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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Oil and gas sales $ 5,239 $ 0 $ 5,239 $ 0
Lease operating expenses 47,558 0 49,434 0
Gross loss (42,319) 0 (44,195) 0
Operating expenses:        
Professional services 61,005 35,643 209,693 47,562
Board of director fees 36,000 48,000 84,000 96,000
General and administrative 215,264 129,318 364,594 358,821
Gain on settlement of accounts payable 0 0 0 (120,250)
Total operating expenses 312,269 212,961 658,287 382,133
Loss from operations (354,588) (212,961) (702,482) (382,133)
Other income (expense):        
Interest expense (54,916) (35,675) (80,402) (109,587)
Gain (loss) on change in fair value of derivative liabilities 14,969 (18,403) 12,211 (5,099)
Total other income (expense) (39,947) (54,078) (68,191) (114,686)
Net loss $ (394,535) $ (267,039) $ (770,673) $ (496,819)
Loss per share:        
Basic (in dollars per share) $ (0.02) $ (0.01) $ (0.04) $ (0.03)
Diluted (in dollars per share) $ (0.02) $ (0.01) $ (0.04) $ (0.03)
Weighted average shares outstanding:        
Basic (in shares) 18,824,106 18,309,939 18,824,106 18,249,450
Diluted (in shares) 19,256,426 18,309,939 19,256,426 18,249,450