Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net Loss $ (423,861) $ (514,404)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Depreciation 1,309 2,174
Stock Based Compensation 74,342 65,506
Debt Discount Amortization   78,864
Loss on Derivative Financial Instrument 196,266  
Changes in Operating Assets and Liabilities:    
(Increase)/Decrease in Accounts Receivable - Joint Interest Owners (6,707,634)  
(Increase)/Decrease in Prepaid Expenses and Other Current Assets 38,883 38,798
Increase/(Decrease) in Deposits from Joint Interest Owners (2,622,000)  
Increase/(Decrease) in Accounts Payable 8,890,616 3,067
Increase/(Decrease) in Related Party Payable 14,878 5,916
Increase/(Decrease) in Other 30,317  
Increase/(Decrease) in Accrued Interest 119,805 144,205
Net Cash Used In Operating Activities (387,079) (175,874)
INVESTING ACTIVITIES    
Leases Purchased / Lease Rentals Paid (21,000)  
Investments in Oil and Natural Gas Properties (1,390,914) (183,185)
Proceeds From Sale of Working Interest   290,589
Net Cash (Used In)/Provided By Investing Activities (1,411,914) 107,404
FINANCING ACTIVITIES    
Proceeds from Convertible Promissory Notes and Warrants   200,000
Payments on Note Payable (26,035) (29,473)
Net Cash (Used In)/Provided By Financing Activities (26,035) 170,527
Net Increase/(Decrease) in Cash (1,825,028) 102,057
Beginning Cash Balance 5,621,814 6,426
Ending Cash Balance 3,796,786 108,483
Supplemental Schedule of Cash Flow Activities:    
Cash Paid for Interest 1,335 2,008
Non-Cash Financing and Investing Activities:    
Prepaid Insurance Financed by Note Payable 146,310 156,718
Capital Expenditures Included in Accounts Payable 1,360,433 9,238
Stock-Based Compensation Capitalized to Unproved Properties 318,658 $ 27,875
Funds Received from Capital Raise Transferred to Equity $ 965,800