Regent (REGT) 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Apr. 17, 2017
Document And Entity Information
Entity Registrant Name	REGENT TECHNOLOGIES INC
Entity Central Index Key	319,200
Document Type	10-K
Trading Symbol	REGT
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 0
Entity Common Stock, Shares Outstanding		23,914,610
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash	$ 4,967	$ 4,411
Prepaid expenses and other	77,107	75,730
Investments (Note 4)	81,769	110,513
Total current assets	163,843	190,654
Property, plant and equipment, net	185,780	185,780
Intangible assets, net	4,614,220	4,614,220
Oil and natural gas properties, net		102,100
Investments, restricted (Note 4)		207,422
Total assets	4,963,843	5,300,176
Current liabilities:
Accounts payable	16,212	11,651
Notes payable - stockholder	25,000	25,000
Notes payable - related parties	18,000	8,000
Accrued interest payable	1,630	1,074
Accrued liabilities - related parties	40,197	12,230
Total current liabilities	101,039	57,955
Accrued liabilities - related parties	6,000	17,000
Asset retirement obligation	10,660	10,660
Total liabilities	117,699	85,615
Stockholders' equity:
Convertible Preferred stock, $.10 par value, 1,000,000 shares authorized, zero and 99,500 shares issued and outstanding, respectively, Subsidiary		9,950
Common stock, $.01 par value, 100,000,000 shares authorized, 23,914,610and 23,249,355 shares issued and outstanding, respectively	239,145	232,493
Paid-in capital in excess of par	8,148,532	8,329,271
Accumulated deficit	(3,709,033)	(3,522,153)
Total stockholders' equity	4,846,144	5,214,561
Total Liabilities and Stockholders' Equity	4,963,843	5,300,176
Series A Convertible Preferred Stock [Member]
Stockholders' equity:
Convertible Preferred stock, $.10 par value, 1,000,000 shares authorized, zero and 99,500 shares issued and outstanding, respectively, Subsidiary	17,500	15,000
Total stockholders' equity	17,500	24,950
Series B Convertible Preferred Stock [Member]
Stockholders' equity:
Convertible Preferred stock, $.10 par value, 1,000,000 shares authorized, zero and 99,500 shares issued and outstanding, respectively, Subsidiary	150,000	150,000
Total stockholders' equity	$ 150,000	$ 150,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Convertible Preferred stock, par Value	$ 0.10	$ 0.10
Convertible Preferred stock, authorized	1,000,000	1,000,000
Convertible Preferred stock, issued	0	99,500
Convertible Preferred stock, outstanding	0	99,500
Common Stock, par value	$ 0.010	$ 0.010
Common Stock, authorized	100,000,000	100,000,000
Common Stock, issued	23,914,610	23,249,355
Common Stock, outstanding	23,914,610	23,249,355
Series A Convertible Preferred Stock [Member]
Convertible Preferred stock, par Value	$ 0.10	$ 0.10
Convertible Preferred stock, authorized	10,000,000	10,000,000
Convertible Preferred stock, issued	175,000	150,000
Convertible Preferred stock, outstanding	175,000	150,000
Series B Convertible Preferred Stock [Member]
Convertible Preferred stock, par Value	$ 0.10	$ 0.10
Convertible Preferred stock, authorized	10,000,000	10,000,000
Convertible Preferred stock, issued	1,500,000	1,500,000
Convertible Preferred stock, outstanding	1,500,000	1,500,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Operating revenues:
Operating expenses:
Lease operating expense	6,355	17,054
Production and other taxes		1,000
Depreciation, depletion and amortization		224
Full cost ceiling impairment	102,100	114,518
General and administrative	75,267	92,767
Loss from operations	(183,722)	(225,563)
Other income (expense):
Net change in fair value measurement		20,629
Gain on debt extinguishment	283	6,968
Interest expense	(2,556)	(2,513)
Total other income (expense)	(2,273)	25,084
Loss before income taxes	(185,995)	(200,479)
Income tax provision	24,200
Net loss	(185,995)	(200,479)
Series A preferred dividends	885	1,191
Net loss available to common stockholders	$ (186,880)	$ (201,670)
Net loss per basic common share (in dollars per share)	$ (0.01)	$ (0.01)
Weighted average shares outstanding (basic) (in shares)	23,569,917	23,179,628

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Series A Convertible Preferred Stock [Member]	Series B Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Begenning at Dec. 31, 2014	$ 24,950		$ 231,302	$ 3,709,271	$ (3,320,483)	$ 645,040
Balance at Begenning (in shares) at Dec. 31, 2014	249,500		23,130,233
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued for preferred stock dividend			$ 1,191			1,191
Common stock issued for preferred stock dividend (in shares)			119,122
Issuance of convertible Series B preferred stock for asset acquisition		$ 150,000		4,620,000		4,770,000
Issuance of convertible Series B preferred stock for asset acquisition (in shares)		1,500,000
Net loss					(201,670)	(201,670)
Balance at ending at Dec. 31, 2015	$ 24,950	$ 150,000	$ 232,439	8,329,271	(3,522,153)	5,214,561
Balance at ending (in shares) at Dec. 31, 2015	249,500	1,500,000	23,249,355
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock for net profits interest			$ 2,000	(2,000)
Common stock for net profits interest (in shares)			200,000
Common stock issued for preferred stock dividend			$ 885			885
Common stock issued for preferred stock dividend (in shares)			88,548
Preferred stock sale	$ 2,500			22,500		25,000
Preferred stock sale (in shares)	25,000
Convertible preferred stock redemption	$ (9,950)			(197,472)		(207,422)
Convertible preferred stock redemption (in shares)	(99,500)
Common stock for convertible preferred stock redemption			$ 3,767	(3,767)
Common stock for convertible preferred stock redemption (in shares)			376,707
Net loss					(186,880)	(186,880)
Balance at ending at Dec. 31, 2016	$ 17,500	$ 150,000	$ 239,145	$ 8,148,532	$ (3,709,033)	$ 4,846,144
Balance at ending (in shares) at Dec. 31, 2016	175,000	1,500,000	23,914,610

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net loss before non-cash operating activities	$ (185,995)	$ (200,479)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization		224
Full cost ceiling impairment	102,100	114,518
Net change in fair value measurement		(20,629)
Gain from extinguishment of debt	(283)	(6,968)
Increase in prepaid expense and other	(1,377)	(35,730)
Changes in assets and liabilities:
Increase (decrease) in accounts payable	4,561	(19,576)
Increase in accrued liabilities - related parties	17,250	5,818
Increase in accrued interest payable	556	451
Net Cash Used In Operating Activities:	(63,188)	(162,371)
Investing activities:
Proceeds from sale of MacuCLEAR stock investment	28,744
Capital expenditures for oil and gas interests		(10,350)
Net Cash Provided By (Used In) Investing Activities:	28,744	(10,350)
Financing activities:
Proceeds from sale of preferred stock	25,000
Borrowings, notes payable - related parties	10,000
Repayments - related parties		(10,900)
Net Cash Provided By (Used In) Financing Activities:	35,000	(10,900)
Net Increase (Decrease) in Cash:	556	(183,621)
Cash at beginning of period	4,411	188,032
Cash at end of period	4,967	4,411
Cash paid for:
Interest	2,000	1,140
Taxes		1,000
Non-cash investing and financing activities:
Series A preferred dividends paid in common stock	885	1,191
Common stock issued in exchange for assets	2,000
Preferred stock redeemed with asset exchange	207,422
Common stock issued in preferred stock redemption	$ 3,767
Series B preferred stock issued for Solar Logic assets		$ 4,800,000

Description of Business and Sig

Description of Business and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Significant Accounting Policies	NOTE 1. Description of Business and Significant Accounting Policies Regent Technologies, Inc., formerly Regent Petroleum Corporation, was incorporated under the laws of the State of Colorado on January 18, 1980. During 1999, the Company had re-entered the development stage pursuant to ASC No. 915, "Development Stage Activities" ("ASC 915") of the "Accounting Standards Codification ("Codification" or "ASC") and the Hierarchy of Generally Accepted Accounting Principles." Regent NRCo is a Texas corporation and is engaged in testing oil and gas production enhancement technologies and the acquisition and development of oil and natural gas properties. In 2013, the Company organized a second subsidiary REGENT SPV LLC, doing business as Solar Logic LLC, as a Texas limited liability company. It is referred to herein as “RSPV” and it will operate as an unregulated company and will invest in, own and operate distributed solar power ventures, including commercial and residential solar thermal installations. Consolidation Principles The consolidated financial statements of the Company included in this report have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and in accordance with accounting principles generally accepted in the United States (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiary Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The accounting policies most affected by management’s estimates and assumptions are provisions for depreciation, depletion and amortization, estimates of proved reserves, impairment of long-lived assets based on estimates of future net cash flows, and asset retirement obligations based on estimates regarding timing and cost of future asset retirements. Property, Plant and Equipment The Company follows the full-cost method of accounting under which all costs associated with property acquisition, exploration and development activities are capitalized. We capitalize internal costs that can be directly identified with our acquisition, exploration and development activities and do not include any costs related to production, general corporate overhead or similar activities. The internal costs that are capitalized do not include any costs related to production, general corporate overhead, or similar activities. The Company does not recognize any gain or loss on the sale or other disposition of oil and gas properties unless the gain or loss would significantly alter the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center. Estimates of proved reserves are prepared by a third party engineering firm. The costs of unproved properties are excluded from amortization until the properties are evaluated. The Company reviews its equipment and other operating assets for impairment in accordance with ASC 360, Property, Plant, and Equipment Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon a number of variable factors and assumptions, such as historical production from the area compared with production from other producing areas, the assumed effects of regulations by governmental agencies and assumptions governing future oil and natural gas prices, future operating costs, severance taxes, development costs and workover costs, all of which may in fact vary considerably from actual results. For these reasons, estimates of the economically recoverable quantities of oil and natural gas attributable to any particular group of properties may vary substantially. Furniture and equipment are stated at cost. Depreciation, Depletion and Amortization Depreciation and depletion of producing oil and natural gas properties are calculated using the units-of-production method. Proved developed reserves are used to compute unit rates for unamortized tangible and intangible development costs, and proved reserves are used for unamortized leasehold costs. Gains and losses on disposals or retirements that are significant or include an entire depreciable or depletable property unit are included in operating income. Depreciation of furniture, fixtures and equipment, consisting of office furniture, computer hardware and software, leasehold improvements, and solar power equipment is computed using the straight-line method over their estimated useful lives, which vary from three to ten years. Business Acquisitions We account for business acquisitions using the acquisition method of accounting and record intangible assets separate from goodwill. Intangible assets are recorded at fair value based on estimates as of the date of acquisition. Goodwill is recorded as the residual amount of the purchase price consideration less the fair value assigned to the individual assets acquired and liabilities assumed as of the date of acquisition. We charge acquisition related costs that are not part of the purchase price consideration to general and administrative expense as they are incurred. These costs typically include transaction and integration costs, such as legal, accounting, and other professional fees. Contingent consideration, which represents an obligation of the acquirer to transfer additional assets or equity interests to the former owner as part of the exchange if specified future events occur or conditions are met, is accounted for at fair value either as a liability or as equity depending on the terms of the acquisition agreement. Intangibles – Goodwill and Other Acquired intangible assets are amortized over their estimated useful lives. We evaluate the recoverability of our intangible assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If such review indicates that the carrying amount of property and equipment and intangible assets is not recoverable, the carrying amount of such assets is reduced to fair value as impairment. We would record any impairment in accordance with ASC No. 350, “Intangibles – Goodwill and Other” (“ASC 350”). Pursuant to ASC 350, we perform impairment tests between scheduled annual tests in the fourth quarter if facts and circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying value. Revenue Recognition Revenues generally, including for oil and gas, are recognized when production is sold to a purchaser at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is probable. Revenues from the production of crude oil and natural gas properties in which we have an interest with other producers are recognized using the entitlements method. Differences between actual production and net working interest volumes are routinely adjusted. Asset Retirement Obligation Our asset retirement obligation primarily represents the estimated present value of the amount we will incur to plug, abandon and remediate our producing properties at the end of their productive lives, in accordance with federal, state and local laws. We account for asset retirement obligations based on the guidance of ASC No. 410, "Asset Retirement and Environmental Obligations" ("ASC 410"), which addresses the required accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. ASC 410 requires that the fair value of an asset's retirement obligation be recorded as a liability in the period in which it is incurred and the corresponding cost capitalized by increasing the carrying amount of the related long-lived asset. Periodic accretion of the discount of the estimated liability is treated as accretion expense included in depreciation, depletion and amortization on our Consolidated Statements of Operations. Income Taxes We utilize the asset and liability method to account for income taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured currently enacted tax rates expected to apply to taxable income in the years in which those differences are expected to reverse. Share-Based Compensation We account for equity based compensation under the provisions of ASC No. 718, "Compensation - Stock Compensation" ("ASC 718"). ASC 718 requires the recognition of the fair value of equity-based compensation in operations. The fair value of our stock option awards are estimated using a Black-Scholes option valuation model. This model requires the input of subjective assumptions and elections including expected stock price volatility and the estimated life of each award. In addition, the calculation of equity-based compensation costs requires that we estimate the number of awards that will be forfeited during the vesting period. The fair value of equity-based awards is amortized over the vesting period of the award and we elected to use the straight-line method for awards granted after the adoption of ASC 718 with no forfeitures. Fair Value Measurements 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. The fair value of an asset should reflect its highest and best use by market participants, whether in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of nonperformance, which includes, among other things, the Company’s credit risk. In accordance with the requirements of ASC No. 820, "Fair Value Measurement" ("ASC 820"), the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under ASC 820 and includes this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of cash and accounts payable approximate their carrying value due to the short term nature of these instruments. The carrying value of the notes payable also approximate fair value based on the terms of these instruments. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities are as follows: • Level 1 Inputs—unadjusted quoted market prices in active markets for identical assets or liabilities; • Level 2 Inputs—quotes which are derived principally from or corroborated by observable market data. Included in this level are interest rate information and commodity pricing data obtained from third party pricing sources and our creditworthiness; and • Level 3 Inputs—unobservable inputs for the asset or liability, such as discounted cash flow models or valuations, based on the Company’s various assumptions and future commodity prices. Included in this level is the carrying value of our investment in MacuCLEAR Preferred Stock (see Note 4). None of our investments are held for trading purposes. Earnings per Common Share Earnings per common share are determined under the provisions of ASC No. 260, "Earnings per Share" ("ASC 260"), which requires the Company to report both basic earnings per share, which is based on the weighted-average number of common shares outstanding, and diluted earnings per share, which is based on the weighted-average number of the common shares outstanding plus all potentially dilutive shares outstanding. At December 31, 2016 and 2015, there are no exercisable common stock equivalents. Accordingly, no common stock equivalents are included in the earnings per share calculations and basic and diluted earnings per share are the same for all periods presented. Recent Accounting Pronouncements During the year ended December 31, 2016 and through April 17, 2017, there were several new accounting pronouncements issued by the Financial Accounting Standards Board (

Going Concern Uncertainties

Going Concern Uncertainties	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Going Concern Uncertainties	NOTE 2. Going Concern Uncertainties As of the date of this 2016 annual report, there is substantial doubt regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our business operations and material commitments. Our future success and viability, therefore, are dependent upon our ability to generate capital financing. We are optimistic that we will be successful in our new business operations and capital raising efforts; however, there can be no assurance that we will be successful in generating revenue or raising additional capital. The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon the Company and our shareholders. These consolidated financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements.

Intangible Assets and Solar Log

Intangible Assets and Solar Logic Acquisition	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Solar Logic Acquisition	NOTE 3. Intangible Assets Effective December 1, 2015, Regent Technologies, Inc. entered into the Regent-Solar Logic IP Rights Agreement (the “SL Agreement”) with Solar Logic Incorporated (“Solar Logic”) which includes an exclusive license of Solar Logic’s intellectual property (the “SL Intellectual Property License” or “License”) to the Company. Under the Agreement and License, Solar Logic transferred all of its equipment to Regent and granted the exclusive rights to all intellectual property which includes two issued patents and its trade secrets, technology, business and technical information and know-how, databases, and other confidential and proprietary information as well as solar manufacturing processes and protocols. All acquired assets were appraised with a combined tangible and intangible asset valuation of $4.8 million by a third-party appraiser engaged by Solar Logic. In connection with applying the acquisition method of accounting, the asset value acquired by Regent resulted in $4,614,220 assigned to intangible assets, and $185,780 assigned to property, plant and equipment. Substantially all of the intangible assets recorded for this acquisition are deductible for tax purposes. Please read Note 3 of the consolidated financial statements for the year ended December 31, 2015 which is incorporated herein from the Registrant's Form 10-K for the year ended December 31, 2015 Intangible assets currently include those assets acquired as part of our Solar Logic Acquisition described above. In the future, this will include our internally-generated intangible assets, which will represent patents on technologies related to our products and production processes. We will record an asset for patents, after the patent has been issued, based on the legal, filing, and other costs incurred to secure them. We amortize intangible assets on a straight-line basis over their estimated useful lives beginning with the use of the asset which we expect will begin in mid-2017. We estimate the useful life of our intangible assets to be 15 years and the estimated amortization expense to be approximately $307,000 per year.

Investments

Investments	12 Months Ended
	Dec. 31, 2016
Investments [Abstract]
Investments	NOTE 4. Investments The Company’s Subsidiary has been holding 76,590 shares of MacuCLEAR Series A Preferred Stock (“MacuCLEAR”) and 19,268 shares of MacuCLEAR common stock for the partial redemption of the Subsidiary’s outstanding 99,500 shares of Series A Preferred Stock. The MacuCLEAR preferred and common stock being held for the partial redemption of Subsidiary preferred stock has been carried at cost or basis whichever is less. During April 2016, the Boards of the Company and the Company’s Subsidiary voted to initiate the redemption process with the conversion of each unit of 5,000 shares of the Subsidiary preferred stock in exchange for 4,817 shares of MacuCLEAR stock plus the issuance of 18,930 shares of newly issued restricted common stock of Regent Technologies, Inc. Effective September 30, 2016, the exchange was completed and resulted in the delivery of the MacuCLEAR stock described above and the delivery of 376,707 newly issued shares of Regent Technologies, Inc. (“Regent”) restricted common stock. Concurrent with the exchange, the 99,500 shares of Subsidiary preferred stock were cancelled. In addition, the book value of the MacuCLEAR stock of $207,422 was deducted from the Subsidiary’s capitalization and the Regent common stock was issued and booked at $.01 per share. Since related parties were participants in the exchange, the total par value of $3,767 was deducted from the Regent Paid-in capital in excess of par value. As of this filing, the Company’s Subsidiary is holding 4,361 shares of MacuCLEAR Preferred Stock which are being marketed for capital reallocation as a current asset. During the second quarter, the Subsidiary sold 533 shares for $18.75 per share and during the third quarter, the Subsidiary sold 1,000 shares for $18.75 per share. The carrying value for the shares being marketed receive Level 3 Fair Value Measurement under ASC 820 of $18.75 per share based on sales by MacuCLEAR of new issues of preferred stock during December 2015 and January 2016 with the same designations. MacuCLEAR discontinued Phase 2 clinical trials in February 2017 following indications that the new drug had the potential to positively effect visual acuity. Management has engaged a national merger and acquisition firm to help market the assets of MacuCLEAR.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	NOTE 5. Property, Plant and Equipment Pursuant to the Solar Logic Acquisition described in Note 3, $185,780 was assigned to property, plant and equipment effective December 1, 2015. On November 18, 2014, the Company entered into a Purchase and Sale Agreement to acquire certain oil and gas assets in Ohio, Pennsylvania and New York which agreement was terminated on December 15, 2014 due to the Seller’s inability to satisfy certain conditions precedent to closing. The Company is continuing to negotiate the acquisition of the oil and gas assets and has advanced $70,731 included in prepaid expenses toward environmental, engineering and bank fees related thereto. On March 1, 2017, the Company entered into a Memorandum of Understanding with Genesis Energy LLC (“Genesis”) for the exchange of certain engineering and environmental data plus 100,000 shares of restricted common stock of the Company for 5% ownership of Genesis. The Company’s current oil and gas leasehold assets consist of interests in two oil wells in Hill County, Texas which the Company has historically utilized to test certain proprietary enhancement technologies. Under the Company’s review for impairment in accordance with ASC 360 for the period ended December 31, 2016, the Company has recorded a non-cash impairment charge of $102,100. The impairment is based on the Company’s decision not to pursue the existing reserves due to lower oil prices, marginal production associated and higher salt water handling costs due to the loss of the injection well for mechanical reasons. The leasehold equipment has been fully depreciated and has an estimated value of $12,000.

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2016
Asset Retirement Obligation [Abstract]
Asset Retirement Obligation	NOTE 6. Asset Retirement Obligation We have included estimated future costs of abandonment and dismantlement in our amortization base and amortize these costs as a component of our depreciation, depletion, and accretion expense. The Company has not increased the asset retirement obligation for the years ended December 31, 2016 and 2015 due to only nominal impact.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7. Income Taxes The Company recognizes deferred tax assets and liabilities based on estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, future tax benefits, such as those from net operating loss carry forwards, are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At December 31, 2016 and 2015, the Company had net deferred tax assets which relate to the Company's net operating loss carry forwards less deferred tax liabilities related to unrealized gains on its MacuCLEAR investment shares. At December 31, 2016, the remaining net operating loss totaled The Tax Reform Act of 1986 imposed substantial restrictions of the utilization of net operating loss and tax credit carry forwards in the event of an "ownership change" as defined by the Section 382 of the Internal Revenue Code of 1986. If the Company has an "ownership change" as defined by the Internal Revenue Code of 1986, the Company's ability to utilize the net operating losses could be reduced. A reconciliation of income tax expense at the statutory federal rate of 34% to income tax expense at the Company's effective tax rate for the years ended December 31, 2016 and 2015 is as follows: Year ended December 31, 2016 2015 Tax benefit (expense) computed at statutory rate $ 63,500 $ 68,600 State income taxes - - Other (39,300 ) 15,360 Increase (decrease) in valuation allowance - (83,960 ) $ 24,200 $ - The Company uses the accrual method of accounting for income tax reporting purposes. At December 31, 2016 and 2015, the significant components of the Company's deferred tax assets (benefits) and liabilities are summarized as follows: December 31, 2016 2015 Deferred tax assets: Net operating loss carry forward $ 189,000 $ 165,000 Less valuation allowance (165,000 ) (132,600 ) 24,000 32,400 Deferred tax liabilities: Unrealized gain on investments 24,000 32,400 $ - $ -

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' equity:
Stockholders' Equity	NOTE 8. Stockholders’ Equity Common and Preferred Stock The Company's capital structure is complex and consists of preferred stock and a general class of common stock. The Company is authorized to issue 130,000,000 shares of stock, of which 30,000,000 have been designated as preferred shares with a par value per share of $.10, and 100,000,000 have been designated as common shares with a par value per share of $.01. The Board of Directors has established a Series A Preferred Stock and a Series B Preferred Stock as a series of Company preferred stock. As of the date of this filing, there are outstanding 175,000 shares of Series A Preferred Stock, 1,500,000 shares of Series B Preferred Stock, and 23,914,610 shares of common stock outstanding. Please see further discussion below regarding preferred stock series and further information which is incorporated herein from the Registrant's Form 10-K for the year ended December 31, 2015. Common Stock Holders of Regent's common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of common stock do not have cumulative voting rights. Therefore, holders of a majority of the shares of common stock voting for the election of directors can elect all of the directors. Holders of the Regent's common stock representing a majority of the voting power of Regent's capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of stockholders. A vote by the holders of a majority of Regent's outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to Regent's articles of incorporation. Holders of Regent's common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. Regent's common stock has no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to Regent's common stock. The Company’s common stock outstanding increased 376,707 shares effective September 30, 2016, with the redemption of the Subsidiary Preferred Stock (see Subsidiary Preferred Stock below and Note 4). Also, effective January 1, 2016, the Company’s common stock outstanding increased 200,000 shares with the acquisition of the 40% net profits interest. Since one of the three sellers was a related party, there was no increase in the asset value and the stock was booked at par value of $2,000 with an equivalent offset to paid-in capital in excess of par due to the related party (see Note 9). In addition, the Company’s common stock was increased 119,122 shares in 2015 and 88,548 shares in 2016 from common stock dividends for the preferred stock (see description below). Series A Preferred Stock The Series A Preferred Stock ranks in priority to any other preferred stock currently issued or to be issued. Our common stock and any other class or series of preferred stock issued hereafter is or will be junior to the Series A Preferred Stock, in each case as to distributions upon liquidation, dissolution or winding up of the Company and payment of dividends on shares of equity securities. We have completed the sale of three and one-half units of Series A Preferred Stock for $50,000 per unit. Each Unit consists of 50,000 shares of Series A Preferred Stock and 50,000 Warrants. Each share of the Series A Preferred Stock bears an eight percent (8%) dividend (the “Dividend”) payable upon the declaration of a dividend by the Board. Dividends may be paid in cash or in common stock at issuer’s option for the first two years following closing, thereafter the issuer shall pay the Dividend in cash. Dividends paid in common stock shall be paid based on the previous 90 day moving average price but not less than $.10 per share. Dividends paid in 2016 and 2015 totaled 207,670 shares of common stock valued at $2,077. Every share of the Series A Convertible Preferred Stock purchased possesses one warrant to purchase one share each of the Company’s common stock at a fixed exercise price of $1.50 per share which may be exercised by the holder any time during the three years from the date of issue. The holders of the Series A Preferred Stock have the right, at any time, to convert each Series A Preferred Share into ten (10) shares of common stock. Each share of Series A Preferred Stock shall be converted into ten (10) fully paid and nonassessable shares of common stock at the request of the Corporation. This automatic conversion is conditioned upon the passing of a minimum of two years from the date of issuance and subject to the previous 30 day moving average price of the Company’s common stock be at least $1.50 per share and a previous 30 day average volume of 50,000 common shares or more per day. Series B Preferred Stock In December 2015, the Board of Directors established the Series B Convertible Preferred Stock as a series of Company preferred stock designating 1,500,000 shares with a par value of $.10 per share. The Series B Preferred Stock is junior to the Company’s Series A Preferred Stock but ranks ahead of our common stock and any other class or series of preferred stock issued hereafter as to distributions upon liquidation, dissolution or winding up or the Company. The Series B Preferred Stock was issued as partial consideration in conjunction with the Solar Logic Incorporated acquisition (see Note 3) and $150,000 was added to Convertible Preferred Stock on the Company’s balance sheet plus $4,620,000 of paid-in capital in excess of par. The Series B Preferred Stock does not possess dividend rights or warrants. The shares may be redeemed by the Company at any time, in whole or in part, for $1.00 per share and the stockholder may convert each preferred share at any time into one (1) fully paid and nonassessable share of common stock of the Company. Each share of Series B Preferred Stock shall be converted into one (1) fully paid and nonassessable share of common stock, as provided herein at the request of the Corporation conditioned upon one of two events, either (1) the passing of a minimum of two years from the date of issuance of the Series B Preferred Stock shares subject to the previous 30 day moving average price of the Company's common stock be at least $1.50 per share and a previous 30 day average volume of 50,000 common shares or more per day, or (2) the election by Solar Logic to terminate the Patent License Agreement (see Note 3). The foregoing summary of the Series A Preferred Stock and Series B Preferred Stock designations is not complete and is qualified in its entirety by reference to the copy of the Certificate of Designation for each series which is incorporated by reference herein and available upon request. The Company is not obligated to register any shares under the preferred series or any shares of common stock into which the preferred shares may be converted except upon a secondary offering. Stock Options No options, warrants or similar rights are outstanding as of the date of this report except the warrants attached to the outstanding Series A Preferred Shares. Subsidiary Preferred Stock Effective September 30, 2016, our subsidiary, Regent NRCo, redeemed all 99,950 shares of its Series A Convertible Preferred Stock outstanding (“Subsidiary Preferred Stock”). The Subsidiary Preferred Stock was sold under a private placement offering for $50,000 per unit of 10,000 shares each and were convertible into 10,000 shares of common stock of the Subsidiary plus 4,800 shares of common stock of MacuCLEAR common stock. Under a special redemption agreement, the Subsidiary Preferred Stock was converted into restricted common stock of the Parent and MacuCLEAR stock. Since several of the parties participating in the redemption were related parties, the book value of the MacuCLEAR stock of $207,422 was deducted from the Subsidiary’s capitalization and the total par value of $3,767 was deducted from the Company’s Paid-in capital in excess of par value. Concurrent with the redemption, the 99,500 shares of Subsidiary preferred stock were cancelled (see Note 4).

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 9. Related Party Transactions During 2016 and 2015, the Company borrowed various amounts for general corporate purposes under an agreement with NR Partners, a partnership comprised of the President and a director. During 2016 and 2015, we borrowed $40,816 and $21,127, respectively, from NR Partners to help cover operating expenses. We made payments to NR Partners in 2016 and 2015 in total amounts of 29,280 and $37,055, respectively. As of December 31, 2016, the amount owed to NR Partners is $11,571 and the amount owed to the President for operating expense advances is $16,431. In addition, during the first quarter of 2016, Regent NRCo acquired a 10% net profits interest in oil and gas properties from a director of the Regent NRCo in exchange for 50,000 shares of restricted common stock of the Company. During the third quarter, the President, a director and several Company shareholders participated in the Subsidiary preferred stock redemption. NR Partners is a partnership comprised of the President and a director of the Company, and SIG Operating, LC is an entity owned by the President which serves as the operator of our oil and gas leasehold assets. As of December 31, 2016, the Company has two promissory notes outstanding in the amounts of $8,000 and $10,000 due and payable to directors of the Company and the Subsidiary. The $8,000 note is interest free and the $10,000 note has interest payable of $622 which accrues at a rate of 10% per annum. For the successful negotiation in April 2015 of the carried-interest in the South Texas exploration opportunity, the Company granted the President a $10,000 bonus in the second quarter and $5,000 in the third quarter. For fiscal 2016 and 2015, the Company paid the President $4,800 and $6,000, respectively as compensation for negotiations and meetings during travel based on $400 per diem, which efforts resulted in the Solar Logic acquisition. Also for fiscal 2016 and 2015, Regent NRCo paid $6,355 and $17,054 respectively to SIG Operating, LC for lease operating costs consisting primarily of operator insurance and leasehold overhead and maintenance.

Convertible Debentures

Convertible Debentures	12 Months Ended
	Dec. 31, 2016
Convertible Debentures
Convertible Debentures	NOTE 10. Convertible Debentures On December 5, 2014, we issued a convertible debenture for monies totaling $25,000 with interest at 8% per annum. The debenture is convertible into shares of the Company’s Series A Preferred Stock at the conversion rate of $25,000 for 25,000 shares of preferred stock. During 2016 and 2015, the Company paid $2,000 and $1,140 respectively for debenture interest expense. At December 31, 2016, the debenture has accrued interest of $1,008. Supplemental Oil and Natural Gas Producing Activities (Unaudited) The estimates of proved oil and natural gas reserves utilized in the preparation of the consolidated financial statements were prepared by an independent petroleum engineer. Such estimates are in accordance with guidelines established by the SEC and the FASB. The following table sets forth estimated proved oil and natural gas reserves together with the changes therein for the three years ended December 31, 2016 which reflect the uneconomic conditions and impairment for 2016 (see Note 5 above). Crude Oil Liquids Natural Gas Bbls Bbls Mcf Quantities of Proved Reserves: Balance December 31, 2014 70,600 - - Revisions of previous estimates (1) (65,200 ) - - Balance December 31, 2015 5,400 - - Revisions of previous estimates (2) (5,400 ) - - Balance December 31, 2016 - - - Proved Developed Reserves: Beginning of year 5,400 - - End of year - - - (1) Downward revisions of previous proven estimates were eliminated as uneconomic. (1) Downward revisions of previous proven estimates were eliminated as uneconomic. Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves (Unaudited): The standardized measure of discounted future net cash flows relating to estimated proved reserves as of December 31, 2016 and 2015, which reflect the uneconomic conditions and impairment for 2016, were as follows: 2016 2015 Future revenues - 597,000 Future development costs - (26,000 ) Future production costs - (186,000 ) Future net cash flow before Federal income tax - 385,000 Future income taxes - (77,000 ) Future net cash flows - 308,000 Effect of 10% annual discounting - (110,000 ) Standardized measure of discounted net cash flows $ - $ 198,000 The Standardized Measure of Discounted Future Net Cash Flows and Changes Therein Relating to Proved Oil and Natural Gas Reserves ("Standardized Measures") do not purport to present the fair market value of a company's oil and natural gas properties. An estimate of such value should consider, among other factors, anticipated oil and natural gas future prices, the probability of recoveries in excess of the existing proved reserves, the value of probable reserves and acreage prospects, and perhaps different discount rates. It should be noted that estimates of reserve quantities, especially from new discoveries, are inherently imprecise and subject to substantial revision. The estimated future cash flows above were determined by using the reserve quantities of proved reserves and the periods in which they are expected to be developed and produced based on prevailing economic conditions. Future income tax expenses are calculated by applying appropriate year-end tax rates to future pretax net cash flows relating to proved oil and natural gas reserves, less the tax basis of properties involved. The future income tax costs give effect to permanent differences, tax credits and loss carryforwards relating to the proved oil and natural gas reserves. The estimated present value of future cash flows relating to estimated proved reserves is extremely sensitive to prices used at any measurement period. Prices we used to value our reserves were based on the twelve-month un-weighted arithmetic average of the first-day-of-the-month price. The price used for oil for the year ended December 31, 2015 was $44.60 per barrel, adjusted by lease for quality, transportation fees, and regional price differentials. The changes in standardized measure of discounted future net cash flows relating to estimated proved reserves as of December 31, 2016 and 2015, which reflect the uneconomic conditions and impairment for 2016, were as follows: 2016 2015 Balance, beginning of the year - 1,514,000 Net changes in prices and costs related to future production - (123,420 ) Sales and transfers, net of production costs - - Net change due to revisions of quantity estimates - (466,080 ) Changes in future development costs - 26,000 Net change in income taxes - 77,000 Accretion of discount - 51,500 Change in production rates (timing) and other - 186,000 Net increase (decrease) in standardized measures - (249,000 ) Balance, end of year $ - $ 1,079,000

Description of Business and S17

Description of Business and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation Principles	Consolidation Principles The consolidated financial statements of the Company included in this report have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and in accordance with accounting principles generally accepted in the United States (“US GAAP”). The consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiary
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The accounting policies most affected by management’s estimates and assumptions are provisions for depreciation, depletion and amortization, estimates of proved reserves, impairment of long-lived assets based on estimates of future net cash flows, and asset retirement obligations based on estimates regarding timing and cost of future asset retirements.
Property, Plant and Equipment	Property, Plant and Equipment The Company follows the full-cost method of accounting under which all costs associated with property acquisition, exploration and development activities are capitalized. We capitalize internal costs that can be directly identified with our acquisition, exploration and development activities and do not include any costs related to production, general corporate overhead or similar activities. The internal costs that are capitalized do not include any costs related to production, general corporate overhead, or similar activities. The Company does not recognize any gain or loss on the sale or other disposition of oil and gas properties unless the gain or loss would significantly alter the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center. Estimates of proved reserves are prepared by a third party engineering firm. The costs of unproved properties are excluded from amortization until the properties are evaluated. The Company reviews its equipment and other operating assets for impairment in accordance with ASC 360, Property, Plant, and Equipment Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon a number of variable factors and assumptions, such as historical production from the area compared with production from other producing areas, the assumed effects of regulations by governmental agencies and assumptions governing future oil and natural gas prices, future operating costs, severance taxes, development costs and workover costs, all of which may in fact vary considerably from actual results. For these reasons, estimates of the economically recoverable quantities of oil and natural gas attributable to any particular group of properties may vary substantially. Furniture and equipment are stated at cost.
Depreciation, Depletion and Amortization	Depreciation, Depletion and Amortization Depreciation and depletion of producing oil and natural gas properties are calculated using the units-of-production method. Proved developed reserves are used to compute unit rates for unamortized tangible and intangible development costs, and proved reserves are used for unamortized leasehold costs. Gains and losses on disposals or retirements that are significant or include an entire depreciable or depletable property unit are included in operating income. Depreciation of furniture, fixtures and equipment, consisting of office furniture, computer hardware and software, leasehold improvements, and solar power equipment is computed using the straight-line method over their estimated useful lives, which vary from three to ten years.
Business Acquisitions	Business Acquisitions We account for business acquisitions using the acquisition method of accounting and record intangible assets separate from goodwill. Intangible assets are recorded at fair value based on estimates as of the date of acquisition. Goodwill is recorded as the residual amount of the purchase price consideration less the fair value assigned to the individual assets acquired and liabilities assumed as of the date of acquisition. We charge acquisition related costs that are not part of the purchase price consideration to general and administrative expense as they are incurred. These costs typically include transaction and integration costs, such as legal, accounting, and other professional fees. Contingent consideration, which represents an obligation of the acquirer to transfer additional assets or equity interests to the former owner as part of the exchange if specified future events occur or conditions are met, is accounted for at fair value either as a liability or as equity depending on the terms of the acquisition agreement.
Intangibles - Goodwill and Other	Intangibles – Goodwill and Other Acquired intangible assets are amortized over their estimated useful lives. We evaluate the recoverability of our intangible assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If such review indicates that the carrying amount of property and equipment and intangible assets is not recoverable, the carrying amount of such assets is reduced to fair value as impairment. We would record any impairment in accordance with ASC No. 350, “Intangibles – Goodwill and Other” (“ASC 350”). Pursuant to ASC 350, we perform impairment tests between scheduled annual tests in the fourth quarter if facts and circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying value.
Revenue Recognition	Revenue Recognition Revenues generally, including for oil and gas, are recognized when production is sold to a purchaser at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is probable. Revenues from the production of crude oil and natural gas properties in which we have an interest with other producers are recognized using the entitlements method. Differences between actual production and net working interest volumes are routinely adjusted.
Asset Retirement Obligation	Asset Retirement Obligation Our asset retirement obligation primarily represents the estimated present value of the amount we will incur to plug, abandon and remediate our producing properties at the end of their productive lives, in accordance with federal, state and local laws. We account for asset retirement obligations based on the guidance of ASC No. 410, "Asset Retirement and Environmental Obligations" ("ASC 410"), which addresses the required accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. ASC 410 requires that the fair value of an asset's retirement obligation be recorded as a liability in the period in which it is incurred and the corresponding cost capitalized by increasing the carrying amount of the related long-lived asset. Periodic accretion of the discount of the estimated liability is treated as accretion expense included in depreciation, depletion and amortization on our Consolidated Statements of Operations.
Income Taxes	Income Taxes We utilize the asset and liability method to account for income taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured currently enacted tax rates expected to apply to taxable income in the years in which those differences are expected to reverse.
Share-Based Compensation	Share-Based Compensation We account for equity based compensation under the provisions of ASC No. 718, "Compensation - Stock Compensation" ("ASC 718"). ASC 718 requires the recognition of the fair value of equity-based compensation in operations. The fair value of our stock option awards are estimated using a Black-Scholes option valuation model. This model requires the input of subjective assumptions and elections including expected stock price volatility and the estimated life of each award. In addition, the calculation of equity-based compensation costs requires that we estimate the number of awards that will be forfeited during the vesting period. The fair value of equity-based awards is amortized over the vesting period of the award and we elected to use the straight-line method for awards granted after the adoption of ASC 718 with no forfeitures.
Fair Value Measurements	Fair Value Measurements 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. The fair value of an asset should reflect its highest and best use by market participants, whether in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of nonperformance, which includes, among other things, the Company’s credit risk. In accordance with the requirements of ASC No. 820, "Fair Value Measurement" ("ASC 820"), the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under ASC 820 and includes this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of cash and accounts payable approximate their carrying value due to the short term nature of these instruments. The carrying value of the notes payable also approximate fair value based on the terms of these instruments. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities are as follows: • Level 1 Inputs—unadjusted quoted market prices in active markets for identical assets or liabilities; • Level 2 Inputs—quotes which are derived principally from or corroborated by observable market data. Included in this level are interest rate information and commodity pricing data obtained from third party pricing sources and our creditworthiness; and • Level 3 Inputs—unobservable inputs for the asset or liability, such as discounted cash flow models or valuations, based on the Company’s various assumptions and future commodity prices. Included in this level is the carrying value of our investment in MacuCLEAR Preferred Stock (see Note 4). None of our investments are held for trading purposes.
Earnings per Common Share	Earnings per Common Share Earnings per common share are determined under the provisions of ASC No. 260, "Earnings per Share" ("ASC 260"), which requires the Company to report both basic earnings per share, which is based on the weighted-average number of common shares outstanding, and diluted earnings per share, which is based on the weighted-average number of the common shares outstanding plus all potentially dilutive shares outstanding. At December 31, 2016 and 2015, there are no exercisable common stock equivalents. Accordingly, no common stock equivalents are included in the earnings per share calculations and basic and diluted earnings per share are the same for all periods presented.
Recent Accounting Pronouncements	Recent Accounting Pronouncements During the year ended December 31, 2016 and through April 17, 2017, there were several new accounting pronouncements issued by the Financial Accounting Standards Board (

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of effective tax rate	A reconciliation of income tax expense at the statutory federal rate of 34% to income tax expense at the Company's effective tax rate for the years ended December 31, 2016 and 2015 is as follows: Year ended December 31, 2016 2015 Tax benefit (expense) computed at statutory rate $ 63,500 $ 68,600 State income taxes - - Other (39,300 ) 15,360 Increase (decrease) in valuation allowance - (83,960 ) $ 24,200 $ -
Schedule of deferred tax assets (benefits) and liabilities	The Company uses the accrual method of accounting for income tax reporting purposes. At December 31, 2016 and 2015, the significant components of the Company's deferred tax assets (benefits) and liabilities are summarized as follows: December 31, 2016 2015 Deferred tax assets: Net operating loss carry forward $ 189,000 $ 165,000 Less valuation allowance (165,000 ) (132,600 ) 24,000 32,400 Deferred tax liabilities: Unrealized gain on investments 24,000 32,400 $ - $ -

Convertible Debentures (Tables)

Convertible Debentures (Tables)	12 Months Ended
	Dec. 31, 2016
Convertible Debentures Tables
Schedule of estimated proved oil and natural gas reserves	The following table sets forth estimated proved oil and natural gas reserves together with the changes therein for the three years ended December 31, 2016 which reflect the uneconomic conditions and impairment for 2016 (see Note 5 above). Crude Oil Liquids Natural Gas Bbls Bbls Mcf Quantities of Proved Reserves: Balance December 31, 2014 70,600 - - Revisions of previous estimates (1) (65,200 ) - - Balance December 31, 2015 5,400 - - Revisions of previous estimates (2) (5,400 ) - - Balance December 31, 2016 - - - Proved Developed Reserves: Beginning of year 5,400 - - End of year - - - (1) Downward revisions of previous proven estimates were eliminated as uneconomic. (1) Downward revisions of previous proven estimates were eliminated as uneconomic.
Schedule of discounted future net cash flows relating to estimated proved reserves	The standardized measure of discounted future net cash flows relating to estimated proved reserves as of December 31, 2016 and 2015, which reflect the uneconomic conditions and impairment for 2016, were as follows: 2016 2015 Future revenues - 597,000 Future development costs - (26,000 ) Future production costs - (186,000 ) Future net cash flow before Federal income tax - 385,000 Future income taxes - (77,000 ) Future net cash flows - 308,000 Effect of 10% annual discounting - (110,000 ) Standardized measure of discounted net cash flows $ - $ 198,000
Schedule of changes in standardized measure of discounted future net cash flows relating to estimated proved reserves	The changes in standardized measure of discounted future net cash flows relating to estimated proved reserves as of December 31, 2016 and 2015, which reflect the uneconomic conditions and impairment for 2016, were as follows: 2016 2015 Balance, beginning of the year - 1,514,000 Net changes in prices and costs related to future production - (123,420 ) Sales and transfers, net of production costs - - Net change due to revisions of quantity estimates - (466,080 ) Changes in future development costs - 26,000 Net change in income taxes - 77,000 Accretion of discount - 51,500 Change in production rates (timing) and other - 186,000 Net increase (decrease) in standardized measures - (249,000 ) Balance, end of year $ - $ 1,079,000

Description of Business and S20

Description of Business and Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Estimated useful lives	three to ten years.

Intangible Assets and Solar L21

Intangible Assets and Solar Logic Acquisition (Details narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Intangible assets, net	$ 4,614,220	$ 4,614,220
Property, plant and equipment, net	185,780	$ 185,780
Solar Logic Incorporated [Member]
Tangible and intangible assets acquired	4,800,000
Intangible assets, net	4,614,220
Property, plant and equipment, net	$ 185,780
Useful life of intangible assets	15 years
Amortization expense of intangible assets	$ 307,000

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	Sep. 30, 2016	Apr. 30, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2016	Jan. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)					$ 0.010		$ 0.010
Series A Convertible Preferred Stock [Member]
Number of shares redeemed					99,500
MacuCLEAR [Member]
Number of shares issued	376,707
Number of shares cancelled	99,500
Conversion of unit of preferred stock for payment		5,000
Transfer of shares of preferred stock for payment		4,817
Transfer of shares of newly issued restricted common stock of the Company for payment		18,930
MacuCLEAR [Member] | Regent NRCo [Member]
Number of shares sold			1,000	533
Sale of stock per share (in dollars per share)	$ 18.75		$ 18.75	$ 18.75
MacuCLEAR [Member] | Series A Convertible Preferred Stock [Member]
Shares hold for partial redemption					76,590
Shares marketed for capital reallocation					4,361
Share price (in dollars per share)						$ 18.75	$ 18.75
MacuCLEAR [Member] | Common Stock [Member]
Shares hold for partial redemption					19,268
MacuCLEAR [Member] | Subsidiary's Capitalization [Member] | Special Redemption Agreement [Member]
Adjustment of deductions	$ 207,422
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
MacuCLEAR [Member] | Additional Paid-in Capital [Member] | Special Redemption Agreement [Member]
Adjustment of deductions	$ 3,767

Property, Plant and Equipment (

Property, Plant and Equipment (Detail Narrative)	Mar. 01, 2017shares	Dec. 31, 2016USD ($)Wells	Dec. 31, 2015USD ($)
Property, plant and equipment, net		$ 185,780	$ 185,780
Number of Wells | Wells		2
Non-cash impairment charge		$ 102,100	$ 114,518
Estimated equipment value		12,000
Purchase And Sale Agreement [Member]
Acquisition of the oil and gas assets		70,731
Solar Logic Incorporated [Member]
Property, plant and equipment, net		$ 185,780
Genesis Energy LLC [Member] | Subsequent Event [Member] | Restricted Common Stock [Member]
Restricted stock issued in exchange of engineering and environmental data | shares	100,000
Ownership Interest	5.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax benefit (expenses) computed at statutory rate	$ 63,500	$ 68,600
State income taxes
Other	(39,300)	15,360
Increase (decrease) in valuation allowance		(83,960)
Income Tax Expense (Benefit)	$ 24,200

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net opertaing loss carry forward	$ 189,000	$ 165,000
Less valuation allowance	(165,000)	(132,600)
Deferred tax assets net	24,000	32,400
Deferred tax liabilities:
Unrealized gain on investments	24,000	32,400
Deferred tax liabilities net

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net operating loss
Operating loss carryforward expiration period	expire through 2035.
Statutory federal rate	34.00%	34.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narative)	Sep. 30, 2016USD ($)$ / sharesshares	Jan. 02, 2016USD ($)shares	Sep. 30, 2016$ / sharesshares	Jun. 30, 2016$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares
Number of shares authorized					130,000,000
Preferred shares, authorized					1,000,000	1,000,000
Preferred shares, par value (in dollars per share) | $ / shares					$ 0.10	$ 0.10
Common shares, authorized					100,000,000	100,000,000
Common shares, par value (in dollars per share) | $ / shares					$ 0.010	$ 0.010
Preferred shares, outstanding					0	99,500
Common shares, outstanding					23,914,610	23,249,355
Private Placement Offering [Member] | MacuCLEAR [Member]
Number of common shares issued	4,800
Regent NRCo [Member] | MacuCLEAR [Member]
Number of units sold			1,000	533
Unit price (in dollars per share) | $ / shares	$ 18.75		$ 18.75	$ 18.75
Common Stock [Member]
Common stock for convertible preferred stock redemption	376,707				376,707
Percentage of net profits interest acquired	0.40
Common stock for net profits interest offset to additional paid-in capital | $					$ 2,000
Common stock issued for preferred stock dividend | $					88,548	$ 119,122
Additional Paid-in Capital [Member]
Common stock for net profits interest offset to additional paid-in capital | $					$ (2,000)
Additional Paid-in Capital [Member] | MacuCLEAR [Member] | Special Redemption Agreement [Member]
Adjustment of deductions | $	$ 3,767
Additional Paid-in Capital [Member] | Solar Logic LLC [Member]
Common stock for convertible preferred stock redemption		200,000
Common stock for net profits interest offset to additional paid-in capital | $		$ 2,000
Subsidiary's Capitalization [Member] | MacuCLEAR [Member] | Special Redemption Agreement [Member]
Common shares, par value (in dollars per share) | $ / shares	$ 0.01		0.01
Adjustment of deductions | $	$ 207,422
Series A Convertible Preferred Stock [Member]
Preferred shares, authorized					10,000,000	10,000,000
Preferred shares, par value (in dollars per share) | $ / shares					$ 0.10	$ 0.10
Preferred shares, outstanding					175,000	150,000
Number of units sold					3.5
Unit price (in dollars per share) | $ / shares					$ 50,000
Description of unit					Each Unit consists of 50,000 shares of Series A Preferred Stock and 50,000 Warrants.
Preferred shares, dividend rate (in percent)					8.00%
Dividend paid (in dollars per share) | $ / shares					$ 0.10
Common stock dividend paid (in shares)					207,670
Common stock dividend paid | $					$ 2,077
Number of shares issued upon conversion					10
Series A Convertible Preferred Stock [Member] | Warrant [Member]
Number of warrants issued					1
Exercise price (in dollars per share) | $ / shares					$ 1.50
Description of conversion feature					This automatic conversion is conditioned upon the passing of minimum of two years from the date of issuance and subject the previous 30 day moving price and volume more
Series A Convertible Preferred Stock [Member] | Minimum [Member]
Dividend paid (in dollars per share) | $ / shares					$ 0.10
Series B Convertible Preferred Stock [Member]
Preferred shares, authorized					10,000,000	10,000,000
Preferred shares, par value (in dollars per share) | $ / shares					$ 0.10	$ 0.10
Preferred shares, outstanding					1,500,000	1,500,000
Number of shares issued upon conversion						1
Series B Convertible Preferred Stock [Member] | Solar Logic LLC [Member]
Number of shares issued upon conversion						150,000
Amount of paid-in capital in excess of par | $						$ 4,620,000
Series A Convertible Preferred Stock [Member] | Regent NRCo [Member]
Number of shares redeemed	99,950
Number of shares cancelled	99,950
Series A Convertible Preferred Stock [Member] | Regent NRCo [Member] | Private Placement Offering [Member]
Number of units sold	10,000
Unit price (in dollars per share) | $ / shares	$ 50,000		$ 50,000
Number of shares issued upon conversion	10,000		10,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 15, 2015	Jul. 15, 2015	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Proceeds from related party				$ 10,000
Payment to related parties					10,900
Amount owned to related parties				40,197	12,230
Promissory Note #1 [Member]
Face amount				8,000
Promissory Note #2 [Member]
Face amount				$ 10,000
Interest rate				10.00%
Accrued interest payable				$ 622
NR Partners [Member]
Proceeds from related party				40,816	21,127
Payment to related parties				29,280	37,055
Amount owned to related parties				11,571
Mr. David A. Nelson [Member]
Amount owned to related parties				16,431
Compensation for negotiations and meetings				4,800	6,000
Allowance per day				400
Mr. David A. Nelson [Member] | Solar Logic LLC [Member]
Amount of bonus granted	$ 5,000	$ 10,000
Regent NRCo [Member]
Percentage of net profits interest acquired			10.00%
Regent NRCo [Member] | Restricted Common Stock [Member]
Number of shares issued			50,000
Regent NRCo [Member] | SIG Operating, LC [Member]
Payment to related parties				$ 6,355	$ 17,054

Convertible Debentures (Details

Convertible Debentures (Details)		12 Months Ended
		Dec. 31, 2016bblMcf	Dec. 31, 2015bblMcf
Crude Oil [Member]
Proved Developed and Undeveloped Reserves [Roll Forward]
Balance beginning		5,400	70,600
Revisions of previsous estimates	[1]	(5,400)	(65,200)
Balance end		0	5,400
Proved Development Reserves [Roll Forward]
Balance at beginning of year		5,400
Balance at end of year		0	5,400
Liquids [Member]
Proved Developed and Undeveloped Reserves [Roll Forward]
Balance beginning		0	0
Revisions of previsous estimates	[1]	0	0
Balance end		0	0
Proved Development Reserves [Roll Forward]
Balance at beginning of year		0
Balance at end of year		0	0
Natural Gas [Member]
Proved Developed and Undeveloped Reserves [Roll Forward]
Balance beginning | Mcf		0	0
Revisions of previsous estimates | Mcf	[1]	0	0
Balance end | Mcf		0	0
Proved Development Reserves [Roll Forward]
Balance at beginning of year | Mcf		0
Balance at end of year | Mcf		0	0
[1]	Downward revisions of previous proven estimates were eliminated as uneconomic.

Convertible Debentures (Detai30

Convertible Debentures (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Convertible Debentures Details 1
Future revenues		$ 597,000
Future development costs		(26,000)
Future production costs		(186,000)
Future net cash flow before Federal income tax		385,000
Future income taxes		(77,000)
Future net cash flows		308,000
Effect of 10% annual discounting		(110,000)
Standardized measure of discounted net cash flows		$ 1,079,000	$ 1,514,000

Convertible Debentures (Detai31

Convertible Debentures (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Convertible Debentures Details 2
Balance, beginning of the year	$ 1,079,000	$ 1,514,000
Net changes in prices and costs related to future production		(123,420)
Sales and transfers, net of production costs
Net change due to revisions of quantity estimates		(466,080)
Changes in future development costs		26,000
Net change in income taxes		77,000
Accretion of discount		51,500
Change in production rates (timing) and other		186,000
Net increase (decrease) in standardized measures		(249,000)
Balance, end of year		$ 1,079,000

Convertible Debentures (Detai32

Convertible Debentures (Details Narrative) - Convertible Debenture [Member]	Dec. 05, 2014USD ($)	Dec. 31, 2016USD ($)$ / Unit	Dec. 31, 2015USD ($)
Convertible debenture, face amount	$ 25,000
Convertible debenture, interest rate	8.00%
Debenture interest expense		$ 2,000	$ 1,140
Debenture accrued interest		$ 1,008
Price used for oil per barrel | $ / Unit		44.60
Series A Convertible Preferred Stock [Member]
Convertible number of equity instruments	25,000
Preferred Stock [Member]
Convertible number of equity instruments	25,000