Notes Receivable	9 Months Ended
Sep. 30, 2017
Note Receivable [Abstract]
NOTES RECEIVABLE	3. NOTES RECEIVABLE On May 25, 2017, the Company loaned $250,000 to SCO for the development of a gas field in northern California. SCO is using the funds provided to work over 2 wells and puncture in different pay zones, expecting close to virgin pressures. The note carries a 9% interest, an 18-month maturity, and has an equity kicker of 3.5% in SCO which we determined to have a value of zero. The note will also be prepaid from 25% of the production in the new wells. On July 26, 2017, the Company made a $50,000 loan to Landmaster for a term of 18 months and annual interest of 9% for the re-entry of two oil wells in Haskell County, Texas. The Company was also granted a 3.75% carried interest in the two wells with the option to participate at the same interest in future wells on the property. The 3.75% carried interest (3% NRI) in the two wells in the Kieke Lease with a fair value of $44,703 was recorded as an oil and gas property and a discount to the loan made to Landmaster and amortized over the term of the note. During the nine months ended September 30, 2017, amortization credited to interest income was $2,484. The Company has performed an analysis of the notes receivable balance under ASC 810-10, and has determined the note receivable in SCO is a variable interest and that SCO is a variable interest entity (“VIE”) and depends on the Company, as well as additional parties, for continuing financial support in order to maintain operations. However, the Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. Landmaster is not considered a VIE. The Company’s maximum exposure to loss approximates to the carrying value of the notes receivable balance at September 30, 2017. Variable Interest Entity The Company has performed an analysis of the notes receivable balance under ASC 810-10, and has determined the note receivable in SCO is a variable interest and that SCO is a variable interest entity (“VIE”) and depends on the Company, as well as additional parties, for continuing financial support in order to maintain operations. However, the Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. The Company’s maximum exposure to loss approximates to the carrying value of the notes receivable balance at September 30, 2017. The Company has performed an analysis of the note receivable balance under ASC 810-10, and has determined that Landmaster is not a variable interest entity (“VIE”) and does not depend on the Company for continuing financial support to maintain operations.

Notes Receivable

9 Months Ended

Sep. 30, 2017

3. NOTES RECEIVABLE

On May 25, 2017, the Company loaned $250,000 to SCO for the development of a gas field in northern California. SCO is using the funds provided to work over 2 wells and puncture in different pay zones, expecting close to virgin pressures.

The note carries a 9% interest, an 18-month maturity, and has an equity kicker of 3.5% in SCO which we determined to have a value of zero. The note will also be prepaid from 25% of the production in the new wells.

On July 26, 2017, the Company made a $50,000 loan to Landmaster for a term of 18 months and annual interest of 9% for the re-entry of two oil wells in Haskell County, Texas. The Company was also granted a 3.75% carried interest in the two wells with the option to participate at the same interest in future wells on the property. The 3.75% carried interest (3% NRI) in the two wells in the Kieke Lease with a fair value of $44,703 was recorded as an oil and gas property and a discount to the loan made to Landmaster and amortized over the term of the note. During the nine months ended September 30, 2017, amortization credited to interest income was $2,484.

The Company has performed an analysis of the notes receivable balance under ASC 810-10, and has determined the note receivable in SCO is a variable interest and that SCO is a variable interest entity (“VIE”) and depends on the Company, as well as additional parties, for continuing financial support in order to maintain operations. However, the Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. Landmaster is not considered a VIE. The Company’s maximum exposure to loss approximates to the carrying value of the notes receivable balance at September 30, 2017.

Variable Interest Entity

The Company has performed an analysis of the notes receivable balance under ASC 810-10, and has determined the note receivable in SCO is a variable interest and that SCO is a variable interest entity (“VIE”) and depends on the Company, as well as additional parties, for continuing financial support in order to maintain operations. However, the Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. The Company’s maximum exposure to loss approximates to the carrying value of the notes receivable balance at September 30, 2017. The Company has performed an analysis of the note receivable balance under ASC 810-10, and has determined that Landmaster is not a variable interest entity (“VIE”) and does not depend on the Company for continuing financial support to maintain operations.