Note 7 - Related Party Transactions (Details) (USD $)
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6 Months Ended | |
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Jun. 30, 2014
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Dec. 31, 2013
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Gain on sale of wholly owned subsidiary | $ 139,050 | |
Long-Term Note | 300,000 | |
Notes payable - related party | 17,250 | 12,750 |
Stated Interest Rate | 8.00% | |
Donna Steward
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Notes payable - related party | 3,750 | 3,000 |
Charles Snipes
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Notes payable - related party | 1,500 | 750 |
Robert Anderson
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Notes payable - related party | 750 | 0 |
Mike King
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Notes payable - related party | 11,250 | 9,000 |
Texas Gulf Exploration & Production Inc.
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Service Fee | 10.00% | |
Office Space and Administrative Services
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Monthly payment amount | $ 2,500 |
X | ||||||||||
- Definition
The fee percentage for the right of first refusal to provide wellhead services for oil and gas wells. No definition available.
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X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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