| Schedule of Segment Reporting Information |
Oil
field services – which includes selling oil field related equipment and providing various oil field related services
to the oil and gas industry.
| |
|
December
31, 2017 |
|
|
December
31, 2016 |
|
| Revenues |
|
|
|
|
|
|
|
|
| Oil &
Gas |
|
$ |
148,835 |
|
|
$ |
123,246 |
|
| Oil
field services |
|
|
— |
|
|
|
198,000 |
|
| Total
Revenues |
|
|
148,835 |
|
|
|
321,246 |
|
| |
|
|
|
|
|
|
|
|
| Net
Income |
|
|
|
|
|
|
|
|
| Oil & Gas |
|
|
(3,245,008 |
) |
|
|
(2,052,004 |
) |
| Oil
field services |
|
|
(16,276 |
) |
|
|
176,225 |
|
| Total
Net Income |
|
|
(3,261,284 |
) |
|
|
(1,875,779 |
) |
| |
|
|
|
|
|
|
|
|
| Assets |
|
|
|
|
|
|
|
|
| Oil & Gas |
|
|
13,408,306 |
|
|
|
13,026,082 |
|
| Oil
field services |
|
|
169,266 |
|
|
|
185,542 |
|
| Total
Assets |
|
|
13,577,572 |
|
|
|
13,211,624 |
|
| Accounts
Receivable |
|
|
|
|
|
|
|
|
| Oil & Gas |
|
|
51,026 |
|
|
|
199,003 |
|
| Oil
field services |
|
|
— |
|
|
|
— |
|
| Total
Accounts Receivable |
|
$ |
51,026 |
|
|
$ |
199,003 |
|
|