XML 20 R31.htm IDEA: XBRL DOCUMENT v3.19.3
NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Mar. 27, 2019
Aug. 31, 2018
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Debt Issue Costs – Warrants and Conversion Feature     $ (1,449)   $ (27,673)
Revolver Loan Agreement [Member]          
Maturity date Mar. 27, 2021        
Revolver Loan Agreement [Member] | Maximum [Member]          
Revolver commitment amount $ 9,000,000        
Additional borrowings 4,880,383        
Loan origination fees $ 76,900        
Interest expense description The Agreement requires the Company to maintain certain covenants including an EBITDAX to interest expense of at least 3:1 and funded debt to EBITDAX of 4:1 on a trailing 12-month basis.        
Unsecured Note [Member] | Investors [Member]          
Note modification description       The Company and investors for all of the Senior Unsecured Convertible Promissory Notes entered into amended agreements whereby the maturity dates for the notes maturing December 31, 2018 were extended to December 31, 2019, the conversion feature of the notes was modified from $0.15 per share of common stock to $0.10 per share. Additionally, the Warrant Certificates to purchase shares of common stock of the Company, which were issued as a part of the original agreements, were repriced from $0.25 per share to $0.15 per share.  
Expected annual volatility       167.00%  
Risk free interest rate       2.63%  
Expected useful life       12 months  
Change in fair value of the Warrant Certificates       $ 139,985  
Debt Issue Costs – Warrants and Conversion Feature     1,449    
Unsecured Note [Member] | Investors [Member] | April 10, 2019 [Member]          
Debt instrument converted amount     $ 107,500    
Common stock shares issued upon conversion of debt     1,075,000    
Unsecured Note [Member] | Investors [Member] | February 2019 [Member]          
Notes payable     $ 90,000    
Interest rate     8.00%    
Maturity date     May 01, 2019    
Unsecured Note [Member] | Morrisett [Member] | February 2019 [Member]          
Notes payable     $ 15,000    
Unsecured Note [Member] | Mr. Anthony Kamin [Member]          
Notes payable   $ 25,000      
Interest rate   8.00%      
Unsecured Note [Member] | Mr. Anthony Kamin [Member] | February 2019 [Member]          
Notes payable     $ 25,000    
Interest rate     8.00%    
Maturity date     May 01, 2019    
Outstanding warrants to purchase common stock     $ 50,000