Segment Information

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Information

15. Segment Information

During 2019 and 2018, the Company’s operations were in the resource industry in Bulgaria, and Turkey with head offices in the United States and a satellite office in Sofia, Bulgaria. The Company operated a few segments, a head office in Canada, an oil and natural gas operations in Turkey and its oil and natural gas properties are located in Bulgaria.

For the period ended March 31, 2019

	Bulgaria			North America			Turkey			Total
Revenue
Oil and gas sales	$	-		$	-		$	1,024,784		$	1,024,784
Cost and expenses
Production		-			-			658,453			684,453
Depletion		-			-			151,400			151,400
Depreciation		-			-			12,353			12,353
Accretion of asset retirement obligation		-			-			100,653			100,653
General and administrative		459			160,243			256,778			417,480
Total (recovery) expenses	$	459		$	160,243		$	1,179,637		$	1,340,339
Income (loss) before other income (expenses)	$	(459	)	$	(160,243	)	$	(154,853	)	$	(315,555	)
Other income (expenses)
Interest income		-			-			6,447			6,447
Interest expense		-			(9,138	)		-			(9,138	)
Accretion of operating lease liability		-			-			(1,424	)		(1,424	)
Foreign exchange gain (loss)		-			2,067			2,663			4,730
Other expense		-			-			(77	)		(77	)
Total other income (expense)	$	-		$	(7,071	)	$	7,609		$	538
Net Income (loss)	$	(459	)	$	(167,314	)	$	(147,244	)	$	(315,017	)
Long Lived Assets	$	3,115,918		$	-		$	3,525,649		$	6,641,567

For the period ended March 31, 2018

	Bulgaria			North America			Turkey			Total
Revenue
Oil and gas sales	$	-		$	-		$	964,022		$	964,022
Cost and expenses
Production		-			-			711,621			711,621
Depletion		-			-			163,049			163,049
Depreciation		-			-			5,348			5,348
Accretion of asset retirement obligation		-			-			84,058			84,058
General and administrative		(150	)		178,344			242,772			420,966
Total (recovery) expenses	$	(150	)	$	178,344		$	1,206,848		$	1,385,042
Income (loss) before other income (expenses)	$	150		$	(178,344	)	$	(242,826	)	$	(421,020	)
Other income (expenses)
Interest income		-			-			3,343			3,343
Interest expense		-			(22,183	)		-			(22,183	)
Foreign exchange gain (loss)		-			2,455			(10,258	)		(7,803	)
Loss on debt settlement		-			(102,500	)		-			(102,500	)
Total other income (expense)	$	-		$	(122,228	)	$	(6,915	)	$	(129,143	)
Net Income (loss)	$	150		$	(300,572	)	$	(249,741	)	$	(550,163	)
Long Lived Assets	$	-		$	-		$	4,163,304		$	4,163,304