Income taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income taxes

Reconciliations of income taxes

	2020			2019
Statutory tax rate	21%			21%
Expected tax benefit	$	(1,232,000	)	$	(380,000	)
Nondeductible expenses		—			—
Increase in valuation allowance		1,232,000			380,000
Tax provision (benefit) as reported	$	—		$	—

Components of our deferred tax asset

	2020			2019
Deferred tax assets:
Loss carry-forwards	$	4,071,054		$	2,594,008
Depreciation, depletion and impairment		2,696,706			413,835
Unrecognized losses on derivatives		1 ,207			46,963
Total deferred tax assets		6,768,967			3,054,806
Valuation allowance		(6,768,967	)		(3,054,806	)
Net deferred taxes	$	—		$	—