XML 29 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Notes Receivable (Details) - USD ($)
1 Months Ended 9 Months Ended
Jul. 26, 2017
May 25, 2017
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Notes Receivable (Textual)          
Discounted loan to landmaster     $ 102,203  
Natural gas property, description   SCO is using the funds provided to work over 2 wells and puncture in different pay zones, expecting close to virgin pressures.      
Description of interest rate terms     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.    
Amortization of note receivable discount     $ (2,484)  
SCO [Member]          
Notes Receivable (Textual)          
Loaned amount   $ 250,000      
Landmaster [Member]          
Notes Receivable (Textual)          
Loaned amount $ 50,000        
Discounted loan to landmaster $ 44,703        
Description of interest rate terms 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 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.        
Term of loans 18 months        
Interest rate of loans 9.00%        
Retains interest rate of loans 3.75%