Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Revenue $ 573 $ 99,527
Operating expenses        
Selling, general and administrative 854,443 504,980 2,800,984 1,365,108
Depreciation, depletion and amortization 18,592 55,389
Impairment of oil and gas properties 45,419 1,328,637
Total operating expenses 918,454 504,980 4,185,010 1,365,108
Loss from operations (917,881) (504,980) (4,085,483) (1,365,108)
Other income (expenses):        
Interest expense (127,891) 86 (377,566) (27,924)
Debt forgiveness 48,407 48,407
Total other expenses (79,484) 86 (329,159) (27,924)
Net Loss $ (997,365) $ (504,894) $ (4,414,642) $ (1,393,032)
Net loss per share - basic and diluted $ (0.07) $ (0.04) $ (0.31) $ (0.19)
Weighted average common shares - basic and diluted 14,618,019 11,536,278 14,270,627 7,376,571