| Schedule of Long-lived Assets |
Results of operations from producing activities were
as follows for the years ended December 31, 2019 and 2018:
| |
|
Canada |
|
|
United States |
|
|
Total |
|
| Year ended December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
2,827,877 |
|
|
$ |
88,857 |
|
|
$ |
2,916,734 |
|
| Production costs |
|
|
(3,021,805 |
) |
|
|
(365,294 |
) |
|
|
(3,387,099 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(1,004,832 |
) |
|
|
(32,187 |
) |
|
|
(1,037,019 |
) |
| Results of operations from producing activities |
|
$ |
(1,198,760 |
) |
|
$ |
(308,624 |
) |
|
$ |
(1,507,384 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets |
|
$ |
1,104,458 |
|
|
$ |
10,346,630 |
|
|
$ |
11,451,088 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
$ |
10,625,808 |
|
|
$ |
12,408,907 |
|
|
| Schedule of Revenues |
The Company’s revenues are derived from the
following major customers:
| |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
| Customer A |
|
$ |
2,827,877 |
|
|
$ |
1,118,283 |
|
| Customer B |
|
|
88,857 |
|
|
|
54,777 |
|
| Other customers |
|
|
— |
|
|
|
— |
|
| Total revenues |
|
$ |
2,916,734 |
|
|
$ |
1,173,060 |
|
|