Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Revenue $ 996,819 $ 728,230
Operating expenses    
Lease operating expense 393,803 467,855
Selling, general and administrative expense 775,722 730,425
Depreciation, depletion, amortization and accretion expense 210,083 114,375
Total operating expenses 1,379,608 1,312,655
Loss from operations (382,789) (584,425)
Other income (expenses):    
Interest and debt amortization expense and change in derivative liabilities (7,468,864) (294,600)
Other income 18,905 17,180
Gain on extinguishment of debt 732,353
Total other income (expenses) (6,717,606) (277,420)
Net Loss $ (7,100,395) $ (861,845)
Net loss per share - basic and diluted $ (0.31) $ (0.06)
Weighted average common shares - basic and diluted 22,648,738 14,900,627