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7. EQUITY METHOD INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Equity Method Investments Tables

Condor Energy Technology, LLC

		June 30,				December 31,
		2013				2012
Beginning balance		$	160,353			$	588,453
Contributions			-				-
Equity in net loss at 20%			(160,353	)			(428,100	)

Ending balance		$	-0-			$	160,353

Condors financial information

Summarized income statement information of Condor follows:

		Six months ended June 30, 2013				Six months ended June 30, 2012
Revenues		$	1,967,865			$	-
Net loss from operations		$	(1,439,030	)		$	(281,666	)
Net loss		$	(1,817,291	)		$	(329,606	)

White Hawk Petroleum, LLC

		June 30, 2013

Beginning balance, December 31, 2012		$	1,937,981
Equity in net loss at 50%			(4,161	)
Ending balance, June 30, 2013		$	1,933,820