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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,099,717) $ (2,059,565)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation, Depletion and Amortization 149,172 139,220
Lease Impairment 60,237 12,681
Gain on Sale of Assets (198,975) (10,070)
(Gain) Loss on Turnkey Drilling Programs 80,012 (16,237)
Gain on Settlement of Accounts Payable (240,885) 0
Well Equipment Write Down 19,151 19,000
Stock-Based Compensation 278,352 62,745
(Increase) Decrease in:    
Other & Revenue Receivables (225,723) 14,410
Prepaid Expenses and Other Assets 69,907 (182,607)
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses (354,478) (1,038,157)
Net Cash Used in Operating Activities (1,462,947) (3,058,580)
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for Oil and Gas Properties and Other Capital Expenditures (17,792) (1,229,152)
Proceeds from Turnkey Drilling Programs 925,000 2,373,001
Proceeds from Sale of Assets 935,927 506,537
Net Cash Provided By Investing Activities 1,843,135 1,650,386
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Issuance of Common Stock 203,884 93,595
Principal Payments on Long-Term Debt (1,446,853) (14,422)
Net Cash Provided By (Used in) Financing Activities (1,242,969) 79,173
Net Decrease in Cash and Cash Equivalents (862,781) (1,329,021)
Cash at Beginning of Period 3,763,819 3,061,841
Cash at End of Period 2,901,038 1,732,820
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash Paid for Interest 47,502 42,729
Cash Paid for Taxes $ 2,100 $ 2,900