Asset Retirement Obligations (Tables)

3 Months Ended

Mar. 31, 2017

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations (ARO)

A reconciliation of the Company's ARO as of March 31, 2017 and December 31, 2016, is as follows:

	As of March 31, 2017			As of December 31, 2016
Balance, beginning of year	$	1,085,000		$	995,197
Liabilities settled		-			(4,530	)
Accretion expense		25,000			94,333
Balance, end of year		1,110,000			1,085,00
Less: current asset retirement obligations		(432,000	)		(425,200	)
Long-term asset retirement obligations	$	678,000		$	659,800