SUPPLEMENTAL INFORMATION ON OIL AND GAS EXPLORATION, DEVELOPMENT AND PRODUCTION ACTIVITIES (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2021

Extractive Industries [Abstract]

SCHEDULE OF OIL AND GAS REVENUES AND LEASE OPERATING EXPENSES

The following table shows the Company’s oil and gas revenues and lease operating expenses, which excludes the joint venture expenses incurred in South America, by geographic area:

	2021		2020
Revenues
North America	$	1,330,198	$	552,345
South America		—		—
	$	1,330,198	$	552,345
Production Cost
North America	$	626,210	$	403,974
South America		—		—
	$	626,210	$	403,974

CAPITALIZED COSTS AND ACCUMULATED DEPLETION RELATING TO OIL AND GAS PRODUCING ACTIVITIES

Capitalized costs and accumulated depletion relating to the Company’s oil and gas producing activities as of December 31, 2021, all of which are onshore properties located in the United States and Colombia, South America are summarized below:

	United States			South America			Total
Unproved properties not being amortized	$	—		$	2,343,126		$	2,343,126
Proved properties being amortized		13,326,568			49,444,654			62,771,222
Accumulated depreciation, depletion, amortization and impairment		(10,861,936	)		(49,444,654	)		(60,306,590	)
Net capitalized costs	$	2,464,632		$	2,343,126		$	4,807,758

COSTS INCURRED IN OIL AND GAS PROPERTY ACQUISITION, EXPLORATION AND DEVELOPMENT ACTIVITIES

Costs incurred in oil and gas property acquisition, exploration and development activities as of December 31, 2021 and 2020 are summarized below:

	2021
	United States		South America
Property acquisition costs:
Proved	$	19,835	$	—
Unproved		—		—
Exploration costs		—		—
Development costs		22,971		—
Total costs incurred	$	42,806	$	—

	2020
	United States		South America
Property acquisition costs:
Proved	$	3,521	$	—
Unproved		1,503,349		—
Exploration costs		—		—
Development costs		3,006		—
Total costs incurred	$	1,509,876	$	—

SCHEDULE OF PROVED DEVELOPED AND UNDEVELOPED RESERVES BY PRODUCT TYPE

Total estimated proved developed and undeveloped reserves by product type and the changes therein are set forth below for the years indicated.

	United States						South America				Total
	Gas (mcf)			Oil (bbls)			Gas (mcf)		Oil (bbls)		Gas (mcf)			Oil (bbls)
Total proved reserves
Balance December 31, 2019		2,010,669			247,236			—		—		2,010,669			247,236
Revisions of prior estimates		(1,176,962	)		(139,338	)		—		—		(1,176,962	)		(139,338	)
Production		(69,443	)		(11,385	)		—		—		(69,443	)		(11,385	)
Balance December 31, 2020		764,274			96,513			—		—		764,274			96,513
Revisions to prior estimates		202,713			12,405			—		—		202,713			12,405
Production		(60,069	)		(14,367	)		—		—		(60,069	)		(14,367	)
Balance December 31, 2021		906,918			94,551			—		—		906,918			94,551
Proved developed reserves
at December 31, 2020		764,274			96,513			—		—		764,274			96,513
at December 31, 2021		906,918			94,551			—		—		906,918			96,513
Proved undeveloped reserves
at December 31, 2020		—			—			—		—		—			—
at December 31, 2021		—			—			—		—		—			—

STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS

Standardized measure of discounted future net cash flows at December 31, 2021:

	United States			South America		Total
Future cash flows from sales of oil and gas	$	11,281,236		$	—	$	11,281,236
Future production cost		(4,726,717	)		—		(4,726,717	)
Future development cost		—			—		—
Future net cash flows		6,554,519			—		6,554,519
10% annual discount for timing of cash flow		(3,173,541	)		—		(3,173,541	)
Standardized measure of discounted future net cash flow relating to proved oil and gas reserves	$	3,380,978		$	—	$	3,380,978
Changes in standardized measure:
Change due to current year operations Sales, net of production costs	$	(678,014	)	$	—	$	(678,014	)
Change due to revisions in standardized variables:
Accretion of discount		117,413			—		117,413
Net change in sales and transfer price, net of production costs		2,650,901			—		2,650,901
Net change in future development cost		—			—		—
Discoveries		—			—		—
Revision and others		786,094			—		786,094
Changes in production rates and other		(669,548	)		—		(669,548	)
Net		2,206,846			—		2,206,846
Beginning of year		1,174,132			—		1,174,132
End of year	$	3,380,978		$	—	$	3,380,978

Standardized measure of discounted future net cash flows at December 31, 2020:

	United States			South America		Total
Future cash flows from sales of oil and gas	$	4,967,430		$	—	$	4,967,430
Future production cost		(3,127,015	)		—		(3,127,015	)
Future development cost		—			—		—
Future net cash flows		1,840,415			—		1,840,415
10% annual discount for timing of cash flow		(666,283	)		—		(666,283	)
Standardized measure of discounted future net cash flow relating to proved oil and gas reserves	$	1,174,132		$	—	$	1,174,132
Changes in standardized measure:
Change due to current year operations Sales, net of production costs	$	(171,448	)	$	—	$	(171,448	)
Change due to revisions in standardized variables:
Accretion of discount		356,609			—		356,609
Net change in sales and transfer price, net of production costs		(2,859,773	)		—		(2,859,773	)
Net change in future development cost		—			—		—
Discoveries		—			—		—
Revision and others		(1,164,932	)		—		(1,164,932	)
Changes in production rates and other		1,447,583			—		1,447,583
Net		(2,391,961	)		—		(2,391,961	)
Beginning of year		3,566,093			—		3,566,093
End of year	$	1,174,132		$	—	$	1,174,132