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12. SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
12. SUBSEQUENT EVENT

NOTE 12: SUBSEQUENT EVENT

 

On July 31, 2015, the Company issued 345,000 shares of its common stock valued at $27,600 to three investors for investing $345,000 in NWE Oil & Gas Program #1 LP (See Note 10). The common shares were valued at the closing share price of common stock on the date investors purchased ownership interest in the partnership.

 

On August 5, 2015, the Company and Series A preferred stockholders mutually agreed to accept 1,270,000 shares of common stock of the Company in full settlement of $47,847 preferred stock dividend due and payable to them as of June 30, 2015 (See Note 10).