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RESTATEMENT OF PREVIOUSLY FILED FINANCIAL INFORMATION - ASSET RETIREMENT OBLIGATION (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Mar. 31, 2019 | Jun. 30, 2019 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
RESTATEMENT OF PREVIOUSLY FILED FINANCIAL INFORMATION |  |  |  |  |  |
Balance | $ 13,055,797 | $ 13,055,797 | $ 13,055,797 | $ 13,055,797 | $ 9,055,697 | $ 7,957,035
Liabilities acquired | 2,979,645 | 2,979,645 | 2,979,645 | 3,745,642 | 2,571,549 |
Liabilities incurred | 175,173 | 441,244 | 602,090 | 631,727 | 1,311,956 | 1,297,289
Liabilities settled | (107,770) | (384,956) | (615,732) | (1,589,654) | (577,824) | (766,595)
Accretion expense | 215,945 | 445,179 | 681,386 | 943,707 | 606,459 | 567,968
Balance | $ 16,318,790 | $ 16,536,909 | $ 16,703,186 | $ 16,787,219 | $ 13,055,797 | $ 9,055,697

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- Definition Amount of asset retirement obligations acquired during the period. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 35 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6394232&loc=d3e17558-110866 + Details
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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- Definition Amount of asset retirement obligations incurred during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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- Definition Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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