NOTE 9. INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($) |
Dec. 31, 2014 |
Dec. 31, 2013 |
|---|---|---|
| Gross Values [Member] | ||
| Deferred tax assets | ||
| Book Impairment | $ 0 | $ 0 |
| Net operating loss carryforwards | 4,235,227 | 3,417,844 |
| Asset retirement obligation | 0 | 0 |
| Other | 0 | 6,000 |
| Total deferred tax assets | 4,235,227 | 3,423,844 |
| Deferred tax liabilities | ||
| O&G Properties | (1,631,976) | (1,280,525) |
| Other | 0 | 0 |
| Total deferred tax liabilities | (1,631,976) | (1,280,525) |
| Less: Valuation allowance | (2,603,251) | (2,143,319) |
| Net deferred tax assets (liabilities) | 0 | 0 |
| Tax Effect [Member] | ||
| Deferred tax assets | ||
| Book Impairment | 0 | 0 |
| Net operating loss carryforwards | 1,482,329 | 1,196,245 |
| Asset retirement obligation | 0 | 0 |
| Other | 0 | 2,100 |
| Total deferred tax assets | 1,482,329 | 1,198,345 |
| Deferred tax liabilities | ||
| O&G Properties | (571,192) | (448,184) |
| Other | 0 | 0 |
| Total deferred tax liabilities | (571,192) | (448,184) |
| Less: Valuation allowance | (911,137) | (750,161) |
| Net deferred tax assets (liabilities) | $ 0 | $ 0 |
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, before jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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