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Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 148,384 $ 260,590
Account receivable 14,797 10,998
Prepaid expenses 9,590 13,090
Total current assets 172,771 284,678
Oil and gas properties and equipment:    
Oil and gas properties and equipment 922,559 913,425
Accumulated depreciation, depletion and impairment (123,336) (92,502)
Property and equipment, net 799,223 820,923
Total assets 971,994 1,105,601
Current liabilities:    
Accounts payable 1,138,668 975,842
Accrued liabilities 1,159,403 1,159,403
Accrued interest ($767 and $578 payable to related parties at March 31, 2022 and December 31, 2021, respectively) 853 643
Convertible notes payable, net of unamortized discount 456,941 376,274
Total current liabilities 2,755,865 2,512,162
Asset retirement obligations 1,730,543 1,730,264
Convertible promissory notes, net of unamortized discount ($25,777 payable to related parties at March 31, 2022 and December 31, 2021) 28,665 28,665
Total liabilities 4,515,073 4,271,091
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock; par value $.0001 per share, 10,000,000 shares authorized; Series A Convertible – 27,778 shares authorized with stated/liquidation value of $100 per share, 21,276 and 22,076 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 2 2
Common stock, par value $.0001 per share, 500,000,000 shares authorized, 19,262,015 shares issued and outstanding at March 31, 2022 and 19,012,015 shares issued and outstanding at December 31, 2021 1,926 1,901
Additional paid-in capital 115,699,972 115,522,952
Accumulated deficit (119,244,979) (118,690,345)
Total stockholders’ deficit (3,543,079) (3,165,490)
Total liabilities and stockholders’ deficit $ 971,994 $ 1,105,601