v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ (898,471) $ (1,543,528)
Adjustments to reconcile net income to net cash Provided by operating activities:    
Loss on gas & oil properties    600,000
Loss on disposal of assets 3,888  
Derivative adjustment (34,648) 27,945
Stock issued for services and expenses 172,000 105,000
Stock issued for compensation    136,000
Stock issued for loan fee 12,000  
Stock issued for accrued wages 600,000   
Loan fee for convertible debt 73,880  
Cancellation of stock subscription 40,000  
Cancellation of indebtedness 60,420  
Issuance of stock options 126,590  
Depreciation and amortization 74,833 22,055
Decrease (increase) in assets    
Prepaid expenses and other current assets 20,070 (28,080)
Accrued interest receivable- related party (7,520) (5,795)
Net assets for disposal    (353,148)
Increase (decrease) in liabilities    
Accounts payable (6,357) 297,682
Accrued expenses (443,198) 534,295
Accrued interest payable 4,813 5,062
Accrued interest payable - related party (30,772) 30,773
Cash overdraft (93)   
Beneficial conversion 51,561   
Net cash flows (used) by operating activities (181,004) (59,673)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in notes receivable - related party   (190,000)
Sale of mineral rights 7,926  
Investment in oil & gas properties (55,000) (600,000)
Investment in royalty interest (30,269)  
Net cash flows provided by investing activities (77,343) (790,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Note payable - related party   600,000
Convertible notes payable 88,000 150,000
Fractional shares    (1)
Payment on stock subscription 5,000  
Exercise of stock options 172,965 99,165
Net cash flows provided by financing activities 265,965 849,164
NET (DECREASE) IN CASH 7,618 (509)
CASH, BEGINNING OF PERIOD    509
CASH, END OF PERIOD 7,618   
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the year for interest   151,782
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:    
Shares issued for accrued wages 600,000  
Shares issued for consulting fees 172,000 165,000
Shares issued as compensation    136,000
Shares issued for loan extension 12,000  
Loan fees for convertible debt 73,880  
Cancellation of indebtedness 60,420  
Issuance of stock options $ 126,590  
Shares issued for debt 600,000