XML 15 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Income Statement [Abstract]    
Revenue:$ 95,942$ 0$ 339,011$ 0
Operating Expenses:    
Cost of sales - services98927,6347,86977,523
Lease operating costs65,385 200,957 
Selling, general and administrative expense181,449147,027876,709480,764
Depreciation - services15,33231,99346,174103,729
Depletion and amortization - oil and gas20,814060,4600
Accretion expense55501,5700
(Gain) Loss on disposal of equipment(3,900)(3,667)(2,585)(3,667)
Total operating expenses280,624202,9871,191,154658,349
Operating Loss(184,682)(202,987)(852,143)(658,349)
Other income (expense):    
Other income08402,158
Interest income00016
Interest expense(517,359)(23,716)(885,434)(70,273)
Total other income (expense)(517,359)(23,632)(885,434)(68,099)
Loss from continuing operations(702,041)(226,619)(1,737,577)(726,448)
Income (Loss) from discontinued operations0(5,235)(3,686)4,240
Net Loss(702,041)(231,854)(1,741,263)(722,208)
Preferred dividends60,49360,493179,507179,507
Net loss attributable to common shareholders$ (762,534)$ (292,347)$ (1,920,770)$ (901,715)
Net income (loss) per common share - Basic:    
Continuing operations$ (0.01)$ 0.00$ (0.02)$ (0.01)
Discontinued operations$ 0.00$ 0.00$ 0.00$ 0.00
Net loss$ (0.01)$ 0.00$ (0.02)$ (0.01)
Net income (loss) per common share - Diluted:    
Continuing operations$ (0.01)$ 0.00$ (0.02)$ (0.01)
Discontinued operations$ 0.00$ 0.00$ 0.00$ 0.00
Net loss$ (0.01)$ 0.00$ (0.02)$ (0.01)
Weighted average common shares outstanding-    
Basic71,425,90562,561,41270,936,40662,110,366
Diluted71,425,90562,561,41270,936,40662,110,366