Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Revenues $ 155,161
Operating expenses    
Lease operating expense 252,753
Selling, general and administrative expense 3,808,067 1,913,265
Depletion, depreciation, amortization, and accretion expense 34,232
Impairment of oil and gas properties 1,507,768
Total operating expenses 5,602,820 1,913,265
Loss from operations (5,447,659) (1,913,265)
Other income (expenses):    
Interest expense (930,923) (27,873)
Change in derivative value (169,423)
Gain on extinguishment of debt 48,407
Other income 5,727
Total other income (expenses) (1,046,212) (27,873)
Net Loss $ (6,493,871) $ (1,941,138)
Net loss per share - basic and diluted $ (0.45) $ (0.23)
Weighted average shares outstanding - basic and diluted 14,418,719 8,422,180