Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 31, 2022 | Jun. 30, 2021 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000855787 | ||
Entity Registrant Name | ALPHA ENERGY INC | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Transition Report | false | ||
Entity File Number | 333-197642 | ||
Entity Incorporation, State or Country Code | CO | ||
Entity Tax Identification Number | 90-1020566 | ||
Entity Address, Address Line One | 4162 Meyerwood Drive | ||
Entity Address, City or Town | Houston | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 77025 | ||
City Area Code | 713 | ||
Local Phone Number | 316-0061 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Title of 12(b) Security | Common | ||
Trading Symbol | APHE | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 7,680,908 | ||
Entity Common Stock, Shares Outstanding | 18,824,106 | ||
Auditor Name | MaloneBailey, LLP | ||
Auditor Location | Houston, Texas | ||
Auditor Firm ID | 206 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets: | ||
Cash | $ 217 | $ 0 |
Prepaids and other current assets | 23,750 | 30,000 |
Total current assets | 23,967 | 30,000 |
Noncurrent Assets: | ||
Oil and gas properties, unproved, full cost | 145,791 | 70,000 |
Total Assets | 169,758 | 100,000 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 270,250 | 585,732 |
Accounts payable and accrued expenses - related parties | 228,668 | 120,568 |
Interest payable | 77,563 | 31,295 |
Short term advances from related parties | 628,550 | 116,000 |
Note payable – related party | 65,000 | 65,000 |
Short term note | 0 | 1,160,000 |
Convertible note payable | 1,210,000 | 0 |
Derivative liability | 145,041 | 96,369 |
Total current liabilities | 2,625,072 | 2,174,964 |
Convertible credit line payable – related party, net of discount of $11,100 and $2,754, respectively | 157,228 | 145,574 |
Asset retirement obligation | 918 | 862 |
Total Liabilities | 2,783,218 | 2,321,400 |
Commitments and contingencies | ||
Stockholders' Deficit: | ||
Preferred stock, 10,000,000 shares authorized:Series A convertible preferred stock, $0.001 par value, 2,000,000 shares authorized and 0 shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value, 65,000,000 shares authorized and 18,824,106 and 18,145,428 shares issued and outstanding, respectively | 18,824 | 18,145 |
Additional paid-in capital | 2,739,634 | 2,061,635 |
Accumulated deficit | (5,371,918) | (4,301,180) |
Total Stockholders' Deficit | (2,613,460) | (2,221,400) |
Total Liabilities and Stockholders' Deficit | $ 169,758 | $ 100,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Convertible debt, noncurrent unamortized discount | $ 11,100 | $ 2,754 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued (in shares) | 0 | 0 |
Preferred Stock, Shares Outstanding (in shares) | 0 | 0 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized (in shares) | 65,000,000 | 65,000,000 |
Common Stock, Shares, Issued (in shares) | 18,824,106 | 18,145,428 |
Common Stock, Shares, Outstanding (in shares) | 18,824,106 | 18,145,428 |
Series A Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized (in shares) | 2,000,000 | 2,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Oil and gas sales | $ 3,839 | $ 1,217 |
Lease operating expenses | 15,652 | 2,915 |
Gross loss | (11,813) | (1,698) |
Operating expenses: | ||
Professional services | 96,916 | 87,267 |
Board of director fees | 192,000 | 208,000 |
General and administrative | 725,832 | 436,649 |
Gain on settlement of accounts payable | (120,250) | 0 |
Impairment loss | 0 | 1,000,000 |
Total operating expenses | 894,498 | 1,731,916 |
Loss from operations | (906,311) | (1,733,614) |
Other income (expense): | ||
Interest expense | (131,117) | (238,885) |
Gain on extinguishment of debt | 0 | 10,750 |
Loss on change in fair value of derivative liabilities | (33,310) | (25,229) |
Total other income (expense) | (164,427) | (253,364) |
Net loss | $ (1,070,738) | $ (1,986,978) |
Loss per share: | ||
Basic and diluted (in dollars per share) | $ (0.06) | $ (0.11) |
Weighted average shares outstanding: | ||
Basic and diluted (in shares) | 18,329,925 | 17,966,907 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 17,822,428 | |||
Balance at Dec. 31, 2019 | $ 17,822 | $ 1,738,958 | $ (2,314,202) | $ (557,422) |
Stock issued for cash (in shares) | 75,000 | 75,000 | ||
Stock issued for cash | $ 75 | 74,925 | 0 | $ 75,000 |
Stock issued for settlement of accounts payable (in shares) | 5,000 | 5,000 | ||
Stock issued for settlement of accounts payable | $ 5 | 4,995 | 0 | $ 5,000 |
Stock issued as lease acquisition cost for unproved properties (in shares) | 10,000 | 10,000 | ||
Stock issued as lease acquisition cost for unproved properties | $ 10 | 9,990 | 0 | $ 10,000 |
Stock-based compensation (in shares) | 233,000 | |||
Stock-based compensation | $ 233 | 232,767 | 0 | 233,000 |
Net loss | $ 0 | 0 | (1,986,978) | (1,986,978) |
Balance (in shares) at Dec. 31, 2020 | 18,145,428 | |||
Balance at Dec. 31, 2020 | $ 18,145 | 2,061,635 | (4,301,180) | $ (2,221,400) |
Stock issued for cash (in shares) | 5,000 | 5,000 | ||
Stock issued for cash | $ 5 | 4,995 | 0 | $ 5,000 |
Stock issued for settlement of accounts payable (in shares) | 90,000 | |||
Stock issued for settlement of accounts payable | $ 90,000 | |||
Stock-based compensation (in shares) | 222,000 | |||
Stock-based compensation | $ 222 | 221,778 | 0 | 222,000 |
Net loss | $ 0 | 0 | (1,070,738) | (1,070,738) |
Stock issued for settlement of liabilities (in shares) | 451,678 | |||
Stock issued for settlement of liabilities | $ 452 | 451,226 | 0 | 451,678 |
Balance (in shares) at Dec. 31, 2021 | 18,824,106 | |||
Balance at Dec. 31, 2021 | $ 18,824 | $ 2,739,634 | $ (5,371,918) | $ (2,613,460) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (1,070,738) | $ (1,986,978) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock-based compensation | 262,000 | 233,000 |
Bad debt expense | 25,000 | 0 |
-Amortization of debt discount | 7,016 | 20,493 |
Loss on change in fair value of derivative liabilities | 33,310 | 25,229 |
Gain on extinguishment of debt | 0 | (10,750) |
Gain on settlement of accounts payable | (120,250) | 0 |
Impairment loss | 0 | 1,000,000 |
Write off of option contract associated with oil and gas properties | 85,500 | 0 |
Asset retirement obligation expense | 56 | 76 |
Default interest added to note payable | 50,000 | 200,000 |
Changes in operating assets and liabilities: | ||
Prepaids and other current assets | (18,750) | (30,000) |
Accounts payable | 235,596 | 304,263 |
Accounts payable-related party | 108,100 | 116,881 |
Interest payable | 46,268 | 18,392 |
Net cash used in operating activities | (356,892) | (109,394) |
Cash Flows from Investing Activities: | ||
Deposit for purchase of oil and gas properties | (95,791) | (30,000) |
Net cash used in investing activities | (95,791) | (30,000) |
Cash Flows from Financing Activities: | ||
Proceeds from convertible credit line payable - related party | 20,000 | 8,500 |
Payment on convertible credit line payable - related party | 0 | (4,250) |
Advances from related parties | 427,900 | 96,000 |
Proceeds from note payable – related party | 0 | 65,000 |
Payments on short term note | 0 | (100,000) |
Payments on short term advances from related parties | 0 | (856) |
Proceeds from sale of common stock | 5,000 | 75,000 |
Net cash provided by financing activities | 452,900 | 139,394 |
Net change in cash and cash equivalents | 217 | 0 |
Cash and cash equivalents, at beginning of period | 0 | 0 |
Cash and cash equivalents, at end of period | 217 | 0 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 27,834 | 0 |
Cash paid for income taxes | 0 | 0 |
Supplemental disclosure of non-cash investing and financing activities: | ||
Unpaid oil and gas assets acquired | 65,500 | 1,020,000 |
Debt discount on convertible credit line payable related party | 15,362 | 5,581 |
Expenses paid on behalf of the Company by related party | 19,150 | 13,959 |
Notes Issued for Acquisition [Member] | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Accrued interest added to note principal | 0 | 10,000 |
Settlement of Liabilities [Member] | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Stock issued | 451,678 | 5,000 |
Stock issued | 451,678 | 5,000 |
Lease Acquisition Cost for Unproved Properties [Member] | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Stock issued | 0 | 10,000 |
Stock issued | $ 0 | $ 10,000 |
Note 1 - Nature of Business and
Note 1 - Nature of Business and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 1 Organization, Nature of Business and Trade Name The Company was incorporated in the State of Colorado on September 26, 2013 A summary of significant accounting policies of Alpha Energy, Inc. (“we”, “our”, the Company) is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying financial statements. These consolidated financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. Principles of Consolidation Our consolidated financial statements include our accounts and the accounts of our 100% owned subsidiary, Alpha Energy Texas Operating, LLC. All intercompany transactions and balances have been eliminated. Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Basis of Presentation and Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that ( 1 2 3 Revenue and Cost Recognition Effective January 1, 2018, 2014 09, 606 The Company records revenues from the sales of natural gas and crude oil when the production is produced and sold, and also when collectability is ensured. The Company may December 31, 2021 2020. December 31, 2021 2020 Basic and Diluted Earnings per share Net loss per share is provided in accordance with FASB ASC 260 10, December 31, 2021 2020, Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three Level 1 Level 2 Level 3 The carrying amount of the Company’s financial instruments consisting of accounts payable, notes payable and convertible notes approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not 470, 815. 815 40 35 12 Oil and natural gas properties We account for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, We assess all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. We assess properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs are included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no Concentrations of Risk The Company has 100 two may The Company has a single buyer for the gas produced from one Impairment The net book value of all capitalized oil and natural gas properties within a cost center, less related deferred income taxes, is subject to a full cost ceiling limitation which is calculated quarterly. Under the ceiling limitation, costs may not 10 one may not may June 25, 2020, December 31, 2020, Asset retirement obligation We record the fair value of an asset retirement cost, and corresponding liability as part of the cost of the related long-lived asset and the cost is subsequently allocated to expense using a systematic and rational method. We record an asset retirement obligation to reflect our legal obligations related to future plugging and abandonment of our oil and natural gas wells and gathering systems. We estimate the expected cash flow associated with the obligation and discount the amount using a credit-adjusted, risk-free interest rate. At least annually, we reassess the obligation to determine whether a change in the estimated obligation is necessary. We evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest, the estimated obligation may December 31, 2021 2020, Income Taxes The Company accounts for income taxes under ASC 740 "Income Taxes" 109, "Accounting for Income Taxes" 48 Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No.109. 740, 740, not not Related Parties The Company follows ASC 850, Recent Accounting Pronouncements The Company does not not Reclassification Certain reclassifications may no |
Note 2 - Going Concern
Note 2 - Going Concern | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2 The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not twelve Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plans and eventually attain profitable operations. The accompanying financial statements do not may During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing, making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with oil and gas exploration. The Company may Historically, it has mostly relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may no |
Note 3 - Oil and Gas Properties
Note 3 - Oil and Gas Properties | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Oil and Gas Properties [Text Block] | NOTE 3 The Company entered into a Letter of Intent with Chicorica, LLC on December 13, 2018 March 4, 2022. March 1, 2022, August 5, 2022. April 1, 2022, July 8, 2022 August 5, 2022. On June 25, 2020, December 31, 2020 7 December 31, 2020, On July 6, 2020, 87.5%. No The Company notes that the Project is included in the lands in eastern Oklahoma affected by a decision of the U.S. Supreme Court issued on July 9, 2020. 19th no not no On June 30, 2020, 1 December 31, 2020 may not third $350,000. December 2020, one June 30th, 2021 November 30, 2021, ten thousand November 30, 2021, February 2022. March 9, 2022, January 1, 2022 one three On September 8, 2020, 2 February 8, 2021 may not 2 third September 18, 2020. not March 3, 2021, May 1, 2021, January April 2021. September 30, 2021. September 30, 2021. Oil and gas properties at December 31, 2021 2020 Balance Balance Account 12/31/2020 Additions Impairment 12/31/2021 Leasehold Improvements - Chico Rica, LLC $ 10,000 $ - $ - $ 10,000 Leasehold Improvements - Undeveloped - 15,791 - 15,791 Lease Acquisition Costs - Logan County Project I 10,000 110,000 - 120,000 Lease Acquisition Costs - Logan County Project II 50,000 35,500 85,500 - Total oil and gas related assets $ 70,000 $ 161,291 $ 85,500 $ 145,791 |
Note 4 - Income Taxes
Note 4 - Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 4 The Company provides for income taxes under FASB ASC 740, 740 FASB ASC 740 not not The total deferred tax asset was approximately $626,000 and $424,000 as of December 31, 2021 2020, Due to the enactment of the Tax Reform Act of 2017, 25.63%. may may The Company is subject to United States federal income taxes at an approximate rate of 21% and state income taxes at an approximate rate of 4.63%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: The net deferred tax assets consist of the following: 2021 2020 Deferred income tax assets Net operating loss carry forward $ 626,000 $ 424,000 Valuation allowance (626,000 ) (424,000 ) Net deferred income tax asset $ - $ - A reconciliation of income taxes computed at the statutory rate is as follows: 2021 2020 Tax benefit at effective rate $ 202,000 $ 202,000 Change in valuation allowance (202,000 ) (202,000 ) Provision for income taxes $ - $ - The Company has an operating loss carry forward of approximately $2,440,000. |
Note 5 - Common Stock
Note 5 - Common Stock | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 5 The Company is authorized to issue up to 10,000,000 shares of $0.001 par value preferred stock and 65,000,000 shares of $0.001 par value common stock. The Board of Directors authorized the issuance of up to 2,000,000 share of Series A convertible preferred stock with a par value of $0.001. The Company compensates its each director with 4,000 shares of common stock each month. During the years ended December 31, 2021 2020, The Company pays its CFO a yearly bonus of 25,000 shares of common stock. During the years ended December 31, 2021 2020, The Company issued its CFO 361,678 shares of common stock on December 31, 2021 During the year ended December 31, 2021, During the year ended December 31, 2021, During the years ended December 31, 2021 2020, On April 1, 2021, may ten December 31, 2021, During the year ended December 31, 2020, During the year ended December 31, 2020, On August 6, 2020 |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 6 The Company received advances from related parties totaling $427,900 and $96,000 and repaid $0 and $856 during the years ended December 31, 2021 2020, December 31, 2021 2020, not no December 31, 2021 2020, As of December 31, 2021 As of December 31, 2020 On December 3, 2020, three December 31, 2021 2020, The Chief Financial Officer allows the use of his residence as an office for the Company at no A board member of the Company acts as corporate council to Company at no |
Note 7 - Notes Payable and Conv
Note 7 - Notes Payable and Convertible Note Payable | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | NOTE 7– On March 30, 2019, April 30, 2019 January 29, 2019. June 25, 2020, $50,000 December 31, 2020, $1,060,000 July 31, 2020 December 1, 2020. December 31, 2020, not December 1, 2020, one March 28th, 2021 June 1, 2021, June 1, 2021 No June 1, 2021. not June 1, 2021, During the year ended December 31, 2021, December 31, 2021, not |
Note 8 - Convertible Credit Lin
Note 8 - Convertible Credit Line Payable - Related Party | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Convertible Debt Disclosure [Text Block] | NOTE 8– On September 1, 2017, 470 50. 815, December 31, 2020, On June 1, 2021, September 1, 2017 June 1, 2023. 815, 470 50 no no no On August 8, 2021, December 31, 2021, December 31, 2021 2020, December 31, 2021, December 31, 2020, December 31, 2021 2020 9 |
Note 9 - Derivative Liability
Note 9 - Derivative Liability | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | NOTE 9 As discussed in Note 1, December 31, 2021 2020: Level 1 Level 2 Level 3 Fair Value at December 31, 2020 Liabilities - - - - Derivative Liability - - $ 96,369 $ 96,369 Level 1 Level 2 Level 3 Fair Value at December 31, 2021 Liabilities - - - - Derivative Liability - - $ 145,041 $ 145,041 As of December 31, 2021, 2020, December 31, 2021 2020, 8 920, 825, Utilizing Level 3 December 31, 2020 December 31, 2020 December 31, 2020 Utilizing Level 3 December 31, 2021 December 31, 2021 December 31, 2021 A summary of the activity of the derivative liability is shown below: Balance at December 31, 2019 $ 65,289 Derivative liabilities recorded 5,851 Loss on change in derivative fair value adjustment 25,229 Balance at December 31, 2020 $ 96,369 Derivative liabilities recorded 15,362 Loss on change in derivative fair value adjustment 33,310 Balance at December 31, 2021 $ 145,041 |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 10 Effective November 1, 2018, five .03125% December 31, 2021 2020, |
Note 11 - Subsequent Events
Note 11 - Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 11 On February 17, 2022, one hundred ten thousand 3 three 3% $350,000. 2,080 34 six March 9, 2022, January 1, 2022 one three 3% $350,000. On February 25, 2022, two not On February 23, 2022, December 3, 2020 $325,580 December 31, 2021. February 23, 2025 February 2022, February 25, 2022, $406,750 $500,000 20 February 25, 2024. On January 28, 2019, two hundred thousand March 31, 2020. one January 4, 2021 ( January 1, 2022, may two hundred thousand March 4, 2022. September 2, 2022. Subsequent to December 31, 2021, $1,231,500 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation Our consolidated financial statements include our accounts and the accounts of our 100% owned subsidiary, Alpha Energy Texas Operating, LLC. All intercompany transactions and balances have been eliminated. Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation and Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that ( 1 2 3 |
Revenue from Contract with Customer [Policy Text Block] | Revenue and Cost Recognition Effective January 1, 2018, 2014 09, 606 The Company records revenues from the sales of natural gas and crude oil when the production is produced and sold, and also when collectability is ensured. The Company may December 31, 2021 2020. December 31, 2021 2020 |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings per share Net loss per share is provided in accordance with FASB ASC 260 10, December 31, 2021 2020, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three Level 1 Level 2 Level 3 The carrying amount of the Company’s financial instruments consisting of accounts payable, notes payable and convertible notes approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not 470, 815. 815 40 35 12 |
Oil and Gas Properties Policy [Policy Text Block] | Oil and natural gas properties We account for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, We assess all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. We assess properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs are included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Risk The Company has 100 two may The Company has a single buyer for the gas produced from one |
Property, Plant and Equipment, Impairment [Policy Text Block] | Impairment The net book value of all capitalized oil and natural gas properties within a cost center, less related deferred income taxes, is subject to a full cost ceiling limitation which is calculated quarterly. Under the ceiling limitation, costs may not 10 one may not may June 25, 2020, December 31, 2020, |
Asset Retirement Obligation [Policy Text Block] | Asset retirement obligation We record the fair value of an asset retirement cost, and corresponding liability as part of the cost of the related long-lived asset and the cost is subsequently allocated to expense using a systematic and rational method. We record an asset retirement obligation to reflect our legal obligations related to future plugging and abandonment of our oil and natural gas wells and gathering systems. We estimate the expected cash flow associated with the obligation and discount the amount using a credit-adjusted, risk-free interest rate. At least annually, we reassess the obligation to determine whether a change in the estimated obligation is necessary. We evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest, the estimated obligation may December 31, 2021 2020, |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes under ASC 740 "Income Taxes" 109, "Accounting for Income Taxes" 48 Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No.109. 740, 740, not not |
Related Parties, Policy [Policy Text Block] | Related Parties The Company follows ASC 850, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements The Company does not not |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassification Certain reclassifications may no |
Note 3 - Oil and Gas Properti_2
Note 3 - Oil and Gas Properties (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Balance Balance Account 12/31/2020 Additions Impairment 12/31/2021 Leasehold Improvements - Chico Rica, LLC $ 10,000 $ - $ - $ 10,000 Leasehold Improvements - Undeveloped - 15,791 - 15,791 Lease Acquisition Costs - Logan County Project I 10,000 110,000 - 120,000 Lease Acquisition Costs - Logan County Project II 50,000 35,500 85,500 - Total oil and gas related assets $ 70,000 $ 161,291 $ 85,500 $ 145,791 |
Note 4 - Income Taxes (Tables)
Note 4 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2021 2020 Deferred income tax assets Net operating loss carry forward $ 626,000 $ 424,000 Valuation allowance (626,000 ) (424,000 ) Net deferred income tax asset $ - $ - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2021 2020 Tax benefit at effective rate $ 202,000 $ 202,000 Change in valuation allowance (202,000 ) (202,000 ) Provision for income taxes $ - $ - |
Note 9 - Derivative Liability (
Note 9 - Derivative Liability (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Fair Value at December 31, 2020 Liabilities - - - - Derivative Liability - - $ 96,369 $ 96,369 Level 1 Level 2 Level 3 Fair Value at December 31, 2021 Liabilities - - - - Derivative Liability - - $ 145,041 $ 145,041 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Balance at December 31, 2019 $ 65,289 Derivative liabilities recorded 5,851 Loss on change in derivative fair value adjustment 25,229 Balance at December 31, 2020 $ 96,369 Derivative liabilities recorded 15,362 Loss on change in derivative fair value adjustment 33,310 Balance at December 31, 2021 $ 145,041 |
Note 1 - Nature of Business a_2
Note 1 - Nature of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($) | Jun. 25, 2020 | Dec. 31, 2021 | Dec. 31, 2020 |
Gas Balancing Asset (Liability) | $ 0 | $ 0 | |
Revenues, Total | 3,839 | 1,217 | |
Cost of Goods and Services Sold, Total | 15,652 | 2,915 | |
Asset Retirement Obligations, Noncurrent, Total | $ 918 | 862 | |
Oklahoma Oil and Gas Assets [Member] | Pure and ZQH [Member] | |||
Business Combination, Consideration Transferred, Total | $ 1,000,000 | $ 1,000,000 | |
Convertible Debt Securities [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 168,328 | 148,328 | |
Alpha Energy Texas Operating, LLC [Member] | |||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |
Note 3 - Oil and Gas Properti_3
Note 3 - Oil and Gas Properties (Details Textual) | Aug. 05, 2022USD ($) | Jul. 08, 2022USD ($) | Apr. 01, 2022USD ($) | Mar. 09, 2022USD ($) | Feb. 17, 2022 | Mar. 25, 2021USD ($) | Mar. 03, 2021USD ($) | Sep. 08, 2020USD ($) | Jun. 30, 2020USD ($)shares | Jun. 25, 2020USD ($) | Sep. 30, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2021USD ($) | Jul. 06, 2020 |
Short-term Non-bank Loans and Notes Payable | $ 0 | $ 1,160,000 | |||||||||||||
Option Agreement, Options Payments Advanced | $ 85,500 | ||||||||||||||
Write Off of Option Contract Associated with Oil and Gas Properties | $ 85,500 | $ 85,500 | 0 | ||||||||||||
ZHQ Holdings, LLP and Pure Oil & Gas, Inc [Member] | |||||||||||||||
Short-term Non-bank Loans and Notes Payable | 1,000,000 | ||||||||||||||
Notes Issued for Acquisition [Member] | |||||||||||||||
Short-term Non-bank Loans and Notes Payable | 1,060,000 | ||||||||||||||
Pure and ZQH [Member] | Oklahoma Oil and Gas Assets [Member] | |||||||||||||||
Business Combination, Consideration Transferred, Total | $ 1,000,000 | 1,000,000 | |||||||||||||
Business Combination, Accrued interest | $ 60,000 | ||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 87.50% | ||||||||||||||
Business Acquisition, Alleged Percentage of Voting Interests Owned | 75.00% | ||||||||||||||
Progressive [Member] | Logan 1 Project [Member] | |||||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 10,000 | ||||||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 10,000 | ||||||||||||||
Payments to Acquire Businesses, Gross | $ 600,000 | ||||||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue | 3.00% | ||||||||||||||
Business Combination, Monthly Payment | $ 10,000 | ||||||||||||||
Kadence [Member] | Logan 2 Project [Member] | |||||||||||||||
Payments to Acquire Businesses, Gross | $ 350,000 | ||||||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue | 3.00% | ||||||||||||||
Business Combination, Monthly Payment | $ 10,000 | ||||||||||||||
Exclusivity Agreement for Exercising Option, Monthly Payment | $ 10,000 | ||||||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue, Stop Limit | 800,000 | ||||||||||||||
Brian Tribble [Member] | Logan 2 Project [Member] | |||||||||||||||
Business Combination, Consideration Transferred, Total | $ 10,000 | ||||||||||||||
Subsequent Event [Member] | Chicorica [Member] | Forecast [Member] | |||||||||||||||
Extension Agreement, Payments | $ 30,000 | $ 35,000 | $ 30,000 | ||||||||||||
Subsequent Event [Member] | Progressive [Member] | Logan 1 Project [Member] | |||||||||||||||
Acquisition, Number of Well Bores | 34 | ||||||||||||||
Additional Progressive Receivable | $ 350,000 | ||||||||||||||
Subsequent Event [Member] | Progressive [Member] | Purchase and Sale Agreement [Member] | |||||||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue | 3.00% | 3.00% | |||||||||||||
Acquisition, Number of Well Bores | 34 |
Note 3 - Oil and Gas Properti_4
Note 3 - Oil and Gas Properties - Schedule of Oil and Gas Properties (Details) | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Leasehold Improvements, Oil and Gas Properties [Member] | Chicorica, LLC [Member] | |
Balance | $ 10,000 |
Additions | 0 |
Impairment | 0 |
Balance | 10,000 |
Leasehold Improvements, Oil and Gas Properties [Member] | Undeveloped [Member] | |
Balance | 0 |
Additions | 15,791 |
Impairment | 0 |
Balance | 15,791 |
Lease Acquisition Costs , Logan County Project I [Member] | |
Balance | 10,000 |
Additions | 110,000 |
Impairment | 0 |
Balance | 120,000 |
Lease Acquisition Costs , Logan County Project II [Member] | |
Balance | 50,000 |
Additions | 35,500 |
Impairment | 85,500 |
Balance | 0 |
Oil and Gas Properties [Member] | |
Balance | 70,000 |
Additions | 161,291 |
Impairment | 85,500 |
Balance | $ 145,791 |
Note 4 - Income Taxes (Details
Note 4 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred Tax Assets, Gross, Total | $ 626,000 | $ 424,000 |
Effective Income Tax Rate Reconciliation, Percent, Total | 25.63% | |
Cumulative Operating Loss Carryforwards, Net | $ 2,440,000 | $ 1,655,000 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 4.63% | |
Operating Loss Carryforwards, Total | $ 2,440,000 |
Note 4 - Income Taxes - Net Def
Note 4 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Net operating loss carry forward | $ 626,000 | $ 424,000 |
Valuation allowance | (626,000) | (424,000) |
Net deferred income tax asset | $ 0 | $ 0 |
Note 4 - Income Taxes - Reconci
Note 4 - Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Tax benefit at effective rate | $ 202,000 | $ 202,000 |
Change in valuation allowance | (202,000) | (202,000) |
Provision for income taxes | $ 0 | $ 0 |
Note 5 - Common Stock (Details
Note 5 - Common Stock (Details Textual) - USD ($) | Apr. 01, 2021 | Aug. 06, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | 10,000,000 | |||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | |||
Common Stock, Shares Authorized (in shares) | 65,000,000 | 65,000,000 | |||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 222,000 | $ 233,000 | |||
Shares Issued, Price Per Share (in dollars per share) | $ 1 | ||||
Stock Issued During Period, Shares, Settle Accounts Payable (in shares) | 90,000 | 5,000 | |||
Stock Issued During Period, Value, Settlement of Accounts Payable | $ 90,000 | $ 5,000 | |||
Accounts Payable Settled with Shares | 210,250 | ||||
Gain (Loss) on Settlement of Accounts Payable | $ 120,250 | $ 0 | |||
Stock Issued During Period, Shares, New Issues (in shares) | 1,300,000 | 5,000 | 75,000 | ||
Proceeds from Issuance of Common Stock | $ 5,000 | $ 75,000 | |||
Stock Issued During Period, Shares, Purchase of Assets (in shares) | 10,000 | ||||
Stock Issued During Period, Value, Purchase of Assets | $ 10,000 | ||||
Common Stock, Shares Authorized to Sell (in shares) | 550,000 | ||||
Kelloff Oil & Gas, LLC [Member] | |||||
Consulting Agreement, Month To Month Rate | $ 10,000 | ||||
Consulting Agreement, Shares Issued Per Month (in shares) | 5,000 | ||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 45,000 | ||||
Stock Issued During Period, Value, Issued for Services | $ 45,000 | ||||
Director [Member] | |||||
Stock Issued During Period, Shares Per Month Per Director (in shares) | 4,000 | ||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total (in shares) | 192,000 | 208,000 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 192,000 | $ 208,000 | |||
Chief Financial Officer [Member] | |||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total (in shares) | 361,678 | 25,000 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 25,000 | ||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Bonus (in shares) | 25,000 | ||||
Shares Issued, Price Per Share (in dollars per share) | $ 1 | ||||
Share-based Payment Arrangement, Expense | $ 361,678 | ||||
Accrued Compensation | $ 40,000 | ||||
Series A Convertible Preferred Stock [Member] | |||||
Preferred Stock, Shares Authorized (in shares) | 2,000,000 | ||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 |
Note 6 - Related Party Transa_2
Note 6 - Related Party Transactions (Details Textual) - USD ($) | Dec. 03, 2020 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and Noncash Proceeds from Related Party Debt | $ 427,900 | $ 96,000 | |
Repayments of Related Party Debt | 0 | 856 | |
Related Party Transaction, Expenses from Transactions with Related Party | 19,150 | 13,959 | |
Unpaid Oil and Gas Assets Acquired Paid By Related Party | 65,500 | 1,020,000 | |
Due to Related Parties, Total | 628,550 | 116,000 | |
Accounts Payable, Related Parties | 228,668 | 120,568 | |
Notes Payable, Related Parties, Current | 65,000 | 65,000 | |
President [Member] | |||
Accounts Payable, Related Parties | 208,484 | 110,894 | |
Debt Instrument, Face Amount | $ 65,000 | ||
President [Member] | Promissory Note [Member] | |||
Debt Instrument, Term (Year) | 3 years | ||
Debt Instrument, Interest Rate During Period | 5.00% | ||
Notes Payable, Related Parties, Current | 65,000 | ||
Interest Payable | 13,003 | 0 | |
Chief Financial Officer [Member] | |||
Accounts Payable, Related Parties | 4,394 | 3,884 | |
Vice President [Member] | |||
Accounts Payable, Related Parties | 10,000 | $ 5,790 | |
Staley Engineering LLC [Member] | |||
Accounts Payable, Related Parties | $ 5,790 |
Note 7 - Notes Payable and Co_2
Note 7 - Notes Payable and Convertible Note Payable (Details Textual) | Mar. 28, 2021USD ($)$ / shares | Jun. 25, 2020USD ($) | Mar. 30, 2019USD ($)$ / shares | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($)$ / shares |
Gain (Loss) on Extinguishment of Debt, Total | $ 0 | $ 10,750 | |||
Convertible Notes Payable, Current | 1,210,000 | 0 | |||
Oklahoma Oil and Gas Assets [Member] | Pure and ZQH [Member] | |||||
Business Combination, Consideration Transferred, Total | $ 1,000,000 | $ 1,000,000 | |||
Notes Issued for Acquisition [Member] | |||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares | $ 1 | ||||
Interest Payable | 10,000 | 22,882 | |||
Notes Payable, Total | 1,060,000 | $ 1,160,000 | |||
Note Payable, Monthly Increase | 50,000 | ||||
Note Payable, Monthly Increase, Maximum Amount | $ 200,000 | ||||
Note Principal, Accrued Interest | 50,000 | 200,000 | |||
Debt Instrument, Periodic Payment, Total | $ 100,000 | ||||
Debt Instrument, Monthly Interest Rate | 1.00% | ||||
Convertible Notes Payable, Current | $ 1,210,000 | ||||
Notes Issued for Acquisition [Member] | Pure and ZQH [Member] | |||||
Debt Instrument, Periodic Payment, Interest | $ 10,083 | ||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares | $ 1 | ||||
Debt Instrument, Percentage of Annual Interest on Purchased Price, Compounded Monthly | 1.00% | ||||
Notes Payable, Other Payables [Member] | Promissory Notes Payable [Member] | ZHQ Holdings, LLP and Pure Oil & Gas, Inc [Member] | |||||
Debt Instrument, Face Amount | $ 50,000 | ||||
Debt Instrument, Periodic Payment, Interest | $ 50 | ||||
Debt Instrument, Convertible, Number of Equity Instruments | 50,000 | ||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares | $ 1 | ||||
Notes Payable, Other Payables [Member] | Promissory Notes Payable [Member] | ZHQ Holdings [Member] | |||||
Debt Instrument, Percentage of Total Debt Loaned | 75.00% | ||||
Notes Payable, Other Payables [Member] | Promissory Notes Payable [Member] | Pure Oil & Gas, Inc [Member] | |||||
Debt Instrument, Percentage of Total Debt Loaned | 25.00% |
Note 8 - Convertible Credit L_2
Note 8 - Convertible Credit Line Payable - Related Party (Details Textual) - USD ($) | Aug. 08, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 01, 2021 | Sep. 01, 2017 |
Proceeds from Convertible Debt | $ 20,000 | $ 8,500 | |||
Repayments of Convertible Debt | 0 | 4,250 | |||
Amortization of Debt Discount (Premium) | 7,016 | 20,493 | |||
Convertible Credit Line Payable, Related Party [Member] | |||||
Debt Instrument, Face Amount | $ 1,500,000 | $ 500,000 | |||
Long-term Line of Credit, Total | 168,328 | 148,328 | $ 87,366 | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | 7.00% | |||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 4 | $ 1.50 | |||
Debt Instrument, Unamortized Discount, Total | 11,100 | 2,754 | $ 87,366 | ||
Proceeds from Convertible Debt | $ 20,000 | 8,500 | |||
Repayments of Convertible Debt | 4,250 | ||||
Debt Instrument Discount, Additions | $ 15,362 | 5,851 | |||
Amortization of Debt Discount (Premium) | $ 7,016 | $ 20,493 |
Note 9 - Derivative Liability_2
Note 9 - Derivative Liability (Details Textual) | Aug. 08, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Derivative Liability, Current | $ 145,041 | $ 96,369 | |
Gain on Derivative Instruments, Pretax | $ 33,310 | 25,229 | |
Convertible Credit Line Payable, Related Party [Member] | |||
Debt Instrument Discount, Additions | $ 15,362 | $ 5,851 | |
Convertible Credit Line Payable, Related Party [Member] | Measurement Input, Exercise Price [Member] | |||
Debt Discount, Measurement Input | 1 | 1 | |
Convertible Credit Line Payable, Related Party [Member] | Measurement Input, Common Share Equivalents [Member] | |||
Debt Discount, Measurement Input | 20,000 | 19,000 | |
Convertible Credit Line Payable, Related Party [Member] | Measurement Input, Share Price [Member] | |||
Debt Discount, Measurement Input | 1 | 1 | |
Convertible Notes Payable 1 [Member] | |||
Embedded Derivative, Gain on Embedded Derivative | $ 33,310 | $ 25,229 | |
Debt Instrument Discount, Additions | $ 15,362 | $ 5,851 | |
Embedded Derivative Liability, Measurement Input | 168,328 | 148,328 | |
Convertible Notes Payable 1 [Member] | Measurement Input, Exercise Price [Member] | |||
Embedded Derivative Liability, Measurement Input | 1 | 1 | |
Convertible Notes Payable 1 [Member] | Measurement Input, Share Price [Member] | |||
Embedded Derivative Liability, Measurement Input | 1 | 1 | |
Convertible Notes Payable 1 [Member] | Measurement Input, Price Volatility [Member] | |||
Embedded Derivative Liability, Measurement Input | 248.59 | 1.27 | |
Convertible Notes Payable 1 [Member] | Measurement Input, Discount Rate [Member] | |||
Embedded Derivative Liability, Measurement Input | 0.73 | 0.0013 |
Note 9 - Derivative Liability -
Note 9 - Derivative Liability - Liabilities Measured at Fair Value (Details) - Fair Value, Recurring [Member] - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Derivative Liability | $ 145,041 | $ 96,369 |
Fair Value, Inputs, Level 1 [Member] | ||
Derivative Liability | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Derivative Liability | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Derivative Liability | $ 145,041 | $ 96,369 |
Note 9 - Derivative Liability_3
Note 9 - Derivative Liability - Schedule of Derivative Liability Activity (Details) - Derivative Financial Instruments, Liabilities [Member] - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Derivative balance | $ 96,369 | $ 65,289 |
Derivative liabilities recorded | 15,362 | 5,851 |
Loss on change in derivative fair value adjustment | 33,310 | 25,229 |
Derivative balance | $ 145,041 | $ 96,369 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Details Textual) - President [Member] - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Annual Officer Salary | $ 120,000 | |
Annual Officer Salary, Percent of Increase Per Year | 10.00% | |
Annual Officer Salary, Period for Salary Increase (Year) | 5 years | |
Employee Benefits, Health Insurance Per Month | $ 750 | |
Employee Benefits, Annual Employee Stock Bonus (in shares) | 25,000 | |
Employee Benefits, Royalty Interest Percent on Each Future Producing Well | 0.03125% | |
Accrued Employee Benefits | $ 0 | $ 212,985 |
Note 11 - Subsequent Events (De
Note 11 - Subsequent Events (Details Textual) | Apr. 04, 2022USD ($) | Mar. 31, 2022USD ($)$ / shares | Mar. 09, 2022 | Feb. 25, 2022USD ($)$ / sharesshares | Feb. 23, 2022USD ($) | Feb. 17, 2022USD ($) | Jan. 01, 2022USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Feb. 28, 2022USD ($) | Aug. 06, 2020$ / shares | Jan. 28, 2019USD ($) |
Proceeds from Issuance of Common Stock | $ 5,000 | $ 75,000 | ||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1 | |||||||||||
Secured Senior Secured Convertible Note [Member] | Forecast [Member] | ||||||||||||
Proceeds from Issuance of Debt | $ 0 | |||||||||||
Visionary [Member] | ||||||||||||
Project Sales Agreement, Project Fee | $ 200,000 | |||||||||||
Purchase and Sale Agreement [Member] | Progressive [Member] | ||||||||||||
Business Combination, Payment for Option and Extension | $ 110,000 | |||||||||||
Logan 1 Project [Member] | Progressive [Member] | ||||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue | 3.00% | |||||||||||
Subsequent Event [Member] | Unexecuted Subscription Agreement [Member] | ||||||||||||
Proceeds from Issuance of Common Stock | $ 1,231,500 | |||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1 | |||||||||||
Subsequent Event [Member] | Secured Senior Secured Convertible Note [Member] | ||||||||||||
Debt Instrument, Face Amount | $ 5,000,000 | |||||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares | $ 5 | |||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in shares) | shares | 1,000,000 | |||||||||||
Debt Instrument, Interest Rate During Period | 7.25% | |||||||||||
Assigned Advances from related party to Convertible Notes | $ 413,206 | |||||||||||
Subsequent Event [Member] | Secured Senior Secured Convertible Note [Member] | President [Member] | ||||||||||||
Debt Instrument, Interest Rate During Period | 7.25% | |||||||||||
Notes Payable, Total | $ 906,750 | |||||||||||
Preferred Stock, Convertible, Conversion Price (in dollars per share) | $ / shares | $ 5 | |||||||||||
Subsequent Event [Member] | Promissory Notes Payable [Member] | President [Member] | ||||||||||||
Debt Instrument, Interest Rate During Period | 5.00% | |||||||||||
Notes Payable, Total | $ 406,750 | |||||||||||
Debt Instrument, Original Amount | 65,000 | |||||||||||
Debt Instrument, Advances | 325,580 | $ 31,280 | $ 500,000 | |||||||||
Note Principal, Accrued Interest | $ 16,170 | |||||||||||
Subsequent Event [Member] | Visionary [Member] | ||||||||||||
Extension Agreement, Payments | $ 200,000 | |||||||||||
Subsequent Event [Member] | Purchase and Sale Agreement [Member] | Progressive [Member] | ||||||||||||
Additional Cash Payment | $ 490,000 | |||||||||||
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue | 3.00% | 3.00% | ||||||||||
Acquisition, Number of Well Bores | 34 | |||||||||||
Subsequent Event [Member] | Logan 1 Project [Member] | Progressive [Member] | ||||||||||||
Acquisition, Number of Well Bores | 34 |