Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statement Of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statement Of Cash Flows (Unaudited) - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2016
Cash Flows from Operating Activities    
Net loss $ (33,456) $ (1,941,138)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,114
Common stock issued for services 11,563
Stock payable 51,397
Changes in operating assets and liabilities:    
Prepaid expenses (170,833) 122,586
Accounts payable and accrued liabilities 3,500 667,503
Accrued interest 789 28,013
Net cash used in operating activities (200,000) (1,055,962)
Cash Flows from Investing Activities    
Payment for restricted cash (25,000)
Cash received in acquisition 358,129
Payments made under acquisition   (75,000)
Payments for purchase of fixed assets (91,899)
Payments for acquisition of oil and gas property (1,108,891)
Net cash from investing activities (25,000) (917,661)
Cash Flows from Financing Activities    
Proceeds from notes payable 600,000 400,000
Proceeds from issuance of common stock 2,000,000
Net cash provided by financing activities 600,000 2,400,000
Net increase in cash and cash equivalents 375,000 426,377
Cash and Cash Equivalents, beginning of period 375,000
Cash and Cash Equivalents, end of period 375,000 801,377
Supplemental disclosures of cash flow information:    
Taxes and interest
Non-cash investing and financing activities    
Prepaid expense in shares 893
Accrued interest settled in shares 28,801
Conversion of notes payable 1,000,000
Accounts payable settled with restricted cash $ 25,000
Assets acquired in acquisition 10,817,668
Related party payable acquired in acquisition $ (10,600)
Liabilities acquired in acquisition (613,297)
Notes payable issued in acquisition (6,000,000)
Shares issued in acquisition (3,812,500)
Shares issued for acquisition of oil and gas property $ (72,430)