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Supplementary Cash Flow
3 Months Ended
Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]  
Supplementary Cash Flow

12. Supplementary cash flow

 

The following table provides a reconciliation of cash and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.

 

   

Three Months Ended

March 31,

 
    2018     2017  
Cash   $ 204,283     $ 314,900  
Restricted cash     126,622       132,084  
Total cash and restricted cash shown in the statement of cash flows   $ 330,905     $ 446,984  

 

The restricted cash is related to the drilling bonds provided to GDPA (General Directorate of Petroleum Affairs) for the exploration licenses due to Turkish Petroleum Law. The amounts are for 2% of the annual work budget of the different licenses which is submitted to GDPA on annual basis.