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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,718,917) $ (2,059,959)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation, Depletion and Amortization 245,013 209,238
Lease Impairment 46,303 96,436
Gain on Sale of Assets (198,975) (10,070)
(Gain) Loss on Turnkey Drilling Programs (218,971) (903,677)
Gain on Settlement of Accounts Payable (345,683) 0
Well Equipment Write Down 19,151 19,000
Stock-Based Compensation 615,365 86,878
(Increase) Decrease in:    
Other & Revenue Receivables (264,028) 29,294
Prepaid Expenses and Other Assets (445,692) (20,700)
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses (641,816) (885,795)
Net Cash Used In Operating Activities (2,908,250) (3,439,355)
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for Oil and Gas Properties and Other Capital Expenditures (1,053,654) (2,193,233)
Proceeds from Turnkey Drilling Programs 1,997,499 3,372,975
Proceeds from Sale of Assets 935,927 506,537
Net Cash Provided By Investing Activities 1,879,772 1,686,279
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash Advances From Investors 1,950,000 0
Proceeds from Issuance of Common Stock 790,884 419,114
Principal Payments on Long-Term Debt (1,446,853) (21,558)
Net Cash Provided By Financing Activities 1,294,031 397,556
Net Increase (Decrease) in Cash and Cash Equivalents 265,553 (1,355,520)
Cash at Beginning of Period 3,763,819 3,061,841
Cash at End of Period 4,029,372 1,706,321
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash Paid for Interest 47,913 64,495
Cash Paid for Taxes $ 2,100 $ 3,000