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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (loss) $ 46,628 $ (1,542,184) $ 376,819
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation and Amortization $ 43,952 32,708 $ 25,458
Goodwill impairment expense $ 2,132,026
Depletion $ 10,467
Provision for deferred income taxes 123,851 $ 135,976 $ 55,785
Effects on operating cash flows due to changes in:      
Accounts receivable 175,080 (245,765) $ (425,608)
Income taxes payable (receivable) 265,290 (203,623)
Prepaids (38,917) 1,135 $ 5,389
Severance Escrow (257) (258) (3,216)
Commissions Payable (191,772) 42,832 559,855
Accounts Payable (211,800) 27,868 158,731
Other liabilities 7,746 (31,476) (51,225)
Net cash provided by operating activities 230,268 349,239 701,988
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment (35,143) $ (96,266) $ (63,363)
Additions to other property holdings (87,972)
Additions to O&G properties $ (190,000)
Advances on Baron notes receivable $ (500,000)
Net cash used by investing activities $ (313,115) $ (596,266) $ (63,363)
CASH FLOWS FROM FINANCING ACTIVITIES      
Reduction in promissory note (67,173)
Reduction of long-term liability $ (125,668)
Dividends paid $ (62,050) $ (62,050)
Reduction of notes payable
Proceeds from long-term borrowing $ 50,000 $ 297,063
Payments on short-term borrowing $ (200,000) $ (723) (96,339)
Increase in settlements payable 22,000
Retirement of shares $ (224,991)
Decrease in settlements payable $ (22,000)
Net cash used by financing activities $ (212,050) (84,773) $ (195,108)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (294,897) (331,800) 443,517
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,333,323 1,665,123 1,221,606
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,038,426 1,333,323 1,665,123
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the year for: Interest 3,646 14,125 4,900
Cash paid during the year for: Income taxes $ 30,280 363,840 $ 36,227
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Goodwill impairment expense $ 2,132,026