XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 81,374 $ 120,545
Marketable securities 159,997 176,345
Total Current Assets 241,371 296,890
PROPERTY AND EQUIPMENT (NET) 32 362
TOTAL ASSETS 241,403 297,252
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,838,292 1,665,537
Accrued interest payable 503,809 482,190
Private Placement Deposits 128,634 128,634
Asset retirement obligation 101,250 101,250
Due to officers and directors 232,501 192,441
Notes payable- in default 568,577 568,577
Current portion of long-term debt-related party 744,015 744,015
Current portion of long-term debt 571,181 571,181
Total Current Liabilities 4,688,259 4,390,137
LONG-TERM LIABILITIES    
Notes payable - related party (less current portion)
Notes payable (less current portion)
Total Long-Term Liabilities
Total Liabilities 4,688,259 4,390,137
STOCKHOLDERS’ (DEFICIT)    
Preferred Stock, par value $.001, 50,000 authorized, 1,000 and 0 issued 1 1
Common stock, par value $0.001 per share, 350,000,000 shares authorized; 125,527,990 and 124,527,990  issued and outstanding, respectively 155,577 155,577
Additional paid-in-capital 158,517,737 158,514,377
Unearned ESOP shares (2,972,600) (2,972,600)
Accumulated other comprehensive income 132,861 149,209
Retained (Deficit) (160,280,432) (160,003,137)
Total Stockholders’ (Deficit) (4,446,856) (4,092,885)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) $ 241,405 $ 297,252