Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies - Schedule of Net Earnings (Loss) Per Common Share (Details)

v3.19.1
Significant Accounting Policies - Schedule of Net Earnings (Loss) Per Common Share (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Accounting Policies [Abstract]    
Net income (loss) available to stockholders $ (7,100,395) $ (861,845)
Basic net income allocable to participating securities [1]
Income (loss) available to Foothills Exploration, Inc.'s stockholders $ (7,100,395) $ (861,845)
Weighted average number of common shares outstanding-Basic 22,648,738 14,900,627
Options and warrants [2] 68,917,489
Stock Payable [3] 655,000
Convertible notes [4] 35,530,178 3,647,105
Weighted average number of common shares outstanding-Diluted 127,096,405 19,202,732
Net income (loss) per share Basic $ (0.31) $ (0.06)
[1] Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
[2] For the three months ended March 31, 2019, "out of the money" stock options representing 1,650,000 shares and warrants representing 2,516,015 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the three months ended March 31, 2018, "out of the money" stock options representing 2,050,000 shares and warrants representing 2,683,515 shares were antidilutive and, therefore, excluded from the diluted share calculation.
[3] For the three months ended March 31, 2018, stock payable representing 655,000 shares were anti-dilutive.
[4] For the three months ended March 31, 2019 and 2018, convertible notes representing 35,530,178 and 3,647,105 shares were anti-dilutive.