Sable Natural Resources (SNREQ) 10-Q 30 Sep 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Aug. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'NYTEX Energy Holdings, Inc.	'
Entity Central Index Key	'0001475899	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	34,879,168
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$103,013	$93,728
Accounts receivable, net	89,627	76,696
Prepaid expenses and other	58,555	82,027
Total current assets	251,195	252,451
Restricted cash	3,120,026	3,119,949
Oil & gas properties and equipment, net	901,944	934,486
Deposits and other	56,134	56,134
Total assets	4,329,299	4,363,020
Current liabilities:	'	'
Accounts payable and accrued expenses	570,348	597,830
Revenues payable	1,032	7,837
Debt - current portion	672,225	289,891
Total current liabilities	1,243,605	895,558
Other liabilities:	'	'
Debt	168,554	128,807
Derivative liabilities	2,510	2,510
Asset retirement obligation	7,199	7,199
Total liabilities	1,421,868	1,034,074
Commitments and contingencies	'	'
Mezzanine equity:	'	'
Preferred stock, Series A convertible, $0.001 par value; and redemption value of 3,724,004 at March 31, 2014 and December 31, 2013	3,724,004	3,724,004
Stockholders’ equity (deficit):	'	'
Common stock, $0.001 par value; 200,000,000 shares authorized; 27,816,307 shares issued and 26,815,266 outstanding at March 31, 2014 and 27,729,736 shares issued and 26,728,695 outstanding at December 31, 2013	27,865	27,730
Additional paid-in capital	20,634,986	20,615,409
Treasury stock, at cost: 1,001,041 shares at March 31, 2014 and December 31, 2013	-1,860,233	-1,860,233
Accumulated deficit	-19,613,997	-19,172,770
Accumulated other comprehensive loss	-5,194	-5,194
Total stockholders’ equity (deficit)	-816,573	-395,058
Total liabilities and stockholders’ equity (deficit)	$4,329,299	$4,363,020

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, redemption value (in dollars)	$3,724,004	$3,724,004
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	27,816,307	27,729,736
Common stock, shares outstanding	26,815,266	26,728,695
Treasury stock, shares	1,001,041	1,001,041

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Land services	$1,074	$330,382
Oil and gas sales	48,133	119,191
Sale of oil and gas interests	27,260	0
Total revenues	76,467	449,573
Operating expenses:	'	'
Oil & gas lease operating expenses	37,113	107,018
Exploration	30,950	0
Depreciation, depletion, and amortization	9,936	5,062
Selling, general, and administrative expenses	362,390	994,801
Total operating expenses	440,389	1,106,881
Loss from operations	-363,922	-657,308
Other income (expense):	'	'
Interest and dividend income	77	7,332
Loss on sale of securities	0	585
Interest expense	-77,382	-18,359
Total other expense	-77,305	-10,442
Loss before income taxes	-441,227	-667,750
Income tax benefit (provision)	0	-1,810
Net loss	($441,227)	($669,560)
Basic and diluted earnings per share:	'	'
Net loss (usd per share)	($0.02)	($0.03)
Weighted average shares outstanding	'	'
Basic and diluted (in shares)	26,755,408	26,657,389

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net loss to common stockholders	($441,227)	($669,560)
Other comprehensive income	'	'
Unrealized holding loss on securities available for sale	0	-2,696
Other comprehensive loss	0	-2,696
Comprehensive loss to common stockholders	($441,227)	($672,256)

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2013	($395,058)	$27,730	$20,615,409	($1,860,233)	($19,172,770)	($5,194)
Balance (in shares) at Dec. 31, 2013	'	27,729,736	'	1,001,041	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Shares issued with promissory notes	14,207	112	14,095	'	'	'
Shares issued with promissory notes (in shares)	'	112,500	'	'	'	'
Shares issued for share based compensation and services	5,505	23	5,482	'	'	'
Shares issued for share based compensation and services (in shares)	'	24,071	'	'	'	'
Treasury Shares acquired (in shares)	1,450	'	'	'	'	'
Comprehensive income (loss):	'	'	'	'	'	'
Net loss	-441,227	'	'	'	-441,227	'
Comprehensive loss to common stockholders	-441,227	'	'	'	'	'
Balance at Mar. 31, 2014	($816,573)	$27,865	$20,634,986	($1,860,233)	($19,613,997)	($5,194)
Balance (in shares) at Mar. 31, 2014	'	27,866,307	'	1,001,041	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net loss	($441,227)	($669,560)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation, depletion, and amortization	9,936	4,960
Share-based compensation	5,505	37,345
Share-based debt issuance costs	11,249	0
Accretion of discount on asset retirement obligations	0	102
Amortization of debt discount	16,482	16,449
Gain on sale of oil and gas interest	-27,260	0
Loss on sale of securities	0	-585
Change in working capital:	'	'
Accounts receivable	-12,931	1,978,949
Inventories	0	0
Prepaid expenses and other	23,472	-25,324
Accounts payable and accrued expenses	-27,482	-226,361
Deposits held in trust	0	586,714
Revenues payable	-6,805	-110,634
Net cash provided by (used in) operating activities	-449,061	1,592,055
Cash flows from investing activities:	'	'
Additions to property and equipment	0	-37,514
Proceeds from sale of oil and gas properties	67,238	93,736
Investments in oil and gas properties	-17,372	-879,469
Restricted cash	-77	-154
Purchase of marketable securities	0	-2,580
Net cash provided by (used in) investing activities	49,789	-825,981
Cash flows from financing activities:	'	'
Issuance of 12% convertible debentures	250,000	0
Borrowings under notes payable	200,000	0
Payments on notes payable	-41,443	-84,783
Net cash provided by (used in) financing activities	408,557	-84,783
Net increase in cash and cash equivalents	9,285	681,291
Cash and cash equivalents at beginning of period	93,728	1,484,386
Cash and cash equivalents at end of period	$103,013	$2,165,677

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	General
	NYTEX Energy Holdings, Inc. d/b/a Sable Natural Resources (“Sable”) is an energy holding company with principal operations centralized in its wholly-owned subsidiary, NYTEX Petroleum, Inc. which changed its name to Sable Operating Company, Inc. (“Sable Operating”) on July 16, 2014.  Sable Operating is an early-stage exploration and production company engaged in the acquisition, development, and production of oil and natural gas reserves from low-risk, high rate-of-return wells in carbonate reservoirs.
	Basis of Presentation
	The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information.  These financial statements include the accounts of Sable and entities in which it holds a controlling interest.  All intercompany accounts and transactions have been eliminated in consolidation.  Investments in non-controlled entities over which we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method.  In applying the equity method of accounting, the investments are initially recognized at cost, and subsequently adjusted for our proportionate share of earnings and losses and distributions.
	The interim financial data as of March 31, 2014 and for the three months ended March 31, 2014 and 2013 is unaudited; in the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary to a fair statement of the results for the interim periods.  The consolidated results of operations for the three months ended March 31, 2014 and 2013 are not necessarily indicative of the results to be expected for the full year.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto as filed in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Liquidity
	We cannot be certain that our existing sources of cash will be adequate to meet our liquidity requirements, including cash requirements that may be due under existing debt obligations as well as amounts due to our vendors in the normal course of business. For the three months ended March 31, 2014, we incurred a net loss of $441,227, and have an accumulated deficit totaling $19,613,997, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.
	We intend to seek substantial sources of liquidity. In addition, management has implemented plans to improve liquidity through cash flows generated from development of new business initiatives within the oil & gas industry and improvements to results from existing operations. There can be no assurance that we will be successful with our plans or that our results of operations will materially improve in either the short-term or long-term and accordingly, we may be unable to meet our obligations as they become due.
	A fundamental principle of the preparation of financial statements in accordance with generally accepted accounting principles is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business. This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent. In accordance with this requirement, our policy is to prepare our consolidated financial statements on a going concern basis unless we intend to liquidate or have no other alternative but to liquidate. Our consolidated financial statements have been prepared on a going concern basis and do not reflect any adjustments that might specifically result from the outcome of this uncertainty.
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. Management evaluates its estimates and related assumptions regularly, including those related to proved reserves; the value of properties and equipment; goodwill; intangible assets; asset retirement obligations; litigation liabilities; environmental liabilities; pension assets, liabilities, and costs; income taxes; and fair values. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.
	Recently Issued Accounting Standards
	The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the criteria for reporting discontinued operations and requires additional disclosures, both for discontinued operations and for individually significant dispositions and assets classified as held for sale not qualifying as discontinued operations. The ASU is effective for annual and interim periods beginning in 2015. Early adoption is permitted for disposals or for assets classified as held for sale that have not been reported in previously issued financial statements. Sable elected to early adopt the ASU on a prospective basis for the quarter ended March 31, 2014. The adoption did not have a material impact on the Company’s consolidated financial statements.
	The FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset, except in certain circumstances as described in the ASU. The ASU is effective for annual and interim periods beginning in 2014. See Note 9 —Income Taxes. The adoption did not have a material impact on the Company's consolidated financial statements.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
PROPERTY AND EQUIPMENT	'
	PROPERTY AND EQUIPMENT
	Property and equipment, which includes our oil and gas properties at March 31, 2014 and December 31, 2013 consist of the following:
		March 31, 2014			December 31, 2013
	Oil and gas properties - proved	$	383,708		$	388,937
	Oil and gas properties - unproved	667,168			684,560
	Total oil and gas properties	1,050,876			1,073,497
	Furniture, fixtures, and equipment	138,378			138,378
	Total property and equipment	1,189,254			1,211,875
	Accumulated DD&A	(287,310		)	(277,389		)
	Property and equipment, net	$	901,944		$	934,486
	Depreciation and depletion related to our property and equipment was $9,936 and $4,960 for the three months ended March 31, 2014 and 2013, respectively.

DERIVATIVE_LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
DERIVATIVE LIABILITIES	'
	DERIVATIVE LIABILITIES
	At March 31, 2014, we had one derivative liability on our consolidated balance sheet which was related to the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock.  The agreement setting forth the terms of the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock includes an anti-dilution provision that requires a reduction in the instrument’s exercise price should subsequent at-market issuances of the Company’s common stock be issued below the instrument’s original exercise price of $2.00 per share.  Accordingly, we consider the warrants to be a derivative.  As a result, the fair value of this derivative is included as a derivative liability on the accompanying consolidated balance sheets.  At both March 31, 2014 and December 31, 2013, the fair value of the warrants issued to the holders of the Series A Convertible Preferred Stock was $2,510.
	Changes in fair value of the derivative liabilities are included as a separate line item within other income (expense) in the accompanying consolidated statement of operations for the three months ended March 31, 2014 and 2013, and are not taxable or deductible for income tax purposes.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	A summary of our outstanding debt obligations as of March 31, 2014 and December 31, 2013 is presented as follows:
		31-Mar-14			December 31,
					2013
	12.0% Convertible Debentures	$	247,075		$	—
	Secured Bridge Loans	200,000			—
	Promissory Note (non-interest bearing, net of discount) due October 2015	214,330			200,051
	Promissory Note (non-interest bearing, net of discount) due December 2015	140,848			160,969
	5.74% Insurance Financing due August 2014	27,399			45,211
	7.5% Secured Equipment Loan due March 2016	11,127			12,467
	Total debt	840,779			418,698
	Less: current maturities	(672,225		)	(289,891		)
	Total long-term debt	$	168,554		$	128,807
	Carrying values in the table above include net unamortized debt discount of $103,789 and $117,313 as of March 31, 2014 and December 31, 2013, respectively, which is amortized to interest expense over the terms of the related debt.
	12% Convertible Debentures
	In February 2014, we initiated a $1,000,000 offering of convertible debt ("12% Convertible Debentures") to fund our
	ongoing working capital needs. Terms of the 12% Convertible Debentures were as follows: (i) $100,000 per unit with interest at
	a rate of 12% per annum payable monthly with a maturity of three years from the date of issuance; (ii) convertible at any time
	prior to maturity at $0.75 per share of the Company's common stock; (iii) each unit included a three-year warrant to purchase up to 30,000 shares of the Company's common stock at an exercise price of $0.75 per share for a period of three years from the effective date of the warrant; and, (iv) an anti-dilution provision that requires a reduction in the conversion price should subsequent at-market issuances of the Company’s common stock be issued below the stated conversion price. As of March 31, 2014, we had raised $250,000 under the 12% Convertible Debenture offering including warrants to purchase up to 75,000 shares of the Company's common stock.
	Promissory Notes
	In January 2014, we entered into a $100,000 secured promissory note agreement with an unrelated third party to provide working capital to the Company. The secured promissory note was due four months from the date of issuance. Under the terms of the secured promissory note, the loan paid interest at a rate of 18%, plus an accommodation fee, which, including the interest payable under the loan, was an amount ranging from $5,000 to $20,000, (depending upon the number of months the secured promissory note remained outstanding), plus 12,500 shares of the Company's common stock. In February 2014, the holder of the secured promissory note transferred its principal due under the agreement to the Company's 12% Convertible Debentures and the secured promissory note was deemed paid in full.
	In February 2014, we entered into two $100,000 secured bridge loans ("Secured Bridge Loans") with two unrelated third parties to provide working capital to the Company. Under the terms of the Secured Bridge Loans, principal was due in forty days with interest payable at 18%, plus an accommodation fee, such that combined with the interest due and payable, a sum equal to $20,000 plus 25,000 shares of the Company's common stock was paid. In March 2014, in consideration of the issuance of an additional 25,000 shares of the Company's common stock, the maturity date of both Secured Bridge Loans was extended. In April 2014, the Company made a partial payment totaling $140,000 on the Secured Bridge Loans. In May 2014, one of the Secured Bridge Loans was paid in full. At June 30, 2014, amounts due under the remaining Secured Bridge Loan totaled $20,700, of which $15,700 represents accrued and unpaid interest.
	In connection with the acquisition of Francis Drilling Fluids, Inc. ("FDF"), on November 23, 2010, we issued a promissory note payable to a former interest holder of FDF in the face amount of $750,000.  The note is an unsecured, non-interest bearing loan that requires quarterly payments of $37,500 and matures October 1, 2015.  At March 31, 2014 and December 31, 2013, we have recorded the note as a discounted debt of $214,330 and $200,051 respectively, using an imputed interest rate of 9%.
	In November 2013, we entered into a promissory note with a third party to finance premiums related to certain insurance policies.  The promissory note bears an annual interest rate of 5.7% with principal and interest payments of $8,109 due monthly through maturity in August 2014.
	In December 2012, we entered into an unsecured, non-interest bearing promissory note with a former vendor in the amount of $342,500 as a settlement for outstanding payables due to the former vendor.  The promissory note required an initial payment of $75,000 with monthly payments of $7,431 due through maturity, on December 31, 2015.  At March 31, 2014 and December 31, 2013, we have recorded the promissory note as a discounted debt of $140,848 and $160,969, respectively, using an imputed interest rate of 7.5%.
	We also have a secured equipment loan outstanding that requires a monthly principal and interest payment based on a fixed interest rate of 7.5% and matures in March of 2016.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES
	Leases
	The Company leases office space under a non-cancelable operating lease which provides for minimum annual rentals.  At March 31, 2014, future minimum obligations under this lease agreement are as follows:
	April 1, 2014 to December 31, 2014	$	50,000
	2015	68,405
	2016	58,283
	2017	—
	2018	—
	Thereafter	—
		$	176,688
	Total lease rental expense for the three months ended March 31, 2014 and 2013 was $10,572 and $20,907 respectively.
	Litigation
	We may become involved from time to time in litigation on various matters, which are routine to the conduct of our business.  We believe that none of these actions, individually or in the aggregate, will have a material adverse effect on our financial position or operations, although any adverse decision in these cases, or the costs of defending or settling such claims, could have a material adverse effect on our financial position, operations, and cash flows.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
STOCKHOLDERS' EQUITY	'
	STOCKHOLDERS’ EQUITY
	The authorized capital of Sable consists of 200 million shares of common stock, par value $0.001 per share, and 10 million shares of Series A Convertible Preferred Stock, par value $0.001 per share.  The holders of Series A Convertible Preferred Stock have the same voting rights and powers as the holders of common stock.  Each holder of Series A Convertible Preferred Stock may, at any time, convert their shares of Series A Convertible Preferred Stock into shares of common stock at an initial conversion ratio of one-to-one.  For the three months ended March 31, 2014, we did not issue any shares of common stock related to conversions of the Company’s Series A Convertible Preferred Stock.
	Treasury Stock
	In April 2013, our Board of Directors approved the repurchase of up to an aggregate of 2.7 million shares of our common stock, or approximately 10% of our outstanding common shares.  The repurchases will be made from time-to-time on the open market at prevailing market prices.  The repurchase program is expected to continue over the next twelve months unless extended or shortened by the Board of Directors.  The timing and amount of any repurchase will depend on economic and market conditions, the trading price and other factors and any purchases will be executed in compliance with applicable laws and regulations.  The plan does not obligate the Company to acquire any particular amount of common stock and can be implemented, suspended or discontinued at any time without prior notice at the Company’s sole discretion.  The share repurchase program will be funded with the Company’s available working capital.  The 12% Convertible Debentures restrict the Company to de minimus repurchases as long as the debentures are outstanding. Through March 31, 2014 we have repurchased a total of 1,450 shares of our common stock on the open market.  These shares were purchased at an average cost of $0.24 per share, for a total cost of $343.
	Warrants
	The fair value of our warrants is determined using the Black-Scholes option pricing model and the Monte Carlo simulation.  The expected term of each warrant is estimated based on the contractual term or an expected time-to-liquidity event.  The volatility assumption is estimated based on expectations of volatility over the term of the warrant as indicated by implied volatility.  The risk-free interest rate is based on the U.S. Treasury rate for a term commensurate with the expected term of the warrant.
	A summary of warrant activity for the three months ended March 31, 2014 and 2013 is as follows:
			Three Months Ended March 31,
			2014			2013
			Warrants	Weighted		Warrants	Weighted
				Average			Average
				Exercise			Exercise
				Price			Price
	Outstanding at beginning of period		4,748,690	$	1.18	4,748,690	$	1.18
	Issued		75,000	0.75		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		4,823,690	$	1.17	4,748,690	$	1.18
	The following table shows the weighted average assumptions used in the Black-Scholes calculation of the fair value of the warrants issued in the three months ended March 31, 2014:
	Volatility	114.12	%
	Risk-free interest rate	0.69	%
	Expected life	3.0 Years
	Fair value on grant date	$0.04

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK BASED COMPENSATION	'
	STOCK BASED COMPENSATION
	In November 2012, the Board of Directors adopted the 2013 Equity Incentive Plan for the purpose of attracting and retaining the services of key employees, consultants, and non-employee members of the Board of Directors and to provide such persons with a proprietary interest in the Company through the granting of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, and/or other awards.
	In March 2013, the Company granted to its executive officers, Board of Directors, and certain key employees nonqualified stock options and restricted stock under the 2013 Equity Incentive Plan. Nonqualified stock options to purchase an aggregate 227,000 shares of the Company’s common stock at $0.42 per share were awarded; these options vest ratably over a service period of three years.  A total of 136,200 shares of restricted stock were granted and such awards vest over a three years period.  The total grant date fair value of all of these awards was approximately $101,000.  At March 31, 2014, the unrecognized stock-based compensation expense related to all awards which is expected to be recognized over a weighted average period of 1.6 years is approximately $19,456.
	Stock Options
	We utilize the Black-Scholes option pricing model to measure the fair value of stock options granted to employees and directors.  For the three months ended March 31, 2014, we recognized $3,313 in stock-based compensation related to stock options.  We recognized approximately $400 in stock-based compensation expense related to stock options for the three months ended March 31, 2013
	The following table summarizes our stock option activity for the three months ended March 31, 2014:
		Number		Weighted		Weighted		Weighted
		of		Average		Average		Average
		Shares		Exercise		Grant Date		Remaining
				Price Per		Fair Value		Contractual
				Share		Per Share		Term
	Outstanding, December 31, 2013	209,000		$	0.42	$	0.19
	Granted	—		$	—	$	—
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(53,000	)	$	0.42	$	0.19
	Outstanding, March 31, 2014	156,000		$	0.42	$	0.19	0.9
	Options exercisable at March 31, 2014	52,000		$	0.42	$	0.19
	Restricted stock
	Restricted stock awards are awards of common stock that are subject the restrictions on transfer and to a risk of forfeiture if the awardee terminates employment with the Company prior to the lapse of the restrictions.  The fair value of such stock was determined using the closing price on the grant date and compensation expense is recorded over the applicable vesting periods.  For the three months ended March 31, 2014 and 2013, we recognized approximately $6,800 and $37,000, respectively, in stock-based compensation related to restricted stock awards.  The following table summarizes our restricted stock activity for the three months ended March 31, 2014
		Shares		Wtd Avg
				Grant-Date
				Fair Value
	Nonvested, December 31, 2013	95,800		$	0.44
	Granted	—		$	—
	Vested	(35,000	)	$	0.42
	Canceled / Forfeited	(800	)	$	0.42
	Nonvested, March 31, 2014	60,000		$	0.45

FINANCIAL_INSTRUMENTS_AND_FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2014
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
	Our financial instruments include cash and cash equivalents, accounts receivable, marketable securities, accounts payable, derivative liabilities, and long-term debt. Because of their short maturity, the carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value.  The carrying value of long-term debt also approximates fair value since these instruments bear market rates of interest.
	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs.  We utilize a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable.
	•	Level 1 — Quoted prices in active markets for identical assets or liabilities.  These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets.
	•	Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices included for identical or similar assets and liabilities that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.  These are typically obtained from readily-available pricing sources for comparable instruments.
	•	Level 3 — Unobservable inputs, where there is little or no market activity for the asset or liability.  These inputs reflect the reporting entity’s own beliefs about the assumptions that market participants would use in pricing the asset or liability, based on the best information available in the circumstances.
	As discussed in Note 5, we consider the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock to be derivatives, and, as a result, the fair value of the derivative liabilities are reported on the accompanying consolidated balance sheets.  We value the derivative liabilities using a Monte Carlo simulation, which contains significant unobservable, or Level 3, inputs.  The use of valuation techniques requires us to make various key assumptions for inputs into the model, including assumptions about the expected behavior of the instruments’ holders and expected future volatility of the price of our common stock.  At certain common stock price points within the Monte Carlo simulation, we assume holders of the instruments will convert into shares of our common stock.  In estimating the fair value, we estimated future volatility by considering the historic volatility of the stock of a selected peer group over a five year period.
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
	31-Mar-14		Carrying		Level 1		Level 2		Level 3
			Amount
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	31-Mar-13		Carrying		Level 1		Level 2		Level 3
			Amount
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	Included below is a summary of the changes in our Level 3 fair value measurements:
	Balance, December 31, 2013	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, March 31, 2014	$	2,510
	Balance, December 31, 2012	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, March 31, 2013	$	2,510

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	Income tax provision for the three months ended March 31, 2014 and 2013 was $0 and $1,810, respectively.  At March 31, 2014 we had deferred income tax assets of $9,786,713 and a valuation allowance of $9,631,427 resulting in an estimated recoverable amount of deferred income tax assets of $155,286.  This reflects a net increase of the valuation allowance of $154,185 from the December 31, 2013 balance of $9,477,242.  At March 31, 2014, we had deferred income tax liabilities of $155,286.
	The balance of the valuation allowance as of March 31, 2014 and December 31, 2013 was $9,631,427 and $9,477,242, respectively.  The anticipated effective income tax rate is expected to continue to differ from the Federal statutory rate primarily due to the effect of state income taxes, permanent differences between book and taxable income, changes to the valuation allowance, and certain discrete items.

SUPPLEMENTAL_DISCLOSURES_OF_CA

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	3 Months Ended
	Mar. 31, 2014
Supplemental Cash Flow Elements [Abstract]	'
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'
	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
	Additional cash flow information was as follows for the three months ended March 31, 2014 and 2013:
		2014		2013
	Supplemental disclosures of cash flow information:
	Total cash paid for interest	$	14,500	$	1,910
	Total cash paid for taxes	$	—	60,000

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	On June 20, 2014, the Board of Directors of the Company approved the sale and issuance of 8,013,902 shares of Common Stock of the Company to Cory R. Hall in exchange for $1,001,738 in accordance with that certain Securities Purchase Agreement executed on June 20, 2014 between the Company and Mr. Hall (the “Offering”). The Offering was made in reliance on the exemption provided by Rule 506(b) promulgated under the Securities Act of 1933, as amended, and certain provisions of Regulation D thereunder based on Mr. Hall’s status as an accredited investor.
	On June 23, 2014, the Company entered into an employment agreement with Mr. Hall. The employment agreement providees for an annual base salary of at least $375,000 per year, an auto allowance of $825 per month and incentive compensation to be determined from time to time by the Company’s board of directors.
	The sale of common stock on June 20, 2014 was a "Subsequent Equity Sale" as defined in the 12% Convertible Debentures wherein the stated conversion price of the debenture to common stock is adjusted. As a result the debentures issued prior to March 31, 2014 with a stated conversion price of $0.75 were adjusted to a $0.64 conversion price. Debentures issued after March 31, 2014 and before June 20, 2014 with a stated conversion price of $0.50 were adjusted to a $0.43 conversion price. As of September 15, 2014 the Company has raised $1,125,000 under the 12% Convertible Debentures offering including warrants to purchase up to 507,500 shares of the Company's common stock.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information.  These financial statements include the accounts of Sable and entities in which it holds a controlling interest.  All intercompany accounts and transactions have been eliminated in consolidation.  Investments in non-controlled entities over which we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method.  In applying the equity method of accounting, the investments are initially recognized at cost, and subsequently adjusted for our proportionate share of earnings and losses and distributions.
	The interim financial data as of March 31, 2014 and for the three months ended March 31, 2014 and 2013 is unaudited; in the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary to a fair statement of the results for the interim periods.  The consolidated results of operations for the three months ended March 31, 2014 and 2013 are not necessarily indicative of the results to be expected for the full year.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto as filed in our Annual Report on Form 10-K for the year ended December 31, 2013.
Liquidity	'
	Liquidity
	We cannot be certain that our existing sources of cash will be adequate to meet our liquidity requirements, including cash requirements that may be due under existing debt obligations as well as amounts due to our vendors in the normal course of business. For the three months ended March 31, 2014, we incurred a net loss of $441,227, and have an accumulated deficit totaling $19,613,997, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.
	We intend to seek substantial sources of liquidity. In addition, management has implemented plans to improve liquidity through cash flows generated from development of new business initiatives within the oil & gas industry and improvements to results from existing operations. There can be no assurance that we will be successful with our plans or that our results of operations will materially improve in either the short-term or long-term and accordingly, we may be unable to meet our obligations as they become due.
	A fundamental principle of the preparation of financial statements in accordance with generally accepted accounting principles is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business. This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent. In accordance with this requirement, our policy is to prepare our consolidated financial statements on a going concern basis unless we intend to liquidate or have no other alternative but to liquidate. Our consolidated financial statements have been prepared on a going concern basis and do not reflect any adjustments that might specifically result from the outcome of this uncertainty.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. Management evaluates its estimates and related assumptions regularly, including those related to proved reserves; the value of properties and equipment; goodwill; intangible assets; asset retirement obligations; litigation liabilities; environmental liabilities; pension assets, liabilities, and costs; income taxes; and fair values. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the criteria for reporting discontinued operations and requires additional disclosures, both for discontinued operations and for individually significant dispositions and assets classified as held for sale not qualifying as discontinued operations. The ASU is effective for annual and interim periods beginning in 2015. Early adoption is permitted for disposals or for assets classified as held for sale that have not been reported in previously issued financial statements. Sable elected to early adopt the ASU on a prospective basis for the quarter ended March 31, 2014. The adoption did not have a material impact on the Company’s consolidated financial statements.
	The FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset, except in certain circumstances as described in the ASU. The ASU is effective for annual and interim periods beginning in 2014. See Note 9 —Income Taxes.

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Schedule of property and equipment	'
	Property and equipment, which includes our oil and gas properties at March 31, 2014 and December 31, 2013 consist of the following:
		March 31, 2014			December 31, 2013
	Oil and gas properties - proved	$	383,708		$	388,937
	Oil and gas properties - unproved	667,168			684,560
	Total oil and gas properties	1,050,876			1,073,497
	Furniture, fixtures, and equipment	138,378			138,378
	Total property and equipment	1,189,254			1,211,875
	Accumulated DD&A	(287,310		)	(277,389		)
	Property and equipment, net	$	901,944		$	934,486

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Summary of the entity's outstanding debt obligations	'
	A summary of our outstanding debt obligations as of March 31, 2014 and December 31, 2013 is presented as follows:
		31-Mar-14			December 31,
					2013
	12.0% Convertible Debentures	$	247,075		$	—
	Secured Bridge Loans	200,000			—
	Promissory Note (non-interest bearing, net of discount) due October 2015	214,330			200,051
	Promissory Note (non-interest bearing, net of discount) due December 2015	140,848			160,969
	5.74% Insurance Financing due August 2014	27,399			45,211
	7.5% Secured Equipment Loan due March 2016	11,127			12,467
	Total debt	840,779			418,698
	Less: current maturities	(672,225		)	(289,891		)
	Total long-term debt	$	168,554		$	128,807
	Carrying values in the table above include net unamortized debt discount of $103,789 and $117,313 as of March 31, 2014 and December 31, 2013, respectively, which is amortized to interest expense over the terms of the related debt.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of future minimum rental payments for operating leases	'
	At March 31, 2014, future minimum obligations under this lease agreement are as follows:
	April 1, 2014 to December 31, 2014	$	50,000
	2015	68,405
	2016	58,283
	2017	—
	2018	—
	Thereafter	—
		$	176,688

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Summary of warrant activity	'
	A summary of warrant activity for the three months ended March 31, 2014 and 2013 is as follows:
			Three Months Ended March 31,
			2014			2013
			Warrants	Weighted		Warrants	Weighted
				Average			Average
				Exercise			Exercise
				Price			Price
	Outstanding at beginning of period		4,748,690	$	1.18	4,748,690	$	1.18
	Issued		75,000	0.75		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		4,823,690	$	1.17	4,748,690	$	1.18
	The following table shows the weighted average assumptions used in the Black-Scholes calculation of the fair value of the warrants issued in the three months ended March 31, 2014:
	Volatility	114.12	%
	Risk-free interest rate	0.69	%
	Expected life	3.0 Years
	Fair value on grant date	$0.04

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of stock option activity	'
	The following table summarizes our stock option activity for the three months ended March 31, 2014:
		Number		Weighted		Weighted		Weighted
		of		Average		Average		Average
		Shares		Exercise		Grant Date		Remaining
				Price Per		Fair Value		Contractual
				Share		Per Share		Term
	Outstanding, December 31, 2013	209,000		$	0.42	$	0.19
	Granted	—		$	—	$	—
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(53,000	)	$	0.42	$	0.19
	Outstanding, March 31, 2014	156,000		$	0.42	$	0.19	0.9
	Options exercisable at March 31, 2014	52,000		$	0.42	$	0.19
Summary of restricted stock activity	'
	The following table summarizes our restricted stock activity for the three months ended March 31, 2014
		Shares		Wtd Avg
				Grant-Date
				Fair Value
	Nonvested, December 31, 2013	95,800		$	0.44
	Granted	—		$	—
	Vested	(35,000	)	$	0.42
	Canceled / Forfeited	(800	)	$	0.42
	Nonvested, March 31, 2014	60,000		$	0.45

FINANCIAL_INSTRUMENTS_AND_FAIR1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
Summary of financial assets and liabilities from continuing operations at fair value	'
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
	31-Mar-14		Carrying		Level 1		Level 2		Level 3
			Amount
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	31-Mar-13		Carrying		Level 1		Level 2		Level 3
			Amount
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
Summary of the changes in Level 3 fair value measurements	'
	Included below is a summary of the changes in our Level 3 fair value measurements:
	Balance, December 31, 2013	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, March 31, 2014	$	2,510
	Balance, December 31, 2012	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, March 31, 2013	$	2,510

SUPPLEMENTAL_DISCLOSURES_OF_CA1

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2014
Supplemental Cash Flow Elements [Abstract]	'
Supplemental cash flow information	'
	Additional cash flow information was as follows for the three months ended March 31, 2014 and 2013:
		2014		2013
	Supplemental disclosures of cash flow information:
	Total cash paid for interest	$	14,500	$	1,910
	Total cash paid for taxes	$	—	60,000

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounting Policies [Abstract]	'	'	'
Net earnings (loss) from continuing operations	($441,227)	($669,560)	'
Accumulated deficit	($19,613,997)	'	($19,172,770)

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Property, plant and equipment	'	'	'
Total property and equipment	$1,189,254	'	$1,211,875
Accumulated depreciation & depletion	-287,310	'	-277,389
Property and equipment, net	901,944	'	934,486
Depreciation, depletion, and amortization	9,936	4,960	'
Total oil and gas properties	'	'	'
Property, plant and equipment	'	'	'
Total property and equipment	1,050,876	'	1,073,497
Oil and gas properties - proved	'	'	'
Property, plant and equipment	'	'	'
Total property and equipment	383,708	'	388,937
Oil and gas properties - unproved	'	'	'
Property, plant and equipment	'	'	'
Total property and equipment	667,168	'	684,560
Furniture, fixtures, and equipment	'	'	'
Property, plant and equipment	'	'	'
Total property and equipment	$138,378	'	$138,378

DERIVATIVE_LIABILITIES_Details

DERIVATIVE LIABILITIES (Details) (Warrants - Series A Convertible Preferred Stock, USD $)	Mar. 31, 2014	Dec. 31, 2013
	item
Warrants - Series A Convertible Preferred Stock	'	'
Derivative liabilities	'	'
Number of derivatives	1	'
Fair value on grant date	2	'
Fair value of the warrants	$2,510	$2,510

DEBT_Details

DEBT (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt	'	'
Total debt	$840,779	$418,698
Less: current maturities	-672,225	-289,891
Total long-term debt	168,554	128,807
Net unamortized debt discount	103,789	117,313
12% Convertible Debentures	'	'
Debt	'	'
Total debt	247,075	0
Interest rate (as a percent)	12.00%	12.00%
Secured Bridge Loans	'	'
Debt	'	'
Total debt	200,000	0
Interest rate (as a percent)	5.74%	5.74%
Francis Promissory Note (non-interest bearing) due October 2015	'	'
Debt	'	'
Total debt	214,330	200,051
Promissory Note (non-interest bearing) due December 2015	'	'
Debt	'	'
Total debt	140,848	160,969
5.74% Insurance Financing due August 2014	'	'
Debt	'	'
Total debt	27,399	45,211
7.5% Secured Equipment Loan due March 2016	'	'
Debt	'	'
Total debt	$11,127	$12,467
Interest rate (as a percent)	7.50%	7.50%

DEBT_Details_2

DEBT (Details 2) (USD $)

3 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Feb. 28, 2014

Mar. 31, 2014

Sep. 15, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Feb. 28, 2014

Jun. 30, 2014

Mar. 31, 2014

Apr. 30, 2014

Nov. 23, 2010

Mar. 31, 2014

Dec. 31, 2013

Nov. 30, 2012

Dec. 31, 2012

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

Secured promissory note

Secured promissory note

Secured promissory note

Secured Bridge Loans

Secured Bridge Loans

Amended Secured Bridge Loans

Amended Secured Bridge Loans

Francis Promissory Note

Francis Promissory Note

Francis Promissory Note

5.5% Insurance Financing

Promissory Note (non-interest bearing) due December 2015

Promissory Note (non-interest bearing) due December 2015

Promissory Note (non-interest bearing) due December 2015

7.5% secured equipment loan

7.5% secured equipment loan

Convertible Debt

Convertible Debt

Convertible Debt

Promissory Note

Promissory Note

Promissory Note

Bridge Loan

Subsequent Event

Bridge Loan

Subsequent Event

Subsequent Event

Minimum

Maximum

Bridge Loan

Bridge Loan

Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt offering

'

'

'

'

'

$1,000,000

'

'

$100,000

'

'

$100,000

'

'

'

$750,000

'

'

'

'

'

$342,500

'

'

Price per unit of convertible debt

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

12.00%

12.00%

12.00%

'

'

18.00%

'

'

18.00%

'

'

'

'

'

'

5.74%

'

'

'

7.50%

7.50%

Debt instrument term

'

'

'

'

'

'3 years

'

'

'4 months

'

'

'40 days

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price of debt

'

'

'

'

'

$0.75

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of equity instruments

'

'

'

'

'

30,000

75,000

507,500

12,500

'

'

25,000

'

25,000

'

'

'

'

'

'

'

'

'

'

Term of warrant

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of 12% convertible debentures

250,000

0

'

'

'

'

250,000

1,125,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fee amount

'

'

'

'

'

'

'

'

'

5,000

20,000

20,000

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of short-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

140,000

'

'

'

'

'

'

'

'

'

Amount outstanding

'

'

'

'

'

'

'

'

'

'

'

'

20,700

'

'

'

'

'

'

'

'

'

'

'

Accrued and unpaid interest

'

'

'

'

'

'

'

'

'

'

'

'

15,700

'

'

'

'

'

'

'

'

'

'

'

Periodic payments of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,500

'

'

'

'

'

'

'

'

Frequency of periodic payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'quarterly

'

'

'monthly

'monthly

'

'

'

'

Long-term debt

840,779

'

418,698

247,075

0

'

'

'

'

'

'

'

'

'

'

'

214,330

200,051

'

'

140,848

160,969

11,127

12,467

Imputed interest rate used to discount debt (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

'

'

7.50%

'

'

'

Periodic principal and interest payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,109

7,431

'

'

'

'

Down payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$75,000

'

'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule of future minimum rental payments for operating leases	'	'
April 1, 2014 to December 31, 2014	$50,000	'
2015	68,405	'
2016	58,283	'
2017	0	'
2018	0	'
Thereafter	0	'
Total	176,688	'
Total lease rental expense	$10,572	$20,907

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Equity [Abstract]	'	'
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
STOCKHOLDERS' EQUITY	'	'
Series A Convertible preferred stock, par value (in dollars per share)	$0.00	$0.00
Conversion ratio of preferred stock into common shares	1	'
Series A Convertible Preferred Stock	'	'
STOCKHOLDERS' EQUITY	'	'
Series A Convertible preferred stock, shares authorized	10,000,000	'
Series A Convertible preferred stock, par value (in dollars per share)	$0.00	'

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	1 Months Ended	3 Months Ended
	Apr. 30, 2013	Mar. 31, 2014
Equity [Abstract]	'	'
Number of shares of common stock authorized for repurchase	2,700,000	'
Percentage of outstanding shares of common stock authorized for repurchase	10.00%	'
Period over which repurchase program is expected to continue	'12 months	'
Shares acquired and held in treasury	'	1,450
Average cost of treasury shares acquired (in dollars per share)	'	$0.24
Treasury shares acquired, value	'	$343

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (Warrants, USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Warrants	'	'
Warrants	'	'
Outstanding at beginning of period (in shares)	4,748,690	4,748,690
Issued (in shares)	75,000	0
Exercised (in shares)	0	0
Forfeited or expired (in shares)	0	0
Outstanding at end of period (in shares)	4,823,690	4,748,690
Weighted Average Exercise Price	'	'
Outstanding at beginning of period (in dollars per share)	$1.18	$1.18
Issued (in dollars per share)	$0.75	$0
Exercised (in dollars per share)	$0	$0
Forfeited or expired (in dollars per share)	$0	$0
Outstanding at end of period (in dollars per share)	$1.17	$1.18

STOCKHOLDERS_EQUITY_Details_4

STOCKHOLDERS' EQUITY (Details 4) (Warrants)	3 Months Ended
	Mar. 31, 2014
Warrants	'
Weighted average assumptions of warrants	'
Volatility	114.12%
Risk-free interest rate	0.69%
Expected life	'3 years
Fair value on grant date	0.0395

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	1 Months Ended	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Stock based compensation	'	'	'
Total grant date fair value	$101,000	'	'
Unrecognized stock-based compensation expense related to awards	'	19,456	'
Weighted average period over which unrecognized stock-based compensation expense is expected to be recognized	'	'1 year 7 months 18 days	'
Nonqualified stock options	'	'	'
Stock based compensation	'	'	'
Service period over which options vest	'3 years	'	'
Stock-based compensation	'	3,313	400
Number of shares	'	'	'
Outstanding at the beginning of the period (in shares)	'	209,000	'
Granted (in shares)	227,000	0	'
Exercised (in shares)	'	0	'
Canceled / Forfeited (in shares)	'	-53,000	'
Outstanding at the end of the period (in shares)	'	156,000	'
Options exercisable at the end of the period (in shares)	'	52,000	'
Weighted Average Exercise Price Per Share	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	$0.42	'
Granted (in dollars per share)	$0.42	$0	'
Exercised (in dollars per share)	'	$0	'
Canceled / Forfeited (in dollars per share)	'	$0.42	'
Outstanding at the end of the period (in dollars per share)	'	$0.42	'
Options exercisable at the end of the period (in dollars per share)	'	$0.42	'
Weighted Average Grant-Date Fair Value Per Share	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	$0.19	'
Granted (in dollars per share)	'	$0	'
Exercised (in dollars per share)	'	$0	'
Canceled / Forfeited (in dollars per share)	'	$0.19	'
Outstanding at the end of the period (in dollars per share)	'	$0.19	'
Options exercisable at the end of the period (in dollars per share)	'	$0.19	'
Weighted Average Remaining Contractual Term	'	'	'
Outstanding at the end of the period	'	'10 months 24 days	'
Restricted stock	'	'	'
Stock based compensation	'	'	'
Granted (in shares)	136,200	0	'
Vesting period of award	'3 years	'	'
Stock-based compensation	'	$6,800	$37,000
Number of Shares	'	'	'
Unvested at the beginning of the period (in shares)	'	95,800	'
Granted (in shares)	136,200	0	'
Vested (in shares)	'	-35,000	'
Canceled / Forfeited (in shares)	'	-800	'
Unvested at the end of the period (in shares)	'	60,000	'
Weighted Average Grant Date Fair Value Per Share	'	'	'
Unvested at the beginning of the period (in dollars per share)	'	$0.44	'
Granted (in dollars per share)	'	$0	'
Vested (in dollars per share)	'	$0.42	'
Canceled / Forfeited (in dollars per share)	'	$0.42	'
Unvested at the end of the period (in dollars per share)	'	$0.45	'

FINANCIAL_INSTRUMENTS_AND_FAIR2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details)	3 Months Ended
	Mar. 31, 2014
Financial Instruments and Fair Value Measurements (Textual)	'
Warrant fair value estimate, historic volatility period used for estimate	'5 years

FINANCIAL_INSTRUMENTS_AND_FAIR3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Carrying Amount	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Derivative liabilities	$2,510	$2,510
Fair Value | Level 1	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Derivative liabilities	0	0
Fair Value | Level 2	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Derivative liabilities	0	0
Fair Value | Level 3	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Derivative liabilities	$2,510	$2,510

FINANCIAL_INSTRUMENTS_AND_FAIR4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 3) (Liability, Level 3, USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Liability | Level 3	'	'
Changes in Level 3 fair value measurements	'	'
Beginning balance	$2,510	$2,510
Change in derivative liabilities	0	0
Issuance of warrant derivative	0	0
Ending balance	$2,510	$2,510

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'
Income tax provision (benefit)	$0	$1,810	'
Deferred income tax assets, gross	9,786,713	'	'
Valuation allowance	9,631,427	'	9,477,242
Estimated recoverable amount of deferred income tax assets	155,286	'	'
Net increase in the valuation allowance	154,185	'	'
Deferred income tax liabilities	$155,286	'	'

SUPPLEMENTAL_DISCLOSURES_OF_CA2

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Supplemental disclosures of cash flow information:	'	'
Total cash paid for interest	$14,500	$1,910
Total cash paid for taxes	$0	$60,000

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Feb. 28, 2014

Mar. 31, 2014

Jun. 20, 2014

Feb. 28, 2014

Jun. 20, 2014

Feb. 28, 2014

Jun. 23, 2014

Jun. 20, 2014

Sep. 15, 2014

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

Subsequent Event

Subsequent Event

Subsequent Event

Convertible Debt

Convertible Debt

Convertible Debt

Convertible Debt

Convertible Debt

Convertible Debt

Cory Hall

Offering

12% Convertible Debentures

Issued Prior to March 31, 2014

Issued Prior to March 31, 2014

Issued After March 31, 2014

Issued After March 31, 2014

Cory Hall

Convertible Debt

Common Stock

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of 12% convertible debentures

$250,000

$0

'

'

'

$250,000

'

'

'

'

'

'

$1,125,000

Number of common shares issued

'

'

'

'

'

'

'

'

'

'

'

8,013,902

'

Value of stock issued

'

'

'

'

'

'

'

'

'

'

'

1,001,738

'

Minimum base pay

'

'

'

'

'

'

'

'

'

'

375,000

'

'

Monthly auto allowance

'

'

'

'

'

'

'

'

'

'

$825

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

12.00%

12.00%

12.00%

'

'

'

'

'

'

'

'

Conversion price of debt

'

'

'

'

$0.75

'

$0.64

$0.75

$0.43

$0.50

'

'

'

Number of equity instruments

'

'

'

'

30,000

75,000

'

'

'

'

'

'

507,500