 0
Asset Retirement Obligation, Accretion Expense	$ 0	$ 0	0	$ 59	$ 59
Asset Retirement Obligation					4,504	$ 3,710
Blue Dolphin Pipe Line Company (BDPL) [Member]
Asset Retirement Obligation, Liabilities Settled			1,500		800
Asset Retirement Obligation, Liabilities Incurred			900
Increase (Decrease) in Asset Retirement Obligations					1,600
Asset Retirement Obligation, Accretion Expense					60
Asset Retirement Obligation	3,000		3,000		4,500
Blue Dolphin Pipe Line Company (BDPL) [Member] | Bureau of Safety and Environmental Enforcement (BSEE) [Member]
Estimated Litigation Liability	0		0		0
Asset Retirement Obligation	$ 3,000		$ 3,000		$ 4,500

Note 10 - AROs - ARO Liability

Note 10 - AROs - ARO Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
AROs balance			$ 4,504	$ 3,710	$ 3,710
Changes in estimates of existing obligations			0		1,558
Liabilities settled	$ (1,505)		(1,505)		(823)
Accretion of asset retirement obligations	0	$ 0	0	$ 59	59
Less: AROs, current portion	(2,999)		(2,999)		(4,504)
AROs balance	$ 0		$ 0		$ 0

Note 11 - Lease Obligations (De

Note 11 - Lease Obligations (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Oct. 31, 2024
Operating Lease, Expense	$ 300	$ 300	$ 900	$ 700
Lazarus Energy Holdings (LEH) [Member]
Sublease Income	10	10	20	20
Office Lease of Corporate Headquarters in Houston, Texas [Member] | Lazarus Energy Holdings (LEH) [Member]
Sublease Income	$ 10	$ 10	$ 20	$ 30
Office Lease of Corporate Headquarters in Houston, Texas [Member] | Subsequent Event [Member]
Lessee, Operating Lease, Term of Contract (Month)					24 months

Note 11 - Lease Obligations - L

Note 11 - Lease Obligations - Lease-related Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating lease ROU assets	$ 0	$ 787
Less: Accumulated amortization on operating lease assets	0	(629)
Total lease assets	0	158
Operating lease, current	0	147
Operating lease, noncurrent	0	0
Total lease liabilities	$ 0	$ 147

Note 11 - Lease Obligations - W

Note 11 - Lease Obligations - Weighted Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2024	Dec. 31, 2023
Operating lease, Weighted average remaining lease term in years (Year)		8 months 1 day
Operating lease, Weighted average discount rate	0%	8.25%

Note 11 - Lease Obligations -_2

Note 11 - Lease Obligations - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating lease costs	$ 41	$ 55	$ 165	$ 158
Short-term lease expense, related party	300	300	900	700
Total lease cost	$ 341	$ 355	$ 1,065	$ 858

Note 11 - Lease Obligations - S

Note 11 - Lease Obligations - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating cash flows for operating lease	$ 38	$ 57	$ 147	$ 172

Note 11 - Lease Obligations - M

Note 11 - Lease Obligations - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2025	$ 0

Note 11 - Lease Obligations - F

Note 11 - Lease Obligations - Future Minimum Annual Lease Commitments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2025	$ 0

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2012
Operating Loss Carryforwards	$ 32,024	$ 28,640	$ 50,771	$ 16,300
Operating Loss Carryforwards, Estimate of Annual Use Limitation				600
Operating Loss Carryforwards, Estimate of Expiring Unused				$ 6,700

Note 12 - Income Taxes - Provis

Note 12 - Income Taxes - Provision for Income Tax Benefit (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Federal	$ 21	$ (262)	$ (6)	$ (382)
State	27	(77)	(17)	(230)
Federal	1,298	(1,277)	1,244	(4,373)
Change in valuation allowance	0	1,277	0	4,373
Total provision for income taxes	$ 1,346	$ (339)	$ 1,221	$ (612)

Note 12 - Income Taxes - Deferr

Note 12 - Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
NOL and capital loss carryforwards	$ 6,725	$ 6,014
Business interest expense	3,485	2,534
Start-up costs (crude oil and condensate processing facility)	191	254
ARO liability/deferred revenue	630	946
Other	68	54
Total deferred tax assets	11,099	9,802
Basis differences in property and equipment	(8,419)	(8,366)
Total deferred tax liabilities	(8,419)	(8,366)
Deferred Tax Assets (Liabilities), Gross	2,680	1,436
Deferred tax assets (liabilities), net	$ 2,680	$ 1,436

Note 12 - Income Taxes - NOL Ca

Note 12 - Income Taxes - NOL Carryforwards (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Balance	$ 28,640	$ 50,771
Net operating losses used and expired	3,384	(22,131)
Balance	32,024	28,640
Pre-Ownership Change [Member]
Balance	4,509	5,147
Net operating losses used and expired	0	(638)
Balance	4,509	4,509
Post-ownership change [Member]
Balance	24,131	45,624
Net operating losses used and expired	3,384	(21,493)
Balance	$ 27,515	$ 24,131

Note 13 - Earnings and Divide_3

Note 13 - Earnings and Dividends Per Share (Details Textual) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted Average Number of Shares Outstanding, Diluted, Adjustment (in shares)	0	0	0	0

Note 13 - Earnings and Divide_4

Note 13 - Earnings and Dividends Per Share - Reconciliation Between Basic and Diluted Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ (5,000)	$ 7,065	$ (4,726)	$ 22,258
Basic and diluted earnings (loss) per share (in dollars per share)	$ (0.34)	$ 0.47	$ (0.32)	$ 1.49
Basic and diluted shares used in computing earnings per share (in shares)	14,921,968	14,921,968	14,921,968	14,921,968

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual)			1 Months Ended							9 Months Ended	11 Months Ended
	Feb. 19, 2024 USD ($)	May 09, 2019	Oct. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Apr. 30, 2023 USD ($)	Jan. 31, 2023 USD ($)	Oct. 31, 2021 USD ($)	Sep. 30, 2024 USD ($)	Nov. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Oct. 24, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 24, 2022 bbl	Mar. 31, 2018 USD ($)	Feb. 28, 2018 USD ($)
Loss Contingency, Estimate of Possible Loss				$ 1,505,000						$ 1,505,000		$ 823,000
Asset Retirement Obligation												4,504,000		$ 3,710,000
Payments for Loans						$ 200,000	$ 1,100,000	$ 1,500,000
Proceeds from Sale of Oil and Gas Property and Equipment							$ 185,000
Surety Bonds				1,255,000						1,255,000		230,000
Civil Penalty													$ 200,000
RLI Filing for Injunction of Payment [Member] | Pending Litigation [Member]
Loss Contingency, Damages Sought, Value	$ 1,000,000
RLI Filing for Injunction of Payment [Member] | Settled Litigation [Member]
Payments for Legal Settlements			$ 100,000	300,000
Informal Settlement Agreement With OSHA [Member]
Litigation Settlement, Fee Expense											$ 50,000
TCEQ Proposed Agreed Order [Member] | Pending Litigation [Member]
Estimated Litigation Liability				400,000						400,000
Loss Contingency, Damages Sought, Value					$ 350,000				$ 400,000
Rli Surety Bonds [Member]
Customer Funds				1,250,000						1,250,000
Collateralized Financings				200,000						200,000
Letters of Credit Outstanding, Amount				1,000,000						$ 1,000,000
Guarantor Obligations, Liquidation Proceeds, Percentage										50%
Rli Surety Bonds [Member] | Minimum [Member]
Customer Funds				1,250,000						$ 1,250,000
Rli Surety Bonds [Member] | Maximum [Member]
Customer Funds				300,000						300,000
Blue Dolphin Pipe Line Company (BDPL) [Member]
Asset Retirement Obligation				3,000,000						3,000,000		4,500,000
Blue Dolphin Pipe Line Company (BDPL) [Member] | Bureau of Safety and Environmental Enforcement (BSEE) [Member]
Estimated Litigation Liability				0						0		0
Asset Retirement Obligation				3,000,000						3,000,000		4,500,000
Blue Dolphin Pipe Line Company (BDPL) [Member] | Bureau of Safety and Environmental Enforcement (BSEE) [Member] | Civil Penalty [Member]
Loss Contingency, Estimate of Possible Loss													$ 200,000
Blue Dolphin Pipe Line Company (BDPL) [Member] | Bureau of Ocean Energy Management (BOEM) [Member]
Estimated Litigation Liability				0						0
Financial Assurance for Decommissioning of Pipeline in Federal Waters																	$ 900,000
Additional Financial Assurance for Pipeline Rights-of-way																$ 4,800,000
Number of Pipeline Rights-of-way																5
Financial Assurance Increase (decrease) For Pipeline																$ 3,900,000
Surety Bonds				900,000						900,000		$ 900,000
Credit-baked Surety Bonds				700,000						700,000
Cash-backed Surety Bonds				$ 200,000						$ 200,000
Pilot Travel Centers LLC [Member] | Terminal Services Agreement With Nixon [Member]
Long-Term Purchase Commitment, Non-renewal Period (Day)		60 days
Oil and Gas Properties, Volume Sold (Barrel of Oil) | bbl															185,000

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - Office Lease of Corporate Headquarters in Houston, Texas [Member]	1 Months Ended
	Oct. 31, 2024 USD ($) ft²	Sep. 01, 2025 USD ($)	Nov. 01, 2024 USD ($)
Total Rental Area, Increase (Decrease) in Period (Square Foot) | ft²	2,268
Forecast [Member]
Rent per Square Foot		$ 30
Subsequent Event [Member]
Lessee, Operating Lease, Term of Contract (Month)	24 months
Rent per Square Foot			$ 29
Total Rental Area (Square Foot) | ft²	9,961
Improvement Allowance per Square Foot	$ 1.5
Subsequent Event [Member] | Lazarus Energy Holdings (LEH) [Member]
Lessor, Operating Lease, Term of Contract (Month)	24 months
Sublease, Monthly Rental Income	$ 3,000
Subsequent Event [Member] | Maximum [Member]
Lessee, Operating Lease, Monthly Rent Expense for Basic Building Costs	$ 1,500