Disposition of Bow Energy Ltd., A Related Party (Tables)

9 Months Ended

Sep. 30, 2018

The gain on sale is summarized as follows:

Cash	$	100,000
Shares returned to treasury (70,807,417 shares at $0.07 per share)		4,956,519
Total consideration received		5,056,519
Less: Carrying value of net assets disposed		(1,376,743	)
Fair value of retained non-controlling interest (20% of $4,683,893 net liabilities of BEIH)		—	⁽¹⁾
Gain on disposition of Bow Energy Ltd.	$	3,679,776

⁽¹⁾Initially recognized at $nil as the entity is in a net liability position.