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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash $ 342,373 $ 868,548
Accounts Receivable, Net of Allowance 0 7,077
Other Current Assets 312,583 34,211
Total Current Assets 654,956 909,836
Oil and gas properties,full cost method    
Proved developed producing oil and gas properties, net 73,804 74,877
Total oil and gas properties, net 73,804 74,877
Equity method investment 28,858,631 15,830,538
Total Assets 29,587,391 16,815,251
Current Liabilities    
Accounts Payable 1,264,494 996,382
Accrued expenses and other current liabilities 823,292 67,397
Current Taxes Payable 3,000 3,000
Derivative Liability 132,161,991 93,981,234
Total Current Liabilities 134,252,777 95,048,013
Long-term debt - net of current portion 18,000,000 18,000,000
Asset Retirement Obligations 50,718 46,748
Total Liabilities 152,303,495 113,094,761
Temporary Equity    
Preferred Stock Series C, 3,983 and 2,093 shares issued and outstanding, respectively, liquidation preference of $137,274,095 and $72,135,245, respectively 12,623,046 5,946,052
Stockholders' Deficit    
Common stock, 250,000,000 shares authorized of $0.001 par value, 38,489,739 and 25,000,000 shares issued and outstanding as of March 31, 2021 and December31, 2020 38,491 25,000
Additional Paid-in Capital 221,012,998 209,362,384
Accumulated Deficit (356,390,639) (311,612,946)
Total Stockholders' Deficit (135,339,150) (102,225,562)
Total liabilites and Stockholders Deficit $ 29,587,391 $ 16,815,251