Annual report pursuant to section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2011 $ 10,821 $ 0 $ 185,218 $ (226,188) $ (30,149)
Balance (in Shares) at Dec. 31, 2011 10,820,600 0      
Stock-based compensation –employees 210   3,990   4,200
Stock-based compensation –employees (in Shares) 210,000        
Stock-based compensation – consultants 105   73,395   73,500
Stock-based compensation – consultants (in Shares) 105,000        
Proceeds from issuance of common stock 6,024 9,126 4,257,253   4,272,403
Proceeds from issuance of common stock (in Shares) 6,024,148 9,125,500      
Purchase of treasury stock   (14,126)     (14,126)
Purchase of treasury stock (in Shares)   (9,145,500)      
Net loss       (1,440,000) (1,440,000)
Balance at Dec. 31, 2012 17,160 (5,000) 4,519,856 (1,666,188) 2,865,828
Balance (in Shares) at Dec. 31, 2012 17,159,748 (20,000)      
Stock-based compensation –employees 95   36,227   36,322
Stock-based compensation –employees (in Shares) 95,000        
Debt discount     443,228   443,228
Purchase of treasury stock (45) 5,000 (4,955)    
Purchase of treasury stock (in Shares) (45,000) 20,000      
Repurchase and cancellation of common shares (3,632)   2,732   (900)
Repurchase and cancellation of common shares (in Shares) (3,631,707)        
Shares issued for oil properties 600   432,400   433,000
Shares issued for oil properties (in Shares) 600,000        
Net loss       (894,506) (894,506)
Balance at Dec. 31, 2013 $ 14,178 $ 0 $ 5,429,488 $ (2,560,694) $ 2,882,972
Balance (in Shares) at Dec. 31, 2013 14,178,041 0