v2.4.0.8

Summary of Significant Accounting Policies (Details Textual) (USD $) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010
Summary of significant accounting policies (Textual) |  |  |
Depreciation expenses |  |  |
Advertising cost |  |  |
Stock-based compensation expense | 1,070,056 | 0 |
Recognized impairment assets |  |  |
Net loss | (1,720,306) | (898,471) |
Excess amount of total liabilities over total assets | 444,922 |  |
Discount on natural gas and oil reserves | 10.00% |  |
Oil and gas producing property amortized costs |  |  |
Research and product development expenses |  |  |
Number of options issued |  | 800,000 |
Number of options outstanding | 800,000 | 800,300 | 800,480
Weighted average exercise price | $ 0.30 | $ 0.30 | $ 0.30

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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 35 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6420018&loc=d3e36677-107848 + Details
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 985 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6501960&loc=d3e128462-111756 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 730 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6420194&loc=d3e21568-108373 + Details
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