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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) $ (4,144,462) $ (2,010,816)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities:    
Depreciation, Depletion, and Amortization 283,874 400,813
Lease Impairment 2,071,849 424,163
Gain on Sale of Assets (483,394) (968,956)
Gain on Turnkey Drilling Programs (460,210) (2,330,969)
Gain on Settlement of Accounts Payable (341,751) 0
Loss on Disposal of Assets 23,781 0
Bad Debt Expense 0 536,538
Stock-Based Compensation 645,986 230,749
Realized Loss on Equity Securities 0 6,503
Well Equipment and Other Assets Write Down 19,151 60,960
(Increase) Decrease in:    
Other & Revenue Receivables (451,047) 1,187,810
Prepaid Expenses and Other Assets 151,642 (236,615)
Accounts Payable and Accrued Expenses (587,050) (1,273,360)
Net Cash Used by Operating Activities (3,271,631) (3,973,180)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for Oil And Gas Properties (2,058,357) (3,753,134)
Proceeds from Turnkey Drilling Programs 3,980,499 5,433,476
Proceeds from Sale of Assets 1,286,236 2,334,537
Net Cash Provided by Investing Activities 3,208,378 4,014,879
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash Advances From Investors 1,580,000 0
Principal Payments on Long-Term Debt (1,446,853) (29,031)
Proceeds from Issuance of Common Stock 1,160,885 689,310
Net Cash Provided by Financing Activities 1,294,032 660,279
Net Increase in Cash 1,230,779 701,978
Cash at Beginning of Year 3,763,819 3,061,841
Cash at End of Year 4,994,598 3,763,819
Cash Paid for Interest 48,325 86,088
Cash Paid for Taxes 2,100 1,000
Supplemental Schedule of Non-Cash Investing and Financing Transactions:    
Conversion of Series AA Stock to Common Stock 136,149 0
Reclassification Adjustment for Losses Included in Net Income 0 (6,503)
Warrants Issued with Common Stock $ 156,205 $ 0