Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Provision for Income Taxes

The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	2018			2017
Benefit at statutory rate	$	(498,858	)	$	(845,524	)
Permanent differences and other:		-			-
Change in tax rates		(170,498	)		2,383,436
Valuation allowance change		669,356			(1,537,912	)
Income tax provision	$	–		$	–

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2018 and 2017 are as follows:

	2018			2017
Net operating losses carried forward	$	3,391,039		$	2,892,181
Oil and gas properties		77,556			77,556
Stock compensation expense		1,050,695			880,197
Other		233			233
Total deferred income tax assets		4,519,523			3,850,167
Valuation allowance		(4,519,523	)		(3,850,167	)
Net deferred income tax asset	$	–		$	–