Quarterly report pursuant to Section 13 or 15(d)

NOTE 8. BUSINESS SEGMENTS (Tables)

v3.5.0.2
NOTE 8. BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
 
Three Months Ended
June 30, 2016
   
Three Months Ended
June 30, 2015
   
Six Months Ended
June 30, 2016
   
Six Months Ended
June 30, 2015
 
Revenues
                       
  Oil & Gas
 
$
34,294
   
$
67,633
   
$
57,293
   
$
128,159
 
  Oil field services
   
18,000
     
-
     
198,000
     
-
 
                                 
Net Income (Loss)
                               
  Oil & Gas
   
(417,829
)
   
(917,950
)
   
(869,471
)
   
(1,131,230
)
  Oil field services
   
14,970
     
-
     
164,670
     
-
 
                                 
   
June 30, 2016
   
December 31, 2015
                 
Assets
                               
  Oil & Gas
   
4,129,498
     
4,196,016
                 
  Oil field services
   
113,531
     
-
                 
                                 
Accounts Receivable
                               
  Oil & Gas
   
117,295
     
48,633
                 
  Oil field services
 
$
-
   
$
-
    $       $