Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Stockholders' Deficit (Unaudited)

v3.7.0.1
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, amounts $ (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 62,500              
Shares issued for consulting services, Amount $ 63     12,437       12,500
Shares issued as prepaid equity-based compensation, shares 3,240,000              
Shares issued as prepaid equity-based compensation, amount $ 3,240     700,920 (704,160)    
Sale of stock, shares 3,059,442              
Sale of stock, amount $ 3,059     455,858       458,917
Amortization of prepaid equity-based compensation         334,904     334,904
Unrealized gain (loss) on securities held for sale           1,446   1,446
Net loss             (559,401) (559,401)
Ending Balance, Shares at Mar. 31, 2017 59,455,134 28,092          
Ending Balance, Amount at Mar. 31, 2017 $ 59,455 $ 28 $ 12,731,294 $ (404,324) $ (14,969,029) $ (2,582,576)