Sow Good (SOWG) 10-K 12 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 06, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	Black Ridge Oil & Gas, Inc.
Entity Central Index Key	1,490,161
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 1,366,659
Entity Common Stock, Shares Outstanding		479,799,900
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,477,089	$ 66,269
Accounts receivable	1,611	0
Prepaid expenses	68,817	86,892
Deferred taxes	18,678	0
Due from Black Ridge Holding Company, LLC	0	765
Total current assets	1,566,195	153,926
Property and equipment:
Property and equipment	128,156	140,547
Less accumulated depreciation	(117,459)	(112,128)
Total property and equipment, net	10,697	28,419
Investment in Blackridge Holding Company, LLC	0	52,853
Restricted cash and investments held in trust	138,980,353	0
Total assets	140,557,245	235,198
Current liabilities:
Accounts payable	91,186	21,563
Accrued expenses	9,769	14,998
Income tax payable	85,722	0
Total current liabilities	186,677	36,561
Total liabilities	186,677	36,561
Commitments and contingencies
Redeemable non-controlling interest	138,870,060	0
Stockholders' equity
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 479,799,900 and 47,979,990 shares issued and outstanding as of December 31, 2017 and 2016, respectively	479,800	47,980
Additional paid-in capital	36,164,596	34,902,016
Accumulated deficit	(35,143,888)	(34,751,359)
Total stockholders' equity	1,500,508	198,637
Total liabilities, redeemable non-controlling interest and stockholders' equity	$ 140,557,245	$ 235,198

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Stockholders' equity:
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	479,799,900	47,979,990
Common stock, shares outstanding	479,799,900	47,979,990

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Management fee income	$ 1,000,000	$ 1,049,451
Total revenues	1,000,000	1,049,451
General and administrative expenses:
Salaries and benefits	1,321,995	1,324,569
Stock compensation	574,851	626,602
Professional services	176,155	152,413
Other general and administrative	368,647	409,568
Total general and administrative expenses	2,441,648	2,513,152
Depreciation and amortization	10,848	14,271
Total operating expenses	2,452,496	2,527,423
Net operating loss	(1,452,496)	(1,477,972)
Other income:
Gain on debt restructuring	0	41,621,150
Loss on sale of property and equipment	(4,714)	0
Interest expense	(8,713)	0
Interest income	355,338	0
Unrealized loss on marketable securities held in trust account	(64,985)	0
Gain on sale of investment in Black Ridge Holding Company	1,030,145	0
Total other income	1,307,071	41,621,150
Income (loss) before provision for income taxes	(145,425)	40,143,178
Provision for income taxes	(67,044)	0
Income (loss) from continuing operations, net of income taxes	(212,469)	40,143,178
Loss from discontinued operations, net of income taxes	0	(10,197,374)
Net income (loss)	(212,469)	29,945,804
Less: Net income attributable to redeemable non-controlling interest	(180,060)	0
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.	$ (392,529)	$ 29,945,804
Weighted average common shares outstanding - basic and fully diluted	160,970,732	47,979,990
Net loss per common share - basic and fully diluted	$ 0	$ 0.62

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total	Redeemable Noncontrolling Interest
Beginning balance, shares at Dec. 31, 2015	0	47,979,990
Beginning balance, value at Dec. 31, 2015	$ 0	$ 47,980	$ 34,275,414	$ (64,697,163)	$ (30,373,769)	$ 0
Common stock options granted for services to employees and directors			626,602		626,602
Net income (loss)				29,945,804	29,945,804
Ending balance, shares at Dec. 31, 2016	0	47,979,990
Ending balance, value at Dec. 31, 2016	$ 0	$ 47,980	34,902,016	(34,751,359)	198,637	0
Common stock options granted for services to employees and directors			574,851		574,851
Common stock sold in rights offering, net of offering costs, shares		199,811,421
Common stock sold in rights offering, net of offering costs, value		$ 199,811	2,067,762		2,267,573
Common stock sold in private placement, shares		232,008,489
Common stock sold in private placement, value		$ 232,009	2,552,093		2,784,102
Change in ownership of subsidiary resulting from subsidiary initial public offering			(3,932,126)		(3,932,126)	138,690,000
Net income (loss)				(392,529)	(392,529)	180,060
Ending balance, shares at Dec. 31, 2017	0	479,799,900
Ending balance, value at Dec. 31, 2017	$ 0	$ 479,800	$ 36,164,596	$ (35,143,888)	$ 1,500,508	$ 138,870,060

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.	$ (392,529)	$ 29,945,804
Loss from discontinued operations, net of income taxes	0	(10,197,374)
Income (loss) from continuing operations, net of income taxes	(392,529)	40,143,178
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	10,848	14,271
Gain on debt restructuring	0	(41,621,150)
Gain on sale of Black Ridge Holding Company, LLC	(1,030,145)	0
Loss on sale of property and equipment	4,714	0
Amortization of common stock options issued to employees and directors	574,851	626,602
Interest income	(355,338)	0
Unrealized loss on marketable securities held in trust account	64,985	0
Net income attributable to redeemable non-controlling interest	180,060	0
Decrease (increase) in current assets:
Prepaid expenses	18,075	(49,792)
Due from affiliates	765	(765)
Deferred taxes	(18,678)	0
Increase (decrease) in current liabilities:
Accounts payable	69,623	(1,427)
Accrued expenses	(5,229)	14,998
Income taxes payable	85,722	0
Net cash used in operating activities from continuing operations	(792,276)	(874,085)
Net cash provided by operating activities from discontinued operations	0	3,827,209
Net cash provided by (used in) operating activities	(792,276)	2,953,124
CASH FLOWS FROM INVESTING ACTIVITIES
Principal deposited in trust account	(138,690,000)	0
Proceeds from sale of investment in Black Ridge Holding Company, LLC	1,081,387	0
Proceeds from sale of equipment	2,160	0
Purchase of equipment	0	(1,543)
Net cash provided by investing activities from continuing operations	(137,606,453)	(1,543)
Net cash used in investing activities of discontinued operations	0	(4,763,506)
Net cash used in investing activities	(137,606,453)	(4,765,049)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of stock, net of offering costs	2,965,555	0
Proceeds from sale of stock, related parties, net of offering costs	2,086,120	0
Proceeds from sale of stock in Black Ridge Acquisition Corp. IPO, net of offering costs	134,757,874	0
Proceeds from promissory note	500,000	0
Repayment of promissory note	(500,000)	0
Net cash provided by financing activities from continuing operations	139,809,549	0
Net cash provided by financing activities of discontinued operations	0	1,650,000
Net cash provided by financing activities	139,809,549	1,650,000
NET CHANGE IN CASH	1,410,820	(161,925)
CASH AT BEGINNING OF PERIOD	66,269	228,194
CASH AT END OF PERIOD	1,477,089	66,269
SUPPLEMENTAL INFORMATION:
Interest paid	8,713	1,429,564
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Adjustment to additional paid-in capital to reflect redeemable non-operated interest	3,932,126	0
Accounts receivable received in dissolution of Black Ridge Holding Company, LLC	1,611	0
Transfer of net liabilities to Black Ridge Holding Company, LLC in restructuring	0	(41,568,297)
Net change in accounts payable for purchase of oil and gas properties	0	(3,744,487)
Capitalized asset retirement costs	$ 0	$ 4,737

1. Organization and Nature of B

1. Organization and Nature of Business	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	Effective April 2, 2012, Ante5, Inc. changed its corporate name to Black Ridge Oil & Gas, Inc., and continues to be quoted on the OTCQB under the trading symbol “ANFC”. Black Ridge Oil & Gas, Inc. (formerly Ante5, Inc.) (the “Company”) became an independent company in April 2010. We became a publicly traded company when our shares began trading on July 1, 2010. Since October 2010, we had been engaged in the business of acquiring oil and gas leases and participating in the drilling of wells in the Bakken and Three Forks trends in North Dakota and Montana. On June 21, 2016 we closed on a debt restructuring transaction with our secured lenders as described in Note 4 – Debt Restructuring. Through June 30, 2017 we had also been managing the oil and gas assets relinquished during the debt restructuring in which we continued to have an indirect minority interest. Our management services agreement related to those same oil and gas assets was terminated on April 3, 2017, effective June 30, 2017. The Company is focused on acquiring, investing in, and managing the oil and gas assets for our partners. We continue to pursue asset acquisitions in all major onshore unconventional shale formations that may be acquired with capital from our existing joint venture partners or other capital providers. On September 25, 2017, the Company finalized an equity raise utilizing a rights offering and backstop agreement, raising net proceeds of $5,051,675 and issuing 431,819,910 shares. The proceeds were used to sponsor the Company’s obligations in sponsoring a special purpose acquisition company, discussed below, with the remainder for general corporate purposes. On October 10, 2017, the Company’s sponsored special purpose acquisition company, Black Ridge Acquisition Corp. (“BRAC”), completed an initial public offering (“IPO”) raising $138,000,000 of gross proceeds (including proceeds from the exercise of an over-allotment option by the underwriters on October 18, 2017). In addition, the Company purchased 445,000 BRAC units at $10.00 per unit in a private placement transaction for a total contribution of $4,450,000 in order to fulfill its obligations in sponsoring BRAC. BRAC is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. BRAC’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region although it intends to focus its search for target businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America. Following the initial public offering and over-allotment, the Company owns 22% of the outstanding common stock of BRAC and manages BRAC’s operations via a management services agreement.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Basis of Accounting Our financial statements are prepared using the accrual method of accounting as generally accepted in the United States of America (U.S. GAAP) and the rules of the Securities and Exchange Commission (SEC). Principles of Consolidation The accompanying consolidated financial statements include the accounts of the following entities: Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. (“BRAC”) Delaware Subsidiary (1) (1) The Company has determined that BRAC, following its IPO, is a variable interest entity (“VIE”) and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and it has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements herein contain the operations of the BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. All significant inter-company transactions have been eliminated in the preparation of theses financial statements. The parent company, Black Ridge Oil & Gas, Inc. and Black Ridge Acquisition Corp. will be collectively referred to herein as the “Company” or “Black Ridge”. The Company’s headquarters is in Minneapolis, Minnesota and substantially all of its operations are in the United States. Reclassifications As discussed in Note 4- Debt Restructuring, income, expense and cash flows from the restructured operations for the year ended December 31, 2016 have been reclassified as net loss and cash flows from discontinued operations. Segment Reporting FASB ASC 280-10-50 requires annual and interim reporting for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how to allocate resources. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Environmental Liabilities The oil and gas industry is subject, by its nature, to environmental hazards and clean-up costs. At this time, management knows of no substantial losses from environmental accidents or events which would have a material effect on the Company. Cash and Cash Equivalents Cash equivalents include money market accounts which have maturities of three months or less. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. Cash equivalents are stated at cost plus accrued interest, which approximates market value. The Company had no cash equivalents on hand as of December 31, 2017 and December 31, 2016. Restricted cash and securities held in Trust Account As of December 31, 2017, $ 39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account which is restricted for the benefit of the BRAC’s IPO shareholders to be available for those shareholders in the event they elect to redeem their shares following an approved business combination or the upon dissolution of BRAC. Cash in Excess of FDIC Insured Limits The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 under current regulations. The Company had approximately $977,089 and $-0- in excess of FDIC insured limits at December 31, 2017 and 2016, respectively. As of December 31, 2017, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Debt Issuance Costs Costs relating to obtaining certain debts are capitalized and amortized over the term of the related debt using the straight-line method, which approximates the effective interest method. The Company paid $4,400 and $-0- of debt issuance costs during the years ended December 31, 2017 and 2016, respectively, of which the unamortized balance of debt issuance costs at December 31, 2017 and 2016 was $-0- and $-0-, respectively. Amortization of debt issuance costs charged to interest expense was $4,400 and $-0- for the years ended December 31, 2017 and 2016, respectively. Website Development Costs The Company accounts for website development costs in accordance with ASC 350-50, “Accounting for Website Development Costs” (“ASC 350-50”), wherein website development costs are segregated into three activities: 1) Initial stage (planning), whereby the related costs are expensed. 2) Development (web application, infrastructure, graphics), whereby the related costs are capitalized and amortized once the website is ready for use. Costs for development content of the website may be expensed or capitalized depending on the circumstances of the expenditures. 3) Post-implementation (after site is up and running: security, training, admin), whereby the related costs are expensed as incurred. Upgrades are usually expensed, unless they add additional functionality. We have capitalized a total of $56,660 of website development costs from inception through December 31, 2016. We have recognized depreciation expense on these website costs of $-0- and $-0- for the years ended December 31, 2017 and 2016, respectively. As of December 31, 2017, all website development costs have been fully depreciated. Income Taxes The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at December 31, 2017 at the new rate. The SEC issued Staff Accounting Bulletin No. 118 (“SAB 108”) to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain effects of Tax Reform. The ultimate impact may differ from the provisional amount, possibly materially, as a result of additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued and actions the Company may take as a result of Tax Reform. Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis. Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives of three to seven years. Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Long-lived assets are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company has not recognized any impairment losses on long-lived assets related to continuing operations. Depreciation expense was $10,848 and $14,271 for the years ended December 31, 2017 and 2016, respectively. Revenue Concentration All of the Company’s revenue earned from continuing operations comes from management fees earned through its management services agreement with Black Ridge Holding Company, LLC (“BRHC”). Revenues from continuing operations were earned prior to June 30, 2017 from its management services agreement with BRHC, which was cancelled by BRHC effective June 30, 2017. Revenue Recognition The Company recognizes management fee income as services are provided. The Company recognized oil and gas revenues from its former interests in producing wells when production was delivered to, and title was transferred to, the purchaser and to the extent the selling price is reasonably determinable. Oil and gas revenues are reflected as a component of discontinued operations on the statements of operations. Asset Retirement Obligations The Company records the fair value of a liability for an asset retirement obligation in the period in which the well is spud or the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The expense related to accretion of the discount on the asset retirement liability is reflected as component of discontinued operations on the statement of operations. Full Cost Method The Company followed the full cost method of accounting for oil and gas operations in 2016 whereby all costs related to the exploration and development of oil and gas properties were initially capitalized into a single cost center ("full cost pool"). The Company had no oil and gas operations in 2017 as they were disposed as part of the debt restructuring transaction on June 21, 2016 described in Note 4 – Debt Restructuring. Capitalized costs included land acquisition costs, geological and geophysical expenses, carrying charges on non-producing properties, costs of drilling directly related to acquisition, and exploration activities. Internal costs that were capitalized were directly attributable to acquisition, exploration and development activities and did not include costs related to general corporate overhead or similar activities. Costs associated with general corporate activities were expensed in the period incurred. Capitalized costs for year ended December, 2016 are summarized as follows: Year Ended December 31, 2016 Capitalized Certain Payroll and Other Internal Costs $ – Capitalized Interest Costs 7,219 Total $ 7,219 Proceeds from sales of proved properties were credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 20% or more of the proved reserves related to a single full cost pool. The Company assessed all items classified as unevaluated property on a quarterly basis for possible impairment or reduction in value. The assessment included 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 an impairment, the cumulative drilling costs incurred to date for such property and all or a portion of the associated leasehold costs were transferred to the full cost pool and were then subject to amortization. Capitalized costs associated with impaired properties and properties having proved reserves, estimated future development costs, and asset retirement costs under FASB ASC 410-20-25 were depleted and amortized on the unit-of-production method based on the estimated gross proved reserves as determined by independent petroleum engineers. The costs of unproved properties were withheld from the depletion base until such time as they are either developed or abandoned. Capitalized costs of oil and gas properties (net of related deferred income taxes) could not exceed an amount equal to the present value, discounted at 10% per annum, of the estimated future net cash flows from proved oil and gas reserves plus the cost of unproved properties (adjusted for related income tax effects). When capitalized costs exceeded this ceiling, impairment was recognized. The present value of estimated future net cash flows was computed by applying the arithmetic average first day price of oil and natural gas for the preceding twelve months to estimated future production of proved oil and gas reserves as of the end of the period, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions. Such present value of proved reserves' future net cash flows excludes future cash outflows associated with settling asset retirement obligations. When this comparison indicated an excess carrying value, the excess was charged to earnings as an impairment expense. The Company recognized an impairment loss of $5,219,000 during the year ended December 31, 2016. The impairment loss is reflected as a component of discontinued operations on the statement of operations for the period. Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants and restricted stock. The number of potential common shares outstanding relating to stock options, warrants and restricted stock is computed using the treasury stock method. The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the years ended December 31, 2017 and 2016 are as follows: Years Ended December 31, 2017 2016 Weighted average common shares outstanding – basic 160,970,732 47,979,990 Plus: Potentially dilutive common shares: Stock options and warrants – – Weighted average common shares outstanding – diluted 160,970,732 49,979,990 For 2017 and 2016, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Stock options and warrants excluded from the calculation of diluted EPS because their effect was anti-dilutive were 11,292,300 and 10,957,000 of December 31, 2017 and 2016, respectively. Stock-Based Compensation Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. Amortization of the fair values of stock options issued for services and compensation totaled $574,851 and $626,602 for the years ended December 31, 2017 and 2016, respectively. The fair values of stock options were determined using the Black-Scholes options pricing model and an effective term of 6 to 6.5 years based on the weighted average of the vesting periods and the stated term of the option grants and the discount rate on 5 to 7 year U.S. Treasury securities at the grant date and are being amortized over the related implied service term, or vesting period. Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities can periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's financial statements upon adoption. In December 2016, the FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers In August, 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments This guidance provides guidance of eight specific cash flow issues. This amendment is effective for periods beginning after December 15, 2017, with early adoption permitted. The Company adopted this standard on January 1, 2018 and anticipates it will not have a material impact on its financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations

3. Going Concern

3. Going Concern	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	As shown in the accompanying financial statements, as of December 31, 2017 the Company had a cash balance of $1,477,089 and total working capital of $1,379,518. The Company has no revenue source presently. Based on projections of cash expenditures in the Company’s current business plan, the cash on hand would be insufficient to fund the Company’s general and administrative expenses over the next year. The Company continues to pursue sources of additional capital through various management fee agreements and financing transactions or arrangements, including joint venturing of projects, equity financing or other means. Additionally, as online gambling becomes legal in certain states, we may be due additional proceeds from our settlement agreement with Peerless/Electra Works and their successors if they choose to operate in those states. We may not be successful in identifying suitable funding transactions in a sufficient time period or at all, and we may not obtain the capital we require by other means. If we do not succeed in raising additional capital, our resources may not be sufficient to fund our business. The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

4. Debt Restructuring

4. Debt Restructuring	12 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Debt Restructuring	On March 29, 2016, the Company entered into an Asset Contribution Agreement with Black Ridge Holding Company, LLC, a Delaware limited liability company (“BRHC”) which was previously formed by the Company to contribute and assign to BRHC, all of the Company's (i) oil and gas assets (including working capital and tangible and intangible assets) (the “Assets”), (ii) outstanding balances under that certain Credit Agreement between the Company, as borrower, and Cadence Bank, N.A. (“Cadence”), as lender (the “Cadence Credit Facility”) and the outstanding balances under that certain Credit Agreement between the Company, as borrower, and the several banks and other financial institutions or entities from time to time parties thereto (the “Chambers”), and Chambers, as administrative agent (the “Chambers Credit Facility”) and (iii) all current liabilities related to the Assets, in exchange for 5% of the issued and outstanding Class A Units (the “Class A Units”) in BRHC (the “Asset Contribution”). On March 29, 2016, affiliates of Chambers Energy Management, LP (“Chambers”) (specifically, Chambers Energy Capital II, LP and CEC II TE, LLC (collectively, the “Chambers Affiliates”)) entered into a Debt Contribution Agreement between BRHC and the Chambers Affiliates, pursuant to which BRHC issued a number of Class A Units representing 95% of the Class A Units of BRHC to the Chambers Affiliates in exchange for the release of BRHC's obligations under the Chambers Credit Facility (the “Satisfaction of Debt” and, together with the Asset Contribution, the “BRHC Transaction”). Concurrent with the Satisfaction of Debt, each warrant originally issued with the Chambers Credit Facility was automatically retired and cancelled. The closing of the BRHC Transaction was subject to the Company obtaining the approval of stockholders holding a majority of its outstanding capital stock and to the Company having assigned the Cadence Credit Agreement to BRHC with Cadence’s consent, and BRHC and Cadence entering into any applicable amendment agreements related to such assignment and waiver of financial covenant ratio compliance for the quarter ended December 31, 2015 and quarter ending March 31, 2016. On June 21, 2016, the Company satisfied all of these conditions and, for accounting purposes, the BRHC Transaction was closed. The parties have agreed that the BRHC Transaction, the Asset Contribution and the Satisfaction of Debt are effective, for valuation purposes, as of April 1, 2016. The terms of the Class A Units of BRHC are set forth in the limited liability company agreement of BRHC (the “LLC Agreement”), which became effective upon the closing of the BRHC Transaction. All distributions by BRHC of cash or other property, and whether upon liquidation or otherwise, will be made as follows: • First, 100% to the Class A Members, pro rata, until each Class A Member has received distributions in aggregate totaling the then Class A Preference, which is an amount equal to a 10.0% internal rate of return on the invested capital amount. • Second, 90% to the Class A Members, pro rata, and 10% to the Class B Members, pro rata, until such time as the aggregate distributions to Chambers equals 250% of the capital contribution of its Class A Units. • Third, 80% to the Class A Members, pro rata, and 20% to the Class B Members, pro rata. BRHC was managed by the BRHC Board, which had been responsible for the conduct of the day-to-day business of BRHC and the management, oversight and disposition of the assets of BRHC. The initial BRHC Board was comprised of three managers, consisting of two managers appointed by Chambers and one member from the Company. In addition, under the LLC Agreement, Chambers committed to contribute up to $30 million cash (the “Chambers Investment Commitment”) to BRHC in exchange for Class A Units. At Closing, Chambers funded $10 million (the “Initial Chambers Investment”) of the Chambers Investment Commitment, the proceeds of which were used to reduce outstanding amounts owed by BRHC to Cadence under the Cadence Credit Facility and for general corporate purposes. The remaining $20 million (the “Subsequent Chambers Investment”), subject to certain conditions, may be called from time to time during the Investment Period by the board of managers of BRHC (the “BRHC Board”). The Initial Chambers Investment and any Subsequent Chambers Investment shall serve to proportionately reduce the Company's Class A Units percentage ownership in BRHC. The investment period shall be the lesser of three years or such time as the entire Chambers Investment Commitment has been called by the BRHC Board (the “Investment Period”). Any portion of Chambers Investment Commitment not called by the BRHC Board prior to the expiration of the Investment Period will be cancelled. In no event will Chambers be required to make a capital contribution in an amount in excess of its undrawn commitment. The Company was granted 1,000,000 Class B Units in BRHC at the Closing of the BRHC Transaction. At the discretion of the BRHC’s Board of Managers, the Company may be granted additional Class B Units in BRHC, and in turn, the Company may transfer such Class B Units to certain members of the Company's management. Subject to certain conditions, the Class B Units will entitle the holders to participate in any future distributions of BRHC after distributions equal to the capital contributions and preferred return have been made to the holders of Class A Units of BRHC. At the closing of the BRHC Transaction, the Company entered into a Management Services Agreement with BRHC. Under the Management Services Agreement, the Company provided services to BRHC with respect to the business operations of BRHC, including but not limited to locating, investigating and analyzing potential non-operator oil and gas projects and day-to-day operations related to such projects. The Company received a fee under the Management Services Agreement intended to cover the costs of providing such services and is reimbursed for certain third party expenses. The term of the Management Services Agreement commenced on the closing of the BRHC Transaction and continued indefinitely, unless terminated, which required a three month notice by the terminating party. The management services agreement was terminated by BRHC as of June 30, 2017. As a result of the transaction, the Company recorded for the year ended December 31, 2016 a gain on debt restructuring of $41,621,150 calculated as the difference between our final ownership interest in BRHC, after conversion of debt to equity and the equity contribution of the Initial Chambers Investment within BRHC and our retention of a 3.88% ownership interest in BRHC, and the net book value of the assets and labilities we transferred to BRHC. The income and expense for the associated with the operating activities (through June 21, 2016, the date of the BRHC transaction) contributed in the BRHC Transaction are reflected as “Loss from discontinued items, net of income taxes” on our statement of operations for the year ended December 31, 2016. The items included in “Loss from discontinued operations, net of income taxes” are as follows: For the Year Ended December 31, 2016 Oil and gas sales $ 5,539,613 Gain on settled derivatives 1,043,026 Loss on the mark-to-market of derivatives (4,288,736 ) Total revenues 2,293,903 Operating expenses: Production expenses 1,400,639 Production taxes 568,028 General and administrative 476,461 Depletion of oil and gas properties 3,114,347 Impairment of oil and gas properties 5,219,000 Accretion of discount on asset retirement obligations 16,258 Total operating expenses 10,794,733 Net operating loss (8,500,830 ) Other income (expense): Interest expense (1,696,544 ) Total other income (expense) (1,696,544 ) Loss before provision for income taxes (10,197,374 ) Provision for income taxes – Net income (loss) $ (10,197,374 ) As described in Note 8, BRHC was dissolved in October of 2017.

5. Rights Offering and Formatio

5. Rights Offering and Formation of Black Ridge Acquisition Corp.	12 Months Ended
	Dec. 31, 2017
Rights Offering And Formation Of Black Ridge Acquisition Corp.
Rights Offering and Formation of Black Ridge Acquisition Corp.	The Company filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) to register the issuance of 431,819,910 shares of common stock in the Rights Offering that was declared effective by the SEC on August 3, 2017. Pursuant to the Rights Offering, the Company distributed, on a pro rata basis, one right for each share of common stock owned by shareholders on August 2, 2017 (the “Record Date”). Each right permitted a shareholder to purchase up to nine shares of common stock at a subscription price of $0.012 per share. The Rights Offering expired on September 8, 2017 (the “Expiration Date”). In connection with the Rights Offering, the Company also entered into a Standby Purchase Agreement (the “Backstop Agreement”) with a consortium of investors, including members of the Company’s board of directors and our Chief Executive Officer (collectively, the “Backstop Purchasers”), who agree to purchase up to $2.9 million of the unsubscribed shares following the completion of the rights offering. On September 26, 2017, the Company completed the Rights Offering, raising gross proceeds of $5,181,839 and issued 431,819,910 shares in connection with the exercise of rights in connection with the Rights Offering and related Backstop Agreement. Under the Rights Offering the Company’s current shareholders exercised rights to purchase 199,811,421 shares of stock for a total of $2,397,737. Under the Backstop Agreement, the Backstop Purchasers purchased 232,008,489 shares of stock for a total of $2,784,102. Officers and directors of the Company purchased 173,843,308 shares between the Rights Offering and as participants of the Backstop Agreement for $2,086,120 and received 179,376 warrants to purchase shares of common stock at $0.01 per share for their participation in the Backstop Agreement. The remaining 257,976,602 shares were purchased by non-related parties for proceeds of $2,965,555. The warrants issued to related parties fair value was estimated to be $4,179 (see Note 17). The Company incurred $130,164 in costs associated with raising capital, which has been netted against stockholders’ equity. Additionally as part of Backstop agreement, the Company issued 435,000 warrants to purchase its common stock at $0.01 for participants in the Backstop Agreement. The warrants fair value was estimated to be $10,135 (see Note 17). On October 10, 2017 and October 18, 2017, in connection with the underwriter exercising its over-allotment option, the Company use the net proceeds of the Rights Offering to fulfill its obligation as sponsor of a special purpose acquisition company, proceeds from the Rights Offering following the sponsorship be used for general corporate purposes.

6. BRAC's IPO, Consolidation of

6. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	12 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	BRAC’s IPO The registration statement for the BRAC’s IPO was declared effective on October 4, 2017. The registration statement was initially declared effective for 10,000,000 units (“Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), but the offering was increased to 12,000,000 Units pursuant to Rule 462(b) under the Securities Act of 1933, as amended. On October 10, 2017, the Company consummated the Initial Public Offering of 12,000,000 units, generating gross proceeds of $120,000,000. Simultaneous with the closing of the Initial Public Offering, BRAC sold 400,000 units (the “Placement Units”) at a price of $10.00 per Unit in a private placement to BROG, generating gross proceeds of $4,000,000. BROG’s investment in BRAC’s common stock is eliminated in consolidation. Transaction costs relating to the IPO amounted to $2,882,226, consisting of $2,400,000 of underwriting fees and $482,226 of other costs. Following the closing of the IPO on October 10, 2017, an amount of $120,600,000 ($10.05 per Unit) from the net proceeds of the sale of the Units in the IPO and the Placement Units was placed in a trust account (“Trust Account”) and is invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below. On October 18, 2017, in connection with the underwriters’ exercise of their over-allotment option in full, BRAC sold an additional 1,800,000 Units and the sale of an additional 45,000 Placement Units to BROG at $10.00 per Unit, generating total proceeds of $18,450,000. Transaction costs for underwriting fees on the sale of the over-allotment units were $360,000. Following the closing, an additional $18,090,000 of the net proceeds ($10.05 per Unit) was placed in the Trust Account, bringing the total aggregate proceeds held in the Trust Account to $138,690,000 ($10.05 per Unit). BROG’s investment in BRAC’s common stock is eliminated in consolidation. BRAC’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and private placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the BRAC will be able to complete a Business Combination successfully. Upon the closing of the IPO, $ 10.05 per Unit sold in the IPO, including some of the proceeds of the Private Placements was deposited in a trust account (“Trust Account”) to be held until the earlier of (i) the consummation of its initial Business Combination or (ii) BRAC’s failure to consummate a Business Combination within 21 months from the consummation of the IPO (the “Combination Period”). Placing funds in the Trust Account may not protect those funds from third party claims against BRAC. Although BRAC will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with BRAC waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Trust Account is maintained by a third party trustee. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to BRAC for any amounts that are necessary to pay BRAC’s income and other tax obligations and up to $50,000 that may be used to pay for the costs of liquidating BRAC. BROG has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.05 per share by the claims of target businesses or claims of vendors or other entities that are owed money by BRAC for services rendered or contracted for or products sold to BRAC, but there is no assurance that BROG will be able to satisfy its indemnification obligations if it is required to do so. Additionally, the agreement entered into by BROG specifically provides for two exceptions to the indemnity it has given: it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity who has executed an agreement with BRAC waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account, or (2) as to any claims for indemnification by the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended. Initial Business Combination Pursuant to the Nasdaq Capital Markets listing rules, BRAC’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. The fair market value of the target will be determined by BRAC’s board of directors based upon one or more standards generally accepted by the financial community (such as actual and potential sales, earnings, cash flow and/or book value). The target business or businesses that BRAC acquires may have a collective fair market value substantially in excess of 80% of the Trust Account balance. In order to consummate such a Business Combination, BRAC may issue a significant amount of its debt or equity securities to the sellers of such business and/or seek to raise additional funds through a private offering of debt or equity securities. If BRAC’s securities are not listed on NASDAQ after the IPO, BRAC would not be required to satisfy the 80% requirement. However, BRAC intends to satisfy the 80% requirement even if BRAC’s securities are not listed on NASDAQ at the time of the initial Business Combination. BRAC will provide the public stockholders, who are the holders of the common stock which was sold as part of the Units in the IPO, whether they are purchased in the IPO or in the aftermarket, or “Public Shares”, including BROG to the extent that it purchases such Public Shares (“Public Stockholders”), with an opportunity to redeem all or a portion of their Public Shares of BRAC’s Common stock, irrespective of whether they vote for or against the proposed transaction or if BRAC conducts a tender offer, upon the completion of the initial Business Combination either (1) in connection with a stockholder meeting called to approve the Business Combination, or (ii) by means of a tender offer, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest (net of franchise and income taxes payable, divided by the number of then outstanding Public Shares. The amount in the Trust Account, net of franchise and income taxes payable, currently amounts to $10.06 per Public Share. The common stock subject to redemption will be recorded at a redemption value and classified a temporary equity upon the completion of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. BRAC will proceed with a Business Combination only if BRAC has net tangible assets of at upon such consummation of a Business Combination and in the case of a stockholder vote, a majority of the outstanding shares voted are voted in favor of the Business Combination. The decision as to whether BRAC will seek stockholder approval of a proposed Business Combination or conduct a tender offer will be made by BRAC, solely in its discretion, based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require it to seek stockholder approval under the law or stock exchange listing requirement. If a stockholder vote is not required and BRAC decides not to hold a stockholder vote for business or other legal reasons, BRAC will, pursuant to the proposed amended and restated certificate of incorporation, (i) conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and (ii) file tender offer documents with the SEC prior to completing the initial Business Combination which contain substantially the same financial and other information about the initial Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies. BROG has agreed to vote its Founder Shares and any Public Shares purchased during or after the IPO in favor of the initial Business Combination, and BRAC’s executive officers and directors have also agreed to vote any Public Shares purchased during or after the IPO in favor of the Initial Business Combination. BROG entered into a letter agreement, pursuant to which it agreed to waive its redemption rights with respect to the Founder Shares, shares included in the Placement Units and Public Shares in connection with the completion of the initial Business Combination. In addition, BROG has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and shares included in the Placement Units if BRAC fails to complete the initial Business Combination within the prescribed time frame. However, if BROG (or any of BRAC’s executive officers, directors or affiliates) acquires Public Shares in or after the IPO, it will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares in the event BRAC does not complete the initial Business Combination within such applicable time period. Failure to Consummate a Business Combination If BRAC is unable to complete the initial Business Combination within the Combination Period, BRAC must: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of BRAC’s remaining stockholders and BRAC’s Board of Directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to BRAC’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. Consolidation of BRAC and Non-controlling Interest The Company has determined that BRAC, following its IPO, is a variable interest entity (“VIE”) and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and BROG has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements contain the operations of the BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a redeemable non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. The net earnings attributable to the IPO shareholders are subtracted from the net loss for the year ended December 31, 2017 to arrive at the net loss attributable to the Company and the non-controlling interest on the balance sheet was adjusted to include the net earnings attributable to the IPO shareholders. Intercompany transactions and eliminations BROG is paid a management fee by BRAC of $10,000 per month as part of an administrative services agreement, which commenced October 5, 2017, for general and administrative services including the cost of office space and personnel dedicated to BRAC. BROG is reimbursed for any out-of-pocket expenses, particularly travel, incurred in connection with activities on BRAC’s behalf, including but not limited to identifying potential target businesses and performing due diligence on suitable business combinations. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by BRAC. BRAC paid a total of $28,710 to BROG for such services during the year ended December 31, 2017. The management services income of BROG and the management services expense of BRAC as well as any balances due between the companies for such services or reimbursements were eliminated in consolidation. BROG’s investment in BRAC and the resulting equity recorded by BRAC have been eliminated upon consolidation. Additionally, as a result of recognizing the fair value of the upon redemption of the redeemable shares held by the BRAC IPO shareholders as a non-controlling interest as per ASC 810-10-45-23, BROG has recognized an adjustment of $3,932,126 to additional paid-in capital. The non-controlling interest in BRAC held by the BRAC’s IPO shareholders is presented on the balance sheet as temporary equity.

7. Prepaid Expenses

7. Prepaid Expenses	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses	Prepaid expenses consist of the following: December 31, 2017 2016 Prepaid insurance costs $ 24,999 $ 43,324 Prepaid employee benefits 11,716 11,844 Prepaid office and other costs 32,102 31,724 Total prepaid expenses $ 68,817 $ 86,892

8. Related Party

8. Related Party	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party	During the year ended December 31, 2016, we granted various awards to our Officers and Directors as compensation for their services. These related party grants are fully disclosed in Note 16 below. No awards were granted in 2017. Prior to July 1, 2016, the Company leased office space on a month to month basis where the lessor is an entity owned by our former CEO and current Chairman of the Board of Directors, Bradley Berman. Pursuant to the lease, we occupied approximately 2,813 square feet of office space. We terminated the lease concurrent with our move to another location on June 30, 2016. The lease had base rents of $2,110 per month, plus common area operations and maintenance charges, and monthly parking fees of $240 per month, for the period from November 15, 2013 to October 31, 2014, and was subject to increases of $117 per month beginning November 1, 2014 and for each of the subsequent annual periods. We paid a total of $36,183 to this entity during the year ended December 31, 2016. As described in Note 5, officers and directors of the Company purchased 173,843,308 shares between the Rights Offering and as participants of the Backstop Agreement for $2,086,120 and received 179,376 warrants to purchase shares of common stock at $0.01 per share for their participation in the Backstop Agreement.

9. Investment in Black Ridge Ho

9. Investment in Black Ridge Holding Company, LLC	12 Months Ended
	Dec. 31, 2017
Investments, All Other Investments [Abstract]
Investment in Black Ridge Holding Company, LLC	The investment in Black Ridge Holding Company, LLC as of December 31, 2016 represents our equity interest in Black Ridge Holding Company, LLC following the debt restructuring and related activity as described in Note 4 – Debt Restructuring. We accounted for the investment using the cost method. Dissolution of BRHC The Company and the Chambers Affiliates as the members of BRHC agreed to dissolve and wind up BRHC and filed a Certificate of Cancellation under the Delaware Limited Liability Company Act as of October 3, 2017. On October 2, 2017, the Company entered into an agreement with the Chambers Affiliates whereby certain assets distributed to the Company upon the dissolution and winding up of BRHC, effective as of October 1, 2017, were sold to the Assignees in exchange for cash consideration of $1,078,394. Additionally, cash and receivables totaling to $4,645 in value, were distributed directly to the Company from BRHC. As a result of the transactions, eliminating the Company’s basis in its investment in BRHC and deducting certain transaction related expenses, the Company recorded a gain of $1,030,145.

10. Property and Equipment

10. Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property and equipment:
Property and Equipment	Property and equipment at December 31, 2017 and December 31, 2016, consisted of the following: December 31, December 31, 2017 2016 Property and equipment $ 128,156 $ 140,547 Less: Accumulated depreciation and amortization (117,459 ) (112,128 ) Total property and equipment, net $ 10,697 $ 28,419 During the year ended December 31, 2017 we sold certain assets with a book value of $6,874 for proceeds of $2,160, resulting in a loss on disposal of $4,714. The following table shows depreciation, depletion, and amortization expense by type of asset: Year Ended December 31, 2017 2016 Depletion of costs for evaluated oil and gas properties (1) $ – $ 3,114,347 Depreciation and amortization of other property and equipment 10,848 14,271 Total depreciation, amortization and depletion $ 10,848 $ 3,128,618 (1) Impairment of Oil and Gas Properties As a result of low commodity prices and their effect on the proved reserve values of properties in 2016, we recorded a non-cash ceiling test impairment of $5,219,000 for the year ended December 31, 2016. The expense associated with the impairments is presented as component of loss from discontinued operations, net of income taxes. The impairment charges affected our reported net income but did not reduce our cash flow.

11. Oil and Natural Gas Propert

11. Oil and Natural Gas Properties	12 Months Ended
	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Oil and Natural Gas Properties	The following tables summarize gross and net productive oil wells by state at June 21, 2016 (prior to their disposition through our debt restructuring). A net well represents our percentage ownership of a gross well. The following tables do not include wells in which our interest is limited to royalty and overriding royalty interests. The following tables also do not include wells which were awaiting completion, in the process of completion or awaiting flow back subsequent to fracture stimulation. June 21, 2016 Gross Net North Dakota 352 10.64 Montana 5 0.37 357 11.01 The Company’s oil and natural gas properties consist of all acreage acquisition costs (including cash expenditures and the value of stock consideration), drilling costs and other associated capitalized costs. As of June 21, 2016, our principal oil and gas assets included approximately 7,016, respectively, located in North Dakota and Montana. The following table summarizes our capitalized costs for the purchase and development of our oil and natural gas properties for the years ended December 31, 2016 (prior to their disposition through our debt restructuring): Year Ended December 31, 2016 Purchases of oil and natural gas properties and development costs for cash $ 4,858,134 Purchase of oil and natural gas properties accrued at period end (prior to disposition) 3,155,016 Purchase of oil and natural gas properties accrued at the beginning of period (6,899,503 ) Capitalized asset retirement obligations 4,737 Total purchase and development costs, oil and natural gas properties $ 1,118,384 2016 Disposals During 2016, the Company sold, prior to our debt restructuring, approximately 14 net mineral acres of oil and natural gas properties for total proceeds of $94,628. No gain or loss was recorded pursuant to the sales. 2016 Disposition in Debt Restructuring On June 21, 2016 we disposed of all of our oil and gas properties, with net carrying costs of $24,498,638, as part of our debt restructuring as outlined in Note 4 – Debt Restructuring.

12. Asset Retirement Obligation

12. Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	The Company has asset retirement obligations (ARO) associated with the future plugging and abandonment of proved properties and related facilities. Under the provisions of FASB ASC 410-20-25, the fair value of a liability for an asset retirement obligation is recorded in the period in which it is incurred and a corresponding increase in the carrying amount of the related long lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The Company has no assets that are legally restricted for purposes of settling asset retirement obligations. The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410-20-25 during the year ended December 31, 2016: Year ended December 31, 2016 Beginning ARO $ 368,089 Liabilities incurred for new wells placed in production 4,737 Accretion of discount on ARO (a component of loss from discontinued operations) 16,258 Liability relieved in debt restructuring (389,084 ) Ending ARO $ –

13. Derivative Instruments

13. Derivative Instruments	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	The Company is required to recognize all derivative instruments on the balance sheet as either assets or liabilities measured at fair value. The Company has not designated its derivative instruments as hedges for accounting purposes and, as such, marks its derivative instruments to fair value and recognizes the realized and unrealized changes in fair value in its statements of operations under the captions “Loss on Settled Derivatives” and “Losses on the mark-to-market of derivatives.” The Company has utilized swap and collar derivative contracts to hedge against the variability in cash flows associated with the forecasted sale of crude oil production. While the use of these derivative instruments limits the downside risk of adverse price movements, their use also limits the upside revenue potential of upward price movements. For a fixed price swap contract, the counterparty is required to make a payment to the Company if the settlement price for any settlement period is less than the swap price and the Company is required to make a payment to the counterparty if the settlement price for any period is greater than the swap price. For a collar contract, the counterparty is required to make a payment to the Company if the settlement price for any settlement period is below the floor price, the Company is required to make a payment to the counterparty if the settlement price for any settlement period is above the ceiling price and no payment is required by either party if the settlement price for any settlement period is between the floor price and the ceiling price. The Company’s derivative contracts are settled based on reported settlement prices on commodity exchanges, with crude oil derivative settlements based on NYMEX West Texas Intermediate (“WTI”) pricing. As of June 21, 2016 all of our then outstanding derivative contracts, with a mark-to-market liability valuation of $3,134,336, were transferred to BRHC as part of the debt restructuring. Derivative Gains and Losses The following table presents realized and unrealized gains and losses on derivative instruments for the periods presented: Year Ended December 31, 2016 Realized gain on derivatives: Crude oil fixed price swaps $ 922,872 Crude oil collars 120,154 Realized gain on derivatives, net $ 1,043,026 Gain (loss) on the mark-to-market of derivatives: Crude oil fixed price swaps $ (4,157,491 ) Crude oil collars (131,245 ) Gain (loss) on the mark-to-market of derivatives, net $ (4,288,736 )

14. Fair Value of Financial Ins

14. Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company has cash and cash equivalents and a revolving credit facility that must be measured under the fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balances sheet as of December 31, 2017 and 2016: Fair Value Measurements at December 31, 2017 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,477,089 Restricted cash and investments held in trust 138,980,353 $ – $ – Total assets 140,457,442 – – Liabilities Total Liabilities – – – $ 140,457,442 $ – $ – Fair Value Measurements at December 31, 2016 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 66,269 $ – $ – Total assets 66,269 – – Liabilities Total Liabilities – – – $ 66,269 $ – $ – There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the years ended December 31, 2017 and 2016. Level 2 liabilities include revolving credit facilities. No fair value adjustment was necessary during the years ended December 31, 2017 and 2016.

15. Revolving Credit Facilities

15. Revolving Credit Facilities and Long Term Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Revolving Credit Facilities and Long Term Debt	Promissory Note On July 7, 2017 the Company entered into a $500,000 Promissory Note (the Note) issued to Cadence Bank, N.A. (Cadence) and a Security Agreement by the Company in favor of Cadence. The Note bore interest at 4.5% per annum payable monthly and was due on October 7, 2017. The Note was repaid in full on September 14, 2017. The Note was secured by the Company’s deposit account at Cadence and all of the Company’s rights, title and interests in and to the contractual rights of the Company to receive payment from Chambers Energy Management for the purchase of the Company’s interest in Black Ridge Holding Company, LLC. The Company incurred and paid $4,313 in interest on the Note and paid $4,400 in origination fees and other set up costs that are included in interest expense on the statement of operations. Former Senior Credit Agreement The Company, as borrower, entered into a Credit Agreement dated August 8, 2013 and amendments thereto dated December 13, 2013, March 24, 2014, April 21, 2014, September 11, 2014, March 30, 2015 and August 10, 2015 (as amended, the “Senior Credit Agreement ” Availability under the Senior Credit Facility was at all times subject to the then-applicable borrowing base, determined by Cadence in a manner consistent with the normal and customary oil and gas lending practices of Cadence. Availability was initially set at $7 million and was subject to periodic redeterminations. Subject to availability under the borrowing base, the Company could borrow, repay and re-borrow funds in amounts of $250,000 or more. At the Company’s election, the unpaid principal balance of any borrowings under the Senior Credit Facility may bear interest at either (i) the Base Rate, as defined in the Senior Credit Facility, plus the applicable margin, which varies from 1.00% to 1.50% or (ii) the LIBOR rate, as defined in the Senior Credit Facility, plus the applicable margin, which varies from 3.00% to 3.50%. Interest was payable for Base Rate loans on the last business day of the month and for LIBOR loans on the last LIBOR business day of each LIBOR interest period. The Company was also required to pay a quarterly fee of 0.50% on any unused portion of the borrowing base, as well as a facility fee of 0.90% of the initial and any subsequent additions to the borrowing base. The Senior Credit Facility’s maturity date of August 8, 2016, was subsequently amended to January 15, 2017 pursuant to the amendment on March 30, 2015. The Company could prepay the entire amount of Base Rate loans at any time, and could prepay the entire amount of LIBOR loans upon at least three business days’ notice to Cadence. The Senior Credit Facility was secured by first priority interests in mortgages on substantially all of the Company’s assets, including but not limited to the Company’s mineral interests in North Dakota and Montana. As part of the debt restructuring outline in Note 4 – Debt Restructuring, the Company transferred the obligation with a balance outstanding of $29,400,000 under the Senior Credit Facility to BRHC on June 21, 2016. Former Subordinated Credit Facility The Company, as borrower, entered into a Second Lien Credit Agreement dated August 8, 2013 and amendments thereto dated December 13, 2013, March 24, 2014, April 21, 2014, September 11, 2014, March 30, 2015, and August 10, 2015 (as amended, the “Subordinated Credit Agreement”) by and among the Company, as borrower, Chambers Energy Management, LP, as administrative agent (“Chambers”), and the several other lenders named therein (the “Subordinated Credit Facility”). Under the Subordinated Credit Facility, term loans in the aggregate principal amount of up to $75 million were available from time to time (i) to repay the Previous Credit Facility, (ii) for fees and closing costs in connection with both the Senior Credit Facility and the Subordinated Credit Facility (together, the “Credit Facilities”), and (iii) general corporate purposes. The Subordinated Credit Agreement provided initial commitment availability of $25 million, which was subsequently amended to $30 million, with the remaining commitments subject to the approval of Chambers and other customary conditions. The Company could borrow the available commitments in amounts of $5 million or more and could not request borrowings of such loans more than once a month, provided that the initial draw was at least $15 million. Loans under the Subordinated Credit Facility were funded net of a 2% OID. The unpaid principal balance of borrowings under the Subordinated Credit Facility bore interest at the Cash Interest Rate plus the PIK Interest Rate. The Cash Interest Rate was 9.00% per annum plus a rate per annum equal to the greater of (i) 1.00% and (ii) the offered rate for three-month deposits in U.S. dollars that appears on Reuters Screen LIBOR 01 as of 11:00 a.m. (London time) on the second full LIBOR business day preceding the first day of each calendar quarter. The PIK Interest Rate was equal to 4.00% per annum. Interest was payable on the last day of each month. The Company was also required to pay an annual nonrefundable administration fee of $50,000 and a monthly availability fee computed at a rate of 0.50% per annum on the average daily amount of any unused portion of the available amount under the commitment. The Subordinated Credit Facility was to mature on June 30, 2017. Upon at least three business days’ written notice, the Company could prepay the entire amount under the loans, together with accrued interest. Each prepayment made prior to the second anniversary of the funding date, as defined in the Subordinated Credit Facility, would be accompanied by a make-whole amount, as defined in the Subordinated Credit Agreement. Prepayments made on or after the second anniversary of the funding date were accompanied by an applicable premium, as set forth in the Subordinated Credit Agreement. The Subordinated Credit Facility was secured by second priority interests on substantially all of the Company’s assets, including but not limited to second priority mortgages on the Company’s mineral interests in North Dakota and Montana. The first funding from the Subordinated Credit Facility occurred on September 9, 2013 at which time we drew $14,700,000, net of a $300,000 original issue discount, from the Subordinated Credit Agreement and used $10,226,057 of those proceeds to repay and terminate a previously outstanding revolving credit facility. We had drawn an additional $14,700,000, net of $300,000 original issue discounts, through June 21, 2016. The Company had borrowings of $30.0 million outstanding under the Subordinated Credit Facility as of June 21, 2016. The obligations under the Subordinated Credit Facility, $30.0 million of principal and $2,931,369 of PIK interest payable, were transferred to BRHC and converted to equity in BRHC as part of the debt restructuring outlined in Note 4 - Debt Restructuring on June 21, 2016. Intercreditor Agreements and Covenants Cadence and Chambers had entered into an Intercreditor Agreement dated August 8, 2013 (the “Intercreditor Agreement”). The Intercreditor Agreement provided that any liens on the assets of the Company securing indebtedness under the Subordinated Credit Facility were subordinate to liens on the assets securing indebtedness under the Senior Credit Facility and set forth the respective rights, obligations and remedies of the lenders under the Senior Credit Facility with respect to their first priority liens and the lenders under the Subordinated Credit Facility with respect to their second priority liens. The Credit Facilities, as amended, required customary affirmative and negative covenants for credit facilities of the respective types and sizes for companies operating in the oil and gas industry, as well as customary events of default. Furthermore, the Credit Facilities contain financial covenants that required the Company to satisfy certain specified financial ratios. The Senior Credit Agreement required the Company to maintain, as of the last day of each fiscal quarter of the Company, (i) a collateral coverage ratio (reserve value plus consolidated working capital to adjusted indebtedness) of at least 0.65 to 1.00 through the quarter ending June 30, 2014, 0.70 to 1.00 for the quarters ending September 30, 2014 and December 31, 2014, was waived for the quarters ending March 31, 2015 and June 30, 2015, and 0.70 to 1.00 for the quarter ending September 30, 2015, and 0.80 to 1.00 for the quarter ending December 31, 2015 and thereafter, (ii) a ratio of current assets, including debt facility available to be drawn, to current liabilities of a minimum of 1.0 to 1.0, except for the quarter ending June 30, 2014, which was waived, (iii) a net debt to EBITDAX, as defined in the Senior Credit Agreement, ratio of 3.75 to 1.00 for the quarter ended March 31, 2014, 4.25 to 1.00 for the quarters ended June 30, 2014 and September 30, 2014, 4.00 to 1.00 for the quarter ended December 31, 2014, was waived for the quarters ended March 31, 2015 and June 30, 2015, and 3.50 to 1.00 for the quarter ending September 30, 2015, and 3.65 to 1.00 for the quarter ending December 31, 2015, and 3.50 to 1.00 for the quarter ending March 31, 2016 and thereafter, in each case calculated on a modified trailing four quarter basis, (iv) a maximum senior leverage ratio of not more than 2.5 to 1.0 calculated on a modified trailing four quarter basis, and (v) a minimum interest coverage ratio of not less than 3.0 to 1.0. The Subordinated Credit Agreement required the Company to maintain, as of the last day of each fiscal quarter of the Company, (i) a collateral coverage ratio (reserve value plus consolidated working capital to adjusted indebtedness) of at least 0.65 to 1.00 through the quarter ending June 30, 2014, 0.70 to 1.00 for the quarters ending September 30, 2014 and December 31, 2014, was waived for the quarters ending March 31, 2015 and June 30, 2015, and 0.70 to 1.00 for the quarter ending September 30, 2015, and 0.80 to 1.00 for the quarter ending December 31, 2015 and thereafter, (ii) a consolidated net leverage ratio (adjusted total indebtedness less the amount of unrestricted cash equivalents to consolidated EBITDA) of no more than 3.75 to 1.00 for the quarter ending March 31, 2014, 4.25 to 1.00 for the quarters ending June 30, 2014 and September 30, 2014, 4.00 to 1.00 for the quarter ending December 31, 2014, was waived for the quarters ending March 31, 2015 and June 30, 2015, and 3.50 to 1.00 for the quarter ending September 30, 2015, and 3.65 to 1.00 for the quarter ending December 31, 2015, and 3.50 to 1.00 for the quarter ending March 31, 2016 and thereafter, calculated on a modified trailing four quarter basis, (iii) a consolidated cash interest coverage ratio (consolidated EBITDA to consolidated cash interest expense) of no less than 2.5 to 1.0, calculated on a modified trailing four quarter basis and (iv) a ratio of consolidated current assets to consolidated current liabilities of at least 1.0 to 1.0, except for the quarter ending June 30, 2015 when the covenant was waived. In addition, each of the Credit Facilities required that the Company enter into hedging agreements based on anticipated oil production from currently producing wells as agreed to by the lenders. Covenant Violations The Company was out of compliance with the collateral coverage ratio covenant as of March 31, 2016 and December 31, 2015 and the current ratio covenant as defined by the Subordinated Credit Facility as of March 31, 2016. Additionally, the audit report the Company received with respect to its financial statements as of December 31, 2015 contains an explanatory paragraph expressing uncertainty as to the Company’s ability to continue as a going concern, the delivery of which constituted a default under both its Senior Credit Facility and Subordinated Credit Facility. The Company received a waiver for all debt covenants as of December 31, 2015 and March 31, 2016 as part of the debt restructuring outlined in Note 4 – Debt Restructuring. The following presents components of interest expense which is presented as a component of loss from discontinued operations, net of tax, on the Company’s statement of operations for the years ended December 31, 2017 and 2016: Years Ended December 31, 2017 2016 Accrued PIK interest $ – $ 330,740 Interest and fees 8,713 1,373,023 Less interest capitalized to the full cost pool of our proved oil & gas properties – (7,219 ) $ 8,713 $ 1,696,544

16. Stockholders' Equity

16. Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	Preferred Stock The Company has 20,000,000 authorized shares of $0.001 par value preferred stock. No shares have been issued to date. Common Stock The Company has 500,000,000 authorized shares of $0.001 par value common stock. On September 26, 2017 the Company issued 199,811,421 shares of common stock in a Rights Offering, raising gross proceeds of $2,397,737, and issued an additional 232,008,789 shares in a private placement (the Backstop Agreement), raising gross proceeds of $2,784,102. The Company incurred $130,164 in costs associated with the Rights Offering and Backstop Agreement.

17. Options

17. Options	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options	No options were granted during the year ended December 31, 2017. The following table presents all options granted during the year ended December 31, 2016: Black-Scholes Options Number Term Vesting Pricing Model: Total Expense Expense Grant of Strike in Term in Call Fair Recognized Recognized Date Recipient Options Price Years (1) Years (1) Volatility Value Value in 2017 in 2016 12/12/16 K. DeCubellis, CEO 1,204,000 $0.040 10 3 228% $0.0398 $ 47,925 $ 15,976 $ 825 12/12/16 J. Moe, CFO 450,000 $0.040 10 3 228% $0.0398 17,912 5,972 308 12/12/16 M. Eisele, COO 500,000 $0.040 10 3 228% $0.0398 19,903 6,636 343 12/12/16 Employee 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 Employee 36,000 $0.040 10 3 228% $0.0398 1,433 476 25 12/12/16 Employee 50,000 $0.040 10 3 228% $0.0398 1,990 498 34 12/12/16 Employee 65,000 $0.040 10 3 228% $0.0398 2,587 864 45 12/12/16 Employee 8,500 $0.040 10 3 228% $0.0398 338 112 6 12/12/16 J. Lahti, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 B. Oehler, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 B. Berman, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 L. Berman, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 10/26/16 L. Berman, Director 100,000 $0.050 10 3 226% $0.0497 4,973 1,656 297 3,913,500 $ 156,771 $ 52,090 $ 2,913 (1) Options Cancelled During 2017, 87,700 options were forfeited by an employee No options were cancelled during the year ended December 31, 2016. Options Expired During 2017, a total of 12,000 options with a strike price of $0.29 per share expired. During 2016, a total of 12,000 options with a strike price of $0.33 per share expired. Options Exercised No options were exercised during the year ended December 31, 2017 and 2016. The following is a summary of information about the Stock Options outstanding at December 31, 2017. Shares Underlying Shares Underlying Options Outstanding Options Exercisable Weighted Shares Average Weighted Shares Weighted Underlying Remaining Average Underlying Average Range of Options Contractual Exercise Options Exercise Exercise Prices Outstanding Life Price Exercisable Price $0.03 - $1.00 10,857,300 6.74 years $0.29 6,938,433 $0.37 The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants under the fixed option plan: December 31, December 31, 2017 2016 Average risk-free interest rates None granted 2.06% Average expected life (in years) None granted 5 Volatility None granted 228% The Black-Scholes option pricing model was developed for use in estimating the fair value of short-term traded options that have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including expected stock price volatility. Because the Company’s employee stock options have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options. During the years ended December 31, 2017 and 2016 there were no options granted with an exercise price below the fair value of the underlying stock at the grant date. The following is a summary of activity of outstanding stock options: Weighted Average Number Exercise of Shares Prices Balance, December 31, 2015 7,055,500 0.44 Options expired (12,000 ) (0.33 ) Options cancelled – – Options granted 3,913,500 0.04 Options exercised – – Balance, December 31, 2016 10,957,000 0.29 Options expired (12,000 ) (0.29 ) Options cancelled (87,700 ) (0.17 ) Options granted – – Options exercised – – Balance, December 31, 2017 10,857,300 0.29 Exercisable, December 31, 2017 6,938,433 $ 0.37 The Company expensed $574,851 and $626,602 from the amortization of common stock options during the years ended December 31, 2017 and 2016, respectively.

18. Warrants

18. Warrants	12 Months Ended
	Dec. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
Warrants	Warrants Granted The Company issued 435,000 warrants to purchase shares at $0.01 per share to participants of the Backstop Agreement on September 22, 2017. The Company accounted for the warrants as an expense of the Rights Offering which resulted in a charge directly to stockholders’ equity. The Company estimated the fair value of these warrants to be approximately $10,135 (or $.0233 per warrant) using the Black-Scholes option-pricing model. The fair value of the warrants was estimated as of the date of grant using the following assumptions: (1) expected volatility of 388%, (2) risk-free interest rate of 1.89% and (3) expected life of five years. No warrants were granted during the year ended December 31, 2016. Warrants Cancelled No warrants were cancelled during the year ended December 31, 2017. A total of 5,000,000 warrants with a strike price of $0.65 per share were forfeited on June 21, 2016 commensurate with our debt refinancing. Warrants Expired No warrants were expired during the year ended December 31, 2017. A total of 3,048,375 warrants with an average strike price of $1.45 per share expired on July 26, 2016. A total of 500,000 warrants with a strike price of $0.95 per share expired on May 2, 2016. Warrants Exercised No warrants were exercised during the years ended December 31, 2017 and 2016. The following is a summary of activity of outstanding warrants: Weighted Average Number Exercise of Shares Prices Balance, December 31, 2015 8,548,375 0.95 Warrants expired (3,548,375 ) (1.38 ) Warrants cancelled (5,000,000 ) (0.65 ) Warrants granted – – Warrants exercised – – Balance, December 31, 2016 – – Warrants expired – – Warrants cancelled – – Warrants granted 435,000 .01 Warrants exercised – – Balance, December 31, 2017 435,000 .01 Exercisable, December 31, 2017 435,000 .01

19. BRAC Rights and Warrants

19. BRAC Rights and Warrants	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
BRAC Rights and Warrants	Initial Public Offering Pursuant to the its Initial Public Offering and including the subsequent over-allotment option exercised by the underwriter, BRAC sold 13,800,000 Units at a purchase price of $10.00 per Unit. Each Unit consists of one share of common stock, one right (“Public Right”) and one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination. Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50. Private Placement Simultaneous with the its Initial Public Offering and over-allotment option exercise, BROG purchased an aggregate of 445,000 Placement Units at a price of $10.00 per Unit (or an aggregate purchase price of $4,450,000). Each Placement Unit consists of one share of common stock (“Placement Share”), one right (“Placement Right”) and one warrant (each, a “Placement Warrant”) to purchase one share of the common stock at an exercise price of $11.50 per share. The proceeds from the Placement Units were added to the proceeds from the Initial Public Offering held in the Trust Account. If BRAC does not complete a Business Combination within the Combination Period, the proceeds of the sale of the Placement Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Rights and Placement Warrants will expire worthless. The Placement Units are identical to the Units sold in the Initial Public Offering except that the Placement Warrants (i) are not redeemable by BRAC and (ii) may be exercised for cash or on a cashless basis, so long as they are held by BROG or any of its permitted transferees. In addition, the Placement Units and their component securities may not be transferable, assignable or salable until after the consummation of a Business Combination, subject to certain limited exceptions. Rights Each holder of a right will receive one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if a holder of such right converted all ordinary shares held by it in connection with a Business Combination. No fractional shares will be issued upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid for by investors in the Initial Public Offering. If BRAC enters into a definitive agreement for a Business Combination in which BRAC will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the shares of common stock will receive in the transaction on an as-converted into shares of common stock basis and each holder of rights will be required to affirmatively covert its rights in order to receive 1/10 of a share of common stock underlying each right (without paying additional consideration). The shares of common stock issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of BRAC). If BRAC is unable to complete a Business Combination within the Combination Period and BRAC liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from BRAC’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. Additionally, in no event will BRAC be required to net cash settle the rights. Accordingly, the rights may expire worthless. The rights included in the Private Units sold in the Private Placement are identical to the rights included in the Units sold in the Initial Public Offering, except that, among others, the rights including the shares issuable upon exchange of such rights, are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become tradable only after certain conditions are met or the resale of such rights (including underlying securities) is registered under the Securities Act. Warrants Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Warrants. The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) October 10, 2018. No Warrants will be exercisable for cash unless BRAC has an effective and current registration statement covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon the exercise of the Warrants is not effective within 30 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when BRAC shall have failed to maintain an effective registration statement, exercise the Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Warrants on a cashless basis. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation. The Private Warrants will be identical to the Warrants underlying the Units sold in the Initial Public Offering, except the Private Warrants will be exercisable for cash (even if a registration statement covering the shares of common stock issuable upon exercise of such Private Warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by BRAC, in each case so long as they are still held by BROG or its affiliates. BRAC may call the Warrants for redemption (excluding the Private Warrants but including any outstanding Warrants issued upon exercise of the unit purchase option issued to EarlyBirdCapital), in whole and not in part, at a price of $.01 per Warrant: · at any time while the Warrants are exercisable, · upon not less than 30 days’ prior written notice of redemption to each Warrant holder, · if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to Warrant holders, and · if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants at the time of redemption and for the entire 30-day redemption period and continuing each day thereafter until the date of redemption. If BRAC calls the Warrants for redemption, management will have the option to require all holders that wish to exercise the Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of common stock issuable upon exercise of the Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Warrants will not be adjusted for issuances of shares of common stock at a price below its exercise price. Additionally, in no event will BRAC be required to net cash settle the Warrants. If BRAC is unable to complete a Business Combination within the Combination Period and BRAC liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from BRAC’s assets held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless. Unit Purchase Option On October 10, 2017, BRAC sold to the underwriter and its designees, for $100, an option to purchase up to 600,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $6,900,000) commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of this option are identical to those offered in the Initial Public Offering. BRAC accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to stockholders’ equity. BRAC estimated the fair value of this unit purchase option to be approximately $1,778,978 (or $2.97 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.94% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such units, the common stock that is issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. BRAC will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or BRAC’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price.

20. Income Taxes

20. Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	We account for income taxes under the provisions of ASC Topic 740, Income taxes, The Company will not consolidate income tax returns for BROG and BRAC. For the year ended December 31, 2017 the impact of both returns are combined in the presentation. Our provision for income taxes for the years ended December 31, 2017 and 2016 consisted of the following: December 31, 2017 2016 Current taxes $ 85,722 $ – Deferred taxes (18,678 ) – Net income tax provision (benefit) $ 67,044 $ – The effective income tax rate for the years ended December 31, 2017 and 2016 consisted of the following: December 31, 2017 2016 BROG BRAC Combined Federal statutory income tax rate 35.0% 30.8% 39.6% 35.0% State income taxes 3.6% 6.8% 0.1% 3.3% Effect of statutory rate change on deferred taxes 38.2% 0.0% 80.2% 1.7% Effect of 2018 federal rate change on deferred taxes (1469.2% ) 4.0% (3092.1% ) 0.0% Permanent differences (0.3% ) 0.2% (0.7% ) 0.0% Change in valuation allowance 1392.7% 0.0% 2926.8% (40.0% ) Net effective income tax rate 0.0% 41.8% (46.1% ) 0.0% The 2017 combined reconciliation above is a weighted average of the two separate taxable entities. As one entity has a loss and the other has income, the weighted average produces results that are skewed higher or lower than the individual components, as such we have presented the individual entity reconciliations. BROG’s state income tax rate as of December 31, 2017 increased by 0.3% from 3.3% as of December 31, 2016, to 3.6%. This increase in the effective tax rate is attributable to changes in the Company’s state apportionment factors in the current year. BRAC’s state income tax rate was 6.8% due as all of its income and expenses were from Minnesota, which has a higher tax rate. The components of the deferred tax assets and liabilities as of December 31, 2017 and 2016 are as follows: December 31, 2017 2016 Deferred tax assets: Federal and state net operating loss carryovers $ 6,712,288 $ 9,025,553 Stock compensation 1,947,147 2,715,486 Property and equipment 501 – Unrealized marketable equity securities held in trust account 18,678 – Reorganization costs 34,001 51,258 Total deferred tax assets $ 8,712,615 $ 11,792,297 Deferred tax liabilities: Property and equipment – (3,731 ) Total deferred liabilities – (3,731 ) Net deferred tax assets (liabilities) 8,712,615 11,788,566 Less: valuation allowance (8,693,937 ) (11,788,566 ) Deferred tax assets (liabilities) $ 18,678 $ – As of December 31, 2017, BROG has a net operating loss carryover of approximately $26,449,110. Under existing Federal law, the net operating loss may be utilized to offset taxable income through the year ended December 31, 2035. A portion of the net operating loss carryover begins to expire in 2030. ASC Topic 740 provides that a valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax asset will not be realized. In 2017, BROG decreased its valuation allowance from $11,788,566 to $8,693,937 to adjust for the decrease in net deferred tax assets primarily due to the reduction in the federal tax rate to 21% in 2018. The Company believes it is more likely than not that the benefit of these remaining assets will not be realized by BROG. The Company did not place a valuation allowance on deferred tax asset for BRAC related to the unrealized loss on marketable securities held in trust account. The Company believes it is more likely than not that the benefit of these remaining assets will be realized by BRAC. The Company files annual US Federal income tax returns and annual income tax returns for the states of Minnesota, North Dakota and Montana. We are not subject to income tax examinations by tax authorities for years before 2013 for all returns. Income taxing authorities have conducted no formal examinations of our past federal or state income tax returns and supporting records. The Company adopted the provisions of ASC Topic 740 regarding uncertainty in income taxes. The Company has found no significant uncertain tax positions as of any date on or before December 31, 2017.

21. Commitments and Contingenci

21. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	The Company is involved in various inquiries, administrative proceedings and litigation relating to matters arising in the normal course of business. The Company is not currently a defendant in any material litigation and is not aware of any threatened litigation that could have a material effect on the Company. Management is not able to estimate the minimum loss to be incurred, if any, as a result of the final outcome of the matters arising in the normal course of business but believes they are not likely to have a material adverse effect upon the Company’s financial position or results of operations and, accordingly, no provision for loss has been recorded. The Company periodically maintains cash balances at banks in excess of federally insured amounts. The extent of loss, if any, to be sustained as a result of any future failure of a bank or other financial institution is not subject to estimation at this time. BRAC’s agreements with underwriters BRAC engaged the underwriters as advisors in connection with its Initial Business Combination to assist it in holding meetings with its shareholders to discuss the potential business combination and the target business’ attributes, introduce it to potential investors that are interested in purchasing its securities, assist it in obtaining shareholder approval for the business combination and assist it with its press releases and public filings in connection with the business combination. BRAC will pay its underwriters a cash fee for such services upon the consummation of its initial business combination in an amount equal to 3.5% of the gross proceeds of its offering (exclusive of any applicable finders’ fees which might become payable). Registration rights The holders of BROG’s shares of BRAC issued and outstanding on the date of BRAC’s Initial Public Offering, as well as the holders of the private units and any units BROG, and its officers, directors or their affiliates may be issued in payment of working capital loans made to BRAC (and all underlying securities), are entitled to registration rights pursuant to a registration rights agreement dated October 4, 2017 . The holders of a majority of these securities are entitled to make up to two demands that BRAC register such securities. The holders of the majority of the BROG’s shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of BRAC’s common stock are to be released from escrow. The holders of a majority of the private units and units issued to BROG, and its officers, directors or their affiliates in payment of working capital loans made to us (or underlying securities) can elect to exercise these registration rights at any time after BRAC consummates a business combination. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our consummation of a business combination. The Company would bear the expenses incurred in connection with the filing of any such registration statements.

22. Subsequent Events

22. Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	On March 1, 2018, the Board of Directors (the “Board”) of the Company approved and adopted the Black Ridge Gas, Inc. 2018 Management Incentive Plan (the “Plan”) and the form of 2018 Management Incentive Plan Award Agreement (the “Award Agreement”:). In connection with the approval of the Plan and Award Agreement, the Board approved the issuance of awards (the “Awards”) to certain individuals including officers and directors (the “Grantees”), representing a percentage of the shares of BRAC held by the Company as of the date of closing of a business combination for the acquisition of a target business as described in the BRAC prospectus dated October 4, 2017, as follows: Percentage of BRAC Shares Owned by the Name Company Granted to the Grantee Bradley Berman 1.6% Lyle Berman 1.6% Benjamin Oehler 1.6% Joe Lahti 1.6% Kenneth DeCubellis 4.0% Michael Eisele 2.8% James Moe 2.1%

2. Summary of Significant Acc29

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting Our financial statements are prepared using the accrual method of accounting as generally accepted in the United States of America (U.S. 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 the following entities: Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. (“BRAC”) Delaware Subsidiary (1) (1) The Company has determined that BRAC, following its IPO, is a variable interest entity (“VIE”) and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and it has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements herein contain the operations of the BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. All significant inter-company transactions have been eliminated in the preparation of theses financial statements. The parent company, Black Ridge Oil & Gas, Inc. and Black Ridge Acquisition Corp. will be collectively referred to herein as the “Company” or “Black Ridge”. The Company’s headquarters is in Minneapolis, Minnesota and substantially all of its operations are in the United States.
Reclassifications	Reclassifications As discussed in Note 4- Debt Restructuring, income, expense and cash flows from the restructured operations for the year ended December 31, 2016 have been reclassified as net loss and cash flows from discontinued operations.
Segment Reporting	Segment Reporting FASB ASC 280-10-50 requires annual and interim reporting for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how to allocate resources. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Environmental Liabilities	Environmental Liabilities The oil and gas industry is subject, by its nature, to environmental hazards and clean-up costs. At this time, management knows of no substantial losses from environmental accidents or events which would have a material effect on the Company.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include money market accounts which have maturities of three months or less. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. Cash equivalents are stated at cost plus accrued interest, which approximates market value. The Company had no cash equivalents on hand as of December 31, 2017 and December 31, 2016.
Restricted cash and securities held in Trust Account	Restricted cash and securities held in Trust Account As of December 31, 2017, $ 39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account which is restricted for the benefit of the BRAC’s IPO shareholders to be available for those shareholders in the event they elect to redeem their shares following an approved business combination or the upon dissolution of BRAC.
Cash in Excess of FDIC Insured Limits	Cash in Excess of FDIC Insured Limits The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 under current regulations. The Company had approximately $977,089 and $-0- in excess of FDIC insured limits at December 31, 2017 and 2016, respectively. As of December 31, 2017, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Debt Issuance Costs	Debt Issuance Costs Costs relating to obtaining certain debts are capitalized and amortized over the term of the related debt using the straight-line method, which approximates the effective interest method. The Company paid $4,400 and $-0- of debt issuance costs during the years ended December 31, 2017 and 2016, respectively, of which the unamortized balance of debt issuance costs at December 31, 2017 and 2016 was $-0- and $-0-, respectively. Amortization of debt issuance costs charged to interest expense was $4,400 and $-0- for the years ended December 31, 2017 and 2016, respectively.
Website Development Costs	Website Development Costs The Company accounts for website development costs in accordance with ASC 350-50, “Accounting for Website Development Costs” (“ASC 350-50”), wherein website development costs are segregated into three activities: 1) Initial stage (planning), whereby the related costs are expensed. 2) Development (web application, infrastructure, graphics), whereby the related costs are capitalized and amortized once the website is ready for use. Costs for development content of the website may be expensed or capitalized depending on the circumstances of the expenditures. 3) Post-implementation (after site is up and running: security, training, admin), whereby the related costs are expensed as incurred. Upgrades are usually expensed, unless they add additional functionality. We have capitalized a total of $56,660 of website development costs from inception through December 31, 2016. We have recognized depreciation expense on these website costs of $-0- and $-0- for the years ended December 31, 2017 and 2016, respectively. As of December 31, 2017, all website development costs have been fully depreciated.
Income Taxes	Income Taxes The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at December 31, 2017 at the new rate. The SEC issued Staff Accounting Bulletin No. 118 (“SAB 108”) to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain effects of Tax Reform. The ultimate impact may differ from the provisional amount, possibly materially, as a result of additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued and actions the Company may take as a result of Tax Reform.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives of three to seven years. Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Long-lived assets are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company has not recognized any impairment losses on long-lived assets related to continuing operations. Depreciation expense was $10,848 and $14,271 for the years ended December 31, 2017 and 2016, respectively.
Revenue Concentration	Revenue Concentration All of the Company’s revenue earned from continuing operations comes from management fees earned through its management services agreement with Black Ridge Holding Company, LLC (“BRHC”). Revenues from continuing operations were earned prior to June 30, 2017 from its management services agreement with BRHC, which was cancelled by BRHC effective June 30, 2017.
Revenue Recognition	Revenue Recognition The Company recognizes management fee income as services are provided. The Company recognized oil and gas revenues from its former interests in producing wells when production was delivered to, and title was transferred to, the purchaser and to the extent the selling price is reasonably determinable. Oil and gas revenues are reflected as a component of discontinued operations on the statements of operations.
Asset Retirement Obligations	Asset Retirement Obligations The Company records the fair value of a liability for an asset retirement obligation in the period in which the well is spud or the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The expense related to accretion of the discount on the asset retirement liability is reflected as component of discontinued operations on the statement of operations.
Full Cost Method	Full Cost Method The Company followed the full cost method of accounting for oil and gas operations in 2016 whereby all costs related to the exploration and development of oil and gas properties were initially capitalized into a single cost center ("full cost pool"). The Company had no oil and gas operations in 2017 as they were disposed as part of the debt restructuring transaction on June 21, 2016 described in Note 4 – Debt Restructuring. Capitalized costs included land acquisition costs, geological and geophysical expenses, carrying charges on non-producing properties, costs of drilling directly related to acquisition, and exploration activities. Internal costs that were capitalized were directly attributable to acquisition, exploration and development activities and did not include costs related to general corporate overhead or similar activities. Costs associated with general corporate activities were expensed in the period incurred. Capitalized costs for year ended December, 2016 are summarized as follows: Year Ended December 31, 2016 Capitalized Certain Payroll and Other Internal Costs $ – Capitalized Interest Costs 7,219 Total $ 7,219 Proceeds from sales of proved properties were credited to the full cost pool, with no gain or loss recognized, unless such a sale would significantly alter the relationship between capitalized costs and the proved reserves attributable to these costs. A significant alteration would typically involve a sale of 20% or more of the proved reserves related to a single full cost pool. The Company assessed all items classified as unevaluated property on a quarterly basis for possible impairment or reduction in value. The assessment included 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 an impairment, the cumulative drilling costs incurred to date for such property and all or a portion of the associated leasehold costs were transferred to the full cost pool and were then subject to amortization. Capitalized costs associated with impaired properties and properties having proved reserves, estimated future development costs, and asset retirement costs under FASB ASC 410-20-25 were depleted and amortized on the unit-of-production method based on the estimated gross proved reserves as determined by independent petroleum engineers. The costs of unproved properties were withheld from the depletion base until such time as they are either developed or abandoned. Capitalized costs of oil and gas properties (net of related deferred income taxes) could not exceed an amount equal to the present value, discounted at 10% per annum, of the estimated future net cash flows from proved oil and gas reserves plus the cost of unproved properties (adjusted for related income tax effects). When capitalized costs exceeded this ceiling, impairment was recognized. The present value of estimated future net cash flows was computed by applying the arithmetic average first day price of oil and natural gas for the preceding twelve months to estimated future production of proved oil and gas reserves as of the end of the period, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions. Such present value of proved reserves' future net cash flows excludes future cash outflows associated with settling asset retirement obligations. When this comparison indicated an excess carrying value, the excess was charged to earnings as an impairment expense. The Company recognized an impairment loss of $5,219,000 during the year ended December 31, 2016. The impairment loss is reflected as a component of discontinued operations on the statement of operations for the period.
Basic and Diluted Earnings (Loss) Per Share	Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants and restricted stock. The number of potential common shares outstanding relating to stock options, warrants and restricted stock is computed using the treasury stock method. The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the years ended December 31, 2017 and 2016 are as follows: Years Ended December 31, 2017 2016 Weighted average common shares outstanding – basic 160,970,732 47,979,990 Plus: Potentially dilutive common shares: Stock options and warrants – – Weighted average common shares outstanding – diluted 160,970,732 49,979,990 For 2017 and 2016, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Stock options and warrants excluded from the calculation of diluted EPS because their effect was anti-dilutive were 11,292,300 and 10,957,000 of December 31, 2017 and 2016, respectively.
Stock-Based Compensation	Stock-Based Compensation Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. Amortization of the fair values of stock options issued for services and compensation totaled $574,851 and $626,602 for the years ended December 31, 2017 and 2016, respectively. The fair values of stock options were determined using the Black-Scholes options pricing model and an effective term of 6 to 6.5 years based on the weighted average of the vesting periods and the stated term of the option grants and the discount rate on 5 to 7 year U.S. Treasury securities at the grant date and are being amortized over the related implied service term, or vesting period.
Uncertain Tax Positions	Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities can periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's financial statements upon adoption. In December 2016, the FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers In August, 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments This guidance provides guidance of eight specific cash flow issues. This amendment is effective for periods beginning after December 15, 2017, with early adoption permitted. The Company adopted this standard on January 1, 2018 and anticipates it will not have a material impact on its financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations

2. Summary of Significant Acc30

2. Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of entities	Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. (“BRAC”) Delaware Subsidiary (1) (1)
Schedule of Capitalized Costs	Year Ended December 31, 2016 Capitalized Certain Payroll and Other Internal Costs $ – Capitalized Interest Costs 7,219 Total $ 7,219
Reconciliation of denominators used to calculate EPS	Years Ended December 31, 2017 2016 Weighted average common shares outstanding – basic 160,970,732 47,979,990 Plus: Potentially dilutive common shares: Stock options and warrants – – Weighted average common shares outstanding – diluted 160,970,732 49,979,990

4. Debt Restructuring (Tables)

4. Debt Restructuring (Tables)	12 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Loss from discontinued operations, net of income taxes	For the Year Ended December 31, 2016 Oil and gas sales $ 5,539,613 Gain on settled derivatives 1,043,026 Loss on the mark-to-market of derivatives (4,288,736 ) Total revenues 2,293,903 Operating expenses: Production expenses 1,400,639 Production taxes 568,028 General and administrative 476,461 Depletion of oil and gas properties 3,114,347 Impairment of oil and gas properties 5,219,000 Accretion of discount on asset retirement obligations 16,258 Total operating expenses 10,794,733 Net operating loss (8,500,830 ) Other income (expense): Interest expense (1,696,544 ) Total other income (expense) (1,696,544 ) Loss before provision for income taxes (10,197,374 ) Provision for income taxes – Net income (loss) $ (10,197,374 )

7. Prepaid Expenses (Tables)

7. Prepaid Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses	December 31, 2017 2016 Prepaid insurance costs $ 24,999 $ 43,324 Prepaid employee benefits 11,716 11,844 Prepaid office and other costs 32,102 31,724 Total prepaid expenses $ 68,817 $ 86,892

10. Property and Equipment (Tab

10. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property and equipment:
Property and equipment schedule	December 31, December 31, 2017 2016 Property and equipment $ 128,156 $ 140,547 Less: Accumulated depreciation and amortization (117,459 ) (112,128 ) Total property and equipment, net $ 10,697 $ 28,419
Depreciation, depletion, and amortization expense	Year Ended December 31, 2017 2016 Depletion of costs for evaluated oil and gas properties (1) $ – $ 3,114,347 Depreciation and amortization of other property and equipment 10,848 14,271 Total depreciation, amortization and depletion $ 10,848 $ 3,128,618 (1)

11. Oil and Natural Gas Prope34

11. Oil and Natural Gas Properties (Tables)	12 Months Ended
	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Gross and net productive oil wells	June 21, 2016 Gross Net North Dakota 352 10.64 Montana 5 0.37 357 11.01
Capitalized costs for oil and gas properties	Year Ended December 31, 2016 Purchases of oil and natural gas properties and development costs for cash $ 4,858,134 Purchase of oil and natural gas properties accrued at period end (prior to disposition) 3,155,016 Purchase of oil and natural gas properties accrued at the beginning of period (6,899,503 ) Capitalized asset retirement obligations 4,737 Total purchase and development costs, oil and natural gas properties $ 1,118,384

12. Asset Retirement Obligati35

12. Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation schedule	Year ended December 31, 2016 Beginning ARO $ 368,089 Liabilities incurred for new wells placed in production 4,737 Accretion of discount on ARO (a component of loss from discontinued operations) 16,258 Liability relieved in debt restructuring (389,084 ) Ending ARO $ –

13. Derivative Instruments (Tab

13. Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Realized and unrealized gains and losses on derivative instruments	Year Ended December 31, 2016 Realized gain on derivatives: Crude oil fixed price swaps $ 922,872 Crude oil collars 120,154 Realized gain on derivatives, net $ 1,043,026 Gain (loss) on the mark-to-market of derivatives: Crude oil fixed price swaps $ (4,157,491 ) Crude oil collars (131,245 ) Gain (loss) on the mark-to-market of derivatives, net $ (4,288,736 )

14. Fair Value of Financial I37

14. Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Valuation of financial instruments at fair value	Fair Value Measurements at December 31, 2017 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,477,089 Restricted cash and investments held in trust 138,980,353 $ – $ – Total assets 140,457,442 – – Liabilities Total Liabilities – – – $ 140,457,442 $ – $ – Fair Value Measurements at December 31, 2016 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 66,269 $ – $ – Total assets 66,269 – – Liabilities Total Liabilities – – – $ 66,269 $ – $ –

15. Revolving Credit Faciliti38

15. Revolving Credit Facilities and Long Term Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Components of interest expense	Years Ended December 31, 2017 2016 Accrued PIK interest $ – $ 330,740 Interest and fees 8,713 1,373,023 Less interest capitalized to the full cost pool of our proved oil & gas properties – (7,219 ) $ 8,713 $ 1,696,544

17. Options (Tables)

17. Options (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of options granted	Black-Scholes Options Number Term Vesting Pricing Model: Total Expense Expense Grant of Strike in Term in Call Fair Recognized Recognized Date Recipient Options Price Years (1) Years (1) Volatility Value Value in 2017 in 2016 12/12/16 K. DeCubellis, CEO 1,204,000 $0.040 10 3 228% $0.0398 $ 47,925 $ 15,976 $ 825 12/12/16 J. Moe, CFO 450,000 $0.040 10 3 228% $0.0398 17,912 5,972 308 12/12/16 M. Eisele, COO 500,000 $0.040 10 3 228% $0.0398 19,903 6,636 343 12/12/16 Employee 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 Employee 36,000 $0.040 10 3 228% $0.0398 1,433 476 25 12/12/16 Employee 50,000 $0.040 10 3 228% $0.0398 1,990 498 34 12/12/16 Employee 65,000 $0.040 10 3 228% $0.0398 2,587 864 45 12/12/16 Employee 8,500 $0.040 10 3 228% $0.0398 338 112 6 12/12/16 J. Lahti, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 B. Oehler, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 B. Berman, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 12/12/16 L. Berman, Director 300,000 $0.040 10 3 228% $0.0398 11,942 3,980 206 10/26/16 L. Berman, Director 100,000 $0.050 10 3 226% $0.0497 4,973 1,656 297 3,913,500 $ 156,771 $ 52,090 $ 2,913 (1)
Schedule of options outstanding and exercisable	Shares Underlying Shares Underlying Options Outstanding Options Exercisable Weighted Shares Average Weighted Shares Weighted Underlying Remaining Average Underlying Average Range of Options Contractual Exercise Options Exercise Exercise Prices Outstanding Life Price Exercisable Price $0.03 - $1.00 10,857,300 6.74 years $0.29 6,938,433 $0.37
Valuation assumptions	December 31, December 31, 2017 2016 Average risk-free interest rates None granted 2.06% Average expected life (in years) None granted 5 Volatility None granted 228%
Schedule of option activity	Weighted Average Number Exercise of Shares Prices Balance, December 31, 2015 7,055,500 0.44 Options expired (12,000 ) (0.33 ) Options cancelled – – Options granted 3,913,500 0.04 Options exercised – – Balance, December 31, 2016 10,957,000 0.29 Options expired (12,000 ) (0.29 ) Options cancelled (87,700 ) (0.17 ) Options granted – – Options exercised – – Balance, December 31, 2017 10,857,300 0.29 Exercisable, December 31, 2017 6,938,433 $ 0.37

18. Warrants (Tables)

18. Warrants (Tables)	12 Months Ended
	Dec. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
Schedule of warrant activity	Weighted Average Number Exercise of Shares Prices Balance, December 31, 2015 8,548,375 0.95 Warrants expired (3,548,375 ) (1.38 ) Warrants cancelled (5,000,000 ) (0.65 ) Warrants granted – – Warrants exercised – – Balance, December 31, 2016 – – Warrants expired – – Warrants cancelled – – Warrants granted 435,000 .01 Warrants exercised – – Balance, December 31, 2017 435,000 .01 Exercisable, December 31, 2017 435,000 .01

20. Income Taxes (Tables)

20. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	December 31, 2017 2016 Current taxes $ 85,722 $ – Deferred taxes (18,678 ) – Net income tax provision (benefit) $ 67,044 $ –
Schedule of effective income tax rate	December 31, 2017 2016 BROG BRAC Combined Federal statutory income tax rate 35.0% 30.8% 39.6% 35.0% State income taxes 3.6% 6.8% 0.1% 3.3% Effect of statutory rate change on deferred taxes 38.2% 0.0% 80.2% 1.7% Effect of 2018 federal rate change on deferred taxes (1469.2% ) 4.0% (3092.1% ) 0.0% Permanent differences (0.3% ) 0.2% (0.7% ) 0.0% Change in valuation allowance 1392.7% 0.0% 2926.8% (40.0% ) Net effective income tax rate 0.0% 41.8% (46.1% ) 0.0%
Schedule of deferred tax assets and liabilities	December 31, 2017 2016 Deferred tax assets: Federal and state net operating loss carryovers $ 6,712,288 $ 9,025,553 Stock compensation 1,947,147 2,715,486 Property and equipment 501 – Unrealized marketable equity securities held in trust account 18,678 – Reorganization costs 34,001 51,258 Total deferred tax assets $ 8,712,615 $ 11,792,297 Deferred tax liabilities: Property and equipment – (3,731 ) Total deferred liabilities – (3,731 ) Net deferred tax assets (liabilities) 8,712,615 11,788,566 Less: valuation allowance (8,693,937 ) (11,788,566 ) Deferred tax assets (liabilities) $ 18,678 $ –

1. Organization and Nature of42

1. Organization and Nature of Business (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)shares
Equity Raise [Member]
Stock issued new, shares | shares	431,819,910
Proceeds from sale of equity	$ 5,051,675
IPO [Member] | BRAC [Member]
Proceeds from IPO	120,000,000
IPO [Member] | BRAC [Member] | Over Allotment Option [Member]
Proceeds from IPO	$ 138,000,000
Private Placement [Member]
Stock issued new, shares | shares	199,811,421
Proceeds from sale of equity	$ 2,397,737
Private Placement [Member] | BRAC [Member]
Proceeds from sale of equity	$ 4,450,000
Units sold | shares	445,000

2. Summary of Significant Acc43

2. Summary of Significant Accounting Policies (Details-Capitalized Costs)	12 Months Ended
	Dec. 31, 2016USD ($)
Total capitalized costs	$ 7,219
Certain Payroll and Other Internal Costs [Member]
Total capitalized costs	0
Interest Costs [Member]
Total capitalized costs	$ 7,219

2. Summary of Significant Acc44

2. Summary of Significant Accounting Policies (Details - Antidilutive shares) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Weighted average common shares outstanding - basic	160,970,732	47,979,990
Plus: Potentially dilutive common shares:
Stock options and warrants	0	0
Weighted average common shares outstanding - diluted	160,970,732	49,979,990

2. Summary of Significant Acc45

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash equivalents	$ 0	$ 0
Assets held in trust	138,980,353	0
Cash Uninsured Amount in Federal Deposit Insurance Corporation	977,089	0
Payment of debt issuance costs	4,400	0
Unamortized balance of debt issuance costs	0	0
Amortization of debt issuance costs charged to interest	4,400	0
Website development costs capitalized from inception	56,660
Impairments on oil and gas properties	$ 0	$ 5,219,000
Antilutive shares	11,292,300	10,957,000
Share based compensation	$ 574,851	$ 626,602
Non-Oil and Gas Property and Equipment [Member]
Depreciation expense	10,848	14,271
Website Development Costs [Member]
Depreciation expense	0	$ 0
Cash [Member]
Assets held in trust	39,742
Marketable Securities [Member]
Assets held in trust	$ 138,940,611

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 1,477,089	$ 66,269	$ 228,194
Working capital	$ 1,379,518

4. Debt Restructuring (Details)

4. Debt Restructuring (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating expenses:
Impairment of oil and gas properties	$ 0	$ 5,219,000
Other income (expense):
Net income (loss)	$ (392,529)	29,945,804
Discontinued Operations [Member]
Loss from discontinued items, net of income taxes
Oil and gas sales		5,539,613
Gain on settled derivatives		1,043,026
Gain (loss) on the mark-to-market of derivatives		(4,288,736)
Total revenues		2,293,903
Operating expenses:
Production expenses		1,400,639
Production taxes		568,028
General and administrative expenses		476,461
Depletion of oil and gas properties		3,114,347
Impairment of oil and gas properties		5,219,000
Accretion of discount on asset retirement obligations		16,258
Total operating expenses		10,794,733
Net operating loss		(8,500,830)
Other income (expense):
Interest expense		(1,696,544)
Total other income (expense)		(1,696,544)
Loss before provision for income taxes		(10,197,374)
Provision for income taxes		0
Net income (loss)		$ (10,197,374)

4. Debt Restructuring (Details

4. Debt Restructuring (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Gain on debt restructuring	$ 0	$ 41,621,150
Ownership percentage		3.88%
Black Ridge Holding Company [Member]
Gain on debt restructuring		$ 41,621,150

5. Rights Offering and Format49

5. Rights Offering and Formation of Black Ridge Acquisition Corp. (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Warrants issued		0
Offering costs netted against equity	$ 130,164
BRAC [Member]
Equity ownership	22.00%
Equity contribution	$ 25,000
Warrants issued to Related Parties [Member]
Warrants issued fair value	4,179
Officers and Directors [Member]
Proceeds from sale of stock	$ 2,086,120
Stock issued in rights offering	173,843,308
Warrants issued	179,376
Non-Related Parties [Member]
Proceeds from sale of stock	$ 2,965,555
Stock issued in rights offering	257,976,602
Rights Offering [Member]
Proceeds from sale of stock	$ 5,181,839
Stock issued in rights offering	431,819,910
Rights Offering [Member] | Current Shareholders [Member]
Proceeds from sale of stock	$ 2,397,737
Stock issued in rights offering	199,811,421
Backstop Agreement [Member]
Proceeds from sale of stock	$ 2,784,102
Stock issued in rights offering	232,008,489
Warrants issued	435,000
Warrants issued fair value	$ 10,135

6. BRAC's IPO, Consolidation 50

6. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)shares
Change in ownership of subsidiary resulting from subsidiary initial public offering	$ (3,932,126)
Management Fees [Member]
Related party expenses	28,710
Marketable Securities [Member]
Assets held in trust	138,690,000
BRAC [Member]
Change in ownership of subsidiary resulting from subsidiary initial public offering	$ 3,932,126
BRAC [Member] | IPO [Member]
Units sold | shares	12,000,000
Proceeds from units sold	$ 120,000,000
Transaction costs	2,882,226
BRAC [Member] | IPO [Member] | Underwriting fees [Member]
Transaction costs	2,400,000
BRAC [Member] | IPO [Member] | Other Costs [Member]
Transaction costs	$ 482,226
BRAC [Member] | Placement Units [Member]
Units sold | shares	4,000,000
Proceeds from units sold	$ 400,000
BRAC [Member] | Over Allotment Option [Member]
Units sold | shares	1,800,000
Proceeds from units sold	$ 18,000,000
BRAC [Member] | Over Allotment Option [Member] | Placement Units [Member]
Units sold | shares	45,000
Proceeds from units sold	$ 450,000
Transaction costs	$ 360,000

7. Prepaid Expenses (Details)

7. Prepaid Expenses (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 24,999	$ 43,324
Prepaid employee benefits	11,716	11,844
Prepaid office and other costs	32,102	31,724
Total prepaid expenses	$ 68,817	$ 86,892

8. Related Party (Details Narra

8. Related Party (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Rent expense		$ 36,183
Warrants issued		0
Officers and Directors [Member]
Stock issued new, shares	173,843,308
Proceeds from sale of equity	$ 2,086,120
Warrants issued	179,376

9. Investment in Black Ridge 53

9. Investment in Black Ridge Holding Company, LLC (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Proceeds from sale of investment in Black Ridge Holding Company, LLC	$ 1,081,387	$ 0
Gain on sale of Black Ridge Holding Company, LLC	1,030,145	$ 0
Cash Received [Member]
Proceeds from sale of investment in Black Ridge Holding Company, LLC	1,078,394
Cash and Receivables [Member]
Proceeds from sale of investment in Black Ridge Holding Company, LLC	$ 4,645

10. Property and Equipment (Det

10. Property and Equipment (Details-Property and equipment) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property and equipment:
Property and equipment	$ 128,156	$ 140,547
Less: Accumulated depreciation, amortization, depletion and impairments	(117,459)	(112,128)
Total property and equipment, net	$ 10,697	$ 28,419

10. Property and Equipment (D55

10. Property and Equipment (Details-Depreciation) - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Property and equipment:
Depletion of costs for evaluated oil and gas properties	[1]	$ 0	$ 3,114,347
Depreciation and amortization of other property and equipment		10,848	14,271
Total depreciation, amortization and depletion		$ 10,848	$ 3,128,618
[1]	Presented as a component of loss from discontinued operations, net of income taxes.

10. Property and Equipment (D56

10. Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property and equipment:
Book value of asset sold	$ 6,874
Proceeds from sale of Property and Equipment	2,160	$ 0
Loss on disposal	4,714	0
Impairment of oil and gas properties	$ 0	$ 5,219,000

11. Oil and Gas Properties (Det

11. Oil and Gas Properties (Details-Gross and Net Wells)	Jun. 21, 2016DecimalInteger
Productive oil wells, gross | Integer	357
Productive oil wells, net | Decimal	11.01
NORTH DAKOTA
Productive oil wells, gross | Integer	352
Productive oil wells, net | Decimal	10.64
MT
Productive oil wells, gross | Integer	5
Productive oil wells, net | Decimal	0.37

11. Oil and Gas Properties (D58

11. Oil and Gas Properties (Details-Capitalized Costs)	12 Months Ended
	Dec. 31, 2016USD ($)
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Purchases of oil and gas properties and development costs for cash	$ 4,858,134
Purchase of oil and gas properties accrued at period-end (prior to disposition)	3,155,016
Purchase of oil and gas properties accrued at the beginning of the period	(6,899,503)
Capitalized asset retirement obligations	4,737
Total purchase and development costs, oil and gas properties	$ 1,118,384

11. Oil and Gas Properties (D59

11. Oil and Gas Properties (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)a	Dec. 31, 2017a
Oil and gas assets, net acres | a		0
Oil and gas properties acquired	$ 0
Proceeds from sale of oil and gas properties	$ 94,628
Oil and gas acres divested | a	14
Debt Restructuring [Member]
Proceeds from sale of oil and gas properties	$ 24,498,638

12. Asset Retirement Obligati60

12. Asset Retirement Obligation (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Asset Retirement Obligation Disclosure [Abstract]
Beginning Asset Retirement Obligation	$ 368,089
Liabilities incurred for new wells placed in production	4,737
Accretion of discount on ARO (a component of loss from discontinued operations)	16,258
Liability relieved in debt restructuring	(389,084)
Ending asset retirement obligation	$ 0

13. Derivative Instruments (Det

13. Derivative Instruments (Details-Derivative Gains and Losses)	12 Months Ended
	Dec. 31, 2016USD ($)
Realized gain (loss) on derivatives, net	$ 1,043,026
Gain (loss) on the mark-to-market of derivatives, net	(4,288,736)
Debt Restructuring [Member]
Derivative contracts transferred	3,134,336
Crude Oil Fixed Price Swap [Member]
Realized gain (loss) on derivatives, net	922,872
Gain (loss) on the mark-to-market of derivatives, net	(4,157,491)
Crude Oil Collars [Member]
Realized gain (loss) on derivatives, net	120,154
Gain (loss) on the mark-to-market of derivatives, net	$ (131,245)

14. Fair Value of Financial I62

14. Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Level 1 [Member]
Assets
Cash and cash equivalents	$ 1,477,089	$ 66,269
Restricted cash and investments held in trust	138,980,353
Total assets	140,457,442	66,269
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	140,457,442	66,269
Level 2 [Member]
Assets
Cash and cash equivalents	0	0
Total assets	0	0
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	0	0
Level 3 [Member]
Assets
Cash and cash equivalents	0	0
Total assets	0	0
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	$ 0	$ 0

15. Revolving Credit Faciliti63

15. Revolving Credit Facilities and Long Term Debt (Details-Interest expense) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revolving Credit Facilities, interest	$ 8,713	$ 1,696,544
Accrued PIK interest [Member]
Revolving Credit Facilities, interest	0	330,740
Interest and fees [Member]
Revolving Credit Facilities, interest	8,713	1,373,023
Capitalized interest [Member]
Revolving Credit Facilities, interest	$ 0	$ (7,219)

15. Revolving Credit Faciliti64

15. Revolving Credit Facilities and Long Term Debt (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2016	Jun. 21, 2016
Line of Credit [Member] | Senior Credit Facility [Member] | Black Ridge Holding Company [Member]
Line of credit outstanding			$ 0
Line of credit balance transferred to BRHC			29,400,000
Line of Credit [Member] | Subordinated Credit Facility [Member]
Line of credit outstanding		$ 0
Line of Credit [Member] | Subordinated Credit Facility [Member] | Black Ridge Holding Company [Member]
Line of credit outstanding			0
Line of credit balance transferred to BRHC			30,000,000
Accrued interest transferred to BRHC			$ 2,931,369
Promissory Note [Member] | Cadence Bank [Member]
Debt issuance date	Jul. 7, 2017
Debt face value	$ 500,000
Debt stated interest rate	4.50%
Debt maturity date	Oct. 7, 2017
Debt interest expense	$ 4,313
Loan origination fees	4,400
Loan balance	$ 0

16. Stockholders' Equity (Detai

16. Stockholders' Equity (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Rights Offering and Backstop Agreement [Member]
Payment of stock issuance costs	$ 130,164
Private Placement [Member]
Stock issued new, shares	199,811,421
Proceeds from issuance of stock	$ 2,397,737
Rights Offering [Member]
Stock issued new, shares	232,008,489
Proceeds from issuance of stock	$ 2,784,102

17. Options (Details-Options Gr

17. Options (Details-Options Granted) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Options granted in 2016 [Member]
Number of options granted		3,913,500
Options fair value		$ 156,771
Share based compensation expense recognized	$ 52,090	$ 2,913
Option Granted 1 [Member]
Options grant date		Dec. 12, 2016
Options recipient		K. DeCubellis, CEO
Number of options granted		1,204,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 47,925
Share based compensation expense recognized	15,976	$ 825
Option Granted 2 [Member]
Options grant date		Dec. 12, 2016
Options recipient		J. Moe, CFO
Number of options granted		450,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 17,912
Share based compensation expense recognized	5,972	$ 308
Option Granted 3 [Member]
Options grant date		Dec. 12, 2016
Options recipient		M. Eisele, COO
Number of options granted		500,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 19,903
Share based compensation expense recognized	6,636	$ 343
Option Granted 4 [Member]
Options grant date		Dec. 12, 2016
Options recipient		Employee
Number of options granted		300,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 11,942
Share based compensation expense recognized	3,980	$ 206
Option Granted 5 [Member]
Options grant date		Dec. 12, 2016
Options recipient		Employee
Number of options granted		36,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 1,433
Share based compensation expense recognized	476	$ 25
Option Granted 6 [Member]
Options grant date		Dec. 12, 2016
Options recipient		Employee
Number of options granted		50,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 1,990
Share based compensation expense recognized	498	$ 34
Option Granted 7 [Member]
Options grant date		Dec. 12, 2016
Options recipient		Employee
Number of options granted		65,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 2,587
Share based compensation expense recognized	864	$ 45
Option Granted 8 [Member]
Options grant date		Dec. 12, 2016
Options recipient		Employee
Number of options granted		8,500
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 338
Share based compensation expense recognized	112	$ 6
Option Granted 9 [Member]
Options grant date		Dec. 12, 2016
Options recipient		J. Lahti, Director
Number of options granted		300,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 11,942
Share based compensation expense recognized	3,980	$ 206
Option Granted 10 [Member]
Options grant date		Dec. 12, 2016
Options recipient		B. Oehler, Director
Number of options granted		300,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 11,942
Share based compensation expense recognized	3,980	$ 206
Option Granted 11 [Member]
Options grant date		Dec. 12, 2016
Options recipient		B. Berman, Director
Number of options granted		300,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 11,942
Share based compensation expense recognized	3,980	$ 206
Option Granted 12 [Member]
Options grant date		Dec. 12, 2016
Options recipient		L. Berman, Director
Number of options granted		300,000
Options strike price		$ 0.040
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		228.00%
Options call value		$ 0.0398
Options fair value		$ 11,942
Share based compensation expense recognized	3,980	$ 206
Option Granted 13 [Member]
Options grant date		Oct. 26, 2016
Options recipient		L. Berman, Director
Number of options granted		100,000
Options strike price		$ 0.050
Options term in years		10 years
Options vesting term in years		3 years
Options volatility		226.00%
Options call value		$ 0.0497
Options fair value		$ 4,973
Share based compensation expense recognized	$ 1,656	$ 297

17. Options (Details - Options

17. Options (Details - Options Outstanding and Exercisable) - Options [Member]	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Range of exercise price, lower limit	$ 0.03
Range of exercise price, upper limit	$ 1
Shares Underlying Options Outstanding | shares	10,857,300
Weighted Average Remaining Contractual Life	6 years 8 months 26 days
Weighted Average Exercise Price	$ 0.29
Shares Underlying Options Exercisable | shares	6,938,433
Weighted Average Exercise Price Exercisable	$ 0.37

17. Options (Details - Valuatio

17. Options (Details - Valuation Assumptions) - Options [Member]	12 Months Ended
	Dec. 31, 2016
Risk-free interest rate	2.06%
Average expected life	5 years
Volatility	228.00%

17. Options (Details-Options Ou

17. Options (Details-Options Outstanding) - Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Shares
Options Outstanding, Beginning	10,957,000	7,055,500
Options Expired	(12,000)	(12,000)
Options Cancelled	(87,700)	0
Options Granted	0	3,913,500
Options Exercised	0	0
Options Outstanding, Ending	10,857,300	10,957,000
Options Exercisable, Ending	6,938,433
Weighted Average Exercise Price
Outstanding, Beginning	$ 0.29	$ 0.44
Expired	(0.29)	(0.33)
Cancelled	(0.17)
Granted		0.04
Exercised
Outstanding, Ending	0.29	$ 0.29
Exercisable, Ending	$ 0.37

17. Options (Details Narrative)

17. Options (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share based compensation	$ 574,851	$ 626,602
Options [Member]
Options forfeited/cancelled	87,700	0
Options expired	12,000	12,000
Strike price of options expired	$ .29	$ .33
Options exercised	0	0
Options Granted	0	3,913,500
Share based compensation	$ 574,851	$ 626,602

18. Warrants (Details-Warrants

18. Warrants (Details-Warrants Outstanding) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Shares
Warrants outstanding, beginning balance	0	8,548,375
Warrants expired		(3,548,375)
Warrants cancelled		(5,000,000)
Warrants granted	435,000	0
Warrants exercised		0
Warrants outstanding, ending balance	435,000	0
Warrants exercisable	435,000
Weighted Average Exercise Price
Weighted price, beginning balance		$ 0.95
Weighted price, warrants expired		(1.38)
Weighted price, warrants cancelled		(0.65)
Weighted price, warrants granted	0.01
Warrants outstanding, ending balance	0.01
Weighted price, warrants exercisable	$ 0.01

18. Warrants (Details Narrative

18. Warrants (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Warrants issued		0
Warrants [Member]
Warrants exercised		0
Warrants forfeited		5,000,000
Strike price		$ 0.65
Warrants expired		3,548,375
Warrants [Member] | July 26, 2016
Strike price		$ 1.45
Warrants expired		3,048,375
Warrants [Member] | May 2, 2016 [Member]
Strike price		$ 0.95
Warrants expired		500,000
Backstop Agreement [Member]
Warrants issued	435,000
Warrants issued fair value	$ 10,135

19. BRAC Rights and Warrants (D

19. BRAC Rights and Warrants (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Unit Purchase Option [Member]
Fair value of unit purchase option | $	$ 1,778,978
Fair value of unit purchase option per share | $ / shares	$ 2.97
BRAC [Member] | IPO and Over-Allotment Option [Member]
Units sold | shares	13,800,000
Unit description	Each Unit consists of one share of common stock, one right and one warrant.
BlackRidge Oil and Gas [Member] | Placement Units [Member]
Proceeds from sale of equity | $	$ 4,450,000
Units bought | shares	445,000

20. Income Taxes (Details-Incom

20. Income Taxes (Details-Income Tax Provision) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current taxes	$ 85,722	$ 0
Deferred taxes	(18,678)	0
Net income tax provision (benefit)	$ 67,044	$ 0

20. Income Taxes (Details-Effec

20. Income Taxes (Details-Effective tax rate)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Federal statutory income tax rate	39.60%	35.00%
State income taxes	0.10%	3.30%
Effect of statutory rate change on deferred taxes	80.20%	1.70%
Effect of 2018 federal rate change on deferred taxes	(3092.10%)	0.00%
Permanent differences	(0.70%)	0.00%
Change in valuation allowance	2926.80%	(40.00%)
Net effective income tax rate	(46.10%)	0.00%
BRAC [Member]
Federal statutory income tax rate	35.00%
State income taxes	3.60%
Effect of statutory rate change on deferred taxes	38.20%
Effect of 2018 federal rate change on deferred taxes	(1469.20%)
Permanent differences	(0.30%)
Change in valuation allowance	1392.70%
Net effective income tax rate	0.00%
BlackRidge Oil and Gas [Member]
Federal statutory income tax rate	30.80%
State income taxes	6.80%
Effect of statutory rate change on deferred taxes	0.00%
Effect of 2018 federal rate change on deferred taxes	4.00%
Permanent differences	0.20%
Change in valuation allowance	0.00%
Net effective income tax rate	41.80%

20. Income Taxes (Details-Defer

20. Income Taxes (Details-Deferred Tax Assets) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Federal and state net operating loss carryovers	$ 6,712,288	$ 9,025,553
Stock compensation	1,947,147	2,715,486
Property and equipment	501	0
Unrealized marketable equity securities held in trust account	18,678	0
Reorganization costs	34,001	51,258
Total deferred tax assets	8,712,615	11,792,297
Deferred tax liabilities:
Property and equipment	0	(3,731)
Total deferred liabilities	0	(3,731)
Net deferred tax assets (liabilities)	8,712,615	11,788,566
Less: valuation allowance	(8,693,937)	(11,788,566)
Deferred tax assets (liabilities)	$ 18,678	$ 0

20. Income Taxes (Details Narra

20. Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carryover	$ 26,449,110
Operating loss carryover beginning expiration date	Dec. 31, 2030