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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,275,846) $ (3,963,918)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of debt discount and financing warrants 30,617 30,617
Accretion of asset retirement obligations 2,129 4,593
Depletion, depreciation, and amortization 106,887 335,437
Gain on settlement and sale of oil and gas properties (64,824) 0
Impairment of oil and natural gas properties 0 309,539
Gain on asset retirement settlement 0 (3,721)
Stock based compensation 72,071 411,527
Stock grants in exchange for services 0 169,210
Change in operating assets and liabilities    
Accounts receivable (5,677) 17,014
Accounts receivable - affiliate (3,413) (4,917)
Prepaid expense 5,238 17,892
Accounts payable (418,151) 300,207
Accrued liabilities - related parties 326,127 201,177
Accrued liabilities (125,515) 274,342
Net cash used in operating activities (1,350,357) (1,901,001)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Lease purchases, drilling capital expenditures (18,442) (529,974)
Proceeds from the sale of assets 8,294 0
Net cash used in investing activities (10,148) (529,974)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Non-controlling interest contributions 1,372,000 2,611,000
Principal payments of debt financing (8,000) (70,000)
Net cash provided by financing activities 1,364,000 2,541,000
Net Change in Cash and Cash Equivalents 3,495 110,025
Beginning Cash and Cash Equivalents 2,384 2,941
Ending Cash and Cash Equivalents 5,879 112,966
Cash paid for:    
Interest   32,730
Non-cash investing and financing activities:    
Asset retirement obligation incurred 0 2,506
Accrued capital expenditures $ 233,323 $ 398,052