Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Stockholders Deficit (Unaudited)

v3.8.0.1
Consolidated Statement of Changes in Stockholders Deficit (Unaudited) - USD ($)
Common Stock
Shares to be issued
Preferred Stock
Additional Paid-in Capital
Prepaid Equity Based Compensation
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Beginning Balance, Shares at Dec. 31, 2015 30,333,993 28,092          
Beginning Balance, Amount at Dec. 31, 2015 $ 30,334 $ 28 $ 7,960,372 $ (145,562) $ (158,424) $ (8,964,441) $ (1,277,693)
Shares issued in satisfaction of debt, Shares 300,926          
Shares issued in satisfaction of debt, Amount $ 301 9,810 10,111
Derivative liability adjustment - satisfaction of convertible debt 685,668 685,668
Shares issued for consulting services, Shares 1,315,000          
Shares issued for consulting services, Amount $ 1,315 164,185 165,500
Shares issued in acquisition of oil and gas properties, Shares 14,862,021          
Shares issued in acquisition of oil and gas properties, Amount $ 14,862 1,430,829 1,445,691
Shares issued as prepaid equity-based compensation, Shares 5,000,000          
Shares issued as prepaid equity-based compensation, Amount $ 5,000 795,000 (800,000)
Cancellation of shares issued as prepaid equity-based compensation, Shares (4,000,000)          
Cancellation of shares issued as prepaid equity-based compensation, Amount $ (4,000) (636,000) 640,000
Sale of stock, Shares 2,841,667          
Sale of stock, Amount $ 2,842 423,408 426,250
Capital issuance costs (37,500) (37,500)
Shares issued as payment for interest expense, Shares 1,931,250          
Shares issued as payment for interest expense, Amount $ 1,931 324,444 326,375
Shares issued as additional discount on debt, Shares 508,335          
Shares issued as additional discount on debt, Amount $ 508 75,742 76,250
Warrants issued for services 330,889 330,889
Amortization of prepaid equity-based compensation 270,494 270,494
Unrealized gain (loss) on securities held for sale 156,978 156,978
Net loss (5,445,187) (5,445,187)
Ending Balance, Shares at Dec. 31, 2016 53,093,192 28,092          
Ending Balance, Amount at Dec. 31, 2016 $ 53,093 $ 28 11,526,847 (35,068) (1,446) (14,409,628) (2,866,174)
Derivative liability adjustment - satisfaction of convertible debt 35,232 35,232
Shares issued for consulting services, Shares 2,892,889          
Shares issued for consulting services, Amount $ 2,894 478,739 481,633
Shares issued as prepaid equity-based compensation, Shares 4,135,000          
Shares issued as prepaid equity-based compensation, Amount $ 4,135 833,411 (837,546)
Sale of stock, Shares 3,059,442          
Sale of stock, Amount $ 3,059 455,858 458,917
Amortization of prepaid equity-based compensation 822,542 822,542
Unrealized gain (loss) on securities held for sale 1,446 1,446
Shares and warrants issued as discount on new debt, Shares 3,040,000          
Shares and warrants issued as discount on new debt, Amount $ 3,040 681,371 684,411
Net loss (2,667,714) (2,667,714)
Ending Balance, Shares at Sep. 30, 2017 66,220,523 28,092          
Ending Balance, Amount at Sep. 30, 2017 $ 66,221 $ 28 $ 14,011,458 $ (50,072) $ (17,077,342) $ (3,049,707)