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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (664,177) $ (498,666)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion of asset retirement obligations 1,208 1,080
Amortization of debt discount 40,296 0
Amortization of deferred financing costs 6,237 10,206
Depletion, depreciation, and amortization 23,833 46,939
Stock based compensation 170,697 23,415
Change in operating assets and liabilities    
Accounts receivable 6,099 (720)
Management fee receivable - affiliate (1,077) (1,336)
Prepaid expense 2,457 1,746
Accounts payable 111,267 113,285
Accrued liabilities - related parties (179,126) 199,571
Accrued liabilities (341,091) (153,390)
Accrued interest note payable - affiliate 6,400 0
Net cash used in operating activities (816,977) (257,870)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Lease purchases, drilling capital expenditures 0 (18,443)
Net cash used in investing activities 0 (18,443)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Non-controlling interest contributions 660,000 302,000
Debt financing proceeds - affiliate 320,000 0
Principal payments of debt financing (199,000) 0
Net cash provided by financing activities 781,000 302,000
Net Change in Cash and Cash Equivalents (35,977) 25,687
Beginning Cash and Cash Equivalents 56,456 2,384
Ending Cash and Cash Equivalents 20,479 28,071
Cash paid for:    
Interest 12,458 11,239
Non-cash investing and financing activities:    
Interest - Accrued interest 18,145 11,745
Accrued capital expenditures 197,615 334,395
Revisions to asset retirement obligations $ 7,570 $ 0