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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ (835,133) $ (603,141)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 251,000 329,717
Accretion of discount on asset retirement obligations 47,810 34,635
Gain on sale of oil and gas properties (27,120)
Common stock issued in exchange for services 25,334 28,500
Impairment expense 252,000
Changes in operating assets and liabilities:    
Accounts receivable (18,421) 86,601
Prepaid expenses and other 7,209 13,467
Accounts payable 66,091 29,496
Accounts payable - related parties and director's fees 31,398
Accounts payable - DNR Oil & Gas, Inc. (234,022)
Other accrued expenses and accrued interest 37,230 78,754
Net cash provided by (used in) operating activities (369,504) (29,091)
Cash Flows from Investing Activities:    
Capital expenditures for property and equipment (373) (93,116)
Proceeds from sale of oil and gas properties 50,000
Net cash provided by (used in)investing activities (373) (43,116)
Cash Flows from Financing Activities:    
Proceeds from notes payable 125,500 60,000
Principal payments on notes payable (118,002) (12,270)
Proceeds received from subscription receivable 105,000
Preferred stock dividends paid (48,509)
Net proceeds received from issuance of Series A Two Preferred Stock 50,000
Net cash (used in) financing activities 113,989 47,730
Net increase (decrease) in cash and equivalents (255,888) (24,477)
Cash and equivalents, beginning of year 521,666 30,755
Cash and equivalents, end of year 265,778 6,278
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 19,219 17,067
Accrued dividends 47,470
Common stock issued for loan closing costs $ 3,600