XML 59 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
NOTE 6 - INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Deferred Tax Assets (Liabilities):    
Statutory Depletion Carry Forward $ 474,250 $ 555,093
Net Operating Loss 5,392,208 4,651,428
Other 1,255,372 1,247,829
Share-Based Compensation 104,388 96,536
Capital Loss / AMT Credit Carry Forward 18,915 18,915
Charitable Contributions Carry Forward 13,102 21,644
Allowance for Doubtful Accounts 886,056 887,418
Oil and Gas Properties and Fixed Assets 5,922,031 4,980,324
14,066,322 12,459,187
Valuation Allowance (14,066,322) (12,459,187)
Net Deferred Tax Asset $ 0 $ 0