XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
BALANCE SHEETS (USD $)
Dec. 31, 2014
Sep. 30, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 2,832us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,211us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 16,311us-gaap_AccountsReceivableNetCurrent 15,891us-gaap_AccountsReceivableNetCurrent
Prepaid expenses 12,160us-gaap_PrepaidExpenseCurrentAndNoncurrent 12,160us-gaap_PrepaidExpenseCurrentAndNoncurrent
Total current assets 31,303us-gaap_AssetsCurrent 29,262us-gaap_AssetsCurrent
Available for sale securities 52,398us-gaap_AvailableForSaleSecuritiesNoncurrent 52,379us-gaap_AvailableForSaleSecuritiesNoncurrent
Oil and gas properties    
Evaluated property, net of accumulated depletion of $97,666 and $90,880 and net of accumulated impairment of $80,141 and $80,141, respectively 88,579fttn_OilAndGasPropertyTotalProvedPropertiesNet 95,387fttn_OilAndGasPropertyTotalProvedPropertiesNet
Unevaluated property 300,575fttn_UnevaluatedOilAndGasPropertyFullCostMethodGross 300,575fttn_UnevaluatedOilAndGasPropertyFullCostMethodGross
Total oil and gas properties 389,154fttn_Totaloilandgasproperties 395,962fttn_Totaloilandgasproperties
TOTAL ASSETS 472,855us-gaap_Assets 477,603us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 268,390us-gaap_AccountsPayableCurrent 245,876us-gaap_AccountsPayableCurrent
Advances payable    48,000us-gaap_ShortTermBorrowings
Current portion of convertible notes payable, net of discount of $246,966 and $244,752, respectively 280,699us-gaap_ConvertibleNotesPayableCurrent 247,895us-gaap_ConvertibleNotesPayableCurrent
Current portion of accrued interest payable 15,536us-gaap_InterestPayableCurrent 4,319us-gaap_InterestPayableCurrent
Current portion of asset retirement obligation 14,843us-gaap_AssetRetirementObligationCurrent 14,670us-gaap_AssetRetirementObligationCurrent
Total current liabilities 579,468us-gaap_LiabilitiesCurrent 560,760us-gaap_LiabilitiesCurrent
Convertible notes payable, net of discount of $259,964 and $267,574, respectively 16,321us-gaap_ConvertibleLongTermNotesPayable 8,711us-gaap_ConvertibleLongTermNotesPayable
Accrued interest payable 1,530us-gaap_OtherAccruedLiabilitiesNoncurrent 6,964us-gaap_OtherAccruedLiabilitiesNoncurrent
Asset retirement obligation 5,738us-gaap_AssetRetirementObligationsNoncurrent 5,603us-gaap_AssetRetirementObligationsNoncurrent
TOTAL LIABILITIES 603,057us-gaap_Liabilities 582,038us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Common Stock, $0.0001 par value; 250,000,000 shares authorized; 28,020,137 shares issued and outstanding at December 31, 2014 and September 30, 2014, respectively 2,802us-gaap_CommonStockValue 2,562us-gaap_CommonStockValue
Additional paid-in capital 3,432,015us-gaap_AdditionalPaidInCapital 3,232,399us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 17,398us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 17,379us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated deficit (3,582,417)us-gaap_RetainedEarningsAccumulatedDeficit (3,356,775)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity (130,202)us-gaap_StockholdersEquity (104,435)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 472,855us-gaap_LiabilitiesAndStockholdersEquity $ 477,603us-gaap_LiabilitiesAndStockholdersEquity