Eco-Stim Energy Solutions (ESESQ) 10-Q 14 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	13-May-14
Document And Entity Information	'	'
Entity Registrant Name	'Eco-Stim Energy Solutions, Inc.	'
Entity Central Index Key	'0001135657	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	3,988,706
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$2,539,403	$4,292,122
Accounts receivable	456,690	'
Prepaids	417,964	959,611
Other assets	56,606	3,100
Total current assets	3,470,663	5,254,833
Equipment, net	4,032,407	3,532,659
Other non-current assets	488,633	488,633
Total assets	7,991,703	9,276,125
Current liabilities:	'	'
Accounts payable	821,719	677,031
Accrued expenses	1,551,705	1,223,600
Current portion of notes payable	157,405	187,315
Current portion of lease payable	538,187	428,050
Total current liabilities	3,069,016	2,515,996
Long term lease payable	2,505,275	2,721,114
Stockholders' equity	'	'
Common stock, $0.001 par value, 3,988,706 and 3,985,206 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	3,988	3,985
Additional paid-in capital	10,235,066	10,007,490
Accumulated other comprehensive income	'	25,749
Accumulated deficit	-7,821,642	-5,998,209
Total stockholders' equity	2,417,412	4,039,015
Total liabilities and stockholders' equity	$7,991,703	$9,276,125

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares issued	3,988,706	3,985,206
Common stock, shares outstanding	3,988,706	3,985,206

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
Revenue	$483,345	$2,600
Operating cost and expenses:	'	'
Cost of sales	785,985	1,300
Selling, general, and administrative expenses	1,382,933	679,531
Depreciation and amortization expense	2,157	1,073
Total operating costs and expenses	2,171,075	681,904
Operating loss	-1,687,730	-679,304
Interest and other expense (income):	135,702	'
Provision for income taxes	'	'
Net loss	($1,823,433)	($679,304)
Loss per share:	'	'
Basic and diluted	($0.46)	($0.61)
Weighted average number of common shares outstanding-basic and diluted	3,987,746	1,117,316

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net loss	($1,823,433)	($679,304)
Other comprehensive loss:	'	'
Foreign currency cumulative translation adjustment	-25,749	'
Other comprehensive loss	-25,749	'
Comprehensive loss for the year	($1,849,182)	($679,304)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2013	$3,985	$10,007,490	$25,749	($5,998,209)	$4,039,015
Balance, shares at Dec. 31, 2013	3,985,206	'	'	'	'
Exercise of stock options	3	312	'	'	315
Exercise of stock options, shares	3,500	'	'	'	'
Stock based compensation	'	227,264	'	'	227,264
Foreign currency cumulative translation adjustment	'	'	-25,749	'	-25,749
Net loss	'	'	'	-1,823,433	-1,823,433
Balance at Mar. 31, 2014	$3,988	$10,235,066	'	($7,821,642)	$2,417,412
Balance, shares at Mar. 31, 2014	3,988,706	'	'	'	'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities	'	'
Net loss	($1,823,433)	($679,304)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	2,157	1,073
Amortization of debt discount	17,542	'
Stock based compensation	227,264	35,865
Foreign currency gain	-25,749	'
Changes in operating assets and liabilities:	'	'
Accounts receivable	-456,690	-5,290
Prepaids	541,647	'
Other assets	-176,750	'
Accounts payable	144,688	-53,081
Accrued expenses	328,105	17,307
Net cash used in operating activities	-1,221,219	-683,430
Investing Activities	'	'
Purchases of equipment	-501,905	-1,326
Net cash used in investing activities	-501,905	-1,326
Financing Activities	'	'
Proceeds from notes payable	9,724	1,000,000
Payments on notes payable	-39,634	'
Proceeds from exercise of stock options	315	'
Net cash provided (used in) financing activities	-29,595	1,000,000
Net increase (decrease) in cash and cash equivalents	-1,752,719	315,244
Cash and cash equivalents, beginning of period	4,292,122	1,492,871
Cash and cash equivalents, end of period	2,539,403	1,808,115
Non-cash transactions	'	'
Prepaids amortized to settle capital lease obligations	$123,244	'

Organization

Organization	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Note 1 – Organization
	Nature of Business
	Eco-Stim Energy Solutions, Inc., (the “Company,” “Eco-Stim,” “we” or “us”) is an oilfield services provider of well stimulation and intelligent completion services to the upstream oil and gas industry. Through its subsidiaries the Company performs well stimulation and coiled tubing services primarily in unconventional oil and natural gas reservoirs outside the United States. Through its subsidiaries the Company currently performs field management services for customers active in the Vaca Muerta shale play in Argentina. The Company is also evaluating opportunities to expand its operations into new areas, which may include Mexico, Colombia and other international markets.

Basis_of_Presentation_and_Sign

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies	'
	Note 2 – Basis of Presentation and Significant Accounting Policies
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The December 31, 2013 consolidated balance sheet was derived from audited financial statements, but does not include all the disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. In our opinion, all the adjustments (consisting of normal recurring adjustments) considered necessary for fair presentation have been included. The results of operations for the three month period ended March 31, 2014 are not necessarily indicative of the results that may be achieved for the full fiscal year or for any future period. The unaudited condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2013, a copy of which was filed with our Annual Report on Form 10-K for the year ended December 31, 2013.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are used in, but are not limited to, determining the following: allowance for doubtful accounts, recoverability of long-lived assets and intangibles, useful lives used in depreciation and amortization, income taxes and stock-based compensation. The accounting estimates used in the preparation of the condensed consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses related to amounts in excess of FDIC limits.
	Revenue Recognition
	Amounts billed for sales and use taxes, value-added taxes, and certain excise and other specific transactional taxes imposed on revenue producing transactions are presented on a net basis and excluded from sales in the condensed consolidated statement of operations. We record a liability until remitted to the respective taxing authority. All revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, and collection is reasonably assured as follows:
	Well Stimulation Revenue.
	The Company expects to provide well stimulation services based on contractual arrangements, such as term contracts and pricing agreements, or on a spot market basis. Revenue will be recognized and customers will be invoiced upon the completion of each job, which can consist of one or more stimulation stages.
	Under anticipated contract term arrangements, customers are typically obligated to pay on a monthly basis for a specified number of hours of service, whether or not those services are actually used. To the extent customers use more than the specified contracted minimums, the Company expects to be paid a pre-agreed amount for the provision of such additional services.
	Under anticipated term pricing agreement arrangements, customers typically commit to targeted utilization levels at agreed-upon pricing, but without termination penalties or obligations to pay for services not used by the customer. In addition, the agreed-upon pricing is typically subject to periodic review.
	Spot market basis arrangements will be based on an agreed-upon hourly spot market rate. The Company may also charge fees for setup and mobilization of equipment depending on the job, additional equipment used on the job, if any, and materials that are consumed during the well stimulation process. Generally, these fees and other charges vary depending on the equipment and personnel required for the job and market conditions in the region in which the services are performed.
	The Company also plans to generate revenues from chemicals and proppants that are consumed while performing well stimulation services.
	Coiled Tubing Revenue.
	The Company expects to provide coiled tubing and other well stimulation services. Jobs for these services are typically short term in nature, lasting anywhere from a few hours to multiple days. Revenue will be recognized upon completion of each day’s work based upon a completed field ticket. The Company anticipates charging the customer for mobilization, services performed, personnel on the job, equipment used on the job, and miscellaneous consumables based on an hourly basis at agreed-upon spot market rates.
	Field Management Revenue.
	The Company enters into arrangements to provide field management services. Field management revenue relates primarily to geophysical predictions and production monitoring utilizing down-hole diagnostics tools. Revenue is recognized and customers are invoiced upon the completion of each job. The service invoices are for a set amount, which includes charges for the mobilization of the equipment to the location, the service performed, the personnel on the job, additional equipment used on the job, consumables used throughout the course of the service, and processing and interpretation of data acquired via down-hole diagnostic tools.
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, capital lease obligations and notes payable. The recorded values of cash and cash equivalents, accounts receivable, and accounts payable approximate their fair values based on their short-term nature. The carrying value of capital lease obligations and accounts payable approximate their fair value, as the interest rates approximate market rates.
	Functional and Presentation Currency
	Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). During the first quarter, the Company reviewed its policies related to functional currency and concluded that the functional currency for the Norwegian and Argentine subsidiaries is the US Dollar. The condensed consolidated financial statements are presented in US Dollars, which is the Company’s presentation currency.
	Reclassifications
	Certain prior period amounts have been reclassified in the current period in order to be consistent with the current period presentation.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	Note 3 – Stock-Based Compensation
	As of March 31, 2014, the Company has a single stock incentive plan approved by its stockholders, the 2013 Stock Incentive Plan (the “Plan”), for the granting of stock-based incentive awards, including incentive stock options, non-qualified stock options, and restricted stock to employees, consultants, and members of the Company’s Board of Directors. The Plan was originally adopted in 2012, and a maximum of 2,164,500 shares were reserved for issuance under the Plan. In connection with the merger in December, 2013, the Company modified the maximum number of shares authorized to be issued under the Plan to 1,000,000 shares. As of March 31, 2014, 413,076 shares were available for grant under the Plan.
	The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. Because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. The expected life of awards granted represents the period of time that they are expected to be outstanding. The Company determined the initial expected life based on a simplified method in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, giving consideration to the contractual terms, vesting schedules, and pre-vesting and post-vesting forfeitures.
	During the three months ended March 31, 2014 and 2013, the Company recorded $227,264 and $35,864, respectively, of stock-based compensation, which is included in general and administrative expense in the accompanying condensed consolidated statement of operations. Total unamortized stock-based compensation expense at March 31, 2014, was $1,358,510 and will be fully expensed through 2016.

Related_Party_Transaction

Related Party Transaction	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transaction	'
	Note 4 – Related Party Transactions
	In December of 2013, the Company sold equipment to a third party leasing company controlled by two of its directors. Please see “Part I – Item 1 – Financial Statements – Eco-Stim Energy Solutions, Inc. and Subsidiaries Condensed Consolidated Financial Statements – Note 5 – Commitments and contingencies.”

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 5 – Commitments and Contingencies
	Capital Lease Obligations
	In the fourth quarter of 2013, the Company purchased and upgraded equipment, from non-related third parties, investing approximately $3.5 million. In December 2013, the Company sold the equipment to a related party leasing company, Impact Engineering, AS. Simultaneously, the equipment package was leased back to Eco-Stim Energy Solutions Argentina SA (formerly known as Tango Rock SA), a subsidiary of the Company, as a capital lease for a 60-month period with payments beginning in February of 2014. The Company agreed to prepay one year of payments in the amount of approximately $1.0 million and maintain a balance of no less than six months of prepayments until the final six months of the lease. These prepayments were made prior to December 31, 2013. Further rent payments are approximately $81,000 per month and commenced on February 1, 2014. The final six months prepaid is shown as other non-current assets in the condensed consolidated balance sheets with a balance of $488,633.
	The minimum present value of the lease payments is $3.4 million with terms of sixty months and implied interest of 14%. The next five years of lease payments are:
		Capital Lease
		Payments
	2014	$	732,950
	2015		977,267
	2016		977,267
	2017		977,267
	2018		977,267
	Total Future Payments		4,642,016
	Less debt discount due to warrants		(333,295	)
	Less amount representing interest		(1,265,259	)
			3,043,462
	Less current portion of capital lease obligations		(538,187	)
	Capital lease obligations, excluding current installments	$	2,505,275
	Stewart & Stevenson
	On January 8, 2014, the Company entered into an equipment purchase order with Stewart & Stevenson Manufacturing Technologies LLC (“S&S”). Under the terms of the purchase order, the Company agreed to purchase and S&S agreed to sell, certain pressure pumping equipment for a total purchase price of up to $8,093,870, of which a deposit was paid as a down payment at signing. The total purchase price included an option for certain additional equipment to be included in the equipment package. The equipment package is expected to be delivered during the second quarter of 2014.
	Well Stimulation Contracts
	As of March 31, 2014, the Company was not providing well stimulation services under any take-or-pay term contracts, however the company anticipates that as the company grows such contracts will become common. Under these types of contracts, the customer is typically obligated to pay on a monthly basis for a specified number of hours of service, whether or not those services are actually used. To the extent the customer uses more than the specified contract minimums, the Company would be paid for the provision of such additional services based on rates stipulated in the contract. The revenue related to these types of contracts would be recognized on the earlier of the passage of time under terms set forth in the contract or as the services are performed.
	Litigation
	The Company from time to time may be, involved in claims and litigation arising in the ordinary course of business. At this time, there are no pending or potential claims or litigation known to the Company.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 6 - Subsequent Events
	On April 7, 2014, the Company signed a non-binding term sheet with a private equity firm (the “Investor”) in connection with a potential convertible debt facility. Under the proposed terms, the Investor would provide the Company with a $22 million convertible debt facility that would be available to the Company for two years after the closing date. In addition, the terms contemplate that the Company would grant a 30 day option to the Investor to purchase up to $8 million of the Company’s common stock in a private placement for $6 per share. The convertible debt facility would be secured by certain of the Company’s assets and would be available immediately upon closing. The outstanding debt would accrue interest at 14% per annum with interest payments due in arrears. Any amounts drawn under the facility would be due and payable in full four years from closing. Any outstanding balance under the convertible debt facility may be converted into the Company’s common stock at a price of $6 per share at the option of the Investor. The Company would maintain the ability to repay the debt facility or force conversion after one year. The convertible debt facility will maintain customary financial and other covenants.  The Company can provide no assurances at this time that the transactions contemplated by such term sheet will be consummated in accordance with the terms set forth in the term sheet, or at all.
	On May 1, 2014, the Company, entered into an agreement with Fotech Oil & Gas Solutions, Inc. (“Fotech”) to purchase equipment and secure exclusive rights to market, sell, utilize and distribute such equipment in Argentina and Mexico (the “Exclusive Purchase Agreement”). Under the terms of the Exclusive Purchase Agreement, the Company agreed to purchase proprietary distributed acoustic recording systems, which record and process acoustic and temperature signals from oil and gas wells using fiber optic technology. The agreement calls for the purchase of $527,470 in equipment and provides an additional $500,000 payment for the exclusivity previously described. The equipment is expected to be delivered in the second quarter of 2014 and will be used to fulfill the Company’s obligations with customers requesting down-hole well diagnostics.

Basis_of_Presentation_and_Sign1

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are used in, but are not limited to, determining the following: allowance for doubtful accounts, recoverability of long-lived assets and intangibles, useful lives used in depreciation and amortization, income taxes and stock-based compensation. The accounting estimates used in the preparation of the condensed consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses related to amounts in excess of FDIC limits.
Revenue Recognition	'
	Revenue Recognition
	Amounts billed for sales and use taxes, value-added taxes, and certain excise and other specific transactional taxes imposed on revenue producing transactions are presented on a net basis and excluded from sales in the condensed consolidated statement of operations. We record a liability until remitted to the respective taxing authority. All revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, and collection is reasonably assured as follows:
	Well Stimulation Revenue.
	The Company expects to provide well stimulation services based on contractual arrangements, such as term contracts and pricing agreements, or on a spot market basis. Revenue will be recognized and customers will be invoiced upon the completion of each job, which can consist of one or more stimulation stages.
	Under anticipated contract term arrangements, customers are typically obligated to pay on a monthly basis for a specified number of hours of service, whether or not those services are actually used. To the extent customers use more than the specified contracted minimums, the Company expects to be paid a pre-agreed amount for the provision of such additional services.
	Under anticipated term pricing agreement arrangements, customers typically commit to targeted utilization levels at agreed-upon pricing, but without termination penalties or obligations to pay for services not used by the customer. In addition, the agreed-upon pricing is typically subject to periodic review.
	Spot market basis arrangements will be based on an agreed-upon hourly spot market rate. The Company may also charge fees for setup and mobilization of equipment depending on the job, additional equipment used on the job, if any, and materials that are consumed during the well stimulation process. Generally, these fees and other charges vary depending on the equipment and personnel required for the job and market conditions in the region in which the services are performed.
	The Company also plans to generate revenues from chemicals and proppants that are consumed while performing well stimulation services.
	Coiled Tubing Revenue.
	The Company expects to provide coiled tubing and other well stimulation services. Jobs for these services are typically short term in nature, lasting anywhere from a few hours to multiple days. Revenue will be recognized upon completion of each day’s work based upon a completed field ticket. The Company anticipates charging the customer for mobilization, services performed, personnel on the job, equipment used on the job, and miscellaneous consumables based on an hourly basis at agreed-upon spot market rates.
	Field Management Revenue.
	The Company enters into arrangements to provide field management services. Field management revenue relates primarily to geophysical predictions and production monitoring utilizing down-hole diagnostics tools. Revenue is recognized and customers are invoiced upon the completion of each job. The service invoices are for a set amount, which includes charges for the mobilization of the equipment to the location, the service performed, the personnel on the job, additional equipment used on the job, consumables used throughout the course of the service, and processing and interpretation of data acquired via down-hole diagnostic tools.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, capital lease obligations and notes payable. The recorded values of cash and cash equivalents, accounts receivable, and accounts payable approximate their fair values based on their short-term nature. The carrying value of capital lease obligations and accounts payable approximate their fair value, as the interest rates approximate market rates.
Functional and Presentation Currency	'
	Functional and Presentation Currency
	Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). During the first quarter, the Company reviewed its policies related to functional currency and concluded that the functional currency for the Norwegian and Argentine subsidiaries is the US Dollar. The condensed consolidated financial statements are presented in US Dollars, which is the Company’s presentation currency.
Reclassifications	'
	Reclassifications
	Certain prior period amounts have been reclassified in the current period in order to be consistent with the current period presentation.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Lease Payments Under Capital Leases	'
	The next five years of lease payments are:
		Capital Lease
		Payments
	2014	$	732,950
	2015		977,267
	2016		977,267
	2017		977,267
	2018		977,267
	Total Future Payments		4,642,016
	Less debt discount due to warrants		(333,295	)
	Less amount representing interest		(1,265,259	)
			3,043,462
	Less current portion of capital lease obligations		(538,187	)
	Capital lease obligations, excluding current installments	$	2,505,275

StockBased_Compensation_Detail

Stock-Based Compensation (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014
			2013 Stock Incentive Plan [Member]	2013 Stock Incentive Plan [Member]
Common stock reserve for future issuance under Stock Incentive Plan	'	'	2,164,500	'
Maximum number of shares authorized to be issued	'	'	1,000,000	'
Number of shares available for grant under the Plan	'	'	'	413,076
Stock-based compensation	$227,264	$35,865	'	'
Unamortized stock based compensation expense	$1,358,510	'	'	'
Unamortized stock-based compensation expense Fully expenses	'	'	'	'
	through 2016

Commitments_and_Contingencies_1

Commitments and Contingencies (Details Narrative) (USD $)	0 Months Ended	3 Months Ended		0 Months Ended
	Feb. 01, 2014	Mar. 31, 2014	Dec. 31, 2013	Jan. 08, 2014
				Stewart & Stevenson Manufacturing Technologies LLC [Member]
Purchase of upgraded equipment from non related parties	'	'	$3,500,000	'
Payments for advance to affiliates	'	'	1,000,000	'
Payment for rent	81,000	'	'	'
Minimum present value of the lease payments	'	3,400,000	'	'
Lease term	'	'60 months	'	'
Percentage of lease payment Interest	'	14.00%	'	'
Payment to acquire pumping equipment	'	'	'	8,093,870
Other non-current assets	'	$488,633	$488,633	'

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Future Minimum Lease Payments Under Capital Leases (Details) (USD $)	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
2014	$732,950
2015	977,267
2016	977,267
2017	977,267
2018	977,267
Total future payments	4,642,016
Less debt discount due to warrants	-333,295
Less amount representing interest	-1,265,259
Present value of net minimum lease payments	3,043,462
Less current portion of capital lease obligations	-538,187
Capital lease obligations, excluding current installments	$2,505,275

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	3 Months Ended	0 Months Ended
	Dec. 31, 2013	Apr. 07, 2014	1-May-14
		Subsequent Event [Member]	Subsequent Event [Member]
			Fotech Oil & Gas Solutions Inc [Member]
Coversion of convertible debt	'	$22,000,000	'
Payment for acquired securities	'	8,000,000	'
Purchase of private placement per share amount	'	$6	'
Debt instrument interest rate stated percentage	'	14.00%	'
Convertion price per share	'	$6	'
Purchase of equipment	3,500,000	'	527,470
Additional payment for equipment	'	'	$500,000
Equipment expected to be delivered date	'	'	30-Jun-14