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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 192,253 $ 130,476
Receivables 1,159,023 600,312
Prepaid expenses and deposits 49,681 316,694
Total current assets 1,400,957 1,047,482
Oil and gas properties, net 6,795,622 5,723,394
Property and equipment, net 109,588 97,777
Restricted cash 99,408 127,688
Note receivable 47,322 46,109
Total assets 8,452,897 7,042,450
Current liabilities:    
Accounts payable and accrued liabilities 1,517,885 1,584,050
Loans payable 618,714 965,287
Total current liabilities 2,136,599 2,549,337
Asset retirement obligation 3,927,931 2,527,259
Total liabilities 6,064,530 5,076,596
Stockholders’ equity:    
Common stock Authorized: 250,000,000 shares, par value $0.00001 Issued and outstanding: 71,684,965 and 58,243,904 shares, respectively. 717 582
Additional paid-in capital 24,375,499 22,905,377
Stock subscriptions and stock to be issued 145,802 80,400
Accumulated other comprehensive loss (303,344) (135,469)
Accumulated deficit (21,830,307) (20,885,036)
Total stockholders’ equity 2,388,367 1,965,854
Total liabilities and stockholders’ equity $ 8,452,897 $ 7,042,450