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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Oil and gas sales $ 2,369 $ 0 $ 2,369 $ 1,217
Lease operating expenses 7,303 621 7,303 2,839
Gross loss (4,934) (621) (4,934) (1,622)
Operating expenses:        
Professional services 22,793 14,875 70,355 30,508
Board of director fees 48,000 48,000 144,000 144,000
General and administrative 173,039 139,172 531,860 301,168
Gain on settlement of accounts payable 0 0 (120,250) 0
Total operating expenses 243,832 202,047 625,965 475,676
Loss from operations (248,766) (202,668) (630,899) (477,298)
Other income (expense):        
Interest expense (5,219) (107,342) (114,806) (130,721)
Gain on extinguishment of debt 0 0 0 10,750
Gain (loss) on change in fair value of derivative liabilities (19,200) (27,622) (24,299) 22,252
Total other income (expense) (24,419) (134,964) (139,105) (97,719)
Net loss $ (273,185) $ (337,632) $ (770,004) $ (575,017)
Loss per share:        
Basic (in dollars per share) $ (0.01) $ (0.02) $ (0.04) $ (0.03)
Diluted (in dollars per share) $ (0.01) $ (0.02) $ (0.04) $ (0.03)
Weighted average shares outstanding:        
Basic (in shares) 18,377,318 18,014,580 18,292,604 17,925,910
Diluted (in shares) 18,377,318 18,014,580 18,292,604 18,074,238