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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Oil and gas sales $ 871   $ 714   $ 1,217 $ 2,984
Lease operating expenses 1,290   1,913   2,218 4,815
Gross loss (419)   (1,199)   (1,001) (1,831)
Operating expenses:            
Professional services 15,633   10,962   15,633 24,870
Board of directors fees 48,000   48,000   96,000 96,000
General and administrative 78,695   147,980   161,996 314,829
Impairment loss   50,000   50,000
Total operating expenses 142,328   256,942   273,629 485,699
Loss from operations (142,747)   (258,141)   (274,630) (487,530)
Other income (expense):            
Interest expense (10,898)   (15,582)   (23,379) (28,190)
Gain on extinguishment of debt 10,750     10,750
Gain on change in fair value of derivative liabilities 10,825   21,056   49,874 470,189
Total other income 10,677   5,474   37,245 441,999
Net loss $ (132,070) $ (105,315) $ (252,667) $ 207,136 $ (237,385) $ (45,531)
Loss per share:            
Basic (in dollars per share) $ (0.01)   $ (0.01)   $ (0.01) $ 0
Diluted (in dollars per share) $ (0.01)   $ (0.02)   $ (0.02) $ (0.03)
Weighted average shares outstanding:            
Basic (in shares) 17,910,296   17,616,516   17,881,087 17,457,826
Diluted (in shares) 18,039,624   17,749,212   18,010,415 17,590,522