v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ (104,461) $ (149,970)
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposal of subsidiary   464,207
Amortization of debt discount 29,332 12,329
(Gain) on beneficial conversion (13,498) (12,329)
Issuance of stock options   16,403
Gain on conversion (290)  
Increase (decrease) in assets    
Prepaid expenses and other current assets (3,855) 1,580
Note receivable- accrued interest (1,870) (1,850)
Increase (decrease) in liabilities    
Accounts payable (15,350) 27,925
Cash drawn in excess of available balance 77  
Accrued interest 16,047 8,877
Accrued expenses 46,250 29,847
Net assets available for disposal   (397,029)
Net cash flows provided (used) by operating activities (47,618) (10)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of oil and natural gas properties   (500,000)
Net cash flows (used) by investing activities   (500,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Notes payable - related parties   500,000
Advance-related party 40,000  
Net cash flows provided by financing activities 40,000 500,000
NET INCREASE (DECREASE) IN CASH (7,618) (10)
CASH, BEGINNING OF PERIOD 7,618 (93)
CASH, END OF PERIOD    (103)
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest      
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:    
Debt Conversion, Converted Instrument, Amount $ 62,967