| Cash and cash equivalents |
135.47K |
| Accounts receivable |
29.82K |
| Notes receivable |
10K |
| Deposits and prepaid expenses |
| Receivables from joint interests, net of allowance, for doubtful accounts of $135,727 and $178,922 |
20K |
| Total current assets |
587.56K |
| Notes receivable |
| Property and equipment, net |
| Unproven oil and gas properties |
1.87M |
| Producing oil and gas properties, net |
221.94K |
| Intellectual property rights, net |
21.3K |
| Total Assets |
2.71M |
| Accounts payable and accrued liabilities |
159.78K |
| Accrued payroll - related parties |
200.56K |
| Dividends payable - related party |
160.39K |
| Accrued liabilities to joint interest |
| Notes payable- related party |
20K |
| Notes payable, net of discount |
149.2K |
| Total current liabilities |
699.9K |
| Notes payable, net of discount |
| Accrued asset retirement obligation (ARO) liability |
133.54K |
| Total Liabilities |
833.43K |
| Commitments and contingencies |
| Preferred stock, Series A, $.10 par value, 1,000,000 shares authorized; 100 shares issued and outstanding stated at redemption value |
| Common stock, $.001 par value: 1,000,000,000 shares authorized 531,403,603 and 479,556,004 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively |
18.2K |
| Additional paid-in capital |
33.02M |
| Common stock subscribed |
| Accumulated deficit |
-31.16M |
| Total stockholder's equity |
1.88M |
| Total |
2.71M |
