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Condensed Consolidated Statements of Cash Flows (Including Dala Petroleum 5-21-14) (USD $)
4 Months Ended 6 Months Ended
May 21, 2014
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (75,936) $ (326,744)
Adjustments to reconcile net loss to net cash from operating activities:    
Impairment of oil and natural gas properties 0 43,938
Stock-based compensation 0 11,088
Accounts payable 27,311 16,482
Due to related parties 48,625 4,288
NET CASH USED IN OPERATING ACTIVITIES 0 (250,948)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment of net liabilites from Westcott in Reverse Merger 0 (151,044)
Cash paid for oil and natural gas properties 0 (43,938)
CASH USED IN INVESTING ACTIVITIES 0 (194,982)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible preferred stock, net of offering costs 0 1,990,000
Payment of dividends on preferred stock 0 13,018
CASH PROVIDED BY FINANCING ACTIVITIES 0 1,976,982
NET CHANGE IN CASH AND CASH EQUIVALENTS 0 1,531,052
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 0 1,531,052
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 0 0
Income taxes paid 0 0
NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock for oil and natural gas properties 1,897,947 1,898,947
Derivative liabilities related to preferred stock and warrants $ 0 $ 817,807