XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,689 $ 1,169
Accounts receivable 2,385 4,731
Marketable securities 78,020 54,649
Total Current Assets 82,094 60,549
PROPERTY AND EQUIPMENT (NET) 5,454 8,278
TOTAL ASSETS 87,548 68,827
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 837,940 761,208
Accrued interest payable 225,577 142,925
Asset retirement obligation 101,250 101,250
Due to officers and directors 128,768 50,646
Notes Payable 103,000 138,340
Notes payable- in default 244,340 329,000
Current portion of long-term debt 231,000 113,734
Total Current Liabilities 1,871,875 1,637,103
LONG-TERM LIABILITIES    
Notes payable - related party (less current portion) 549,554 609,920
Notes payable (less current portion) 610,341 463,242
Total Long-Term Liabilities 1,159,895 1,073,162
Total Liabilities 3,031,770 2,710,265
STOCKHOLDERS' DEFICIT    
Preferred Stock, par value $.001, 50,000 authorized, 0 issued 0 0
Common stock, par value $0.001 per share, 10,000,000 shares authorized; 9,225,089 and 8,975,089 issued, 8,425,089 and 8,175,089 outstanding, respectively 9,225 8,975
Additional paid-in-capital 149,158,135 149,134,945
Unearned ESOP shares (2,176,000) (2,176,000)
Accumulated other comprehensive income 51,400 28,029
Retained (Deficit) (149,986,982) (149,637,387)
Total Stockholders' (Deficit) (2,944,222) (2,641,438)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 87,548 $ 68,827