Quarterly report pursuant to Section 13 or 15(d)

SCHEDULE OF RELATED PARTY NOTES PAYABLE (Details)

v3.22.1
SCHEDULE OF RELATED PARTY NOTES PAYABLE (Details) - USD ($)
3 Months Ended
Jan. 02, 2021
Feb. 28, 2020
Feb. 14, 2020
Jan. 03, 2020
Jan. 02, 2020
Mar. 31, 2021
Feb. 12, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 04, 2019
Aug. 15, 2019
Sep. 17, 2018
Jan. 06, 2017
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate                         5.49%
Notes payable - related party           $ 950,516   $ 1,035,329          
Loan Agreement [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate 10.00% 0.00%     10.00%   10.00%            
Date of maturity   Mar. 01, 2022     Jun. 30, 2020                
Discount on related party notes         $ 266,674                
Discount         (266,674)                
Debt Instrument, Face Amount $ 918,049 $ 50,000     $ 1,000,000   $ 416,900         $ 200,000  
Quinten Beasley [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate           10.00%              
Date of maturity           Oct. 14, 2016              
Notes payable - related party           $ 5,000   5,000          
Jovian Petroleum Corporation [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [1]           4.00%              
Date of maturity [1]           Dec. 31, 2021              
Notes payable - related party [1]           $ 178,064   188,285          
Ivar Siem [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [2]           12.00%              
Notes payable - related party [2]             200,000          
Date of maturity [2]           On demand              
Ivar Siem [Member] | Loan Agreement [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate 9.00%                 12.00% 12.00%    
Debt Instrument, Face Amount $ 278,435                 $ 100,000 $ 75,000    
Ivar Siem One [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Notes payable - related party [2]             50,000          
Date of maturity [2]           On demand              
Ivar Siem Two [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [2]           9.00%              
Date of maturity [2]           Dec. 31, 2021              
Notes payable - related party [2]           $ 278,435            
Mark M Allen [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [3]           9.00%              
Date of maturity [3]           Sep. 02, 2021              
Notes payable - related party [3]           $ 55,000   55,000          
Discount on related party notes             11,536          
Discount             (11,536)          
Mark M Allen [Member] | Loan Agreement [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate 9.00%   10.00% 10.00%         12.00%        
Date of maturity Jun. 30, 2021   Jun. 01, 2020 Jun. 01, 2020                  
Debt Instrument, Face Amount $ 245,938   $ 125,000 $ 100,000         $ 200,000        
Mark M Allen One [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [4]           10.00%              
Date of maturity [4]           Jun. 30, 2021              
Notes payable - related party [4]               135,000          
Discount on related party notes             11,420          
Discount             (11,420)          
Mark M Allen Two [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [5]           12.00%              
Date of maturity [5]           Jun. 30, 2021              
Notes payable - related party [5]           $ 200,000   200,000          
Discount on related party notes           11,922            
Discount           $ (11,922)            
Mark M Allen Three [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [6]           10.00%              
Date of maturity [6]           Jun. 30, 2020              
Notes payable - related party [6]             100,000          
Discount on related party notes           100,000              
Discount           $ (100,000)              
Mark M Allen Four [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [6]           10.00%              
Date of maturity [6]           Jun. 30, 2020              
Notes payable - related party [6]             125,000          
Discount on related party notes           125,000              
Discount           $ (125,000)              
Mark Allen [Member]                          
Defined Benefit Plan Disclosure [Line Items]                          
Interest rate [6]           9.00%              
Date of maturity [6]           Jun. 30, 2021              
Notes payable - related party [6]           $ 245,938            
Discount on related party notes           245,000              
Discount           $ (245,000)              
[1] On February 9, 2018, the Company entered into a Revolving Line of Credit Agreement (“LOC”) for $200,000 (subsequently increased to $500,000 on April 12, 2018) with Jovian Petroleum Corporation (“Jovian”). The CEO of Jovian is Quinten Beasley, our former director (resigned October 31, 2018), and 25% of Jovian is owned by Zel C. Khan, our former CEO and director. The initial agreement was for a period of 6 months, and it can be extended for up to 5 additional terms of 6 months each. All amounts advanced pursuant to the LOC will bear interest from the date of advance until paid in full at 3.5% simple interest per annum. Interest will be calculated on a basis of a 360-day year and charged for the actual number of days elapsed. Subsequent to period-end this LOC has been extended until December 31, 2021.
[2] On August 15, 2019, the Company entered into a loan agreement in the amount of $75,000 with Ivar Siem. The note bears interest at an interest rate of 12% per annum with a four (4) month maturity. On December 4, 2019, the Company entered into a loan agreement in the amount of $100,000 with Ivar Siem. The note bears interest at an interest rate of 12% per annum with a six (6) month maturity. At the maturity date, the note holder has the right to collect the principal plus interest or convert into 1,250,000 shares of common stock at $0.08 per share. In addition, if converted, the note holder will also receive 5,000,000 warrants at an exercise price of $0.10 per share, vesting immediately with a 36-month expiration period. On February 28, 2020, the Company entered into a $50,000 loan agreement with a Ivar Siem. The note does not bear any interest (0% interest rate) is due on demand. The note includes warrants to purchase 200,000 shares of common stock (the “Loan Warrants”), at an exercise price of $0.10 per share in Canadian dollars and expire on March 1, 2022. The warrants vest and will be issued on January 1, 2021. On January 1, 2021, the Company entered into an amended loan agreement in the amount of $278,435, which combined the three previous loans, along with accrued interest. The note bears an interest rate of 9% and matures on December 21, 2021.
[3] On April 15, 2020, the Company entered into a consulting agreement, with Mark M Allen, that included a funding clause where the Company borrowed $55,000 from Mr. Allen. Mr. Allen is responsible for the future oversight and management of the SUDS field located in Creek County, Oklahoma. The note bears interest at an interest rate of 9% per annum and matures on August 15, 2021.
[4] On January 6, 2020, the Company entered into a consulting agreement, with Mark M Allen, that included a funding clause where the Company borrowed $135,000 ($62,000 on January 6, 2020, $45,000 on May 18, 2020, and $28,000 on June 26, 2020) from a third party. The third party is responsible for the future oversight and management of the SUDS field located in Creek County, Oklahoma. The note bore interest at an interest rate of 10% per annum and mature on June 30, 2020. On March 30, 2021, this note was settled with shares of the company. More details can be found in Note 10. Equity.
[5] During 2019, the Company entered into a loan agreement in the amount of $200,000 with Mark M Allen. The note bears interest at an interest rate of 12% per annum and matures on June 30, 2021. At the maturity date, the note holder has the right to collect the principal plus interest or convert into 2,500,000 shares of common stock at $0.08 per share. In addition, upon conversion, the note holder will also receive 10,000,000 warrants at an exercise price of $0.10 per share, vesting immediately with a 36-month expiration period.
[6] On January 3, 2020, the Company entered into a loan agreement in the amount of $