NOTE RECEIVABLE (Details Narrative) - USD ($) |
12 Months Ended | |
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Nov. 04, 2015 |
Dec. 31, 2015 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Value of shares issued for note receivable | $ 316,800 | |
Market price (in dollar per share) | $ 0.06 | |
10% Note Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Receivable face amount | $ 1,300,000 | |
Market price (in dollar per share) | $ 0.528 | |
Blue Sky New Mexico, Inc [Member] | 10% Note Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Receivable face amount | $ 1,300,000 | |
Number of shares issued for note receivable (in shares) | 6,000,000 | |
Value of shares issued for note receivable | $ 316,800 | |
Market price (in dollar per share) | $ 0.528 | |
Description of notes receivable collateral |
Note is secured by mortgages on the Twin Lakes oil and gas leases. |
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- Definition Information relating to notes receivable. No definition available.
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- Definition Amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. No definition available.
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. No definition available.
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Details
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- Details
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