Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Oil and Gas Properties  
Following minimum payments of ESG

Years from the Trigger Date:

 

Minimum Payments for that Year

 

Year two

 

$ 500,000

 

Year three

 

$ 750,000

 

Year four

 

$ 1,250,000

 

Year five

 

$ 1,750,000

 

Year six

 

$ 2,250,000

 

Year seven

 

$ 2,750,000

 

Year eight

 

$ 3,250,000

 

Year nine and after

 

$ 3,250,000

 

Consisted intangible assets

 

 

September 30,

2021

 

 

December 31,

2020

 

 

 

 

 

 

 

 

ESG Clean Energy License

 

$ 5,000,000

 

 

$ -

 

Accumulated amortization

 

 

(36,367 )

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

$ 4,963,633

 

 

$ -