XML 9 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Income Statement [Abstract]        
Revenue: $ 136,543   $ 243,070  
Operating Expenses:        
Cost of sales - services 1,378 21,763 6,880 49,888
Lease operating costs 65,199   135,573  
Selling, general and administrative expense 270,060 127,713 695,259 333,738
Depreciation - services 15,332 35,868 30,842 71,736
Depletion and amortization - oil and gas 20,735   39,646  
Accretion expense 520   1,015  
(Gain) Loss on disposal of equipment     1,315  
Total operating expenses 373,224 185,344 910,530 455,362
Operating Loss (236,681) (185,344) (667,460) (455,362)
Other income (expense):        
Other income   2,073   2,073
Interest income       17
Interest expense (254,300) (23,332) (368,075) (46,557)
Total other income (expense) (254,300) (21,259) (368,075) (44,467)
Loss from continuing operations (490,981) (206,603) (1,035,535) (499,829)
Income (Loss) from discontinued operations   4,419 (3,686) 9,474
Net Loss (490,981) (202,184) (1,039,221) (490,355)
Preferred dividends 59,836 59,178 119,014 119,014
Net loss attributable to common shareholders $ (550,817) $ (261,362) $ (1,158,235) $ (609,369)
Net income (loss) per common share - Basic:        
Continuing operations $ (0.01) $ 0 $ (0.02) $ (0.01)
Discontinued operations        
Net income (loss) $ (0.01) $ 0 $ (0.02) $ (0.01)
Net income (loss) per common share - Diluted:        
Continuing operations $ (0.01) $ 0 $ (0.02) $ (0.01)
Discontinued operations        
Net income (loss) $ (0.01) $ 0 $ (0.02) $ (0.01)
Weighted average common shares outstanding-        
Basic 71,425,905 61,909,238 70,687,599 61,881,105
Diluted 71,425,905 61,909,238 70,687,599 61,881,105