Notes Payable (Tables)

9 Months Ended

Sep. 30, 2013

Schedule Of Notes Payable And Long-term Debt [Table Text Block]

	September 30, 2013		December 31, 2012
	$		$
Note payable – Citizens Bank of Oklahoma	75,921		195,921
Note payable – TCA Global Credit Master Fund	1,772,895		1,608,973
Discount on TCA Global Credit Master Fund note	(417,924	)	(186,791	)
Note payable – Eaton Oil Tools	43,974		-
Note payable – Leede Financial	387,909		406,567
Total third-party notes payable and long-term debt	1,862,775		2,024,670
Debenture payable – Palo Verde (Note 4)	3,000,000		2,500,000
Discount on Palo Verde debt	(764,052	)	(1,185,567	)
Note payable – TPC Energy	414,183		414,183
Discount on TPC Energy Note	-		(9,994	)
Note payable – Mike Paulk	375,000		444,444
Note payable - Other	21,728		21,728
Total related party notes payable and long-term debt	3,046,859		2,184,794
Total notes payable and long-term debt	4,909,634		4,209,464
Less: Current portion	(4,160,531	)	(2,655,025	)
Total notes payable and long-term debt, net of current portion	749,103		1,554,439