XML 108 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]    
Revenue, net $ 0 $ 0
Operating expenses    
General and administrative 170,669 681,095
Impairment of oil and natural gas properties 0 1,954,717
Total costs and expenses 170,669 2,635,812
Other income (expense)    
Change in derivative valuation 54,240 2,757,776
Registration rights expense 0 (133,658)
Interest expense (19,312) (986)
Total non-operating expenses 34,929 2,623,132
Net loss (135,740) (12,680)
Dividends on preferred stock (69,866) (78,000)
Net loss attributable to common stock $ (205,606) $ (90,680)
Net loss per share - basic and diluted $ (0.02) $ (0.01)
Weighted average number of shares outstanding - basic and diluted 9,371,197 12,521,092