Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Employee [Member]
Common Stock [Member]
Employee [Member]
Additional Paid-in Capital [Member]
Employee [Member]
Director [Member]
Common Stock [Member]
Director [Member]
Additional Paid-in Capital [Member]
Director [Member]
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
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             $ 95   36,227   36,322
Stock-based compensation (in Shares)             95,000        
Purchase of Treasury stock and cancellation of stock             $ (45) $ 5,000 (4,955)    
Purchase of Treasury stock and cancellation of stock (in Shares)             (45,000) 20,000      
Repurchase of stock             $ (3,632)   2,732   (900)
Repurchase of stock (in Shares)             (3,631,707)        
Shares issued for oil properties             $ 600   432,400   433,000
Shares issued for oil properties (in Shares)             600,000        
Debt discount                 443,228   443,228
Net loss                   (894,506) (894,506)
Balance at Dec. 31, 2013             $ 14,178   5,429,488 (2,560,694) 2,882,972
Balance (in Shares) at Dec. 31, 2013             14,178,041        
Stock-based compensation $ 2,425 $ 697,878 $ 700,303 $ 200 $ 34,800 $ 35,000 $ 950   411,050   412,000
Stock-based compensation (in Shares) 2,425,000     200,000     950,000        
Repurchase of stock             $ (1,000)   1,000    
Repurchase of stock (in Shares)             (1,000,000)        
Shares issued for cash             $ 2,600   777,424   780,024
Shares issued for cash (in Shares)             2,600,111        
Net loss                   (1,674,533) (1,674,533)
Balance at Dec. 31, 2014             $ 19,353   $ 7,351,640 $ (4,235,227) $ 3,135,766
Balance (in Shares) at Dec. 31, 2014             19,353,152