Hydrocarb Energy (HECCQ) 8-K/A 24 Feb 14 Financial Statements and Exhibits Financial data

Document_and_Entity_Informatio

Document and Entity Information	10 Months Ended
	Oct. 31, 2013
Document and Entity Information [Abstract]	'
Entity Registrant Name	'HYDROCARB ENERGY CORP
Entity Central Index Key	'0001425808
Current Fiscal Year End Date	'--07-31
Entity Well-known Seasoned Issuer	'No
Entity Voluntary Filers	'No
Entity Current Reporting Status	'Yes
Entity Filer Category	'Smaller Reporting Company
Document Type	'8-K
Amendment Flag	'false
Document Period End Date	31-Oct-13

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2013	Dec. 31, 2012
Current assets	'	'
Cash and cash equivalents	$42,514	$29,623
Accounts receivable	6,103	43,170
Accounts receivable - related party	25,559	245,630
Prepaid expenses	38,842	20,066
Total current assets	113,018	338,489
Available for sale securities	3,515,171	1,173,000
Note receivable - related party	1,000,000	2,400,000
Oil and gas properties, accounted for using the full cost method of accounting - unevaluated property	910,543	361,747
Property and equipment, net of accumulated depreciation of $50,551 and $51,705, respectively	58,502	36,093
Total assets	5,597,234	4,309,329
Current liabilities	'	'
Accounts payable	48,117	15,672
Accounts payable - related party	1,338,658	9,408
Deferred gain	177,750	0
Accrued interest payable	85,530	62,972
Total current liabilities	1,650,055	88,052
Total liabilities	1,650,055	88,052
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, $400 par value, 10,000 shares authorized, 4,225 shares issued and outstanding at October 31, 2013 and December 31, 2012	1,690,000	1,690,000
Common stock, $0.001 par; 500,000,000 authorized shares; 68,881,807 and 62,322,550 shares issued and outstanding at October 31, 2013 and December 31, 2012, respectively	68,882	62,322
Additional paid in capital	466,348	466,348
Stock subscription receivable	0	-24,511
Earnings accumulated during the exploration stage	1,826,825	1,701,321
Accumulated other comprehensive income (loss)	-74,396	350,750
Total stockholders' equity	3,977,659	4,246,230
Noncontrolling interests	-30,480	-24,953
Total equity	3,947,179	4,221,277
Total liabilities and stockholders' equity	$5,597,234	$4,309,329

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Oct. 31, 2013	Dec. 31, 2012
Assets	'	'
Property and equipment, accumulated depreciation	$50,551	$51,705
Stockholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$400	$400
Preferred stock, shares authorized (in shares)	10,000	0
Preferred stock, issued (in shares)	4,225	4,225
Preferred stock, outstanding (in shares)	4,225	4,225
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	68,881,807	62,322,550
Common stock, outstanding (in shares)	68,881,807	62,322,550

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Operating expenses	'	'
General and administrative expense	$803,287	$906,459
Depreciation and amortization	3,414	34,886
(Gain) loss on sale of assets	0	14,053
Total operating expenses	806,701	955,398
Loss from operations	-806,701	-955,398
Other income (expense)	'	'
Consulting and other income	856,121	3,288,980
Interest income	98,633	0
Interest expense	-22,558	-62,972
Foreign currency transaction gain (loss)	-5,518	21,555
Other income (expense), net	926,678	3,247,563
Net income	119,977	2,292,165
Less: Net loss attributable to noncontrolling interests	-5,527	-14,024
Net income attributable to Hyrdrocarb Corporation	125,504	2,306,189
Deemed dividends on preferred stock	-108,441	0
Net income attributable to common shareholders of Hydrocarb Corporation	17,063	2,306,189
Other comprehensive loss, net of tax:	'	'
Change in market value of available for sale securities, including unrealized loss and reclassification adjustments to net income, net of income tax of $0 and $0	-425,146	350,750
Comprehensive Loss	($299,642)	$2,656,939
Basic and diluted loss per common share (in dollars per share)	$0	$0.04
Weighted average shares outstanding (basic and diluted) (in dollars per share)	63,725,023	62,322,500

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Earnings accumulated during exploration stage [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Dec. 31, 2011	$0	$62,322	$768,645	($326,808)	($604,868)	$0	($100,709)
Balance (in shares) at Dec. 31, 2011	0	62,322,550	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Preferred stock issued for debt	1,690,000	0	0	0	0	0	1,690,000
Preferred stock issued for debt (in shares)	4,225	0	'	'	'	'	'
Change in price of common stock sold	0	0	-302,297	302,297	0	0	0
Unrealized gain (loss) on available for sale securities	0	0	0	0	0	350,750	350,750
Net income	0	0	0	0	2,306,189	0	2,306,189
Balance at Dec. 31, 2012	1,690,000	62,322	466,343	-24,511	1,701,321	350,750	4,246,230
Balance (in shares) at Dec. 31, 2012	4,225	62,322,550	'	'	'	'	62,322,550
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Common stock issued for subscription receivable	0	6,560	0	0	0	0	6,560
Common stock issued for subscription receivable (in shares)	0	6,559,257	'	'	'	'	6,559,257
Cash received for stock subscription	0	0	0	24,511	0	0	24,511
Realized gain on available for sale securities	0	0	0	0	0	-350,750	-350,750
Unrealized gain (loss) on available for sale securities	0	0	0	0	0	-74,396	-74,396
Net income	0	0	0	0	125,504	0	125,504
Balance at Oct. 31, 2013	$1,690,000	$68,882	$466,348	$0	$1,826,825	($74,396)	$3,977,659
Balance (in shares) at Oct. 31, 2013	4,225	68,881,807	'	'	'	'	68,881,807

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Cash Flows From Operating Activities	'	'
Net income	$119,977	$2,292,165
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Depreciation amortization	3,414	34,886
Loss on theft of assets	0	14,053
Changes in operating assets and liabilities:	'	'
Accounts receivable	-922,571	-3,511,050
Prepaid expenses and other current assets	-18,776	37,080
Accounts payable	32,445	-61,451
Accrued expenses	12,700	62,970
Net cash used in operating activities	-772,811	-1,131,347
Cash Flows From Investing Activities	'	'
Cash paid for purchase of oil and gas properties	-548,796	-181,918
Cash paid for purchase of property and equipment	-25,823	-14,538
Net cash used in investment activities	-574,619	-196,456
Cash Flows From Financing Activities	'	'
Borrowings from related parties	1,329,250	1,217,421
Proceeds for sale of stock	31,071	0
Net cash provided by financing activities	1,360,321	1,217,421
Net increase (decrease) in cash	12,891	-110,382
Cash at beginning of period	29,623	140,005
Cash at end of period	42,514	29,623
Supplemental Disclosures:	'	'
Interest paid in cash	0	0
Income taxes paid in cash	0	0
Non-cash investing and financing	'	'
Settlement of debt with preferred stock	0	1,690,000
Unrealized gain (loss) on marketable securities	74,396	350,750
Settlement of receivables in shares	3,589,567	0
Sale of shares for note receivable	$1,000,000	$822,250

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	10 Months Ended
	Oct. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Description of Business and Summary of Significant Accounting Policies	'
	Note 1 – Description of Business and Summary of Significant Accounting Policies
	Description of business and basis of presentation
	Hydrocarb Corporation ("we", "us", "Hydrocarb", the "Company") was incorporated in the state of Nevada in December 2009 for the purpose of oil and gas exploration, development, and production onshore the Republic of Namibia. We own 100% of Hydrocarb Texas Corporation, a Texas corporation ("HCT"), Hydrocarb Namibia Energy (Proprietary) Limited, a Namibia corporation ("HNA"), and Hydrocarb Guinea SARL, a Republic of Guinea Corporation ("HG"). In addition, we own 95% of Otaiba Hydrocarb LLC, domiciled in Abu Dhabi, United Arab Emirates ("Otaiba"). The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("US GAAP") and the rules of the Securities and Exchange Commission ("SEC").
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Hydrocarb; our wholly owned subsidiaries, HCT, HNA and HG; and our majority owned subsidiary, Otaiba Hydrocarb. All significant intercompany accounts and transactions have been eliminated in consolidation.
	Noncontrolling interests
	Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest. We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity's economic performance. The ownership interests in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent's equity, as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation.
	Exploration Stage Company
	The Company's financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as it devotes substantially all of its efforts to acquiring and exploring oil and gas interests that management believes should eventually provide sufficient net profits to sustain the Company's existence. Until such interests are engaged in commercial production, the Company will continue to prepare its consolidated financial statements and related disclosures in accordance with this standard.
	Use of estimates
	The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. We base our estimates and judgments on historical experience and on various other assumptions and information that we believe to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes.
	Significant areas requiring management's estimates and assumptions include the determination of the fair value of transactions involving stock-based compensation and financial instruments.
	Actual results may differ from the estimates and assumptions used in the preparation of our consolidated financial statements.
	Cash and cash equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.
	Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.
	Receivables and allowance for doubtful accounts
	Accounts receivable are recorded at the invoiced amount and do not bear any interest. We regularly review collectability and establish or adjust an allowance for uncollectible amounts as necessary using the specific identification method. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Management has determined that a reserve for uncollectible amounts was not required in the periods presented.
	Accounts receivable – related party includes amounts owed to the Company from employees and other related parties.
	Available for sale securities
	We invest in marketable equity securities which are classified as available for sale. The first in first out method is used to determine the cost basis of our equity securities sold. Available-for-sale securities are marked to market based on the fair values of the securities determined in accordance with ASC Section 820 (Fair Value Measurement), with the unrealized gains and losses, net of tax, reported as a component of Accumulated other comprehensive income (loss).
	Prepaid expenses
	Prepaid expenses consist primarily of prepaid rent and insurance.
	Concentrations
	We place cash with high quality financial institutions and at times may exceed the federally insured limits. We have not experienced a loss in such accounts nor do we expect any related losses in the near term.
	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 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, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization.
	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 included in the amortization base are depleted using the unit of production method based on proved reserves. Depletion is calculated using the capitalized costs 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 gain or loss recorded unless the ratio of cost to proved reserves would significantly change.
	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 exceed an aggregate of the present value of future net revenues attributable to proved oil and natural gas reserves discounted at 10 percent using current prices, plus the lower of cost or market value of unproved properties included in the amortization base, plus the cost of unevaluated properties, less any associated tax effects. Any excess of the net book value, less related deferred tax benefits, over the ceiling is written off as expense. Impairment expense recorded in one period may not be reversed in a subsequent period even though higher oil and gas prices may have increased the ceiling applicable to the subsequent period. We had no proved reserves as of October 31, 2013 and December 31, 2012; therefore, no impairment test was performed.
	Property and equipment, other than oil and gas
	Property and equipment are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related asset, generally three to five years. Fully depreciated assets are retained in property and accumulated depreciation accounts until they are removed from service. We perform ongoing evaluations of the estimated useful lives of the property and equipment for depreciation purposes. Maintenance and repairs are expensed as incurred.
	Property and equipment consist primarily of vehicles, office equipment and leasehold. We recognized depreciation expense of $3,414 and $34,886 for the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively.
	Impairment of long-lived assets
	We periodically review our long-lived assets, other than oil and gas property, for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. We recognize an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset's estimated fair value and its book value. We recorded no impairment on our non-oil and gas long-lived assets during the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively.
	Revenue recognition
	We recognize revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. Operating costs and taxes are recognized in the same period in which revenue is earned.
	Other income (expense)
	We earned net consulting income of $856,121 and $3,288,980 for the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively. This amount includes $531,625 and $3,192,677, respectively, earned from Hydrocarb Energy Corporation (See Note 4.). Consulting income represents income earned for geological consulting services and asset acquisition consulting. It is included in other income (expense) on the statement of operations as it does not represent revenue earned by the Company in the course of its normal operations.
	Income taxes
	We account for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Fair value
	Accounting standards regarding fair value of financial instruments define fair value, establish a three-level hierarchy which prioritizes and defines the types of inputs used to measure fair value, and establish disclosure requirements for assets and liabilities presented at fair value on the consolidated balance sheets.
	Fair value is the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants. A liability is quantified at the price it would take to transfer the liability to a new obligor, not at the amount that would be paid to settle the liability with the creditor.
	The three-level hierarchy is as follows:
		●	Level 1 inputs consist of unadjusted quoted prices for identical instruments in active markets.
		●	Level 2 inputs consist of quoted prices for similar instruments.
		●	Level 3 valuations are derived from inputs which are significant and unobservable and have the lowest priority.
	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The following table presents assets that were measured and recognized at fair value as of October 31, 2013 and December 31, 2012 and the periods then ended on a recurring and nonrecurring basis:
	31-Oct-13		Level 1			Level 2		Level 3		Total
										Realized
	Description									Loss
	Available for sale securities		$	3,515,171		$	—	$	—	$	—
	Totals		$	3,515,171		$	—	$	—	$	—
	December 31, 2012		Level 1			Level 2		Level 3		Total
										Realized
	Description									Loss
	Available for sale securities		$	1,173,000		$	—	$	—	$	—
	Totals		$	1,173,000		$	—	$	—	$	—
Earnings per share
We compute basic earnings per share using the weighted average number of shares of common stock outstanding during each period. For the ten months ended October 31, 2013 and the year ended December 31, 2012, there were no potential dilutive securities.
Contingencies
Environmental
We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.
Accumulated Other Comprehensive Income (Loss), net of tax
We follow the provisions of ASC 220, "Comprehensive Income", which establishes standards for reporting comprehensive income. In addition to net loss, comprehensive loss includes all changes to equity during a period, except those resulting from investments and distributions to the owners of the Company. The components of accumulated other comprehensive loss:
		Accumulated
		Other
		Comprehensive
		Loss
Accumulated other comprehensive loss at December 31, 2012		$	350,750
Reclassification into earnings			(350,750	)
Unrealized loss on available for sale securities			(74,396	)
Accumulated other comprehensive loss at October 31, 2013		$	(74,396	)
Recent accounting pronouncements
Income Taxes
In July 2013, the Financial Accounting Standards Board (FASB) amended the Income Taxes Topic of the Accounting Standards Codification (ASC) to eliminate diversity in practice for the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The amendment requires that the unrecognized tax benefit be presented as a reduction of the deferred tax assets associated with the carryforwards except in certain circumstances when it would be reflected as a liability. This amendment is effective for us beginning in 2014 and we are still evaluating the impact of adoption on our consolidated financial condition.
Foreign Currency
In March 2013, the FASB amended the Foreign Currency Matters Topic of the ASC to clarify the appropriate accounting when a parent ceases to have a controlling interest in a subsidiary or group of assets that is a business within a foreign entity. This clarification provides that the cumulative translation adjustment should only be released into net income if the loss of controlling interest represents complete or substantially complete liquidation of the foreign entity in which the subsidiary or asset group had resided. This amendment is effective for us starting with our first quarter of 2014 and adoption would impact our consolidated financial condition and results of operations if we dispose of a foreign entity.
Comprehensive Income
In February 2013, the FASB amended the Comprehensive Income Topic of the ASC to require reporting of amounts reclassified out of accumulated comprehensive income by component. We are required to present significant amounts reclassified to net income in their entirety by income statement line item and to cross reference any disclosure elsewhere in the notes for amounts reclassified in less than their entirety. We adopted this amendment effective January 1, 2013 and the appropriate disclosures are contained in Note 1.

Available_for_Sale_Securities

Available for Sale Securities	10 Months Ended
	Oct. 31, 2013
Available for Sale Securities [Abstract]	'
Available for Sale Securities	'
	Note 2 – Available for Sale Securities
	Beginning in August 2012, we owned marketable equity securities, which are classified as available for sale. Marketable securities consist of shares of common stock of Hydrocarb Energy Corporation.
	During the ten months ended October 31, 2013, we sold 575,000 shares of common stock of Hydrocarb Energy Corporation in exchange for a note receivable from an employee in the amount of $1,000,000 (See Note 4.). As a result, we recognized a realized gain on sale of available for sale securities of $177,750.
	As of October 31, 2013, we hold available for sale securities in the amount of $3,515,171. Available for sale securities consist of 1,859,879 shares of common stock of Hydrocarb Energy Corporation (formerly Duma Energy Corporation) with a cost basis of $3,589,567. As of October 31, 2013, we have recorded an unrecognized loss on available for sale securities in the amount of $74,396.
	As of December 31, 2012, we held available for sale securities in the amount of $1,173,000 which consisted of 575,000 shares of common stock of Hydrocarb Energy Corporation with a cost basis of $802,250. As of December 31, 2012, we had recorded an unrecognized gain on available for sale securities in the amount of $350,750 (see note 4).

Oil_and_Gas_Properties

Oil and Gas Properties	10 Months Ended
	Oct. 31, 2013
Oil and Gas Properties [Abstract]	'
Oil and Gas Properties	'
	Note 3 – Oil and Gas Properties
	Oil and natural gas properties as of October 31, 2013 and December 31, 2012 consisted of the following:
			October 31,		December 31,
			2013		2012
	Unevaluated properties			910,543		361,747
	Net oil and gas properties		$	910,543	$	361,747
	Unevaluated Properties
	Namibia, Africa.
	In 2011, we acquired a 90% (100% cost responsibility) working interest in a concession in Namibia, Africa. This property is a 5.3 million-acre concession in northern Namibia in Africa. During September 2012, we farmed out a 39% (43.33% cost responsibility) working interest) in the concession to Hydrocarb Energy Corporation. We are currently the operator and have retained a 51% (56.67% cost responsibility) working interest in the concession.
	Through October 31, 2013, we have incurred total costs of $910,543. The concession specifies the following minimum cost responsibilities on an 8/8ths basis:
		1)	Initial Exploration Period (expires September 2015): Perform a hydrocarbon potential study, gather and review existing technical data including reprocessing of seismic lines, and acquire and process 750 kilometers of new 2D seismic data.  The minimum expenditure is $4,505,000.
		2)	First renewal exploration period (two years from end of the initial exploration period): Acquire 200 square kilometers of 3D seismic data, interpret and map the data, design a drilling program, drill one well, conduct an environmental study, and relinquish 25% of the Exploration license area.  The minimum expenditure is $17,350,000.
		3)	Second Renewal (Production License) Exploration Period (25 years): report on reserves and production, conduct and environmental study. The minimum expenditure is $300,000.

Notes_Receivable_Related_Party

Notes Receivable - Related Party	10 Months Ended
	Oct. 31, 2013
Notes Receivable - Related Party [Abstract]	'
Notes Receivable - Related Party	'
	Note 4 – Notes Receivable – Related Party
	Hydrocarb Energy Corporation Note Receivable
	During September 2012, in conjunction with the farmout of the Namibia concession (See Note 3.), Hydrocarb Energy Corporation entered into a Consulting Services Agreement with the Company (the "Consulting Agreement"). The Consulting Agreement obligated Hydrocarb Energy Corporation to pay us a consulting fee (the "Fee") of $2,400,000 as follows:
	(a) $800,000 on September 6, 2012, which was 15 days from the date that the Minister of Mines and Energy consented to the assignment of 39% working interest in the Namibian concession to Hydrocarb Energy Corporation, and
	(b) $1,600,000 note payable, with principal payments of $800,000 each due on August 7, 2013 and August 7, 2014.
	Interest accrued on the principal amount at the rate of 5% per annum, calculated semi-annually and payable in arrears. At Hydrocarb Energy Corporation's sole discretion, it could pay the first tranche of the Fee and principal associated with the note payable using Hydrocarb Energy Corporation common stock. Hydrocarb Energy Corporation was required to pay a late fee of 10% per quarter for any outstanding balance of the Fee under the Consulting Agreement which will commence 30 calendar days from the date that the Fee or portion of the Fee is due, which by the terms of the Consulting Agreement may only be paid in cash.
	In October 2013, Hydrocarb Energy Corporation settled the then-outstanding $2,400,000 Fee, $480,000 of penalty income and $73,630 of interest and late fees associated with the receivable and $635,937 of joint interest billings owed to us by the issuance of 1,859,879 shares of Hydrocarb Energy Corporation common stock. The shares were valued at $3,589,567 which was the basis of the obligations settled. No gain or loss was recognized on the settlement. In addition, $25,000 of the related interest and fees was settled in cash.
	Note Receivable
	On September 6, 2013, we sold 575,000 shares of common stock of Hydrocarb Energy Corporation to an employee of the Company in exchange for a note receivable in the amount of $1,000,000. The note is non-interest bearing and is payable only upon the sale of the common stock to a third party or Hydrocarb Energy Corporation stock being listed on either the NASDAQ or NYSE stock exchanges. We will receive 95% of the proceeds up to $1,000,000 if the underlying stock is sold to a third party. Within 90 days of Hydrocarb Energy Corporation stock being listed on a major stock exchange, we will receive up to $1,000,000. Due to the terms of this arrangement, we determined that the gain on sale of this stock was contingent on the sales price at the time it is sold, and therefore represented a contingent gain.  Consequently, we recorded a deferred gain of $177,750.  (See Note 2 for additional discussion.)

Capital_Stock

Capital Stock	10 Months Ended
	Oct. 31, 2013
Capital Stock [Abstract]	'
Capital Stock	'
	Note 5 – Capital Stock
	Preferred stock
	On December 31, 2012, we issued 4,225 shares of Series A 7% Convertible Voting Preferred Stock (the "Series A Preferred Stock") to Kent Watts, our CEO, in order to cancel a convertible debenture owed to him.This series is voting and has a cash dividend rate of 7% per year, payable at conversion in either cash or shares of common stock, at the Company's option. The Series A Preferred Stock is convertible into common stock at a price of $2.00 per share and has common stock equivalent voting power. The Series A Preferred Stock has a stated value of $400 per share which resulted in a total stated value of $1,690,000.
	During the ten months ended October 31, 2013, the holder of the Series A Preferred Stock earned dividends of $108,441. As of October 31, 2013, these dividends have not been accrued as liabilities since they were not declared by the Company. Dividends for the year ended December 31, 2012 were not material.
	Common stock
	On August 27, 2013, we issued 6,559,257 shares of common stock in exchange for a stock subscription receivable, which was paid prior to October 31, 2013.

Related_Party_Transactions

Related Party Transactions	10 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 6 – Related Party Transactions
	7% Convertible Debenture
	On April 11, 2012, the Company entered into 7% Convertible Debenture due April 11, 2017 (the "Convertible Debenture") payable to Kent Watts, our CEO. The Convertible Debenture provided for borrowing up to $2,000,000 from Mr. Watts. On April 11, 2012, the amount owed to him was $854,746 from prior advances which he had made to the Company for working capital purposes.
	During the period from April 11, 2012 through December 31, 2012, Mr. Watts advanced an additional $835,254 for a total amount owed to him of $1,690,000. On December 31, 2012, all principal amounts owed under the Convertible Debenture were converted in the Series A Preferred Stock (See Note 5).
	During the year ended December 31, 2012, we accrued interest in the amount of $62,972 on the Convertible Debenture. This amount remains unpaid as of October 31, 2013 and is included in accrued interest payable on the balance sheet.
	Accounts payable – related party
	During the ten months ended October 31, 2013, Mr. Watts advanced $1,329,250 to the Company for working capital purposes. As of October 31, 2013, $1,338,364 is owed to Mr. Watts for advances and is included in accounts payable – related party on the balance sheet.

Income_Taxes

Income Taxes	10 Months Ended
	Oct. 31, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 7 - Income Taxes
	The reconciliation of our income tax provision at the statutory rate to the reported income tax expense is as follows:
		Ten months			Year ended December 31, 2012
		ended
		October 31,
		2013
	Tax expense at US statutory federal rate		27,000			753,000
	Use of net operating loss carryforward		(132,000	)		-
	Temporary difference in valuation of stock received for consulting services		-			(1,103,000	)
	Change in valuation allowance		105,000			350,000
	Reported income tax expense		-			-
	Our deferred income taxes reflect the net tax effects of operating loss and tax credit carry forwards and temporary differences between carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible.
	Components of deferred tax assets as of October 31, 2013 and December 31, 2012 are as follows:
		October 31,			December 31,
		2013			2012
	Net operating loss carry-forward		284,000			673,000
	Valuation allowance for deferred tax assets		(284,000	)		(673,000	)
		$	—		$	—
	The valuation allowance is evaluated at the end of each year, considering positive and negative evidence about whether the deferred tax asset will be realized. At that time, the allowance will either be increased or reduced; reduction could result in the complete elimination of the allowance if positive evidence indicates that the value of the deferred tax assets is no longer impaired and the allowance is no longer required.
	We have no positions for which it is reasonable that the total amounts of unrecognized tax benefits at October 31, 2013 will significantly increase or decrease within 12 months.
	Generally, our income tax years 2010 through 2013 remain open and subject to examination by Federal tax authorities or the tax authorities in Texas which are the jurisdictions where we have our principal operations. No material amounts of the unrecognized income tax benefits have been identified to date that would impact our effective income tax rate.
	As of October 31, 2013, we had approximately $284,000 of U.S. federal and state net operating loss carry-forward ("NOLs") available to offset future taxable income, which begins expiring in 2025, if not utilized. Future tax benefits that may arise as a result of these losses have not been recognized in these financial statements.  The deferred tax asset generated by the loss carry-forward has been fully reserved due to the uncertainty we will be able to realize the benefit from it.
	Our ability to use our NOLs would be limited if it was determined that we underwent an "ownership change" under Section 382 ("Section 382") of the Internal Revenue Code. Based upon the information available to us, along with our evaluation of various scenarios, we believe that our acquisition by Hydrocarb Energy Corporation in December 2013 may cause us to experience an "ownership change".

Commitments_and_Contingencies

Commitments and Contingencies	10 Months Ended
	Oct. 31, 2013
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	Note 8 - Commitments and Contingencies
	Contingencies
	Legal
	We are subject to legal proceedings, claims and liabilities which arise in the ordinary course of business. We accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to expense as they are incurred.
	Environmental
	We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.

Subsequent_Events

Subsequent Events	10 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 9 – Subsequent Events
	On December 3, 2013, we issued 3,963 shares of our Series A Preferred Stock to Kent Watts, our CEO, in order to cancel amounts owed to him for advances he made to the Company in the amount of $1,585,200.The Series A Preferred Stock has a stated value of $400 per share which resulted in a total stated value of $1,585,200.
	On December 4, 2013, the Company sold the 1,859,879 shares of Hydrocarb Energy Corporation common stock for $1,859,879. The purchase price is to be paid to the Company within (1) one week of the sale of the stock to a third party or (2) within 60 days of the six month anniversary of the December 4, 2013 stock sale or the date that the shares become unrestricted.
	On December 9, 2013, the shareholders of the Company closed on a Stock Exchange Agreement with Hydrocarb Energy Corporation (formerly Duma Energy Corporation). As a result of this transaction, we became a wholly owned subsidiary of Hydrocarb Energy Corporation. All common stock and preferred stock of the Company was exchanged for an aggregate of 25,190,000 shares of common stock and 8,188 shares of preferred stock of Hydrocarb Energy Corporation.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)

10 Months Ended

Oct. 31, 2013

Description of Business and Summary of Significant Accounting Policies [Abstract]

'

Description of business and basis of presentation

'

Description of business and basis of presentation

Hydrocarb Corporation ("we", "us", "Hydrocarb", the "Company") was incorporated in the state of Nevada in December 2009 for the purpose of oil and gas exploration, development, and production onshore the Republic of Namibia. We own 100% of Hydrocarb Texas Corporation, a Texas corporation ("HCT"), Hydrocarb Namibia Energy (Proprietary) Limited, a Namibia corporation ("HNA"), and Hydrocarb Guinea SARL, a Republic of Guinea Corporation ("HG"). In addition, we own 95% of Otaiba Hydrocarb LLC, domiciled in Abu Dhabi, United Arab Emirates ("Otaiba"). The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("US GAAP") and the rules of the Securities and Exchange Commission ("SEC").

Principles of consolidation

'

Principles of consolidation

The accompanying consolidated financial statements include the accounts of Hydrocarb; our wholly owned subsidiaries, HCT, HNA and HG; and our majority owned subsidiary, Otaiba Hydrocarb. All significant intercompany accounts and transactions have been eliminated in consolidation.

Noncontrolling interests

'

Noncontrolling interests

Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest. We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity's economic performance. The ownership interests in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent's equity, as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation.

Exploration Stage Company

'

Exploration Stage Company

The Company's financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as it devotes substantially all of its efforts to acquiring and exploring oil and gas interests that management believes should eventually provide sufficient net profits to sustain the Company's existence. Until such interests are engaged in commercial production, the Company will continue to prepare its consolidated financial statements and related disclosures in accordance with this standard.

Use of estimates

'

Use of estimates

The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. We base our estimates and judgments on historical experience and on various other assumptions and information that we believe to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes.

Significant areas requiring management's estimates and assumptions include the determination of the fair value of transactions involving stock-based compensation and financial instruments

Actual results may differ from the estimates and assumptions used in the preparation of our consolidated financial statements.

Cash and cash equivalents

'

Cash and cash equivalents

Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.

Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.

Receivables and allowance for doubtful accounts

'

Receivables and allowance for doubtful accounts

Accounts receivable are recorded at the invoiced amount and do not bear any interest. We regularly review collectability and establish or adjust an allowance for uncollectible amounts as necessary using the specific identification method. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Management has determined that a reserve for uncollectible amounts was not required in the periods presented.

Accounts receivable – related party includes amounts owed to the Company from employees and other related parties.

Available for sale securities

'

Available for sale securities

We invest in marketable equity securities which are classified as available for sale. The first in first out method is used to determine the cost basis of our equity securities sold. Available-for-sale securities are marked to market based on the fair values of the securities determined in accordance with ASC Section 820 (Fair Value Measurement), with the unrealized gains and losses, net of tax, reported as a component of Accumulated other comprehensive income (loss).

Prepaid expenses

'

Prepaid expenses

Prepaid expenses consist primarily of prepaid rent and insurance.

Concentrations

'

Concentrations

We place cash with high quality financial institutions and at times may exceed the federally insured limits. We have not experienced a loss in such accounts nor do we expect any related losses in the near term.

Oil and natural gas properties

'

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 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, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization.

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 included in the amortization base are depleted using the unit of production method based on proved reserves. Depletion is calculated using the capitalized costs 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 gain or loss recorded unless the ratio of cost to proved reserves would significantly change.

Impairment

'

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 exceed an aggregate of the present value of future net revenues attributable to proved oil and natural gas reserves discounted at 10 percent using current prices, plus the lower of cost or market value of unproved properties included in the amortization base, plus the cost of unevaluated properties, less any associated tax effects. Any excess of the net book value, less related deferred tax benefits, over the ceiling is written off as expense. Impairment expense recorded in one period may not be reversed in a subsequent period even though higher oil and gas prices may have increased the ceiling applicable to the subsequent period. We had no proved reserves as of October 31, 2013 and December 31, 2012; therefore, no impairment test was performed.

Property and equipment, other than oil and gas

'

Property and equipment, other than oil and gas

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related asset, generally three to five years. Fully depreciated assets are retained in property and accumulated depreciation accounts until they are removed from service. We perform ongoing evaluations of the estimated useful lives of the property and equipment for depreciation purposes. Maintenance and repairs are expensed as incurred.

Property and equipment consist primarily of vehicles, office equipment and leasehold. We recognized depreciation expense of $3,414 and $34,886 for the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively.

Impairment of long-lived assets

'

Impairment of long-lived assets

We periodically review our long-lived assets, other than oil and gas property, for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. We recognize an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset's estimated fair value and its book value. We recorded no impairment on our non-oil and gas long-lived assets during the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively.

Revenue recognition

'

Revenue recognition

We recognize revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. Operating costs and taxes are recognized in the same period in which revenue is earned.

Other income (expense)

'

Other income (expense)

We earned net consulting income of $856,121 and $3,288,980 for the ten months ended October 31, 2013 and the year ended December 31, 2012, respectively. This amount includes $531,625 and $3,192,677, respectively, earned from Hydrocarb Energy Corporation (See Note 4.). Consulting income represents income earned for geological consulting services and asset acquisition consulting. It is included in other income (expense) on the statement of operations as it does not represent revenue earned by the Company in the course of its normal operations.

Income taxes

'

Income taxes

We account for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Fair value

'

Fair value

Accounting standards regarding fair value of financial instruments define fair value, establish a three-level hierarchy which prioritizes and defines the types of inputs used to measure fair value, and establish disclosure requirements for assets and liabilities presented at fair value on the consolidated balance sheets.

Fair value is the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants. A liability is quantified at the price it would take to transfer the liability to a new obligor, not at the amount that would be paid to settle the liability with the creditor.

The three-level hierarchy is as follows:

●

Level 1 inputs consist of unadjusted quoted prices for identical instruments in active markets.

●

Level 2 inputs consist of quoted prices for similar instruments.

●

Level 3 valuations are derived from inputs which are significant and unobservable and have the lowest priority.

Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following table presents assets that were measured and recognized at fair value as of October 31, 2013 and December 31, 2012 and the periods then ended on a recurring and nonrecurring basis:

31-Oct-13

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Available for sale securities

$

3,515,171

$

-

$

-

$

-

Totals

$

3,515,171

$

-

$

-

$

-

31-Dec-12

Total

Realized

Description

Level 1

Level 2

Level 3

Loss

Available for sale securities

$

1,173,000

$

-

$

-

$

-

Totals

$

1,173,000

$

-

$

-

$

-

Earnings per share

'

Earnings per share

We compute basic earnings per share using the weighted average number of shares of common stock outstanding during each period. For the ten months ended October 31, 2013 and the year ended December 31, 2012, there were no potential dilutive securities.

Contingencies

'

Contingencies

Environmental

We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.

Accumulated Other Comprehensive Income (Loss), net of tax

'

Accumulated Other Comprehensive Income (Loss), net of tax

We follow the provisions of ASC 220, "Comprehensive Income", which establishes standards for reporting comprehensive income. In addition to net loss, comprehensive loss includes all changes to equity during a period, except those resulting from investments and distributions to the owners of the Company. The components of accumulated other comprehensive loss:

Accumulated

Other

Comprehensive

Loss

Accumulated other comprehensive loss at December 31, 2012

$

350,750

Reclassification into earnings

(350,750

)

Unrealized loss on available for sale securities

(74,396

)

Accumulated other comprehensive loss at October 31, 2013

$

(74,396

)

Recent accounting pronouncements

'

Recent accounting pronouncements

Income Taxes

In July 2013, the Financial Accounting Standards Board (FASB) amended the Income Taxes Topic of the Accounting Standards Codification (ASC) to eliminate a diversity in practice for the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The amendment requires that the unrecognized tax benefit be presented as a reduction of the deferred tax assets associated with the carryforwards except in certain circumstances when it would be reflected as a liability. This amendment is effective for us beginning in 2014 and we are still evaluating the impact of adoption on our consolidated financial condition.

Foreign Currency

In March 2013, the FASB amended the Foreign Currency Matters Topic of the ASC to clarify the appropriate accounting when a parent ceases to have a controlling interest in a subsidiary or group of assets that is a business within a foreign entity. This clarification provides that the cumulative translation adjustment should only be released into net income if the loss of controlling interest represents complete or substantially complete liquidation of the foreign entity in which the subsidiary or asset group had resided. This amendment is effective for us starting with our first quarter of 2014 and adoption would impact our consolidated financial condition and results of operations if we dispose of a foreign entity.

Comprehensive Income

In February 2013, the FASB amended the Comprehensive Income Topic of the ASC to require reporting of amounts reclassified out of accumulated comprehensive income by component. We are required to present significant amounts reclassified to net income in their entirety by income statement line item and to cross reference any disclosure elsewhere in the notes for amounts reclassified in less than their entirety. We adopted this amendment effective January 1, 2013 and the appropriate disclosures are contained in Note 1.

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Tables)	10 Months Ended
	Oct. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Assets measured and recognized at fair value on recurring and nonrecurring basis	'
	The following table presents assets that were measured and recognized at fair value as of October 31, 2013 and December 31, 2012 and the periods then ended on a recurring and nonrecurring basis:
	31-Oct-13											Total
												Realized
	Description	Level 1				Level 2			Level 3			Loss
	Available for sale securities		$	3,515,171			$	-		$	-		$	-
	Totals		$	3,515,171			$	-		$	-		$	-
	31-Dec-12											Total
												Realized
	Description	Level 1				Level 2			Level 3			Loss
	Available for sale securities		$	1,173,000			$	-		$	-		$	-
	Totals		$	1,173,000			$	-		$	-		$	-
Components of accumulated other comprehensive loss	'
	We follow the provisions of ASC 220, "Comprehensive Income", which establishes standards for reporting comprehensive income. In addition to net loss, comprehensive loss includes all changes to equity during a period, except those resulting from investments and distributions to the owners of the Company. The components of accumulated other comprehensive loss:
			Accumulated
			Other
			Comprehensive
			Loss
	Accumulated other comprehensive loss at December 31, 2012		$	350,750
	Reclassification into earnings			(350,750	)
	Unrealized loss on available for sale securities			(74,396	)
	Accumulated other comprehensive loss at October 31, 2013		$	(74,396	)

Oil_and_Gas_Properties_Tables

Oil and Gas Properties (Tables)	10 Months Ended
	Oct. 31, 2013
Oil and Gas Properties [Abstract]	'
Schedule of Oil and Natural Gas Properties	'
	Oil and natural gas properties as of October 31, 2013 and December 31, 2012 consisted of the following:
		October 31,		December 31,
		2013		2012
	Unevaluated properties		910,543		361,747
	Net oil and gas properties	$	910,543	$	361,747

Income_Taxes_Tables

Income Taxes (Tables)	10 Months Ended
	Oct. 31, 2013
Income Taxes [Abstract]	'
Reconciliation of income tax provision at statutory rate to reported income tax expense	'
	The reconciliation of our income tax provision at the statutory rate to the reported income tax expense is as follows:
		Ten months			Year ended December 31, 2012
		ended
		October 31,
		2013
	Tax expense at US statutory federal rate		27,000			753,000
	Use of net operating loss carryforward		(132,000	)		-
	Temporary difference in valuation of stock received for consulting services		-			(1,103,000	)
	Change in valuation allowance		105,000			350,000
	Reported income tax expense		-			-
Components of deferred tax assets	'
	Components of deferred tax assets as of October 31, 2013 and December 31, 2012 are as follows:
		31-Oct-13			31-Dec-12
	Net operating loss carry-forward		284,000			673,000
	Valuation allowance for deferred tax assets		(284,000	)		(673,000	)
		$	-		$	-

Description_of_Business_and_Su3

Description of Business and Summary of Significant Accounting Policies (Details) (USD $)	7 Months Ended	10 Months Ended	12 Months Ended
	Jul. 31, 2013	Oct. 31, 2013	Dec. 31, 2012
Impairment [Abstract]	'	'	'
Proved reserves	'	$0	$0
Discount rate to calculate present value of future net revenues	'	10.00%	'
Property, Plant and Equipment [Line Items]	'	'	'
Depreciation amortization	'	3,414	34,886
Impairment of long-lived assets [Abstract]	'	'	'
Impairment of oil and gas long-lived assets	'	0	0
Revenue Recognition [Abstract]	'	'	'
Consulting and Other Income	'	856,121	3,288,980
Consulting and other income - Hydrocarb Energy Corporation	'	531,625	3,192,677
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Available for sale securities, Total Realized Loss	'	0	0
Earnings per share [Abstract]	'	'	'
Potential dilutive securities (in shares)	'	0	0
Accumulated Other Comprehensive Income (Loss), net of tax [Abstract]	'	'	'
Accumulated other comprehensive loss at December 31, 2012	350,750	350,750	'
Reclassification into earnings	-350,750	425,146	-350,750
Unrealized loss on available for sale securities	-74,396	-74,396	350,750
Accumulated other comprehensive loss at July 31, 2013	-74,396	-74,396	350,750
Level 1 [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Available for sale securities	'	3,515,171	1,173,000
Totals	'	3,515,171	1,173,000
Level 2 [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Available for sale securities	'	0	0
Totals	'	0	0
Level 3 [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Available for sale securities	'	0	0
Totals	'	$0	$0
Minimum [Member]	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'
Useful life of property and equipment	'	'3 years	'
Maximum [Member]	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'
Useful life of property and equipment	'	'5 years	'
Hydrocarb Texas Corporation [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Ownership percentage (in hundredths)	'	100.00%	'
Otaiba Hydrocarb LLC [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Ownership percentage (in hundredths)	'	95.00%	'

Available_for_Sale_Securities_

Available for Sale Securities (Details) (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]	'	'
Common stock, outstanding (in shares)	68,881,807	62,322,550
Hydrocarb Energy Corporation [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Realized gain on sale of available for sale securities	$177,750	'
Issuance of common stock (in shares)	1,859,879	'
Notes receivable	1,000,000	'
Available for sale securities	3,515,171	1,173,000
Common stock, outstanding (in shares)	1,859,879	575,000
Available-for-sale securities cost basis	3,589,567	802,250
Unrecognized loss on available for sale securities	$74,396	$350,750
Hydrocarb Energy Corporation [Member] | Employee [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Issuance of common stock (in shares)	575,000	'

Oil_and_Gas_Properties_Details

Oil and Gas Properties (Details) (USD $)	Oct. 31, 2013	Dec. 31, 2012	Oct. 31, 2013	Sep. 30, 2012	Dec. 31, 2011
			Namibia, Africa [Member]	Namibia, Africa [Member]	Namibia, Africa [Member]
			acre
Oil and natural gas properties [Abstract]	'	'	'	'	'
Unevaluated properties	$910,543	$361,747	'	'	'
Net oil and gas properties	910,543	361,747	'	'	'
Oil And Gas Properties [Line Items]	'	'	'	'	'
Ownership percentage (in hundredths)	'	'	51.00%	39.00%	90.00%
Cost responsibility percentage (in hundredths)	'	'	56.67%	43.33%	100.00%
Number of acres included in oil and gas property	'	'	5,300,000	'	'
Initial exploration period	'	'	30-Sep-15	'	'
Minimum cost responsibilities during initial exploration period	'	'	4,505,000	'	'
First renewal exploration period	'	'	'2 years	'	'
Percentage of relinquish exploration license area (in hundredths)	'	'	25.00%	'	'
Minimum cost responsibilities during the first renewal exploration period	'	'	17,350,000	'	'
Second renewal exploration period	'	'	'25 years	'	'
Minimum cost responsibilities during the second renewal exploration period	'	'	$300,000	'	'

Notes_Receivable_Related_Party1

Notes Receivable - Related Party (Details) (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Issuance of common stock, value	'	$1,690,000
Deferred gain on available for sale securities	177,750	'
Employee [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Notes receivable	1,000,000	'
Percentage of proceeds received from issuance of common stock (in hundredths)	95.00%	'
Hydrocarb Energy Corporation [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Consulting fee receivable	2,400,000	'
Amount payable	'	800,000
Period for payment from the date of assignment consented by ministry (in years)	'	'15 years
Percentage of working interest assigned (in hundredths)	'	39.00%
Notes payable	'	1,600,000
Amount payable in current year	'	800,000
Amount payable in year two	'	800,000
Interest rate (in hundredths)	'	5.00%
Rate of late fee (in hundredths)	'	10.00%
Period after which late fee to be charged (in days)	'	'30 days
Penalty income on notes payable	480,000	'
Interest and late fees income	73,630	'
Issuance of common stock (in shares)	1,859,879	'
Joint interest billings	635,937	'
Issuance of common stock, value	3,589,567	'
Proceeds from interest and fees received	$25,000	'
Period of stock being listed for amount receivable (in days)	'90 days	'
Hydrocarb Energy Corporation [Member] | Employee [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Issuance of common stock (in shares)	575,000	'

Capital_Stock_Details

Capital Stock (Details) (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Capital Stock [Abstract]	'	'
Preferred stock, issued (in shares)	4,225	4,225
Dividend rate on Series A Preferred Stock (in hundredths)	'	7.00%
Share conversion price (in dollars per share)	'	$2
Stated value per share (in dollars per share)	$400	$400
Preferred stock stated value	$1,690,000	$1,690,000
Interest expense on Series A Preferred Stock	$108,441	'
Issuance of common stock (in shares)	6,559,257	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Oct. 31, 2013	Dec. 31, 2012	Oct. 31, 2013	Apr. 11, 2012	Dec. 31, 2012
			Kent Watts [Member]	Kent Watts [Member]	Kent Watts [Member]
				7% Convertible Debenture [Member]	7% Convertible Debenture [Member]
7% Convertible Debenture [Abstract]	'	'	'	'	'
Interest rate on debenture (in hundredths)	'	'	'	7.00%	'
Due date	'	'	'	11-Apr-17	'
Maximum borrowing capacity	'	'	'	$2,000,000	'
Total amount owed	'	'	'	854,746	1,690,000
Additional amount advanced	'	'	'	'	835,254
Accrued interest payable on debenture	'	'	'	'	62,972
Accounts payable - related party [Abstract]	'	'	'	'	'
Accounts payable to related party	$1,338,658	$9,408	$1,329,250	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	10 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2012
Reconciliation of income tax provision at statutory rate to reported income tax expense [Abstract]	'	'
Tax expense at US statutory federal rate	$27,000	$753,000
Use of net operating loss carryforward	-132,000	0
Consulting income paid in common stock	0	-1,103,000
Change in valuation allowance	105,000	350,000
Reported income tax expense	0	0
Components of deferred tax assets [Abstract]	'	'
Net operating loss carry-forward	284,000	673,000
Valuation allowance for deferred tax assets	-284,000	-673,000
Deferred tax assets, net	0	0
Significant change in unrecognized tax benefits is reasonably possible, amount of unrecorded benefit	0	'
Unrecognized income tax benefits	0	'
U.S. federal [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Net operating loss carryforwards	284,000	'
Operating loss carryforwards, expiration date	31-Dec-25	'
State [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Net operating loss carryforwards	$284,000	'
Operating loss carryforwards, expiration date	31-Dec-25	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	12 Months Ended		10 Months Ended	0 Months Ended
	Dec. 31, 2012	Oct. 31, 2013	Oct. 31, 2013	Dec. 03, 2013	Dec. 09, 2013	Dec. 04, 2013	Dec. 09, 2013
			Hydrocarb Energy Corporation [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
				Kent Watts [Member]	Hydrocarb Energy Corporation [Member]	Hydrocarb Energy Corporation [Member]	Hydrocarb Energy Corporation [Member]
				Series A Preferred Stock [Member]	Series A Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'
Shares issued (in shares)	'	'	1,859,879	3,963	'	1,859,879	'
Shares issued, amount	$1,690,000	'	$3,589,567	$1,585,200	'	$1,859,879	'
Preferred stock, stated value (in dollars per share)	$400	$400	'	$400	'	'	'
Preferred stock, $400 par value, 10,000 shares authorized, 4,225 shares issued and outstanding at October 31, 2013 and December 31, 2012	$1,690,000	$1,690,000	'	$1,585,200	'	'	'
Period under which purchase price of stock to be paid	'	'	'	'	'	'7 days	'
Period under which purchase price of stock to be paid within six month anniversary	'	'	'	'	'	'60 days	'
Stock exchanged during period (in shares)	'	'	'	'	8,188	'	25,190,000