XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 108 $ 1,689
Accounts receivable 0 2,385
Marketable securities 106,144 78,020
Total Current Assets 106,252 82,094
PROPERTY AND EQUIPMENT (NET) 2,995 5,454
TOTAL ASSETS 109,247 87,548
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 928,289 837,940
Accrued interest payable 309,249 225,577
Asset retirement obligation 101,250 101,250
Due to officers and directors 164,105 128,768
Notes Payable 0 103,000
Notes payable- in default 270,840 244,340
Current portion of long-term debt-related party 741,015 0
Current portion of long-term debt 807,382 231,000
Total Current Liabilities 3,322,130 1,871,875
LONG-TERM LIABILITIES    
Notes payable - related party (less current portion) 0 549,554
Notes payable (less current portion) 0 610,341
Total Long-Term Liabilities 0 1,159,895
Total Liabilities 3,322,130 3,031,770
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value, 50,000 shares authorized,-0- shares issued and outstanding 0 0
Common stock, $0.001 par value, 10,000,000 shares authorized, 9,225,089 and 9,225,089 issued, 8,425,089 and 8,425,089 outstanding, respectively 9,225 9,225
Additional paid-in-capital 149,171,575 149,158,135
Unearned ESOP shares (2,176,000) (2,176,000)
Accumulated other comprehensive income 77,593 51,400
Retained (Deficit) (150,295,275) (149,986,982)
Total Stockholders' (Deficit) (3,212,882) (2,944,222)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 109,247 $ 87,548