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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (834,713) $ (1,718,917)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation, Depletion and Amortization 133,061 245,013
Lease Impairment 147,558 46,303
Gain on Sale of Assets 0 (198,975)
Gain on Turnkey Drilling Programs (1,586,322) (218,971)
Gain on Settlement of Accounts Payable (73,128) (345,683)
Well Equipment Write Down 6,000 19,151
Stock-Based Compensation 0 615,365
(Increase) Decrease in:    
Other & Revenue Receivables (131,219) (264,028)
Prepaid Expenses and Other Assets (786,286) (445,692)
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses 1,095,411 (641,816)
Net Cash Used in Operating Activities (2,029,638) (2,908,250)
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for Oil and Gas Properties and Other Capital Expenditures (2,903,124) (1,053,654)
Proceeds from Turnkey Drilling Programs 2,150,000 1,997,499
Proceeds from Sale of Assets 0 935,927
Net Cash Provided By (Used in) Investing Activities (753,124) 1,879,772
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash Advances From Investors 0 1,950,000
Proceeds from Issuance of Common Stock 0 790,884
Principal Payments on Long-Term Debt 0 (1,446,853)
Net Cash Provided by Financing Activities 0 1,294,031
Net Increase (Decrease) in Cash and Cash Equivalents (2,782,762) 265,553
Cash at Beginning of Period 4,994,598 3,763,819
Cash at End of Period 2,211,836 4,029,372
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash Paid for Interest 840 47,913
Cash Paid for Taxes 1,539 2,100
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING TRANSACTIONS:    
Asset Retirement Obligation Addition 65,461 0
Issuance of Common Stock for Accrued Compensation Expense $ 25,000 $ 0