Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 2 – Fixed Assets

 

As of June 30, 2017, and December 31, 2016, fixed assets consisted of the following:

 

    June 30, 2017     December 31, 2016  
    (unaudited)        
Computer equipment and fixtures   $ 22,453     $ 22,453  
Vehicle     69,446       69,446  
Drilling Equipment     265,578       265,578  
Accumulated depreciation     (33,619 )     (4,114 )
Fixed assets, net   $ 323,858     $ 353,363  

 

Depreciation and amortization expense for the three months ended June 30, 2017 and 2016 was $14,782 and $0, respectively. Depreciation and amortization expense for the six months ended June 30, 2017 and 2016 was $29,505 and $0, respectively.