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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,906,599) $ (4,905,518)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion and revisions of asset retirement obligations 2,670 66,172
Amortization of debt discount and financing warrants 40,823 40,823
Depletion, depreciation, and amortization 132,339 570,337
Gain on settlement of asset retirement obligation (27,850) (3,721)
Gain on sale of oil and gas properties (125,774) 0
Gain from legal settlement agreement 0 (637,248)
Impairment of oil and natural gas properties 0 867,048
Stock based compensation 86,733 567,112
Stock grants in exchange for services 0 169,210
Change in operating assets and liabilities    
Accounts receivable (6,689) 3,875
Management fee receivable - affiliate (5,972) (7,217)
Prepaid expense (1,217) 13,112
Accounts payable (1,112,210) 876,507
Accrued liabilities - related parties 684,794 327,245
Accrued liabilities 211,872 313,410
Net cash used in operating activities (2,027,080) (1,738,853)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Lease purchases, drilling capital expenditures (18,442) (1,058,704)
Proceeds from sale of assets 97,094 0
Net cash provided used by investing activities 78,652 (1,058,704)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Non-controlling interest contributions 2,112,000 2,917,000
Principal payments on debt financing (109,500) (120,000)
Net cash provided by financing activities 2,002,500 2,797,000
Net Change in Cash and Cash Equivalents 54,072 (557)
Beginning Cash and Cash Equivalents 2,384 2,941
Ending Cash and Cash Equivalents 56,456 2,384
Cash paid for:    
Interest 46,056 40,053
Non-cash investing and financing activities:    
Interest - Accrued interest on Roger's settlement 88,060 0
Accrued capital expenditures $ 230,661 $ 293,304