| Schedule of Supplemental Cash Flow Information |
13. SUPPLEMENTAL
DISCLOSURES – CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
| |
|
Nine Months
Ended
September 30, 2018
|
|
|
Nine Months
Ended
September 30, 2017
|
|
| Interest Paid |
|
$ |
25,452 |
|
|
$ |
22,782 |
|
| NON-CASH INVESTING AND FINANCIAL DISCLOSURES |
|
|
|
|
|
|
|
|
| Common shares issued for purchase Bow Energy Ltd. (note 4) |
|
|
34,607,088 |
|
|
|
— |
|
| Shares cancelled as proceeds in sale of Bow Energy Ltd. (note 5) |
|
|
4,956,519 |
|
|
|
— |
|
| Settlement of accrued salaries for related parties with common shares |
|
|
61,621 |
|
|
|
— |
|
| Settlement of account payable – related parties for common shares, related party |
|
|
102,590 |
|
|
|
— |
|
| Series A preferred dividend |
|
|
134,113 |
|
|
|
— |
|
| Proceeds from notes payable paid directly by the related party creditor to seller for acquisition of working interests |
|
|
313,775 |
|
|
|
— |
|
| Sale of vehicle to related party |
|
|
— |
|
|
|
8,677 |
|
| Note payable for vehicle purchase |
|
|
— |
|
|
|
35,677 |
|
| Initial recognition of asset retirement obligation |
|
|
— |
|
|
|
101,405 |
|
| Preferred shares issued for purchase of related party’s equipment |
|
|
— |
|
|
|
30,000 |
|
| Settlement of accounts receivable and other assets for oil and gas properties |
|
|
— |
|
|
|
465,798 |
|
| Settlement of debt with preferred shares |
|
|
— |
|
|
|
154,000 |
|
| Settlement of debt with preferred shares – related parties |
|
|
— |
|
|
|
925,900 |
|
| Settlement of debt with common shares |
|
|
— |
|
|
|
32,532 |
|
| Settlement of ORRI investments with preferred shares |
|
|
— |
|
|
|
405,000 |
|
| Settlement of related party debt with shares of common stock and warrants |
|
|
— |
|
|
|
4,033,151 |
|
|