Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Stockholders Deficit

v3.8.0.1
Consolidated Statement of Changes in Stockholders Deficit - USD ($)
Common Stock
Shares to be Issued
Preferred Stock
Additional Paid-in Capital
Prepaid Equity Based Compensation
Accumulated Other Comprehensive Loss
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 Income (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 in acquisition of oil and gas properties, Shares 2,000,000          
Shares issued in acquisition of oil and gas properties, Amount $ 2,000 458,600 460,600
Shares issued as prepaid equity-based compensation, Shares 4,385,000          
Shares issued as prepaid equity-based compensation, Amount $ 4,385 860,836 (865,221)
Sale of stock, Shares 3,059,442          
Sale of stock, Amount $ 3,059 455,858 458,917
Warrants issued for services       3,999,996       3,999,996
Amortization of prepaid equity-based compensation 888,462 888,462
Unrealized gain (loss) on securities held for sale 1,446 1,446
Shares issued as debt discount, Shares 2,646,000              
Shares issued as debt discount, Amount $ 2,646 322,229 324,875
Shares issued in cashless exercise of warrants, Shares 174,467              
Shares issued in cashless exercise of warrants, Amount $ 174 (174)
Shares issued for services, Shares 1,057,000              
Shares issued for services, Amount $ 1,057 210,358 211,415
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 Income (Loss) 17,827,500 17,827,500
Ending Balance, Shares at Dec. 31, 2017 72,347,990 28,092          
Ending Balance, Amount at Dec. 31, 2017 $ 72,348 $ 28 $ 19,029,892 $ (11,827) $ 3,417,872 $ 22,508,313