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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (916,982) $ (1,099,717)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation, Depletion and Amortization 90,304 149,172
Lease Impairment 136,837 60,237
Gain on Sale of Assets 0 (198,975)
(Gain) Loss on Turnkey Drilling Programs (878,533) 80,012
Gain on Settlement of Accounts Payable (73,128) (240,885)
Well Equipment Write Down 6,000 19,151
Stock-Based Compensation 0 278,352
(Increase) Decrease in:    
Other & Revenue Receivables 39,323 (225,723)
Prepaid Expenses and Other Assets (578,743) 69,907
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses 1,025,590 (354,478)
Net Cash Used in Operating Activities (1,149,332) (1,462,947)
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for Oil and Gas Properties and Other Capital Expenditures (1,053,442) (17,792)
Proceeds from Turnkey Drilling Programs 1,425,000 925,000
Proceeds from Sale of Assets 0 935,927
Net Cash Provided By Investing Activities 371,558 1,843,135
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Issuance of Common Stock 0 203,884
Principal Payments on Long-Term Debt 0 (1,446,853)
Net Cash Used in Financing Activities 0 (1,242,969)
Net Decrease in Cash and Cash Equivalents (777,774) (862,781)
Cash at Beginning of Period 4,994,598 3,763,819
Cash at End of Period 4,216,824 2,901,038
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash Paid for Interest 412 47,502
Cash Paid for Taxes 1,539 2,100
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING TRANSACTIONS:    
Asset Retirement Obligation Addition 30,000 0
Issuance of Common Stock for Accrued Compensation Expense $ 18,750 $ 0