Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

v3.5.0.2
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net loss $ (704,801) $ (1,131,230)
Adjustment to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation and amortization 35,201 59,210
Accretion of debt discount 134,467 62,405
Impairment of Oil & Gas Properties 0 668,073
Loss on Conveyance of PORRI warrants 14,336 69,107
ARO accretion 13,033 0
Stock-based compensation expense - employees 138,097 33,778
Changes in operating assets and liabilities    
Accounts receivable (68,662) (2,335)
Inventory 33,330 0
Other assets 4,537 7,647
Accounts payable 257,073 39,220
Accrued liabilities 61,418 1,147
Net cash flows from operating activities (81,971) (192,978)
Cash Flows from Investing Activities    
Cash acquired from investment in Askarii 114 0
Proceeds from sale of property and equipment 30,000 4,525
Purchase of fixed asset (13,116) 0
Cash flows from investing activities 16,998 4,525
Cash Flows from Financing Activities    
Payments of shareholder advances (81,000)  
Proceeds from shareholder advances 118,000 60,000
Proceeds from issuance of common stock 48,000 140,000
Payments on notes payable (1,610) (7,867)
Cash flows from financing activities 83,390 192,133
Net change in cash and cash equivalents 18,417 3,680
Cash and cash equivalents    
Beginning of period 3,091 24,688
End of period 21,508 28,368
SUPPLEMENTAL DISCLOSURES    
Interest Paid 16,453 8,716
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Purchase of Askarii 50,000 0
Warrants issued with debt 3,451 0
Transfer to Askarii inventory 146,861 0
Shares Issued as Payment for Affiliated Note [Member]    
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Debt conversion, original debt amount 146,875 0
Shares Issued as Settlement of Accounts Payable [Member]    
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Debt conversion, original debt amount 42,000 0
Shares Issued as Payment of Shareholder Advances [Member]    
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Debt conversion, original debt amount 20,000 0
Shares Issued for Conversion of Debt [Member]    
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Debt conversion, original debt amount $ 0 $ 60,000