Manufactured Housing Properties (MHPC) 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 08, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Caprock Oil, Inc.	'
Entity Central Index Key	'0001277998	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	51,808,276
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets	'	'
Cash and cash equivalents	$596,959	$877,525
Accounts receivable (net of allowance for doubtful accounts of $228,574)	391,567	342,676
Prepaid expenses and other	29,072	74,650
Total current assets	1,017,598	1,294,851
Oil and gas properties, evaluated (full cost method)	15,789,962	15,474,723
Oil and gas properties, unevaluated (full cost method)	402,632	360,859
Other property and equipment	40,978	40,978
Total Property and equipment	16,233,572	15,876,560
Less: Accumulated depreciation, depletion & amortization	-10,141,676	-9,963,444
Net property and equipment	6,091,896	5,913,116
Other noncurrent assets	20,736	20,738
Total other assets	20,736	20,738
Total assets	7,130,230	7,228,705
Liabilities and Stockholders' Equity	'	'
Current portion of long-term debt	1,574,283	1,875,032
Accounts payable	1,267,838	551,895
Accrued liabilities	1,526,946	1,488,981
Total current liabilities	4,369,067	3,915,908
Long-term debt, net of current portion	0	60,000
Deferred income taxes	956,600	1,300,500
Asset retirement obligations	458,415	438,575
Total liabilities	5,784,082	5,714,983
Stockholders' equity:	'	'
Preferred stock, $.01 par value per share, 1,000,000 shares authorized, None issued	'	'
Common stock, $.01 par value per share, 200,000,000 shares authorized, 51,588,276 shares and 2,655,738 shares, issued and outstanding	515,882	26,557
Additional paid in capital	14,510,948	14,129,585
Accumulated deficit	-13,680,682	-12,642,420
Total stockholders' equity	1,346,148	1,513,722
Total liabilities and stockholders' equity	$7,130,230	$7,228,705

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Stockholders' equity:	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, Issued shares	0	0
Common stock, par value	$0.01	$0.01
Common stock, authorized shares	200,000,000	200,000,000
Common stock, issued shares	51,588,276	2,655,738
Common stock, outstanding shares	51,588,276	2,655,738

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Oil and gas sales	$644,568	$668,796	$1,149,193	$1,434,096
Total revenues	644,568	668,796	1,149,193	1,434,096
Operating expenses:	'	'	'	'
Lease operating expense	381,115	331,368	755,047	733,924
Depreciation, depletion & amortization	103,409	120,734	178,231	240,727
Accretion expense	10,030	9,180	19,840	18,160
Workover expense	388,878	46,501	771,318	89,283
Selling, general and administrative	370,811	281,389	763,928	590,286
Total operating expenses	1,254,243	789,172	2,488,364	1,672,380
Operating loss	-609,675	-120,376	-1,339,171	-238,284
Other income (expense):	'	'	'	'
Interest income	89	23,847	315	49,993
Interest expense	-22,148	-35,405	-43,306	-74,186
Loss on expected settlement of notes receivable	0	-286,235	0	-286,235
Gain on oil and gas derivatives	0	9,056	0	1,616
Loss before income taxes	-631,734	-409,113	-1,382,162	-547,096
Benefit for income taxes	140,100	125,900	343,900	171,900
Net loss	($491,634)	($283,213)	($1,038,262)	($375,196)
Net loss per share, basic and diluted	($0.01)	($0.11)	($0.02)	($0.14)
Weighted average shares outstanding, basic and diluted	51,093,771	2,655,738	50,465,403	2,655,738

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($1,038,262)	($375,196)
Depreciation, depletion & amortization	178,231	240,727
Unrealized loss on expected settlement of notes receivable	'	286,235
Benefit for income taxes	-343,900	-171,900
Accretion expense	19,840	18,160
Stock based compensation	370,688	'
Unrealized loss on oil and gas derivatives	'	-1,616
Changes in current assets and liabilities	557,526	10,860
Net cash flows from operating activties	-255,877	7,270
Cash flows from investing activities:	'	'
Purchase of property and equipment	-163,940	-628,894
Net cash flows from investing activities	-163,940	-628,894
Cash flows from financing activities:	'	'
Proceeds of private equity offering	500,000	'
Payments of long term debt	-360,749	-334,382
Proceeds from long term debt	'	673,386
Net cash flows from financing activities	139,251	339,004
Net decrease in cash and cash equivalents	-280,566	-282,620
Cash and cash equivalents at beginning of period	877,525	512,835
Cash and cash equivalents at end of period	596,959	230,215
Supplemental cash flow data:	'	'
Cash paid for interest	43,227	63,855
Accounts payable for oil and gas properties	$193,072	'

1_Basis_of_Presentation

1. Basis of Presentation	6 Months Ended
	Jun. 30, 2014
BasisOfPresentationAbstract	'
1. Basis of Presentation	'
	Interim Financial Information – The accompanying consolidated financial statements have been prepared by Caprock Oil, Inc. (“we”, “our” or  the “Company”) without audit, in accordance with accounting principles generally accepted in the Unites States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission.  In the opinion of management, these consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the financial position of the Company as of June 30, 2014, the results of its operations for the three month and six month periods ended June 30, 2014 and 2013, and cash flows for the six month periods ended June 30, 2014 and 2013.  Certain prior year amounts have been reclassified to conform with the current year presentation.  These financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013.
	Restatement – The consolidated balance sheet as of December 31, 2013, the consolidated statement of operations for the three month and six month periods ended June 30, 2013, and the consolidated statement of cash flows for the six months ended June 30, 2013 have been retrospectively restated as a result of an acquisition of another company under common control with the Company, which was completed in March 2014, as further described in Note 2 below.
	Recently Issued Accounting Pronouncements – In the six months ended June 30, 2014, the Financial Accounting Standards Board issued several new Accounting Standards Updates which do not have applicability to the Company.

2_Acquisition_of_Cinco_NRG_LLC

2. Acquisition of Cinco NRG, LLC	6 Months Ended
	Jun. 30, 2014
Acquisition Of Cinco Nrg Llc	'
2. Acquisition of Cinco NRG, LLC	'
	On March 17, 2014, the Company completed the acquisition of Cinco NRG, LLC (“Cinco”), a private oil and gas company, which was under common control by its majority shareholder.  The Company acquired Cinco through the issuance of a total of 46,942,538 shares of its Common Stock.  As a result of this transaction, the members of Cinco now own approximately 95% of the Company’s total shares of Common Stock outstanding.  In conjunction with this transaction, the Company also issued 1,250,000 shares of its Common Stock to an officer of the Company (see Note 9).  Cinco was formed in April 2013 to acquire working interests in specific oil and gas properties in the States of Texas and Alabama.  At present, Cinco has a 10% non-operated working interest in a producing oil field in Texas and a 50% non-operated working interest in three exploratory prospects in Alabama.  Cinco is now a wholly-owned subsidiary of the Company.
	As noted above, the Company and Cinco were both under common control by a majority shareholder prior to this transaction.  Under the accounting rules for entities under common control, the Company has accounted for Cinco’s operations on a retrospective basis in the Company’s consolidated financial statements from the inception of Cinco in April 2013.  Accordingly, the consolidated balance sheet as of December 31, 2013, the consolidated statement of operations for the three month and six month periods ended June 30, 2013, and the consolidated statement of cash flows for the six months ended June 30, 2013 have been retrospectively restated in this report to reflect Cinco’s accounts at their historical amounts as of those dates.

3_Going_Concern

3. Going Concern	6 Months Ended
	Jun. 30, 2014
Going Concern	'
3. Going Concern	'
	The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has reported net losses from continuing operations in the last two years and has a substantial working capital deficit as of June 30, 2014.  These factors, among others, indicate that the Company may be unable to continue as a going concern for a reasonable period of time.  The consolidated financial statements do not contain any adjustments to reflect the possible future effects on the classification of assets or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

4_Sale_of_Canadian_Energy_Serv

4. Sale of Canadian Energy Services Business	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
4. Sale of Canadian Energy Services Business	'
	In June 2011, the Company entered into a Stock Purchase Agreement (“SPA”) with a private company to sell the capital stock of its Canadian Energy Services subsidiaries, Decca Consulting, Ltd. and Decca Consulting, Inc. (collectively referred to as “Decca”), for a total sales price of $4,600,000 (plus a working capital adjustment).  Included in the consideration for this sale were interest bearing notes (the “Installment Notes”) issued by the purchaser in the amount of $1,850,000, payable in 48 monthly installments of principal and interest, at 8% per annum, commencing on October 1, 2011.
	In June 2013, the Company and the purchaser reached a preliminary agreement to settle a dispute regarding the outstanding balance of the Installment Notes.  The preliminary settlement agreement provided for the purchaser to make a one-time cash payment to the Company and to assume all of the Company’s remaining obligations, including any continent liabilities, related to its prior ownership of Decca.  The Company’s acceptance of the preliminary settlement on the Installment Notes resulted in a total pre-tax net loss to the Company in the amount of $536,235.  The Company had previously recognized an estimated loss provision in the year ended December 31, 2012 in the amount of $250,000, therefore, an additional loss provision was recognized in the six months ended June 30, 2013 in the amount of $286,235.  The closing and funding of the definitive settlement occurred in December 2013.

5_Commodity_Derivatives

5. Commodity Derivatives	6 Months Ended
	Jun. 30, 2014
Commodity Derivatives	'
5. Commodity Derivatives	'
	Through December 31, 2013, the Company had a commodity derivative contract with a major energy company covering a portion of a subsidiary’s domestic oil production.  This contract consisted of a two year “costless collar,” with floor and ceiling prices of $80.00 and $108.00 per barrel, and expired on December 31, 2013.  For the periods of any open derivative contracts, the Company has applied “mark to market” accounting in accordance with ASC 815-20, “Accounting for Derivative Instruments and Hedging Activities,” and accounted for such contracts as non-hedging transactions, as defined in ASC 815-20.  Accordingly, we have reflected changes in fair value of open derivative contracts in current period earnings, based on “Level 3” inputs.  In the six months ended June 30, 2013, the Company reported an unrealized derivative gain of $1,616, due to fair value changes.

6_Long_Term_Debt

6. Long Term Debt	6 Months Ended
	Jun. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
6. Long Term Debt	'
	As of June 30, 2014 and December 31, 2013, the Company had the following long-term debt obligations:
		June 30,			December 31,
		2014			2013
	$25,000,000 line of credit with a bank, maturing on January 1, 2015, interest at 1.0% above prime (but not less than 5.5%) payable monthly, secured by first lien on CYMRI, LLC’s oil and gas properties, with a declining borrowing base of $1,536,000 as of June 30, 2014	$	1,536,000		$	1,836,000
	Unsecured notes payable assumed in acquisition of Cinco NRG, LLC, payable with interest at 6% per annum on April 30, 2015		26,400			60,000
	Other short term notes for automobile and insurance financing, interest rates at 6% to 8%		11,883			39,032
			1,574,283			1,935,032
	Current portion of long term debt		(1,574,283	)		(1,875,032	)
	Long term debt, net of current portion	$	-		$	60,000
	Borrowings under the bank credit agreement secured by the oil and gas properties owned by CYMRI, LLC (“CYMRI”), a subsidiary in the Exploration & Production business, are subject to a borrowing base, which is periodically redetermined based on oil and gas reserves.  The bank credit agreement does not require monthly principal payments so long as outstanding borrowings are less than a declining borrowing base.  As of June 30, 2014, there was no unutilized borrowing base under the credit agreement.
	Effective January 1, 2014, the bank credit agreement was amended to redefine the borrowing base as declining by $50,000 per month while substantially retaining all other significant terms and extending the maturity for 12 months to January 1, 2015.  The Company was not in compliance with certain financial covenants under the credit agreement in the first two quarters of 2014, however, the bank granted a waiver with respect to such noncompliance in the first quarter of 2014 and is expected to do so for the second quarter of 2014.  As the extended debt is due in less than one year, the outstanding bank borrowings under the credit agreement are classified as a current liability as of June 30, 2014.

7_Private_Equity_Offering

7. Private Equity Offering	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
7. Private Equity Offering	'
	On June 30, 2014, the Company closed the initial tranche of a private equity offering of Unit securities with each Unit comprised of two shares of Common Stock and a Warrant to purchase one share of Common Stock, exercisable at $2.00 per share.  In this tranche, 250,000 Units were sold to accredited investors at an offering price of $2.00 per Unit, resulting in gross proceeds of $500,000.  The Company is targeting the sale of up to 4,000,000 Units in this private equity offering with the proceeds to be used to fund capital expenditures for drilling and acquisition opportunities, ongoing exploration and production operations, as well as for general corporate purposes, including an increase in working capital and the possible repayment of debt.  Since June 30, 2014, an additional 50,000 Units ($100,000) have been sold.

8_Net_Loss_Per_Share

8. Net Loss Per Share	6 Months Ended
	Jun. 30, 2014
Net Loss Per Share	'
8. Net Loss Per Share	'
	Basic income or loss per common share is computed by dividing the net income or loss by the weighted average number of shares of common stock outstanding during the period.  Diluted income or loss per common share is computed by dividing net income or loss by the weighted average number of shares of common stock outstanding during the period under the Treasury Stock Method.  In the six months ended June 30, 2014 and 2013, there were no dilutive common stock equivalents reflected in the determination of net loss per share as the effect would have been anti-dilutive.

9_StockBased_Compensation

9. Stock-Based Compensation	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
9. Stock-Based Compensation	'
	The Company has a stock-based compensation plan which was approved by the stockholders in October 2005 and amended in October 2006.  Under the plan, a maximum of 240,000 shares may be awarded to directors, employees and consultants in the form of grants of stock or stock options with underlying registration rights.  The terms and other conditions applicable to each such grant are generally determined by the Board of Directors.
	Pursuant to the terms of the stock-based compensation plan, the Company made a grant of 240,000 freely tradable shares of its Common Stock in March 2014 to a consultant who performed certain services for the Company.  Based on quoted prices for the Company’s stock, the Company calculated the value of such issued shares at $132,000 and recorded an expense of that amount in the six months ended June 30, 2014.  While a new stock-based compensation plan has not been formally approved, the Company has reserved 4,000,000 shares of Common Stock for future issuance under such a plan.
	In conjunction with the acquisition of Cinco, the Company issued 1,250,000 shares of its restricted Common Stock to an officer of the Company in March 2014 (see Note 2).  The restricted shares will vest over a three year period and will be subject to buyback by the Company if the officer should terminate his employment prior to the end of such period.  Based on quoted prices for the Company’s stock, the Company calculated the value of such issued shares at $687,500 and will amortize that total amount of expense over a three year period.  During the six months ended June 30, 2014, the Company recorded an amortized expense in the amount $76,389 for this grant.
	In May 2014, the Company engaged a new Chief Executive Officer and granted him non-registered options to acquire 2,000,000 shares of its Common Stock at an exercise price of $0.65 per share, which was equal to the quoted price of its Common Stock on the date of the grant.  Of the non-registered options, 200,000 shares vest immediately and the remaining 1,800,000 shares will vest ratably over a three year period.  Based on the Black Scholes option pricing model, the Company calculated the value of such non-registered options at $1,082,000 and will amortize that total amount of expense over a three year period.  During the six months ended June 30, 2014, the Company recorded an amortized expense in the amount $162,300 for this grant.
	For the grants summarized above, the Company recorded aggregate stock compensation expense in the six months ended June 30, 2014 in the total amount of $370,688 and has total future unrecognized compensation expense as of that date in the amount of $1,530,812.

10_Related_Party_Transactions

10. Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
10. Related Party Transactions	'
	As indicated in Note 2, Cinco has a 10% non-operated working interest in a producing oil field in Texas.  The president of the company which operates this field became a director of the Company on March 17, 2014.  This company charges the usual and customary amounts to Cinco for its share of the capital and operating costs of the field, under a standard industry joint operating agreement (“JOA”).

11_Contingencies

11. Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
11. Contingencies	'
	From time to time the Company may become involved in litigation in the ordinary course of business.  At the present time, other than the Company’s disclosures below, the Company’s management is not aware of any such litigation or other legal proceedings that could have a material adverse effect on its results of operations, cash flows or financial condition.
	Triumph Energy, Inc., a subsidiary in the Exploration & Production segment, and a former subsidiary which was sold in 2008, have been named as joint defendants in several lawsuits involving professional liability and other matters arising in the normal course of business in the State of Louisiana.  Most of these cases have been settled with little or no net cost to Triumph.  It is not practical at the present time to determine the amount or likelihood of an unfavorable outcome to the Company’s consolidated financial position or results of operations of any of the remaining actions against Triumph.  The Company believes that Triumph has meritorious defenses in each case and is vigorously defending these matters.  The Company has recorded no provision for estimated losses in these cases as of June 30, 2014.
	In October 2008, an insurer for the Company’s inactive Construction Staffing subsidiary filed a lawsuit against the subsidiary alleging default on a premium finance obligation in the amount of approximately $200,000, plus interest and attorney’s fees.  The Company believes that its inactive Construction Staffing subsidiary has a meritorious position in this matter and has not engaged legal counsel to defend this case.  A default judgment was rendered in favor of the plaintiff in January 2011 and the Company has recorded an accrual for the subsidiary’s estimated loss exposure of approximately $100,000 as of June 30, 2014.
	The Company, as a lessee and operator of oil and gas properties, is subject to various federal, state and local laws and regulations relating to discharge of materials into, and protection of, the environment. These laws and regulations may, among other things, impose liability on the lessee under an oil and gas lease for the cost of pollution clean-up resulting from operations and subject the lessee to liability for pollution damages. The Company maintains insurance coverage, which it believes is customary in the industry, although the Company is not fully insured against all environmental risks. The Company is not aware of any environmental claims existing as of June 30, 2014, which have not been provided for, covered by insurance or otherwise have a material impact on its financial position or results of operations. There can be no assurance, however, that current regulatory requirements will not change, or past noncompliance with environmental laws will not be discovered on the Company’s properties.

12_Subsequent_Events

12. Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
12. Subsequent Events	'
	On July 16, 2014, the Company entered into a participation agreement to acquire a 20% working interest in a non-operated gas development project in Edwards County, Texas.  The Company acquired its working interest from the operator by the issuance of 120,000 shares of its restricted Common Stock, and by agreeing to assume the obligation for 20% of the costs of drilling an initial well which is expected to commence late in the third quarter of 2014.

1_Basis_of_Presentation_Polici

1. Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
Basis Of Presentation Policies	'
Interim Financial Information	'
	Interim Financial Information – The accompanying consolidated financial statements have been prepared by Caprock Oil, Inc. (“we”, “our” or  the “Company”) without audit, in accordance with accounting principles generally accepted in the Unites States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission.  In the opinion of management, these consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the financial position of the Company as of June 30, 2014, the results of its operations for the three month and six month periods ended June 30, 2014 and 2013, and cash flows for the six month periods ended June 30, 2014 and 2013.  Certain prior year amounts have been reclassified to conform with the current year presentation.  These financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013.
Restatement	'
	Restatement – The consolidated balance sheet as of December 31, 2013, the consolidated statement of operations for the three month and six month periods ended June 30, 2013, and the consolidated statement of cash flows for the six months ended June 30, 2013 have been retrospectively restated as a result of an acquisition of another company under common control with the Company, which was completed in March 2014, as further described in Note 2 below.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements – In the six months ended June 30, 2014, the Financial Accounting Standards Board issued several new Accounting Standards Updates which do not have applicability to the Company.

6_Long_Term_Debt_Tables

6. Long Term Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Long Term Debt	'
		June 30,			December 31,
		2014			2013
	$25,000,000 line of credit with a bank, maturing on January 1, 2015, interest at 1.0% above prime (but not less than 5.5%) payable monthly, secured by first lien on CYMRI, LLC’s oil and gas properties, with a declining borrowing base of $1,536,000 as of June 30, 2014	$	1,536,000		$	1,836,000
	Unsecured notes payable assumed in acquisition of Cinco NRG, LLC, payable with interest at 6% per annum on April 30, 2015		26,400			60,000
	Other short term notes for automobile and insurance financing, interest rates at 6% to 8%		11,883			39,032
			1,574,283			1,935,032
	Current portion of long term debt		(1,574,283	)		(1,875,032	)
	Long term debt, net of current portion	$	-		$	60,000

5_Commodity_Derivatives_Detail

5. Commodity Derivatives (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2013
Commodity Derivatives Details Narrative	'
Unrealized derivative gain	$1,616

6_Long_Term_Debt_Details

6. Long Term Debt (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Notes to Financial Statements	'	'
$25,000,000 line of credit with a bank, maturing on January 1, 2015, interest at 1.0% above prime (but not less than 5.5%) payable monthly, secured by first lien on CYMRI, LLC's oil and gas properties, with a declining borrowing base of $1,536,000 as of June 30, 2014	$1,536,000	$1,836,000
Unsecured notes payable assumed in acquisition of Cinco NRG, LLC, payable with interest at 6% per annum on April 30, 2015	26,400	60,000
Other short term notes for automobile and insurance financing, interest rates at 6% to 8%	11,883	39,032
Total Long Term Debt Obligations	1,574,283	1,935,032
Current portion of long term debt - third parties	-1,574,283	-1,875,032
Long term debt, net of current portions	$0	$60,000

6_Long_Term_Debt_Details_Narra

6. Long Term Debt (Details Narrative)	6 Months Ended
	Jun. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Bank credit agreement maturity	'Will mature in less than one year.

11_Contingencies_Details_Narra

11. Contingencies (Details Narrative) (USD $)	Jun. 30, 2014
Contingencies Details Narrative	'
Contingency loss	$100,000