Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.21.4
BALANCE SHEETS - USD ($)
Sep. 30, 2021
Sep. 30, 2020
Current Assets    
Cash $ 1,517,522 $ 3,190,418
Accounts Receivable, Net 366,173
Prepaid Expenses and Other Current Assets 54,398 84,129
Total Current Assets 1,571,920 3,640,720
Property and Equipment, net 1,845 6,347
Oil and Natural Gas Properties, Full Cost Method of Accounting, Unproved Properties 12,124,720 12,372,853
Operating Lease Right of Use Asset 54,768
Total Non-Current Assets 12,126,565 12,433,968
Total Assets 13,698,485 16,074,688
Current Liabilities    
Accounts Payable 52,812 228,892
Related Party Payable 404,469 417,984
Related Party Accrued Interest Payable 2,961,689 2,521,890
Accrued Interest Payable 115,860 94,118
Accrued Liabilities and Other Payables 268,863
Loans from Related Parties 8,725,500 8,725,500
Notes Payable 120,827
Convertible Notes Payable, net of discount 176,663 461,613
Derivative Financial Instruments 1,201,656 1,070,551
Current Portion of Operating Lease Liability 62,074
Total Current Liabilities 13,638,650 13,972,312
Total Liabilities 13,638,650 13,972,312
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 1,500,000,000 as of September 30, 2021 and 2020; issued and outstanding 1,268,240,346 and 1,250,740,346, as of September 30, 2021 and 2020, respectively 1,268,240 1,250,740
Additional Paid-in Capital 58,999,585 58,728,308
Additional Paid-in Capital – Shares to Be Issued 105,000
Accumulated Deficit (60,207,991) (57,981,672)
Total Stockholders’ Equity (Deficit) 59,834 2,102,376
Total Liabilities and Stockholders’ Equity (Deficit) $ 13,698,485 $ 16,074,688