Long Term Debt (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|---|
Feb. 14, 2019 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Dec. 31, 2018 |
|
Accrued interest | $ 1,500,000 | $ 1,500,000 | ||||
General and administrative expenses | 1,257,959 | $ 1,125,936 | 2,291,304 | $ 2,026,461 | ||
Crossfirst Bank [Member] | ||||||
Promissory note | $ 56,760 | |||||
Maturity date | Feb. 14, 2024 | |||||
Maturity date | Feb. 14, 2024 | |||||
Interest rate description | Bearing interest at 7.15%, payable in 60 installments of $1,130, with a maturity date of February 14, 2024 | |||||
Interest rate | 7.15% | |||||
December 28, 2018 promissory note One [Member] | ||||||
Promissory note | $ 23,777,948 | |||||
Maturity date | Jan. 31, 2020 | |||||
Ownership percentage | 100.00% | |||||
Maturity date | Jan. 31, 2020 | |||||
December 28, 2018 promissory note [Member] | ||||||
Maturity date | Dec. 28, 2023 | |||||
Maturity date | Dec. 28, 2023 | |||||
Interest rate description | (i) a floating rate of interest equal to 10% plus LIBOR, and (ii) a fixed rate of interest equal to 12%, payable monthly on the last day of each calendar month, commencing January 31, 2019. Principal payments shall be made quarterly at 1.25% of the initial loan amount, commencing on the last business day of the fiscal quarter ending June 30, 2019. | |||||
Unamortized discount | 4,168,904 | 4,168,904 | $ 4,385,408 | |||
Loan amount | 63,592,000 | |||||
General and administrative expenses | 65,000 | |||||
Additional principal payment on debt | 2,000,000 | |||||
Oil and gas development projects | 12,000,000 | |||||
June 13, 2018 promissory note [Member] | ||||||
Promissory note | $ 12,400,000 | |||||
Maturity date | Sep. 30, 2020 | |||||
Maturity date | Sep. 30, 2020 | |||||
Unamortized discount | 69,200 | 69,200 | $ 103,421 | |||
Interest rate | 1.50% | |||||
Debt instrument periodic payments | $ 100,000 | |||||
Frequency of periodic payments | Monthly | |||||
Maximum principal amount | $ 30,000,000 | |||||
June through December of 2018 promissory note [Member] | ||||||
Accrued interest | 191,250 | |||||
Promissory note | $ 9,459,750 | |||||
Maturity date | Aug. 31, 2019 | |||||
Maturity date | Aug. 31, 2019 | |||||
Interest rate description | Pursuant to a 10% Secured Promissory Note with 50% of the principal convertible into the Company's common stock at $0.20 per share, all principal and accrued interest payable on the maturity date of August 31, 2019. | |||||
Unamortized discount | 1,867,398 | 1,867,398 | $ 5,981,012 | |||
Exchange of Borrowed amount due to lender | $ 5,514,000 |