Income Taxes (Details 1) - USD ($) |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Deferred tax assets: | ||
| NOL carry forwards | $ 4,902,857 | $ 3,895,975 |
| Bad debt reserves | 77,896 | 52,318 |
| Impairment of oil and gas assets | 403,289 | 652,945 |
| Unrealized loss | 695 | 1,125 |
| Derivative losses | 607,087 | 437,232 |
| Share based compensation | 2,256,601 | 2,870,452 |
| Total deferred tax assets | 8,248,425 | 7,910,047 |
| Deferred tax liabilities: | ||
| Derivative gains | (121,947) | (197,438) |
| Bargain purchase gain | (5,674,498) | (9,187,282) |
| Total deferred tax liabilities | (5,796,445) | (9,384,720) |
| Deferred tax asset (liability) - net before valuation allowance | 2,451,980 | (1,474,673) |
| Tax Cuts and Jobs Act of 2017 effect | 563,846 | |
| Less valuation allowance | (2,451,980) | |
| Deferred tax asset (liability) - net | $ 910,827 |
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses on foreign currency transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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