Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Sep. 30, 2018
Current Assets    
Cash $ 5,001,143 $ 5,621,814
Prepaid Expenses and Other Current Assets 113,611 32,042
Accounts Receivable, net 9,722,309 6,286,796
Total Current Assets 14,837,063 11,940,652
Property and Equipment, Net of Depreciation 12,196 14,786
Oil and Natural Gas Properties, Full Cost Method of Accounting Unproved Properties 16,892,281 8,112,784
Other Non-Current Assets 24,785 24,785
Total Non-Current Assets 16,929,262 8,152,355
Total Assets 31,766,325 20,093,007
Current Liabilities    
Accounts Payable 14,022,521 7,591,236
Deposits from Joint Interest Owners   4,078,786
Related Party Payable 336,145 306,386
Accrued Interest Payable 1,970,160 1,732,239
Accrued Expenses and Other Payables 268,862 268,862
Loans from Related Parties 8,725,500 9,084,500
Notes Payable 347,755  
Convertible Promissory Notes Payable 227,000 135,000
Funds Received from Capital Raise   965,800
Derivative Financial Instrument 288,702 271,710
Other 64,275 44,723
Total Current Liabilities 26,250,920 24,479,242
Total Liabilities 26,250,920 24,479,242
Commitments and Contingencies (Note 9)  
Stockholders' Equity (Deficit)    
Preferred Stock; par value ($0.001); Authorized 50,000,000 shares none issued or outstanding  
Common Stock; par value ($0.001); Authorized 1,500,000 shares; issued and outstanding 1,089,433,510 and 832,013,272, respectively 1,089,433 832,013
Additional Paid-in-Capital 52,794,029 36,640,009
Accumulated Deficit (48,368,056) (41,858,257)
Total Stockholders' Equity (Deficit) 5,515,405 (4,386,235)
Total Liabilities and Stockholders' Equity (Deficit) $ 31,766,325 $ 20,093,007