Common Stock
Statement, Equity Components [Axis]
Additional Paid-In Capital
Deficit accumulated During Development Stage
Stockholders' Equity South Uintah Gas Properties, Inc.
Noncontrolling Interest
Stockholders' Equity South Uintah Gas Properties, Inc.
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Statement of Financial Position [Abstract]
Assets
Cash
Deposits
Total Current Assets
Other assets:
Farmout Agreement
Oil and Gas Leases
Total Other Assets
Total Assets
Liabilities and Stockholders' (Deficit) Equity
Accounts payable
Accrued liabilities
Convertible notes payable
Stock subscriptions payable
Notes payable, other
Total Current Liabilities
Long term note payable
Total liabilities
Stockholders' (Deficit) Equity
Preferred stock, $0.001 par value; 25,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value; 50,000,000 shares authorized, 13,925,931 and 9,375,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively
Additional paid-in capital
Deficit accumulated during the development stage
Total Stockholders' (Deficit) Equity
Non-controlling interest
Total stockholders' (deficit) equity including non-controlling interest
Total liabilities and stockholders' (deficit) equity
Stockholders Equity
Preferred stock, par value
Preferred Stock shares authorized
Common stock, par value
Common Stock shares authorized
Common stock shares issued
Common Stock shares outstanding
Income Statement [Abstract]
Revenue:
Operational expenses:
Office expenses
Goodwill write off/impairment
Consulting fees
Impairment of farmout
Impairment of intercompany receivable
Professional fees
Total operational expenses
Other Income (Expenses)
Interest expense
Total other income (expense)
Net loss
Less: Loss contributable to non-controlling interest
Net loss attibutable to South Uintah Gas Properties
Per share information
Net loss per common share - Basic
Net loss per common share - Fully diluted
Weighted average number of common stock outstanding
Statement [Table]
Statement [Line Items]
Opening Balance, shares
Opening Balance, amount
Issuance of stock for cash, shares
Issuance of stock for cash, amount
Issuance of Founder Shares for services, Shares
Issuance of Founder Shares for services, Amount
Issuance of Common Stock for oil and gas leases, Shares
Issuance of Common Stock for oil and gas leases, Amount
Shares cancelled in exchange for Hinto shares held by South Unitah, Shares
Shares cancelled in exchange for Hinto shares held by South Unitah, Amount
Issuance of shares for consulting, Shares
Issuance of shares for consulting, Amount
Issuance of stock for cash by Hinto
Shareholder capital contribution
Minority interest at purchase of majority interest in subsidiary
Issuance of shares for services, Shares
Issuance of shares for services, Amount
Net Loss
Recapitalization, due to reverse merger, Shares
Recapitalization, due to reverse merger, Amount
Conversion of notes to common stock, Shares
Conversion of notes to common stock, Amount
Ending Balance, shares
Ending Balance, amount
Statement of Cash Flows [Abstract]
Cash Flows from Operating Activities:
Adjustments to net loss for non-cash items:
Intercompany borrowings
Accrued interest converted to stock
Write down of goodwill in subsidiary
Compensatory stock issuances
Adjustments to reconcile net loss to net cash used in operating activities:
(Increase) decrease in deposits and advances
Increase in advances to parent company
Increase in accounts payable
Increase in accrued liabilities
Increase in accrued interest
Increase in stock subscription payable
Net Cash Used by Operating Activities
Cash Flows from Investing Activities
Investment in Garner Investments, Inc.
Investment in well
Purchase of Oil and Gas leases
Net Cash Used in Investing Activities
Cash Flows from Financing Activities:
Proceeds from convertible promissory notes
Proceeds from other notes payable
Payments on other notes payable
Proceeds from shareholder contribution
Proceeds from stock sales
Net Cash Provided by Financing Activities
Net Increase (decrease) in Cash
Cash and Cash Equivalents - Beginning of Period
Cash and Cash Equivalents - End of Period
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest expense
Cash paid for income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:
Net deficit of subsidiary on purchase
Issuance of notes payable for assets
Issuance of common stock for accounts payable
Issuance of common stock for oil lease
Notes to Financial Statements
BUSINESS, BASIS OF PRESENTATION AND ACCOUNTING POLICIES
GOING CONCERN AND MANAGEMENTS' PLAN
OIL AND GAS LEASES
INVESTMENT IN HINTO ENERGY, INC.
CURRENT LIABILITIES
LONG TERM NOTE PAYABLE
NOTES PAYABLE, OTHER
STOCKHOLDERS' EQUITY
WARRANTS
INCOME TAXES
SHARE PURCHASE AND EXCHANGE AGREEMENT
RELATED PARTY TRANSACTIONS
LEGAL MATTERS
SUBSEQUENT EVENTS
StockholdersEquitySouthUintahGasPropertiesIncMember
Assets, Current
Other Assets, Noncurrent
Assets [Default Label]
Liabilities, Current
Liabilities
Development Stage Enterprise, Deficit Accumulated During Development Stage
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity
Operating Expenses
Interest Expense
Nonoperating Income (Expense)
Net Income (Loss) Attributable to Noncontrolling Interest
Net Income (Loss) Attributable to Parent
Shares, Issued
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Interest in Subsidiaries and Affiliates
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Oil and Gas Property
Net Cash Provided by (Used in) Investing Activities
Repayments of Other Debt
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, at Carrying Value