XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (152,717) $ (7,915,513)
Loss from discontinued operations, net of taxes 0 (7,226,719)
Loss from continuing operations (152,717) (688,794)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities from continuing operations:    
Depreciation and amortization 3,100 3,885
Loss on sale of property and equipment 4,714 0
Common stock options issued to employees and directors 159,492 157,824
Decrease (increase) in current assets:    
Due from Black Ridge Holdings Company LLC 587 0
Prepaid expenses 25,645 (18,013)
Increase (decrease) in current liabilities:    
Accounts payable 17,259 19,060
Accrued expenses 10,520 20,378
Net cash provided by (used in) operating activities from continuing operations 68,600 (505,660)
Net cash provided by operating activities from discontinued operations 0 247,277
Net cash provided by (used in) operating activities 68,600 (258,383)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 2,160 0
Net cash provided by investing activities from continuing operations 2,160 0
Net cash used in investing activities of discontinued operations 0 (1,149,789)
Net cash provided by (used in) investing activities 2,160 (1,149,789)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash used in financing activities of discontinued operations 0 1,400,000
Net cash provided by financing activities 0 1,400,000
NET CHANGE IN CASH 70,760 (8,172)
CASH AT BEGINNING OF PERIOD 66,269 228,194
CASH AT END OF PERIOD 137,029 220,022
SUPPLEMENTAL INFORMATION:    
Interest paid 0 1,114,527
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Net change in accounts payable for purchase of oil and gas properties $ 0 $ (237,303)