v2.4.0.8
Notes Payable (Details Textual) (USD $)
 0 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
Dec. 31, 2013
May 24, 2013
Convertible Promissory Notes [Member]
Jul. 23, 2010
Convertible Promissory Notes [Member]
Jun. 30, 2014
Convertible Promissory Notes [Member]
Mar. 31, 2013
Forge LLC [Member]
Jun. 30, 2014
Forge LLC [Member]
Dec. 31, 2013
Forge LLC [Member]
Jun. 30, 2014
Actual Investments LLC [Member]
Dec. 31, 2013
Actual Investments LLC [Member]
Jun. 30, 2014
Actual Investments LLC one [Member]
Dec. 31, 2013
Actual Investments LLC one [Member]
Jun. 30, 2014
Actual Investments Llc Three [Member]
Dec. 31, 2013
Actual Investments Llc Three [Member]
May 24, 2013
Actual Investments Llc Four [Member]
Notes Payable (Textual)                              
Notes payable $ 150,505 $ 193,000 $ 70,000       $ 74,000 [1] $ 80,000 [1] $ 30,000 [2] $ 30,000 [2]    [3] $ 30,000 [3] $ 46,505 [4] $ 53,000 [4] $ 70,000
Interest rate     8.00%       18.00%   6.00%   6.00%   8.00%    
Maturity date     Sep. 30, 2013 Jul. 23, 2012     Jul. 31, 2012   Oct. 26, 2013   Mar. 12, 2014   Sep. 30, 2013    
Conversion term of notes         The note holders have the option to convert any unpaid note principal and accrued interest to the Company's common stock at a rate of 75% of the average closing price of the last ten days of trading any time after the issuance date of the note.   The note is convertible to common stock at a conversion price equal to 75% of the average of the closing prices of the Common Stock for the 10 trading days immediately preceding a conversion date.                
Balance outstanding           150,000 150,000                
Accrued interest 62,949 58,329       40,563                  
Amount of discount             50,000                
Amortization of debt discount             $ 22,055                
[1] Obligation to Forge, LLC for $150,000, bearing interest at 18.00% per annum, the loan is payable at maturity in July 2012 plus accrued interest. The note is secured by certain oil and gas properties owned by Knox Gas, LLC, a subsidiary of the Company. The note is convertible to common stock at a conversion price equal to 75% of the average of the closing prices of the Common Stock for the 10 trading days immediately preceding a conversion date. The balance outstanding at March 31, 2013 was $150,000 plus accrued interest of $40,563. Our obligation to Forge, LLC contains an embedded beneficial conversion feature since the fair value of our common stock on the date of issuance was in excess of the effective conversion price. The embedded beneficial conversion feature was recorded by allocating a portion of the proceeds equal to the intrinsic value of the feature to "Additional paid-in-capital". The intrinsic value of the feature is calculated on the issuance date by multiplying the difference between the quoted market price of our common stock and the effective conversion price by the number of common shares into which the note may be converted. The resulting discount on the immediately convertible shares is recorded within "Additional paid-in capital" and is amortized over the period from the date of issuance of the to the stated maturity date. The amount of the discount was $50,000, of which $22,055 was amortized in 2010 and the balance in 2011. On May 24th, 2013, $70,000 of the note was sold and assigned to Actual Investments, LLC.
[2] The company entered into a promissory note with Actual Investment, LLC on November 27, 2012. The note is unsecured and accrues interest 6% per annum payable on maturity October 26, 2013.
[3] The company entered into a promissory note with Actual Investment, LLC on March 13, 2013. The note is unsecured and accrues interest 6% per annum payable on maturity March 12, 2014.
[4] On May 24th, 2013 Actual Investments, LLC entered into a contemporaneous Agreement with Forge, LLC and the company. Actual Investments, LLC purchased $70,000 of the outstanding obligation to Forge, LLC as describe in subscript (1) and the note is subject to new terms agreed upon between the company and Actual Investments, LLC. Actual Investments, LLC has the option to purchase the remainder of the Forge, LLC debt. The obligation between the company and Actual Investments, LLC bears interest at 8% per annum and was payable at maturity in September 2013 plus accrued interest.