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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 3,914,678 $ 157,695
Accounts Receivable 1,281,555 1,251,634
Inventory 806,409 531,309
Prepaids 216,360 281,895
Total Current Assets 6,219,002 2,222,533
Property and equipment:    
Oil and Natural Gas Properties, Successful Efforts 22,711,446 22,711,445
Less: Accumulated Depreciation, Depletion and Impairment (15,324,596) (15,148,444)
Oil and Gas Property, Successful Effort Method, Net 7,386,850 7,563,001
Other Property and Equipment, net 774,481 662,017
Total Property and Equipment, net 8,161,331 8,225,018
Utility and Other Deposits 2,712,126 802,050
Total Assets 17,092,459 11,249,601
Current Liabilities:    
Accounts Payable 2,105,518 1,937,743
Accrued Expenses 2,427,578 2,697,831
Derivatives 235,720 5,749
Contingent Payment (see Note 4) 0 40,000
Current Portion of Lease Liability 96,325 89,769
Current Portion of Long-term Notes Payable 8,401,791 1,301,618
Total Current Liabilities 13,266,932 6,072,710
Long-Term Notes Payable 624,815 7,719,703
Long Term Lease Liability 505,546 534,009
Asset Retirement Obligations 15,648,682 15,364,217
Total Liabilities 30,045,975 29,690,639
Commitments and Contingencies (Note 12) 0 0
Stockholders' Equity (Deficit):    
Common Stock - $.001 Par Value 150,000,000 Shares Authorized, 57,515,920 and 24,892,277 Shares Issued and Outstanding, Respectively 57,515 24,892
Common Stock Subscribed (13,000) 0
Additional Paid-in Capital 28,617,530 22,152,451
Accumulated Deficit (41,615,561) (40,618,381)
Total Stockholders' Equity (Deficit) (12,953,516) (18,441,038)
Total Liabilities and Stockholders' Equity (Deficit) $ 17,092,459 $ 11,249,601