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CONSOLIDATED BALANCE SHEETS (UNAUDITED)
Jun. 30, 2016
USD ($)
CURRENT ASSETS  
Cash and cash equivalents $ 8,789
Accounts receivable and accrued revenue receivable 4,440
Prepaid expenses 1,250
Total current assets 14,479
Intellectual property 2,990,535
Available for sale securities, full cost method of accounting: 13,002
Oil and gas properties  
Evaluated property, net of accumulated depletion of $116,673 and net of accumulated impairment of $128,358 33,742
Unevaluated property 200,575
Total oil and gas properties 234,317
TOTAL ASSETS 3,252,333
CURRENT LIABILITIES  
Accounts payable and accrued liabilities 143,188
Accounts payable to related party 15,577
Advances payable 21,650
Advances payable to related party 11,000
Current portion of convertible notes payable, net of discount of $143,438 369,055
Short term notes payable 35,000
Current portion of accrued interest payable 52,137
Current portion of asset retirement obligation 15,000
Total current liabilities 662,607
Convertible notes payable, net of discount of $376,773 20,441
Accrued interest payable 23,946
Asset retirement obligation 6,116
TOTAL LIABILITIES 713,110
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)  
Common stock, $0.0010 par value; 480,000,000 shares authorized; 31,520,667 shares issued and outstanding at June 30, 2016 31,521
Preferred stock; $0.001 par value; 20,000,000 shares authorized  
Series A Preferred stock; 5,000,000 shares issued and outstanding 2,990,535
Series E Preferred stock; 1,000,000 shares issued and outstanding 1,000
Additional paid-in capital (395,451)
Accumulated other comprehensive income (4,464)
Accumulated deficit (83,918)
Total stockholders' equity (deficit) 2,539,223
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 3,252,333