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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and equivalents $ 322,793 $ 521,666
Accounts receivable - oil and gas sales 19,225 2,539
Subscription receivable 105,000
Prepaid expenses and other 42,189 32,554
Total Current Assets 384,207 661,759
Oil and gas properties, at cost, successful efforts method:    
Proved properties 8,431,283 8,683,273
Unevaluated properties 154,972 154,836
Furniture and equipment 22,522 22,522
Total property and equipment 8,608,777 8,860,631
Less accumulated depreciation, depletion and amortization (3,400,522) (3,245,522)
Net Property and Equipment 5,208,255 5,615,109
TOTAL ASSETS 5,592,462 6,276,868
Payable to DNR Oil & Gas, Inc.:    
Trade accounts payable 107,073 64,896
Accounts payable - DNR Oil & Gas, Inc. 309,421 501,281
Accounts payable - directors and affiliates 22,500
Dividends payable 5,425
Dividends payable - directors and affiliates 43,084
Accrued interest expense 2,662 2,532
Accrued interest expense - directors and affiliates 11,811 9,442
Notes and advances payable - current portion:    
Notes and advances payable 349,956 989,853
Notes and advances payable - directors and affiliates 134,116 13,152
Current portion of asset retirement obligations 419,094 409,621
Other accrued costs and expenses 84,827 68,577
Total Current Liabilities 1,489,969 2,059,354
Notes and advances payable, net of current portion:    
Notes and advances payable 806,781 173,519
Notes and advances payable - Directors and affiliates 27,110 151,379
Asset retirement obligations, net of current portion 599,645 585,576
Total Long-Term Liabilities 1,433,536 910,474
Total Liabilities 2,923,505 2,969,828
Stockholders' Equity:    
Common stock, no par value; authorized 499,000,000 shares, 14,295,413 and 12,558,459 issued and outstanding in 2015 and 2014, respectively 21,502,635 21,502,635
Accumulated deficit (21,553,678) (20,865,595)
Total Stockholders' Equity 2,668,957 3,307,040
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 5,592,462 6,276,868
Series A1 Preferred Stock [Member]    
Stockholders' Equity:    
Convertible Class A preferred stock; $10,000 face value per share, authorized 1,000,000 shares: Series 1; authorized 30,000 shares, issued and outstanding no shares in 2014 and no shares in 2015, liquidation preference of $0 in 2014 and 2015 Series 2; authorized 2,500 shares, 267 shares issued and outstanding in 2015, liquidation preference of $2,670,000 at December 31, 2015
Series A2 Preferred Stock [Member]    
Stockholders' Equity:    
Convertible Class A preferred stock; $10,000 face value per share, authorized 1,000,000 shares: Series 1; authorized 30,000 shares, issued and outstanding no shares in 2014 and no shares in 2015, liquidation preference of $0 in 2014 and 2015 Series 2; authorized 2,500 shares, 267 shares issued and outstanding in 2015, liquidation preference of $2,670,000 at December 31, 2015 $ 2,720,000 $ 2,670,000