Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Stockholders' Equity (Unaudited)

v3.6.0.2
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)
Common Stock
Shares to be issued
Preferred Stock
Additional Paid-in Capital
Prepaid Equity-Based Compensation
Accumulated Other Comprehensive Income
Deficit
Total
Beginning Balance, Shares at Dec. 31, 2014 24,094,551 675,000 28,092          
Beginning Balance, Amount at Dec. 31, 2014 $ 24,095 $ 675 $ 28 $ 7,162,660 $ (177,452) $ (7,067,267) $ (57,261)
Shares issued to investors, Shares 675,000 (675,000)            
Shares issued to investors, Amount $ 675 $ (675)          
Shares issued for consulting services, Shares 720,000              
Shares issued for consulting services, Amount $ 720     107,280       108,000
Shares issued in satisfaction of debt, Shares 3,294,442              
Shares issued in satisfaction of debt, Amount $ 3,294     227,807       231,101
Shares issued for convertible debt, Shares 550,000              
Shares issued for convertible debt, Amount $ 550     20,450       21,000
Shares issued as prepaid equity-based compensation. Shares 1,000,000              
Shares issued as prepaid equity-based compensation, Amount $ 1,000     164,000 (165,000)    
Derivative liability adjustment - satisfaction of convertible debt       278,175       278,175
Unrealized gain (loss) on securities held for sale           19,028   19,028
Amortization of prepaid equity-based compensation         19,438     19,438
Net Loss             (1,897,174) (1,897,174)
Ending Balance, Shares at Dec. 31, 2015 30,333,993 28,092          
Ending Balance, Amount at Dec. 31, 2015 $ 30,334 $ 28 7,960,372 (145,562) (158,424) (8,964,441) (1,277,693)
Shares issued for consulting services, Shares 1,000,000              
Shares issued for consulting services, Amount $ 1,000     101,500       102,500
Shares issued in satisfaction of debt, Shares 300,926              
Shares issued in satisfaction of debt, Amount $ 301     9,810       10,111
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)    
Derivative liability adjustment - satisfaction of convertible debt       645,638       645,638
Unrealized gain (loss) on securities held for sale           148,663   148,663
Amortization of prepaid equity-based compensation         475,863     475,863
Shares issued in acquisition of oil and gas properties, Shares 9,650,000              
Shares issued in acquisition of oil and gas properties, Amount $ 9,650     810,600       820,250
Sale of stock, Shares 2,587,500              
Sale of stock, Amount $ 2,588     385,537       388,125
Capital issuance costs       (37,500)       (37,500)
Cancellation of shares issued for consulting services, Shares (4,000,000)              
Cancellation of shares issued for consulting services, Amount $ (4,000)     (368,603) 372,603    
Shares issued as deposit on acquisition of oil and gas properties, Shares 2,400,000              
Shares issued as deposit on acquisition of oil and gas properties, Amount $ 2,400     285,600       288,000
Shares issued as payment for interest expense, Shares 375,000              
Shares issued as payment for interest expense, Amount $ 375     52,125       52,500
Net Loss             (2,102,462) (2,102,462)
Ending Balance, Shares at Sep. 30, 2016 47,647,419 28,092          
Ending Balance, Amount at Sep. 30, 2016 $ 47,648 $ 28 $ 10,640,079 $ (97,096) $ (9,761) $ (11,066,903) $ (486,005)