Schedule of Long-lived Assets |
Results of operations from producing activities were as follows
for the years ended December 31, 2018 and 2017:
|
|
Canada |
|
|
United
States |
|
|
Total |
|
Year
ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
1,118,283 |
|
|
$ |
54,777 |
|
|
$ |
1,173,060 |
|
Production
costs |
|
|
(1,239,317 |
) |
|
|
(302,102 |
) |
|
|
(1,541,419 |
) |
Depreciation,
depletion, amortization and accretion |
|
|
(440,075 |
) |
|
|
(50,898 |
) |
|
|
(490,973 |
) |
Results
of operations from producing activities |
|
$ |
(561,109 |
) |
|
$ |
(298,223 |
) |
|
$ |
(859,332 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
long-lived assets |
|
$ |
2,030,090 |
|
|
$ |
10,625,080 |
|
|
$ |
12,408,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
ended December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
— |
|
|
$ |
148,835 |
|
|
$ |
148,835 |
|
Production
costs |
|
|
— |
|
|
|
(416,232 |
) |
|
|
(416,232 |
) |
Depreciation,
depletion, amortization and accretion |
|
|
— |
|
|
|
(71,982 |
) |
|
|
(71,982 |
) |
Results
of operations from producing activities |
|
$ |
— |
|
|
$ |
(339,379 |
) |
|
$ |
(339,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
long-lived assets |
|
$ |
— |
|
|
$ |
13,434,960 |
|
|
$ |
13,434,960 |
|
|
Schedule of Revenues |
The
Company’s revenues are derived from the following major customers:
|
|
December
31, 2018 |
|
|
December
31, 2017 |
|
Customer
A |
|
$ |
1,118,283 |
|
|
$ |
— |
|
Customer
B |
|
|
54,777 |
|
|
|
137,635 |
|
Other
customers |
|
|
— |
|
|
|
11,200 |
|
Total
revenues |
|
$ |
1,173,060 |
|
|
$ |
148,835 |
|