Subsequent Events (Details Narrative) - USD ($) |
1 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Oct. 10, 2019 |
Oct. 03, 2019 |
Oct. 31, 2019 |
Oct. 24, 2019 |
Sep. 30, 2019 |
Dec. 31, 2018 |
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Property to be purchased under agreement by Elysium Energy, LLC from sellers | The Purchaser agreed to purchase from Sellers (the “Acquisition”) their working interests and over-riding royalty interests in oil and gas properties in Texas (approximately 71 wells in 11 counties) and Louisiana (approximately 52 wells in 6 parishes), along with associated wells and equipment | |||||
Offers expired of conversion of warrant | ||||||
Class of warrants outstanding | 115,000 | |||||
Subsequent Event [Member] | ||||||
Recived against agreement | $ 480,200 | |||||
Weekly payments description | the Company received $480,200 under an agreement that requires the Company to make 28 weekly payments aggregating $666,400 through April 13, 2020. | |||||
Subsequent Event [Member] | Warrant [Member] | ||||||
Number of warrants elected to be exercised | 20,416,350 | |||||
Consideration receivable upon exercise of warrants | $ 2,041,635 | |||||
Subsequent Event [Member] | 2018 10% Secured Promissory Notes [Member] | ||||||
Class of warrants outstanding | 8,379,900 | |||||
Modification in exercise price of warrants associated with promissory notes, description | all the warrant holders associated with the 2018 10% Secured Promissory Notes (the “Notes”) consented to a limited time modification to the exercise price of their 28,796,250 warrants from $0.20 to $0.10 | |||||
Description for the amount receivable upon exercises of warrants due to reduction in price | As to $1,860,635 of such exercise price consideration, the applicable warrant holders agreed to pay such exercise price by reducing the principal amount owing by the Company to the warrant holders under the Notes.As to the balance of $181,000 of such exercise price consideration, the applicable warrant holders agreed to pay such amount in cash to the Company | |||||
Subsequent Event [Member] | Purchase Agreement [Member] | ||||||
Amount deposited by Elysium Energy, LLC into escrow | $ 1,000,000 | |||||
Business acquisition consideration paid or payable by Elysium Energy, LLC to sellers, purchase price | $ 40,000,000 | |||||
Subsequent Event [Member] | Ichor Energy Term Loan Credit Agreement [Member] | ||||||
Voluntary principal payment made under agreement to related party | $ 4,000,000 |