Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Sep. 30, 2018
Current Assets    
Cash $ 2,299,930 $ 5,621,814
Prepaid Expenses and Other Current Assets 57,494 32,042
Accounts Receivable, net 14,164,519 6,286,796
Total Current Assets 16,521,943 11,940,652
Property and Equipment, Net of Depreciation 10,901 14,786
Oil and Natural Gas Properties, Full Cost Method of Accounting Unproved Properties 17,318,916 8,112,784
Other Non-Current Assets 3,699,319 24,785
Total Non-Current Assets 21,029,136 8,152,355
Total Assets 37,551,079 20,093,007
Current Liabilities    
Accounts Payable 19,376,643 7,591,236
Deposits from Joint Interest Owners 4,078,786
Related Party Payable 351,025 306,386
Accrued Interest Payable 2,102,729 1,732,239
Accrued Expenses and Other Payables 1,507,541 268,862
Loans from Related Parties 8,725,500 9,084,500
Notes Payable 307,666  
Term loan 716,265  
Convertible Promissory Notes Payable, net of Debt Discount 84,515 135,000
Funds Received from Capital Raise 965,800
Derivative Financial Instruments 3,917,008 271,710
Other 53,510 44,723
Total Current Liabilities 37,142,402 24,479,242
Total Liabilities 37,142,402 24,479,242
Commitments and Contingencies (Note 9)  
Stockholders' Equity    
Preferred Stock; par value ($0.001); Authorized 50,000,000 shares none issued or outstanding  
Common Stock; par value ($0.001); Authorized 1,500,000,000 shares; issued and outstanding 1,092,266,844 and 832,013,272, as of June 30, 2019 and September 30, 2018, respectively 1,092,266 832,013
Additional Paid-in-Capital 53,890,767 36,640,009
Accumulated Deficit (54,574,356) (41,858,257)
Total Stockholders' Equity (Deficit) 408,677 (4,386,235)
Total Liabilities and Stockholders' Equity (Deficit) $ 37,551,079 $ 20,093,007