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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Oil and gas sales     $ 873     $ 1,217 $ 3,857
Lease operating expenses 621     254     2,839 5,069
Gross loss (621)     619     (1,622) (1,212)
Operating expenses:                
Professional services 14,875     5,004     30,508 29,874
Board of directors fees 48,000     48,000     144,000 144,000
General and administrative 139,172     142,232     301,168 457,061
Impairment loss         50,000
Total operating expenses 202,047     195,236     475,676 680,935
Loss from operations (202,668)     (194,617)     (477,298) (682,147)
Other income (expense):                
Interest expense (107,342)     (16,832)     (130,721) (45,022)
Gain on extinguishment of debt         10,750
Gain (loss) on change in fair value of derivative liabilities (27,622)     (4,614)     22,252 465,575
Total other income (expense) (134,964)     (21,446)     (97,719) 420,553
Net loss $ (337,632) $ (132,070) $ (105,315) $ (216,063) $ (252,667) $ 207,136 $ (575,017) $ (261,594)
Loss per share:                
Basic (in dollars per share) $ (0.02)     $ (0.01)     $ (0.03) $ (0.01)
Diluted (in dollars per share) $ (0.02)     $ (0.01)     $ (0.03) $ (0.04)
Weighted average shares outstanding:                
Basic (in shares) 18,014,580     17,689,993     17,925,910 17,536,065
Diluted (in shares) 18,014,580     17,689,993     18,074,238 17,678,511