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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,883,477) $ (1,275,846)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion of asset retirement obligations 9,118 2,129
Amortization of debt discount 210,000 0
Amortization of deferred financing costs 6,237 30,617
Gain on settlement and sale of oil and gas properties 0 (64,824)
Depletion, depreciation, and amortization 78,234 106,887
Stock based compensation 236,221 72,071
Change in operating assets and liabilities    
Accounts receivable 6,624 (5,677)
Accounts receivable - affiliate (70,272) (3,413)
Prepaid expense (145) 5,238
Accounts payable 151,736 (418,151)
Accrued liabilities - related parties (255,441) 326,127
Accrued liabilities (7,422) (125,515)
Accrued interest note payable - affiliate 50,000 0
Net cash used in operating activities (1,468,587) (1,350,357)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Lease purchases, drilling capital expenditures 0 (18,442)
Proceeds from sale of assets 0 8,294
Revisions of furniture and fixtures 3,261 0
Net cash provided by (used in) investing activities 3,261 (10,148)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Non-controlling interest contributions 1,170,000 1,372,000
Debt financing proceeds - affiliate 820,000 0
Principal payments of debt financing (570,500) (8,000)
Net cash provided by financing activities 1,419,500 1,364,000
Net Change in Cash and Cash Equivalents (45,826) 3,495
Beginning Cash and Cash Equivalents 56,456 2,384
Ending Cash and Cash Equivalents 10,630 5,879
Cash paid for:    
Interest 20,469 33,633
Non-cash investing and financing activities:    
Accrued interest and amortization of debt discount 274,264 0
Accrued capital expenditures 0 233,323
Revisions to asset retirement obligations 7,486 0
Intangible Assets $ 17,630,000 $ 0