Next Generation Management (NGMC) 10-Q 19 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'NEXT GENERATION ENERGY CORP.	'
Entity Central Index Key	'0000356292	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	125,996,094

Balance_Sheets

Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS:	'	'
Cash and equivalents	$632	$528
Total current assets	632	528
OIL AND GAS PROPERTIES (FULL COST METHOD):	'	'
Mineral rights	14,930	14,930
Evaluated	213,881	213,881
Gross oil and gas properties	228,811	228,811
Less - accumulated depletion	'	'
Net oil and natural gas properties	228,811	228,811
TOTAL ASSETS	229,443	229,339
CURRENT LIABILITIES:	'	'
Accounts payable	113,250	19,258
Accounts payable - related parties	21,664	'
Accrued wages	190,987	52,238
Accrued interest payable	53,761	33,813
Beneficial conversion feature	567,863	106,071
Notes Payable	60,000	30,000
Convertible notes payable, net of debt discount	133,000	150,000
Total current liabilities	1,140,525	491,380
Long term debt, less current maturities:	'	'
Due to related party	40,000	40,000
Total long term liabilities	40,000	40,000
Total liabilities	1,180,525	531,380
DEFICIENCY IN STOCKHOLDERS' EQUITY	'	'
Common stock, par value $0.001 per share; 999,000,000 shares authorized, 125,996,094 and 113,853,237 shares issued and outstanding	125,996	113,853
Additional paid in capital	14,646,652	14,038,295
Accumulated deficit	-15,723,730	-14,454,189
Total stockholders' (deficit)	-951,082	-302,041
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$229,443	$229,339

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	999,000,000	999,000,000
Common stock, shares issued	125,996,094	113,853,237
Common stock, shares outstanding	125,996,094	113,853,237
Series A Preferred Stock	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES:	'	'	'	'
Royalty income	$394	$1,607	$715	$2,213
Total revenue	394	1,607	715	2,213
OPERATING EXPENSES:	'	'	'	'
Administrative	68,720	84,600	185,016	318,313
Total operating expenses	68,720	84,600	185,016	318,313
(LOSS) FROM OPERATIONS	-68,326	-82,993	-184,301	-316,100
OTHER INCOME AND EXPENSES:	'	'	'	'
Gain/(Loss) on note conversion to stock	530,000	'	-603,500	290
Amortization of debt discount	'	'	'	-41,113
(Loss) on beneficial conversion	-13,166	-2,827	-461,792	-43,770
Interest expense	-5,567	-13,069	-19,948	-40,858
Total other income and expenses	511,267	-15,896	-1,085,240	-125,451
Net Income (loss) before income taxes	442,941	-98,889	-1,269,541	-441,551
Provision for income taxes	'	'	'	'
NET INCOME (LOSS)	$442,941	($98,889)	($1,269,541)	($441,551)
Net income/(loss) per common share-basic (Note A)	$0.00	($0.00)	($0.01)	($0.01)
Net income/(loss) per common stock-assuming fully diluted (Note A)	$0.00	'	'	'
Weighted average number of common shares outstanding-basic	125,996,094	33,853,237	119,368,674	33,658,429
Weighted average number of common shares outstanding-fully diluted	133,348,182	'	'	'

Statements_of_Stockholders_Equ

Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid In Capital	Accum. Deficit
Beginning Balance at Dec. 31, 2012	($302,041)	$113,853	$14,038,295	($14,454,189)
Beginning Balance, Shares at Dec. 31, 2012	'	113,853,237	'	'
Net income (loss)	12,501	'	'	12,501
Balance at Mar. 31, 2013	-289,540	113,853	14,038,295	-14,441,688
Beginning Balance, Shares at Mar. 31, 2013	'	113,853,237	'	'
Conversion of convertible note	620,500	12,143	608,357	'
Conversion of convertible note, Shares	'	12,142,857	'	'
Net income (loss)	-1,724,983	'	'	-1,724,983
Balance at Jun. 30, 2013	-1,394,023	125,996	14,646,652	-16,166,671
Balance, Shares at Jun. 30, 2013	'	125,996,094	'	'
Net income (loss)	442,941	'	'	442,941
Balance at Sep. 30, 2013	($951,082)	$125,996	$14,646,652	($15,723,730)
Balance, Shares at Sep. 30, 2013	'	125,996,094	'	'

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	($1,269,541)	($441,551)
Amortization of debt discount	'	41,113
Loss on debt conversion	-603,500	-43,770
(Gain) loss on derivative liability	-461,792	290
Cancellation of Stock Subscription	'	62,135
(Increase) in assets	'	'
Prepaid expenses and other current assets	'	12,460
Note receivable-accrued interest	'	-5,610
Increase (decrease) in liabilities	'	'
Accounts payable	-6,009	51,712
Accounts payable - related parties	21,664	'
Accrued interest	19,948	24,030
Accrued interest - related parties	'	22,439
Accrued expenses	138,750	138,750
Advances related party	'	40,000
Net cash flows (used) by operating activities	-29,896	-11,042
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Sale(Acquisition) of lease rights	'	3,525
Net cash flows by investing activities	'	3,525
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Notes payable	30,000	'
Net cash flows provided by financing activities	30,000	'
NET INCREASE (DECREASE) IN CASH	104	-7,517
CASH, BEGINNING OF PERIOD	528	7,618
CASH, END OF PERIOD	632	101
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'
Cash paid during the period for interest	'	'
Debt conversion, converted investment	$17,000	$62,967
Shares issued for option exercises	'	1,333,804
Shares issued due to debt conversion	12,142,859	'

Summary_of_Accounting_Policies

Summary of Accounting Policies	9 Months Ended
	Sep. 30, 2013
Summary of Accounting Policies [Abstract]	'
SUMMARY OF ACCOUNTING POLICIES	'
	NOTE A - SUMMARY OF ACCOUNTING POLICIES
	General
	The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Accordingly, the results from operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013. The unaudited consolidated financial statements should be read in conjunction with the consolidated December 31, 2012 financial statements and footnotes thereto included in the Company's SEC Form 10-K.
	A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows.
	Business and Basis of Presentation
	Next Generation Energy Corporation was incorporated in the State of Nevada in November 1980 as Micro Tech Industries, with an official name change to Next Generation Media Corporation in April 1997 and an official name change to Next Generation Energy Corporation in July 2010.  The Company is an independent oil and natural gas company engaged in the exploration, development, and production of predominantly natural gas properties located onshore in the United States.  In March 2011, the Company acquired 1,220 acres of mineral leases in Knox County, Kentucky, containing 10 shut-in wells, and is in the process of investigating other acquisitions of oil and gas properties in the same area.
	Use of Estimates
	The preparation of the financial statement in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company’s condensed consolidated financial statements.
	Condensed consolidated interim period results are not necessarily indicative of results of operations or cash flows for the full year and accordingly, certain information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States has been condensed or omitted. The Company has evaluated events or transactions through the date of issuance of these condensed consolidated financial statements
	Cash Equivalents
	For the purpose of the accompanying financial statements, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents.
	Property and Equipment other than Oil and Natural Gas Properties
	Property and equipment are stated at cost.  The cost of normal maintenance and repairs is charged to operating expense as incurred.  Material expenditures, which increase the life of an asset, are capitalized and depreciated over the estimated remaining useful life of the asset.  When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.  For financial statement purposes, property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives as follows:
	Furniture and fixtures	5 years
	Office equipment	3 to 5 years
	Manufacturing equipment	3 to 10 years
	Buildings	40 years
	Gas and Oil Properties
	The Company will follow the full cost method of accounting for the exploration, development, and acquisition of gas and oil reserves. Under this method, all such costs (productive and nonproductive) including salaries, benefits, and other internal costs directly attributable to these activities are capitalized and amortized on an aggregate basis over the estimated lives of the properties using the units-of-production method. The Company excludes all costs of unevaluated properties from immediate amortization. The Company’s unamortized costs of natural gas and oil properties are limited to the sum of the future net revenues attributable to proven natural gas and oil reserves discounted at 10 percent plus the lower of cost or market value of any unproved properties. If the Company’s unamortized costs in natural gas and oil properties exceed this ceiling amount, a provision for additional depreciation, depletion and amortization is required. At March 31, 2011, the Company had completed the acquisition of 1,220 acres of mineral leases containing 10 shut-in well sin Knox County, Kentucky.  Decreases in market prices, as well as changes in production rates, levels of reserves, and the evaluation of costs excluded from amortization, could result in future ceiling test impairments.
	Asset Retirement Obligations
	Accounting Standards Codification 410, Asset retirement and environmental obligations (“ASC 410”) was adopted by the Company. ASC 410 requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made, and that the associated asset retirement costs be capitalized as part of the carrying amount of the long-lived asset. The Company has an option to purchase natural gas and oil properties which may require expenditures to plug and abandon the wells when reserves in the wells are depleted. These expenditures under ASC 410 will be recorded in the period the liability is incurred (at the time the wells are drilled or acquired).
	Depletion
	Oil and gas producing property costs are amortized using the unit of production method.  The Company did not record any amortization expense in the three and nine month periods ended September 30, 2013 and 2012.
	Impairment of Long-Lived Assets
	The Company has adopted Accounting Standards Codification subtopic 360-10, Property, plant and equipment (“ASC 360-10”). The Statement requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell. During the three and nine month periods ended September 30, 2013 and 2012, the Company did not recognize any impairment.
	Research and Development
	The Company accounts for research and development costs in accordance with the Accounting Standards Codification subtopic 730-10, Research and Development (“ASC 730-10”). Under ASC 730-10, all research and development costs must be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and developments costs are expensed when the contracted work has been performed or as milestone results have been achieved. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred. The Company did not incur expenditures on research and product development for the three and nine month periods ended September 30, 2013 and 2012.
	Income Taxes
	The Company has adopted Accounting Standards Codification 740 Income Taxes (ASC 740) which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns.  Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and the tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.  Temporary differences between taxable income reported for financial reporting purposes and income tax purposes are insignificant.
	Advertising
	The Company follows the policy of charging the costs of advertising to expenses as incurred.  The Company charged to operations no advertising costs for the three and nine month periods ended September 30, 2013 and 2012, respectively.
	Comprehensive Income
	Accounting Standards Codification 220 Comprehensive Income (ASC 220) establishes standards for reporting and displaying of comprehensive income, its components and accumulated balances.  Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners.  Among other disclosures, ASC 220 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements.  The Company does not have any items of comprehensive income in any of the periods presented.
	Stock Based Compensation
	Effective for the year beginning January 1, 2006, the Company has adopted Accounting Standards Codification subtopic 718-10, Compensation (“ASC 718-10”). The Company made no employee stock-based compensation grants before December 31, 2005 and therefore has no unrecognized stock compensation related liabilities or expense unvested or vested prior to 2006. Stock-based compensation expense recognized under ASC 718-10 for the three and nine month periods ended September 30, 2013 and 2012 was nil.
	Net income (loss) per share
	The weighted average shares outstanding used in the basic net income per share computations for the three and nine month periods ended September 30, 2013 was 125,996,094 and 119,368,674, respectively.  The diluted shares outstanding for the three and nine month periods ended September 30, 2013 was 133,348,182 and 124,172,335. In determining the number of shares used in computing diluted loss per share for the three and nine month periods ended September 30, 2013 and 2012, common stock equivalents derived from shares issuable from the exercise of stock options and conversion of convertible debt are not considered in the calculation of the weighted average number of common shares outstanding because they would be antidilutive, thereby decreasing the net loss per share.  Therefore, the diluted loss per share is shown as not applicable on the Statements of Operations presented as part of the Company’s financial statements.
	Liquidity
	As shown in the accompanying financial statements, the Company had a loss from operations of ($68,326) and ($184,301) during the three and nine month periods ended September 30, 2013.  The Company's total liabilities exceeded its total assets by $951,082 as of September 30, 2013.
	Concentration of Credit Risk
	Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and trade receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit. The Company periodically reviews its trade receivables in determining its allowance for doubtful accounts.
	Fair Values
	Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”) requires disclosure of the fair value of certain financial instruments. The carrying amount reported in the consolidated condensed balance sheets for accounts receivables, accounts payable and accrued expenses and put liability approximates fair value because of the immediate or short-term maturity of these financial instruments. The carrying amount reported in the accompanying condensed consolidated balance sheets for line of credit approximates fair value because the actual interest rates do not significantly differ from current rates offered for instruments with similar characteristics.
	We use fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Cash, short term investment, warrants and reset derivatives are recorded at fair value on a recurring basis. In accordance with Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), we group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value.
	Reclassifications
	Certain reclassifications have been made in prior year's financial statements to conform to classifications used in the current year.

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2013
Notes Payable [Abstract]	'
NOTES PAYABLE	'
	NOTE B - NOTES PAYABLE
	Notes payable at September 30, 2013 and December 31, 2012 consists of the following:
			September 30,		December 31,
			2013		2012
	Note payable-Forge, LLC, bearing interest at 18.00% per annum, the loan was payable at maturity in July 2012 plus accrued interest. (1)			80,000		150,000
	Note payable – Actual Investments, LLC, bearing interest at 6% per annum, all principal and accrued interest is payable at maturity in October 2013. (2)			30,000		30,000
	Note payable – Actual Investments, LLC, bearing interest at 6% per annum, all principal and accrued interest is payable at maturity in March 2014. (3)			30,000		-
	Note payable – Actual Investments, LLC, bearing interest at 8% per annum, all principal and accrued interest is payable at maturity in September 2013. (4)			53,000		-
	Total notes payable			193,000		180,000
	Less: current maturities			193,000		180,000
	Long term portion		$	-	$	-
	-1	Obligation to Forge, LLC for $150,000, bearing interest at 18.00% per annum, the loan is payable at maturity in July 2012 plus accrued interest.  The note is secured by certain oil and gas properties owned by Knox Gas, LLC, a subsidiary of the Company.  The note is convertible to common stock at a conversion price equal to 75% of the average of the closing prices of the Common Stock for the 10 trading days immediately preceding a conversion date.  The balance outstanding at September 30, 2013 was $80,000 plus accrued interest of $49,558. Our obligation to Forge, LLC contains an embedded beneficial conversion feature since the fair value of our common stock on the date of issuance was in excess of the effective conversion price.  The embedded beneficial conversion feature was recorded by allocating a portion of the proceeds equal to the intrinsic value of the feature to “Additional paid-in-capital”. The intrinsic value of the feature is calculated on the issuance date by multiplying the difference between the quoted market price of our common stock and the effective conversion price by the number of common shares into which the note may be converted.  The resulting discount on the immediately convertible shares is recorded within “Additional paid-in capital” and is amortized over the period from the date of issuance of the to the stated maturity date.  The amount of the discount was $50,000, of which $22,055 was amortized in 2010 and the balance in 2011.  On May 24th, 2013, $70,000 of the note was sold and assigned to Actual Investments, LLC. This note is currently in default.
	-2	The company entered into a promissory note with Actual Investment, LLC on November 27, 2012. The note is unsecured and accrues interest 6% per annum payable on maturity October 26, 2013.
	-3	The company entered into a promissory note with Actual Investment, LLC on March 13, 2013. The note is unsecured and accrues interest 6% per annum payable on maturity March 12, 2014.
	-4	On May 24th, 2013 Actual Investments, LLC entered into a contemporaneous Agreement with Forge, LLC and the company.  Actual Investments, LLC purchased $70,000 of the outstanding obligation to Forge, LLC as describe in subscript (1) and the note is subject to new terms agreed upon between the company and Actual Investments, LLC.  Actual Investments, LL has the option to purchase the remainder of the Forge, LLC debt.  The obligation between the company and Actual Investments, LLC bears interest at 8% per annum and is payable at maturity in September 2013 plus accrued interest. This note is currently in default.

Options

Options	9 Months Ended
	Sep. 30, 2013
Options [Abstract]	'
OPTIONS	'
	NOTE C – OPTIONS
	Non-Employee Stock Options
	The weighted average remaining contractual life of the options and warrants issued by the Company as of September 30, 2013 is set forth below:
	Date of Issuance	Number of Options/		Exercise		Contractual	Weighted Average Remaining
		Warrants		Price		Life	Contractual Life
							(Years)
	22-Oct-10		800,000		0.3	5 years		2.06
	Transactions involving stock options issued are summarized as follows:
		Number of Shares		Weighted Average
				Price Per Share
	Outstanding at December 31, 2012		800,000	$	0.3
	Granted		-		-
	Exercised		-		-
	Canceled or expired		-	$	-
	Outstanding at September 30, 2013		800,000	$	0.3

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
INCOME TAXES	'
	NOTE D - INCOME TAXES
	The Company has adopted Accounting Standards Codification subtopic 740-10, Income Taxes ("ASC 740-10") which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns.
	Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.  Temporary differences between taxable income reported for financial reporting purposes and income tax purposes are insignificant.  Management has provided a valuation allowance for the total net deferred tax assets as of September 30, 2013, as they believe it is more likely than not that the entire amount of deferred assets will not be realized.  The Company has provided a valuation reserve against the full amount of the net operating loss benefit, since in the opinion of management based upon the earnings history of the Company; it is more likely than not that the benefits will not be realized in the near future.
	The Company’s tax returns are subject to possible examination by the taxing authorities. For federal income tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns.

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2013
Common Stock [Abstract]	'
COMMON STOCK	'
	NOTE E – COMMON STOCK
	At September 30, 2013, the Company's authorized capital stock was 999,000,000 shares of common stock, par value $0.001 per share, and 1,000,000 shares of preferred stock, par value $0.001 per share.  On that date, the Company had outstanding 125,996,094 shares of common stock, and no shares of preferred stock.

Convertible_Promissory_Notes_P

Convertible Promissory Notes Payable	9 Months Ended
	Sep. 30, 2013
Convertible Promissory Notes Payable [Abstract]	'
CONVERTIBLE PROMISSORY NOTES PAYABLE	'
	NOTE F - CONVERTIBLE PROMISSORY NOTES PAYABLE
	The Company entered into a Convertible Promissory Note on July 23, 2010. The Convertible Promissory Note accrues interest at 18% per annum which is payable and due quarterly, and matures on July 23, 2012. The note holders have the option to convert any unpaid note principal and accrued interest to the Company's common stock at a rate of 75% of the average closing price of the last ten days of trading any time after the issuance date of the note.
	The Company entered into a Convertible Promissory Note on May 24, 2013. The Convertible Promissory Note accrues interest at 8% per annum which is payable and due at maturity on September 30, 2013. The note holders have the option to convert any unpaid note principal and accrued interest to the Company's common stock at a rate of $0.0014 per share.  The note holder converted $17,000 of the note to common stock at the conversion price and the Company recognized $603,500 as a loss in stock conversion.
	In accordance ASC 470-20, the company allocated, on a relative fair value basis, the net proceeds amongst the common stock, convertible notes and warrants issued to the investors. During the six months ended June 30, 2013 the Company recognized $978,626 as a loss in the beneficial conversion feature.

Going_Concern_Matters

Going Concern Matters	9 Months Ended
	Sep. 30, 2013
Going Concern Matters [Abstract]	'
GOING CONCERN MATTERS	'
	NOTE G – GOING CONCERN MATTERS
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements for the three and nine month periods ended September 30, 2013, the Company incurred an operating loss of ($68,326) and ($184,301).  The Company has a deficiency in stockholder’s equity of ($951,082) and ($302,041) at September 30, 2013 and December 31, 2012, respectively. These factors among others may indicate that the Company will be unable to continue as a going concern.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE H – RELATED PARTY TRANSACTIONS
	During the first quarter of 2012, Mr. Reed’s spouse advanced the Company $40,000 on an unsecured basis with no set repayment terms

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE I - SUBSEQUENT EVENTS
	Management has evaluated the Company’s activity since the end of the period on September 30, 2013, and in their opinion has determined that no additional material subsequent events occurred that would require disclosure in the financial statements

Summary_of_Accounting_Policies1

Summary of Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Summary of Accounting Policies [Abstract]	'
General	'
	General
	The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Accordingly, the results from operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013. The unaudited consolidated financial statements should be read in conjunction with the consolidated December 31, 2012 financial statements and footnotes thereto included in the Company's SEC Form 10-K.
	A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows.
Business and Basis of Presentation	'
	Business and Basis of Presentation
	Next Generation Energy Corporation was incorporated in the State of Nevada in November 1980 as Micro Tech Industries, with an official name change to Next Generation Media Corporation in April 1997 and an official name change to Next Generation Energy Corporation in July 2010.  The Company is an independent oil and natural gas company engaged in the exploration, development, and production of predominantly natural gas properties located onshore in the United States.  In March 2011, the Company acquired 1,220 acres of mineral leases in Knox County, Kentucky, containing 10 shut-in wells, and is in the process of investigating other acquisitions of oil and gas properties in the same area.
Use of Estimates	'
	Use of Estimates
	The preparation of the financial statement in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company’s condensed consolidated financial statements.
	Condensed consolidated interim period results are not necessarily indicative of results of operations or cash flows for the full year and accordingly, certain information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States has been condensed or omitted. The Company has evaluated events or transactions through the date of issuance of these condensed consolidated financial statements
Cash Equivalents	'
	Cash Equivalents
	For the purpose of the accompanying financial statements, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents.
Property and Equipment other than Oil and Natural Gas Properties	'
	Property and Equipment other than Oil and Natural Gas Properties
	Property and equipment are stated at cost.  The cost of normal maintenance and repairs is charged to operating expense as incurred.  Material expenditures, which increase the life of an asset, are capitalized and depreciated over the estimated remaining useful life of the asset.  When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.  For financial statement purposes, property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives as follows:
	Furniture and fixtures	5 years
	Office equipment	3 to 5 years
	Manufacturing equipment	3 to 10 years
	Buildings	40 years
Gas and Oil Properties	'
	Gas and Oil Properties
	The Company will follow the full cost method of accounting for the exploration, development, and acquisition of gas and oil reserves. Under this method, all such costs (productive and nonproductive) including salaries, benefits, and other internal costs directly attributable to these activities are capitalized and amortized on an aggregate basis over the estimated lives of the properties using the units-of-production method. The Company excludes all costs of unevaluated properties from immediate amortization. The Company’s unamortized costs of natural gas and oil properties are limited to the sum of the future net revenues attributable to proven natural gas and oil reserves discounted at 10 percent plus the lower of cost or market value of any unproved properties. If the Company’s unamortized costs in natural gas and oil properties exceed this ceiling amount, a provision for additional depreciation, depletion and amortization is required. At March 31, 2011, the Company had completed the acquisition of 1,220 acres of mineral leases containing 10 shut-in well sin Knox County, Kentucky.  Decreases in market prices, as well as changes in production rates, levels of reserves, and the evaluation of costs excluded from amortization, could result in future ceiling test impairments.
Asset Retirement Obligations	'
	Asset Retirement Obligations
	Accounting Standards Codification 410, Asset retirement and environmental obligations (“ASC 410”) was adopted by the Company. ASC 410 requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made, and that the associated asset retirement costs be capitalized as part of the carrying amount of the long-lived asset. The Company has an option to purchase natural gas and oil properties which may require expenditures to plug and abandon the wells when reserves in the wells are depleted. These expenditures under ASC 410 will be recorded in the period the liability is incurred (at the time the wells are drilled or acquired).
Depletion	'
	Depletion
	Oil and gas producing property costs are amortized using the unit of production method.  The Company did not record any amortization expense in the three and nine month periods ended September 30, 2013 and 2012.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	The Company has adopted Accounting Standards Codification subtopic 360-10, Property, plant and equipment (“ASC 360-10”). The Statement requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell. During the three and nine month periods ended September 30, 2013 and 2012, the Company did not recognize any impairment.
Research and Development	'
	Research and Development
	The Company accounts for research and development costs in accordance with the Accounting Standards Codification subtopic 730-10, Research and Development (“ASC 730-10”). Under ASC 730-10, all research and development costs must be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and developments costs are expensed when the contracted work has been performed or as milestone results have been achieved. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred. The Company did not incur expenditures on research and product development for the three and nine month periods ended September 30, 2013 and 2012.
Income Taxes	'
	Income Taxes
	The Company has adopted Accounting Standards Codification 740 Income Taxes (ASC 740) which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns.  Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and the tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.  Temporary differences between taxable income reported for financial reporting purposes and income tax purposes are insignificant.
Advertising	'
	Advertising
	The Company follows the policy of charging the costs of advertising to expenses as incurred.  The Company charged to operations no advertising costs for the three and nine month periods ended September 30, 2013 and 2012, respectively.
Comprehensive Income	'
	Comprehensive Income
	Accounting Standards Codification 220 Comprehensive Income (ASC 220) establishes standards for reporting and displaying of comprehensive income, its components and accumulated balances.  Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners.  Among other disclosures, ASC 220 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements.  The Company does not have any items of comprehensive income in any of the periods presented.
Stock Based Compensation	'
	Stock Based Compensation
	Effective for the year beginning January 1, 2006, the Company has adopted Accounting Standards Codification subtopic 718-10, Compensation (“ASC 718-10”). The Company made no employee stock-based compensation grants before December 31, 2005 and therefore has no unrecognized stock compensation related liabilities or expense unvested or vested prior to 2006. Stock-based compensation expense recognized under ASC 718-10 for the three and nine month periods ended September 30, 2013 and 2012 was nil.
Net income (loss) per share	'
	Net income (loss) per share
	The weighted average shares outstanding used in the basic net income per share computations for the three and nine month periods ended September 30, 2013 was 125,996,094 and 119,368,674, respectively.  The diluted shares outstanding for the three and nine month periods ended September 30, 2013 was 133,348,182 and 124,172,335. In determining the number of shares used in computing diluted loss per share for the three and nine month periods ended September 30, 2013 and 2012, common stock equivalents derived from shares issuable from the exercise of stock options and conversion of convertible debt are not considered in the calculation of the weighted average number of common shares outstanding because they would be antidilutive, thereby decreasing the net loss per share.  Therefore, the diluted loss per share is shown as not applicable on the Statements of Operations presented as part of the Company’s financial statements.
Liquidity	'
	Liquidity
	As shown in the accompanying financial statements, the Company had a loss from operations of ($68,326) and ($184,301) during the three and nine month periods ended September 30, 2013.  The Company's total liabilities exceeded its total assets by $951,082 as of September 30, 2013.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and trade receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit. The Company periodically reviews its trade receivables in determining its allowance for doubtful accounts.
Fair Values	'
	Fair Values
	Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”) requires disclosure of the fair value of certain financial instruments. The carrying amount reported in the consolidated condensed balance sheets for accounts receivables, accounts payable and accrued expenses and put liability approximates fair value because of the immediate or short-term maturity of these financial instruments. The carrying amount reported in the accompanying condensed consolidated balance sheets for line of credit approximates fair value because the actual interest rates do not significantly differ from current rates offered for instruments with similar characteristics.
	We use fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Cash, short term investment, warrants and reset derivatives are recorded at fair value on a recurring basis. In accordance with Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), we group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value.
Reclassifications	'
	Reclassifications
	Certain reclassifications have been made in prior year's financial statements to conform to classifications used in the current year.

Summary_of_Accounting_Policies2

Summary of Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Accounting Policies [Abstract]	'
Summary of estimated useful lives of property and equipment	'
	Furniture and fixtures	5 years
	Office equipment	3 to 5 years
	Manufacturing equipment	3 to 10 years
	Buildings	40 years

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Notes Payable [Abstract]	'
Summary of notes payable	'
		September 30,		December 31,
		2013		2012
	Note payable-Forge, LLC, bearing interest at 18.00% per annum, the loan is payable at maturity in July 2012 plus accrued interest. (1)		80,000		150,000
	Note payable – Actual Investments, LLC, bearing interest at 6% per annum, all principal and accrued interest is payable at maturity in October 2013. (2)		30,000		30,000
	Note payable – Actual Investments, LLC, bearing interest at 6% per annum, all principal and accrued interest is payable at maturity in March 2014. (3)		30,000		-
	Note payable – Actual Investments, LLC, bearing interest at 8% per annum, all principal and accrued interest is payable at maturity in September 2013. (4)		53,000		-
	Total notes payable		193,000		180,000
	Less: current maturities		193,000		180,000
	Long term portion	$	-	$	-

Options_Tables

Options (Tables)	9 Months Ended
	Sep. 30, 2013
Options [Abstract]	'
Summary of weighted average remaining contractual life of options and warrants	'
	Date of Issuance	Number of Options/		Exercise		Contractual	Weighted Average Remaining
		Warrants		Price		Life	Contractual Life
							(Years)
	22-Oct-10		800,000		0.3	5 years		2.06
Summary of transactions involving stock options issued	'
		Number of Shares		Weighted Average
				Price Per Share
	Outstanding at December 31, 2012		800,000	$	0.3
	Granted		-		-
	Exercised		-		-
	Canceled or expired		-	$	-
	Outstanding at September 30, 2013		800,000	$	0.3

Summary_of_Accounting_Policies3

Summary of Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2013
Furniture and fixtures [Member]	'
Summary of estimated useful lives of property and equipment	'
Property and equipment estimated useful lives	'5 years
Office equipment [Member]	'
Summary of estimated useful lives of property and equipment	'
Property and equipment estimated useful lives	'3 to 5 years
Manufacturing equipment [Member]	'
Summary of estimated useful lives of property and equipment	'
Property and equipment estimated useful lives	'3 to 10 years
Buildings [Member]	'
Summary of estimated useful lives of property and equipment	'
Property and equipment estimated useful lives	'40 years

Summary_of_Accounting_Policies4

Summary of Accounting Policies (Details Textual) (USD $)	1 Months Ended	3 Months Ended				9 Months Ended
	Mar. 31, 2011	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	acre
	Well
Summary of significant accounting policies (Textual)	'	'	'	'	'	'	'	'
Area of land acquired for mineral leases (In acres)	1,220	'	'	'	'	'	'	'
Number of drilled wells	10	'	'	'	'	'	'	'
Discount on natural gas and oil reserves	'	'	'	'	'	10.00%	'	'
Impairment of long-lived assets	'	$0	'	'	$0	$0	$0	'
Advertising cost	'	0	'	'	0	0	0	'
Stock-based compensation expense	'	133,348,182	'	'	'	124,172,335	'	'
Weighted average number of common shares outstanding-basic	'	125,996,094	'	'	33,853,237	119,368,674	33,658,429	'
Weighted average number of common shares outstanding-fully diluted	'	133,348,182	'	'	'	'	'	'
Operating loss	'	-68,326	'	'	-82,993	-184,301	-316,100	'
Stockholder's equity deficiency	'	-951,082	-1,394,023	-289,540	'	-951,082	'	-302,041
Net loss	'	$442,941	($1,724,983)	$12,501	($98,889)	($1,269,541)	($441,551)	'

Notes_Payable_Details

Notes Payable (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Summary of notes payable	'	'
Total notes payable	$193,000	$180,000
Less: current maturities	-60,000	-30,000
Long term portion	'	'
Forge LLC [Member]	'	'
Summary of notes payable	'	'
Total notes payable	80,000	150,000
Actual Investments LLC [Member]	'	'
Summary of notes payable	'	'
Total notes payable	30,000	30,000
Actual Investments LLC one [Member]	'	'
Summary of notes payable	'	'
Total notes payable	30,000	'
Actual Investments Llc Three [Member]	'	'
Summary of notes payable	'	'
Total notes payable	$53,000	'

Notes_Payable_Details_Textual

Notes Payable (Details Textual) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2010

Dec. 31, 2012

24-May-13

Jul. 23, 2010

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Convertible Promissory Notes [Member]

Convertible Promissory Notes [Member]

Convertible Promissory Notes [Member]

Forge LLC [Member]

Forge LLC [Member]

Actual Investments LLC [Member]

Actual Investments LLC [Member]

Actual Investments LLC one [Member]

Actual Investments LLC one [Member]

Actual Investments Llc Three [Member]

Actual Investments Llc Three [Member]

Notes Payable (Textual)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable

$193,000

'

$193,000

'

'

$180,000

$70,000,000

'

'

$80,000

$150,000

$30,000

$30,000

$30,000

'

$53,000

'

Interest rate

'

'

'

'

'

'

8.00%

'

'

18.00%

'

6.00%

'

6.00%

'

8.00%

'

Maturity date

'

'

'

'

'

'

30-Sep-13

23-Jul-12

'

31-Jul-12

'

26-Oct-13

'

12-Mar-14

'

30-Sep-13

'

Conversion term of notes

'

'

'

'

'

'

'

'

'The note holders have the option to convert any unpaid note principal and accrued interest to the Company's common stock at a rate of 75% of the average closing price of the last ten days of trading any time after the issuance date of the note.

'The note is convertible to common stock at a conversion price equal to 75% of the average of the closing prices of the Common Stock for the 10 trading days immediately preceding a conversion date.

'

'

'

'

'

'

'

Balance outstanding

'

'

'

'

'

'

'

'

'

80,000

'

'

'

'

'

'

'

Accrued interest

53,761

'

53,761

'

'

33,813

'

'

'

49,558

'

'

'

'

'

'

'

Amount of discount

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

Amortization of debt discount

'

'

'

$41,113

$22,055

'

'

'

'

'

'

'

'

'

'

'

'

Options_Details

Options (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Summary of weighted average remaining contractual life of options and warrants issued	'
Date of Issuance	22-Oct-10
Number of Options/Warrants	800,000
Exercise Price	$0.30
Contractual Life	'5 years
Weighted Average Remaining Contractual Life (Years)	'2 years 22 days

Options_Details_1

Options (Details 1) (Options [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Options [Member]	'
Summary of transactions involving stock options issued	'
Number of shares outstanding, Beginning balance	800,000
Number of shares, Granted	'
Number of shares, Exercised	'
Number of shares, Canceled or expired	'
Number of shares outstanding, Ending balance	800,000
Weighted Average Exercise Price outstanding, Beginning balance	$0.30
Weighted Average Price Per Share, Granted	'
Weighted Average Price Per Share, Exercised	'
Weighted Average Price Per Share, Canceled or expired	'
Weighted Average Price Per Share outstanding, Ending balance	$0.30

Common_Stock_Details

Common Stock (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common Stock (Textual)	'	'
Common stock, shares authorized	999,000,000	999,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares outstanding	125,996,094	113,853,237
Preferred Stock [Member]	'	'
Common Stock (Textual)	'	'
Capital Preferred stock, shares authorized	1,000,000	1,000,000
Capital Preferred stock, par value (in dollars per share)	$0.00	$0.00

Convertible_Promissory_Notes_P1

Convertible Promissory Notes Payable (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	24-May-13	Jul. 23, 2010	Sep. 30, 2013
					Convertible Promissory Notes [Member]	Convertible Promissory Notes [Member]	Convertible Promissory Notes [Member]
Convertible Promissory Notes Payable (Textual)	'	'	'	'	'	'	'
Accrued interest on Convertible Promissory Note	'	'	'	'	8.00%	18.00%	'
Maturity date	'	'	'	'	30-Sep-13	23-Jul-12	'
Conversion term of notes	'	'	'	'	'	'	'The note holders have the option to convert any unpaid note principal and accrued interest to the Company's common stock at a rate of 75% of the average closing price of the last ten days of trading any time after the issuance date of the note.
Market price of converted note	'	'	'	'	$0.00	'	'
Debt conversion, converted amount	'	'	$17,000	$62,967	$17,000	'	$978,626
Loss on conversion	($530,000)	'	$603,500	($290)	($603,500)	'	'

Going_Concern_Matters_Details

Going Concern Matters (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Going Concern Matters (Textual)	'	'	'	'	'	'	'
Operating Income (Loss)	($68,326)	($82,993)	($184,301)	($316,100)	'	'	'
Stockholder's equity deficiency	($951,082)	'	($951,082)	'	($1,394,023)	($289,540)	($302,041)

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Related Party Transactions (Textual)	'
Advances from Reed's spouse	$40,000