2018 Q1 Form 10-K Financial Statement
#000162828018003845 Filed on March 29, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $430.0K | $590.0K | $2.175M |
YoY Change | -23.21% | -15.71% | 23.07% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $193.00 | $11.32K | $91.32K |
YoY Change | -99.19% | -43.4% | -30.99% |
% of Gross Profit | |||
Operating Expenses | $430.0K | $610.0K | $2.190M |
YoY Change | -23.21% | -16.44% | 23.5% |
Operating Profit | -$427.6K | -$2.190M | |
YoY Change | -29.31% | 23.5% | |
Interest Expense | $58.32K | -$40.00K | $338.2K |
YoY Change | -34.74% | 33.33% | 152.2% |
% of Operating Profit | |||
Other Income/Expense, Net | -$58.32K | -$338.2K | |
YoY Change | -34.74% | 152.2% | |
Pretax Income | -$485.9K | -$650.0K | -$2.529M |
YoY Change | -30.01% | 3.17% | 32.55% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$436.8K | -$18.84M | -$20.72M |
YoY Change | -34.54% | 2711.94% | 1019.03% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$19.93 | ||
Diluted Earnings Per Share | -$74.58K | -$11.02M | -$18.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.146M shares | 31.22M shares | 1.039M shares |
Diluted Shares Outstanding | 1.142M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.32K | $24.38K | $24.38K |
YoY Change | 1.6% | -59.37% | -56.82% |
Cash & Equivalents | $20.32K | $24.38K | $24.38K |
Short-Term Investments | |||
Other Short-Term Assets | $105.5K | $112.2K | $112.2K |
YoY Change | 954.7% | 1022.2% | 1027.84% |
Inventory | |||
Prepaid Expenses | $105.5K | $112.2K | |
Receivables | $0.00 | ||
Other Receivables | |||
Total Short-Term Assets | $125.8K | $136.6K | $136.6K |
YoY Change | 89.86% | 23.3% | 23.3% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $300.00 | $490.00 | $490.00 |
YoY Change | -99.95% | -99.92% | -99.92% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.750K | $1.750K | $1.750K |
YoY Change | |||
Total Long-Term Assets | $17.63M | $17.63M | $17.63M |
YoY Change | 2220.91% | 2175.45% | 2175.45% |
TOTAL ASSETS | |||
Total Short-Term Assets | $125.8K | $136.6K | $136.6K |
Total Long-Term Assets | $17.63M | $17.63M | $17.63M |
Total Assets | $17.76M | $17.77M | $17.77M |
YoY Change | 2049.97% | 1906.25% | 1906.24% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $480.9K | $590.9K | $590.9K |
YoY Change | -9.57% | 40.5% | 40.5% |
Accrued Expenses | $392.6K | $374.3K | $374.3K |
YoY Change | -3.16% | -49.86% | -83.26% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.410M | $896.5K | $0.00 |
YoY Change | 143.14% | 60.09% | |
Long-Term Debt Due | $896.5K | ||
YoY Change | 58.88% | ||
Total Short-Term Liabilities | $2.293M | $1.871M | $1.871M |
YoY Change | -20.6% | -43.43% | -43.43% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.293M | $1.871M | $1.871M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $2.293M | $1.871M | $1.871M |
YoY Change | -21.7% | -43.55% | -83.29% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$67.30M | -$66.86M | |
YoY Change | 43.77% | 44.91% | |
Common Stock | $82.76M | $87.56M | |
YoY Change | 128.89% | 144.39% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $15.46M | $15.90M | $15.90M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $17.76M | $17.77M | $17.77M |
YoY Change | 2049.97% | 1906.25% | 1906.24% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$436.8K | -$18.84M | -$20.72M |
YoY Change | -34.54% | 2711.94% | 1019.03% |
Depreciation, Depletion And Amortization | $193.00 | $11.32K | $91.32K |
YoY Change | -99.19% | -43.4% | -30.99% |
Cash From Operating Activities | -$449.8K | -$468.1K | -$1.938M |
YoY Change | -44.94% | -31.16% | -4.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.260K | $3.260K | |
YoY Change | -96.38% | -96.64% | |
Cash From Investing Activities | $3.260K | $3.261K | |
YoY Change | -96.38% | -95.85% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $445.7K | 482.8K | $1.903M |
YoY Change | -42.93% | -24.56% | -4.98% |
NET CHANGE | |||
Cash From Operating Activities | -$449.8K | -468.1K | -$1.938M |
Cash From Investing Activities | 3.260K | $3.261K | |
Cash From Financing Activities | $445.7K | 482.8K | $1.903M |
Net Change In Cash | -$4.059K | 17.93K | -$32.07K |
YoY Change | -88.72% | -64.14% | -159.32% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$449.8K | -$468.1K | -$1.938M |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$468.1K | -$1.938M | |
YoY Change | -31.16% | -3.51% |
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Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-15.93 | |
CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1112210 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-58435 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6689 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2304 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
5972 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-126243 | USD |
CY2016 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
211872 | USD |
CY2017 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-312172 | USD |
CY2016 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
0 | USD |
CY2017 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
81500 | USD |
CY2016 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1217 | USD |
CY2017 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
104016 | USD |
CY2016 | us-gaap |
Interest Expense
InterestExpense
|
134116 | USD |
CY2017 | us-gaap |
Interest Expense
InterestExpense
|
338236 | USD |
CY2016 | us-gaap |
Interest Paid
InterestPaid
|
46056 | USD |
CY2017 | us-gaap |
Interest Paid
InterestPaid
|
20469 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
3314560 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
1870934 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
885675 | USD |
CY2016 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
30000 | USD |
CY2017 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
30000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17768839 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3307419 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1870934 | USD |
CY2016Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
7141 | USD |
CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
570500 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
7885166 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
0 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2002500 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1902806 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
78652 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3261 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2027080 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1938140 | USD |
CY2016 | us-gaap |
Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
|
0 | USD |
CY2017 | us-gaap |
Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
|
17330000 | USD |
CY2016 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-134116 | USD |
CY2017 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-338236 | USD |
CY2016Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
564263 | USD |
CY2017Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
0 | USD |
CY2016Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
896500 | USD |
CY2016Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
2166643 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
|
0 | USD |
CY2016Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
2787986 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
0 | USD |
CY2016Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
621343 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
0 | USD |
CY2016 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1773689 | USD |
CY2017 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2190467 | USD |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
0 | USD |
CY2012Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
8163281 | USD |
CY2017Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
8954020 | USD |
CY2016Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
7493469 | USD |
CY2017Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
1999407 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9283 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9283 | USD |
CY2016 | us-gaap |
Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
|
0 | USD |
CY2017 | us-gaap |
Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
|
31694 | USD |
CY2016 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
18442 | USD |
CY2017 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
0 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2006Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
998333 | shares |
CY2006Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
715517 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
998333 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Subscribed But Unissued Subscriptions Receivable
PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable
|
0 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Shares Subscribed But Unissued Subscriptions Receivable
PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable
|
4800000 | USD |
CY2006Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
246950 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
9951 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
113967 | USD |
CY2016 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | USD |
CY2017 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1135000 | USD |
CY2016 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
97094 | USD |
CY2017 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
0 | USD |
CY2017Q4 | us-gaap |
Productive Oil Wells Number Of Wells Net
ProductiveOilWellsNumberOfWellsNet
|
30 | well |
CY2016 | us-gaap |
Profit Loss
ProfitLoss
|
-1906599 | USD |
CY2017 | us-gaap |
Profit Loss
ProfitLoss
|
-20720286 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
46883 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
43622 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
30893 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
43133 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
15990 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
489 | USD |
CY2016 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
109500 | USD |
CY2017 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
570500 | USD |
CY2016 | us-gaap |
Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
|
2670 | USD |
CY2017 | us-gaap |
Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
|
9613 | USD |
CY2016 | us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
6463 | USD |
CY2017 | us-gaap |
Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
|
15502 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-46140750 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-66861036 | USD |
CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
86733 | USD |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
312351 | USD |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P36M | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
27766 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
223556 | shares |
CY2016 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
2632 | shares |
CY2017 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
53808 | shares |
CY2015 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
0 | shares |
CY2016 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
0 | shares |
CY2017 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
0 | shares |
CY2016 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
86733 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
312351 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
26802052 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10314051 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15897905 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-2721019 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-2428885 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15897905 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.023631579 | |
CY2017 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-1237729 | USD |
CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
824515 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1142105 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
823878 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1039420 | shares |
CY2017 | vyey |
Adjustmentsto Additional Paidin Capital Changein Noncontrolling Interest
AdjustmentstoAdditionalPaidinCapitalChangeinNoncontrollingInterest
|
-9055166 | USD |
CY2017 | vyey |
Adjustmentsto Additional Paidin Capital Discounton Note Payable
AdjustmentstoAdditionalPaidinCapitalDiscountonNotePayable
|
210000 | USD |
CY2017 | vyey |
Adjustmentsto Additional Paidin Capital Increase From Discounton Preferred Stock
AdjustmentstoAdditionalPaidinCapitalIncreaseFromDiscountonPreferredStock
|
75500259 | USD |
CY2016 | vyey |
Amortizationof Deferred Financing Costsasa Resultof Debt Settlement
AmortizationofDeferredFinancingCostsasaResultofDebtSettlement
|
88060 | USD |
CY2017 | vyey |
Amortizationof Deferred Financing Costsasa Resultof Debt Settlement
AmortizationofDeferredFinancingCostsasaResultofDebtSettlement
|
317767 | USD |
CY2016 | vyey |
Book Loss
BookLoss
|
0.340 | |
CY2017 | vyey |
Book Loss
BookLoss
|
0.340 | |
CY2016 | vyey |
Capital Contributions
CapitalContributions
|
2112000 | USD |
CY2017 | vyey |
Capital Contributions
CapitalContributions
|
1170000 | USD |
CY2016Q4 | vyey |
Common Stock Equivalents
CommonStockEquivalents
|
458006 | shares |
CY2017Q4 | vyey |
Common Stock Equivalents
CommonStockEquivalents
|
888855 | shares |
CY2017Q4 | vyey |
Common Stock Neededto Settle Convertible Preferred Stock
CommonStockNeededtoSettleConvertiblePreferredStock
|
3632 | shares |
CY2016Q4 | vyey |
Convertible Preferred Stock Common Stock Equivalent
ConvertiblePreferredStockCommonStockEquivalent
|
137932 | shares |
CY2017Q4 | vyey |
Convertible Preferred Stock Common Stock Equivalent
ConvertiblePreferredStockCommonStockEquivalent
|
137932 | shares |
CY2016 | vyey |
Debt Discount Accretion
DebtDiscountAccretion
|
0.001 | |
CY2017 | vyey |
Debt Discount Accretion
DebtDiscountAccretion
|
-0.492 | |
CY2015Q3 | vyey |
Forbearance Agreement Remaining Borrowing Base Deficiency Due
ForbearanceAgreementRemainingBorrowingBaseDeficiencyDue
|
260000 | USD |
CY2016 | vyey |
Meals And Entertainment
MealsAndEntertainment
|
0.010 | |
CY2017 | vyey |
Meals And Entertainment
MealsAndEntertainment
|
0.000 | |
CY2016 | vyey |
Net Operating Loss Reduction Due
NetOperatingLossReductionDue
|
0.000 | |
CY2017 | vyey |
Net Operating Loss Reduction Due
NetOperatingLossReductionDue
|
2.033 | |
CY2017 | vyey |
Operating Loss Carryforwards Incurred
OperatingLossCarryforwardsIncurred
|
2186513 | USD |
CY2012 | vyey |
Operating Loss Carryforwards Limitationson Use Period
OperatingLossCarryforwardsLimitationsonUsePeriod
|
P20Y | |
CY2016 | vyey |
Proceeds From Stock Subscriptions Relatedto Financing Activities
ProceedsFromStockSubscriptionsRelatedtoFinancingActivities
|
0 | USD |
CY2017 | vyey |
Proceeds From Stock Subscriptions Relatedto Financing Activities
ProceedsFromStockSubscriptionsRelatedtoFinancingActivities
|
200000 | USD |
CY2017 | vyey |
Receivablefor Stock Subscriptions
ReceivableforStockSubscriptions
|
4800000 | USD |
CY2016 | vyey |
Relatedpartycontribution
Relatedpartycontribution
|
2112000 | USD |
CY2017 | vyey |
Relatedpartycontribution
Relatedpartycontribution
|
1170000 | USD |
CY2016 | vyey |
Revisionof Furnitureand Fixtures
RevisionofFurnitureandFixtures
|
0 | USD |
CY2017 | vyey |
Revisionof Furnitureand Fixtures
RevisionofFurnitureandFixtures
|
3261 | USD |
CY2017 | vyey |
Stock Issuedor Redeemed During Period Value New Issuesor Redemptions
StockIssuedorRedeemedDuringPeriodValueNewIssuesorRedemptions
|
99908098 | USD |
CY2016 | vyey |
Stock Subscriptions Receivable Noncash Investingand Financing Activities
StockSubscriptionsReceivableNoncashInvestingandFinancingActivities
|
0 | USD |
CY2017 | vyey |
Stock Subscriptions Receivable Noncash Investingand Financing Activities
StockSubscriptionsReceivableNoncashInvestingandFinancingActivities
|
4800000 | USD |
CY2017 | us-gaap |
Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Property and Equipment:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our office equipment in Austin, Texas is being depreciated on the straight-line method over the estimated useful life of </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> years. </font></div></div> | |
CY2017 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation, depletion, and amortization (“DD&A”) expense, property costs, estimated future net cash flows from proved reserves, assumptions related to abandonments and impairments of oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, general and administrative costs and interest, purchase price allocation on properties acquired, various common stock, warrants and option transactions, and loss contingencies.</font></div></div> |