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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (2,593,562) $ (476,552)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Value of warrants and options granted 1,491,630 117,068
Amortization of warrant value and conversion feature on convertible notes 2,998 31,630
Amortization of loan issue costs 14,486
Depreciation, depletion and amortization 880,206
Accretion of asset retirement obligation 69,827
Change in operating assets and liabilities:    
Accounts receivable (662,165)
Unrealized gain on derivative instruments (334,155)
Inventory (33,703)
Prepaids (56,819)
Accounts payable 121,794 111,466
Accrued expenses 1,154,074 7,843
Net cash provided by (used in) operating activities 54,611 (208,545)
Cash flows from investing activities:    
Acquisition of oil and gas properties (5,706,531)
Purchase of other fixed assets (14,455)
Net cash used in investing activities (5,720,986)  
Cash flows from financing activities:    
Proceeds from debt issued 6,479,744
Principal payments of debt (1,065,000)
Proceeds from stock issuance 167,000 135,000
Net cash provided by financing activities 5,581,744 135,000
Net change in cash (84,631) (73,545)
Cash - Beginning of period 84,631 77,780
Cash - End of period 0 4,235
Supplemental cash flow information    
Cash paid for interest 160,088  
Non-cash investing and financing activities:    
Non-cash additions to asset retirement obligations 3,400,770
Common stock issued in exchange for outstanding notes payable 157,500
Purchases of oil and natural gas properties in accounts payable $ 291,420