Global Tech Industries (GTII) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 14, 2014
Document And Entity Information	'	'
Entity Registrant Name	'TREE TOP INDUSTRIES, INC.	'
Entity Central Index Key	'0000356590	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	8,975,090
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$4,601	$1,169
Accounts receivable	0	4,731
MARKETABLE SECURITIES	67,290	54,649
Total Current Assets	71,891	60,549
PROPERTY AND EQUIPMENT (NET)	6,866	8,278
TOTAL ASSETS	78,757	68,827
LIABILITIES AND STOCKHOLDERS' DEFICIT	'	'
Accounts payable and accrued expenses	787,893	761,208
Accrued interest	182,666	142,925
Asset retirement obligation	101,250	101,250
Due to officers and directors	50,647	50,646
Notes Payable related party	0	48,795
Notes payable- in default	310,000	329,000
Current portion of long-term debt	142,840	154,484
Total Current Liabilities	1,575,296	1,588,308
LONG-TERM LIABILITIES	'	'
Notes payable - related party (less current portion)	728,587	658,715
Notes payable (less current portion)	566,181	463,242
Total Long-Term Liabilities	1,294,768	1,121,957
Total Liabilities	2,870,064	2,710,265
STOCKHOLDERS' DEFICIT	'	'
Preferred Stock, par value $.001, 50,000 authorized, 0 issued	0	0
Common stock, par value $0.001 per share, 10,000,000 shares authorized; 8,975,089 and 8,975,089	8,975	8,975
Additional paid-in-capital	149,142,145	149,134,945
Unearned ESOP shares	2,176,000	-2,176,000
Accumulated other comprehensive income (loss)	40,670	28,029
Retained Deficit	-149,807,097	-149,637,387
Total Stockholders' Deficit	-2,791,306	-2,641,438
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$78,758	$68,827

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock shares authorized	50,000	50,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	10,000,000	10,000,000
Common stock, issued	8,975,089	8,975,089
Common stock, outstanding	8,175,089	8,175,089

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
REVENUES	'	'	'	'
Crude oil sales	$8,915	$0	$24,405	$0
Oil & Gas operating costs	9,789	0	18,303	0
Gross Profit	-874	0	6,102	0
OPERATING EXPENSES	'	'	'	'
Depreciation	706	2,423	1,412	5,720
General and administrative	17,389	25,628	45,132	50,539
Compensation and professional fees	27,650	64,589	76,053	149,743
Total Operating Expenses	45,745	92,640	122,597	206,002
LOSS FROM OPERATIONS	-46,619	-92,640	-116,495	-206,002
OTHER INCOME (EXPENSE)	'	'	'	'
Gain on debt forgiveness	0	165,220	0	165,220
Gain(loss) on investments	0	557	0	557
Interest expense	-27,509	-10,432	-53,215	-27,679
Total Other Income (Expense)	-27,509	155,345	-53,215	138,098
NET INCOME (LOSS) BEFORE INCOME TAXES	-74,128	62,705	-169,710	-67,904
PROVISION FOR INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	-74,128	62,705	-169,710	-67,904
OTHER COMPREHENSIVE INCOME/(LOSS) NET OF TAXES	'	'	'	'
Unrealized income (loss) on held for sale marketable securities	5,591	394	12,641	-2,133
COMPREHENSIVE INCOME/(LOSS)	($68,537)	$63,099	($157,069)	($70,037)
LOSS PER SHARE - BASIC & DILUTED	($0.01)	$0.01	($0.02)	($0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	8,175,090	5,954,018	8,175,090	5,932,650

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($169,710)	($67,904)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	1,411	5,719
Common stock issued for services rendered	0	82,181
Imputed interest on loan	7,200	6,720
Gain on debt settlement	0	-165,220
Gain on sale of investment	0	-557
Change in operating assets and liabilities, net of acquisition:	'	'
(Increase) decrease in accounts receivable	4,731	0
Increase (decrease) in bank overdraft	0	0
Increase (decrease) in accounts payable and accrued expenses	66,428	140,818
Net Cash Used in Operating Activities	-89,940	1,757
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Cash received from sale of investment	0	28,561
Purchase of property and equipment	0	-6,584
Net Cash provided by (used in) Investing Activities	0	21,977
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Cash received from notes payable	42,500	50,640
Cash paid on notes payable	0	-12,000
Cash paid to related party loans	-41,259	-66,285
Cash received from related party loans	92,131	6,968
Net Cash Provided by (Used in) Financing Activities	93,372	-20,677
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,432	3,057
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,169	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,601	3,057
SUPPLEMENTAL DISCLOSURES:	'	'
Cash paid for interest	0	0
Cash paid for income taxes	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Unrealized (gain)/loss on marketable securities	-12,641	1,739
Conversion on accrued interest	0	97,321
Stock issued to settle accounts payable	0	204,081
Contribution of capital from officers	0	3,108,133
Non-cash recording of deferred revenue	$0	$15,159

1_CONDENSED_FINANCIAL_STATEMEN

1. CONDENSED FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
CONDENSED FINANCIAL STATEMENTS	'
	The accompanying financial statements have been prepared by Tree Top Industries, Inc. (“the Company”) without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2013 audited financial statements.  The results of operations for the six month period ended June 30, 2014 are not necessarily indicative of the operating results for the full year.
	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as disclosed in Item 2 below. All significant inter-company balances and transactions have been eliminated.

2_GOING_CONCERN

2. GOING CONCERN	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
GOING CONCERN	'
	The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

3_SIGNIFICANT_ACCOUNTING_POLIC

3. SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
SIGNIFICANT ACCOUNTING POLICIES	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Beneficial Conversion Feature of Debentures and Convertible Notes Payable
	In accordance with FASB ASC 470-20, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Conversion Ratios, we recognize the advantageous value of conversion rights attached to convertible debt.  Such rights give the debt holder the ability to convert his debt into common stock at a price per share that is less than the trading price to the public on the day the loan is made to us. The beneficial value is calculated as the intrinsic value (the market price of the stock at the commitment date in excess of the conversion rate) of the beneficial conversion feature of the debentures and related accruing interest, and is recorded as a discount to the related debt and an addition to additional paid in capital.  The discount is amortized over the remaining outstanding period of related debt using the straight-line method.
	Recent Accounting Pronouncements
	No accounting pronouncements were issued during the second quarter of 2014 that would have a material effect on the accounting policies of the Company when adopted.
	Oil and Gas Interests
	The Company utilizes the full cost method of accounting for oil and gas activities. Under this method, subject to a limitation based on estimated value, all costs associated with property acquisition, exploration and development, including costs of unsuccessful exploration; are capitalized within a cost center. No gain or loss is recognized upon the sale or abandonment of undeveloped or producing oil and gas interests unless the sale represents a significant portion of oil and gas interests and the gain significantly alters the relationship between capitalized costs and proved oil and gas reserves of the cost center. Depreciation, depletion and amortization of oil and gas interests is computed on the units of production method based on proved reserves. Amortizable costs include estimates of future development costs of proved undeveloped reserves.
	Capitalized costs of oil and gas interests may not exceed an amount equal to the present value, discounted at 10%, of the estimated future net cash flows from proved oil and gas reserves plus the cost, or estimated fair market value, if lower, of unproved interests. Should capitalized costs exceed this ceiling, an impairment is recognized. The present value of estimated future net cash flows is computed by applying average prices, in the preceding twelve months, of oil and gas to estimated future production of proved oil and gas reserves as of year-end, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions.
	The oil and gas interests were purchased with the issuance of 466,853 shares and were valued at market value at the grant date as $513,538. However at December 31, 2012, due to a mechanics lien and impairment of title to the assets, the Company impaired the recorded cost, leaving no value associated with the acquisition. The Company recorded an impairment on long lived assets in the amount of $513,538.
	Asset Retirement Obligation
	The Company follows FASB ASC 410-20 "Accounting for Asset Retirement Obligations," which addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.
	FASB ASC 410-20 requires recognition of the present value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The liability is capitalized as part of the related long-lived asset's carrying amount.
	Over time, accretion of the liability is recognized as an operating expense and the capitalized cost is depreciated over the expected useful life of the related asset. The Company's asset retirement obligations are related to the plugging, dismantlement, removal, site reclamation and similar activities of its oil and gas exploration activities.
	The asset retirement obligation is as follows:
			6/30/2014			12/31/2013
	Previous Balance	$	101,250		$	-
	Increases/(decreases) current period		-			101,250
	Ending Balance	$	101,250		$	101,250
	Investments at Cost
	The Company accounts for its investment in private entities using the equity method for investments where the Company’s shares held are in excess of 20% of the outstanding shares of the investee.  The Company acquired a 25% equity investment in three entities from Brazil as part of the assets of the ARUR acquisition in December 2012. Due to the inactivity of the entities, the Company did not allocate any purchase price to these investments. The Company evaluates its cost in investments for impairment of value annually.  If cost investments become marketable they are reclassified to Marketable Securities-Available for Sale.
	Investments are as follows:
	Balance, December 31, 2013		$	0
	Realized gains and losses			0
	Unrealized gains and losses			0
	Balance, June 30, 2014		$	0
	Marketable Securities-Available for Sale
	The Company purchased marketable securities during 2012. The Company's marketable securities are classified as "available for sale". Accordingly, the Company originally recognizes the shares at the market value purchased. The shares are evaluated quarterly using the specific identification method. Any unrealized holding gains or losses are reported as Other Comprehensive Income and as a separate component of stockholder's equity. Realized gains and losses are included in earnings. Also other than temporary impairments are recorded as a loss on marketable securities in the statements of operations.
	Marketable securities are as follows at June 30, 2014:
	Balance at December 31, 2013:		$	54,649
	Change in market value for the period			12,641
	Balance at June 30, 2014:		$	67,290
	Fair Value of Financial Instruments
	On January 1, 2008, the Company adopted ASC 820, “Fair Value Measurements” ASC 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
		o	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
		ο	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
		ο	Level 3 inputs to the valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheets for cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The carrying value of notes payable approximates fair value because negotiated terms and conditions are consistent with current market rates as of June 30, 2014 and December 31, 2013.
	Marketable securities are reported at the quoted and listed market rates of the securities held at the period end.
	The following table presents the Company’s Marketable securities and Notes Payable within the fair value hierarchy utilized to measure fair value on a recurring basis as of June 30, 2014 and December 31, 2013:
		Level 1	Level 2	Level 3
	Marketable Securities – 2014	67,290	-0-			-0-
	Marketable Securities – 2013	54,649	-0-			-0-
	Notes payable - 2014	-0-	-0-			1,747,608
	Notes payable - 2013	-0-	-0-			1,654,236
	The following table presents a Level 3 reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs as of June 30, 2014 and December 31, 2013:
			Notes payable
	Balance, December 31, 2013		$	1,654,236
	Note issuances			134,631
	Note payments			-41,259
	Balance, June 30, 2014		$	1,747,608
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, NetThruster, Inc., BioEnergy Applied Technologies Inc., GoHealthMD, Inc., MLN, Inc., Eye Care Centers International, Inc., GoHealthMD Nano Pharmaceuticals, Inc., TTI Strategic Acquisitions and  Equity Group, Inc. and TTII Oil & Gas, Inc. All subsidiaries of the Company except TTII Oil & Gas, Inc., currently have no financial activity. All significant inter-company balances and transactions have been eliminated.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained with major financial institutions in the U S. Deposits held with these banks at times exceed $250,000 of insurance provided on such deposits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash and cash equivalents. There were no cash equivalents at June 30, 2014 and December 31, 2013.
	Accounts Receivable/Allowances for Doubtful Accounts
	The Company regularly assesses the collectability of its accounts receivable, and considers receivables with aging exceeding 120 days to be potentially uncollectible.  Management will analyze the need for an allowance for doubtful accounts at that time. As of June 30, 2014 and December 31, 2013, there are no allowances recorded.
	Stock Based Compensation
	The Company accounts for stock-based compensation in accordance with the provisions of ASC 718.  ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant-date fair value of the award. That cost will be recognized over the period during which an employee is required to provide service in exchange for the reward- known as the requisite service period. No compensation cost is recognized for equity instruments for which employees do not render the requisite service. The grant-date fair value of employee share options and similar instruments are estimated using the Black Scholes option-pricing model adjusted for the unique characteristics of those instruments.
	Equity instruments issued to non-employees are recorded at their fair values as determined in accordance with ASC 718 and ASC 595, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods and Services”, and are periodically revalued as the stock options vest and are recognized as expense over the related service period.
	Basic and Diluted Loss per Share
	The Company calculates earnings per share in accordance with ASC 260, “Computation of Earnings Per Share.” Basic loss per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share gives effect to dilutive convertible securities, options, warrants and other potential common stock outstanding during the period; only in periods in which such effect is dilutive. For 2014 and 2013, no common equivalent shares were excluded from the calculation and as of June 30, 2014, there are not stock equivalents existing. The ESOP shares issued during 2012 and 2011 have also been excluded from the calculation as they were issued but not outstanding.
			For the Six Months				For the Six Months
		Ended June 30,				Ended June 30,
		2014				2013
Income (Loss) (numerator)		$	(169,710	)		$	(67,904	)
Shares (denominator)			8,175,090				5,932,650
Basic and diluted income (loss) per share		$	(0.02	)		$	(0.01	)
Revenue Recognition
Oil and Gas Revenues and Deferred Revenue
Revenue from sales of crude oil are recorded when deliveries have occurred and legal ownership of the commodity transfers to the customer. Title transfers for crude oil generally occur when a tanker lifting has occurred. Oil inventory in holding tanks at the period end are recorded as deferred revenue prior to tanker lifting.
Intangible Assets and Business Combinations
The Company adopted ASC 805, “Business Combinations”, and ASC 350, “Goodwill and Other Intangible Assets”, effective June 2001 and revised in December 2007. ASC 805 requires the use of the purchase method of accounting for any business combinations initiated after June 30, 2002, and further clarifies the criteria to recognize intangible assets separately from goodwill. Under ASC 350, goodwill and indefinite−life intangible assets are no longer amortized, but are reviewed for impairment annually.
Oil & Gas Inventory
The Company accounts for the oil & gas extracted from the ground and held in holding tanks prior to pickup and sale as oil & gas inventory. It is computed using the measurement of barrels and is multiplied with the published oil purchase price from the customer that picks up and purchases our oil.
Concentrations of Credit Risk
During the quarter ended June 30, 2014, the Company had one major customer, through which the Company sold 100% of its oil production. Although the Company believes comparable refineries could be contracted to pickup and purchase our oil the loss of this customer could have a temporary negative impact on the Company’s operations.
Income Taxes
The Company applies ASC 740 which requires the asset and liability method of accounting for income taxes. The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.
The Company adopted ASC 740 at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a “more-likely-than-not” approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company’s financial statements. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will to be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment

4_RELATED_PARTY_TRANSACTIONS

4. RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	Due to officers as of June 30, 2014 and December 31, 2013 totals $661,334 and $627,714, respectively. These balances consist of notes payable, net cash advances, bonuses, unpaid wages and unpaid expense reimbursements due to David Reichman and Kathy Griffin. The payables are unsecured, due on demand and do not bear interest. The notes payable bear interest at 5% and are due in 2014 and 2015. During the 1st six months of 2014 Mr. Reichman advanced $67,779 to the Company to cover operating expenses, and was repaid $34,159. During 2013 Mr. Reichman advanced $6,968 to the Company and was repaid $66,285. At June 30, 2014 and December 31, 2013, the balances due each officer are as follows: Mr. Reichman: $505,270 and $471,691, respectively, and Mrs. Griffin: $206,670 and $206,670, respectively.
	During the first six months of 2014 and the year ended December 31, 2013, a board member advanced $22,000 and $17,000, respectively. These totals consist of several small advances, each covered by separate notes that bear interest at 6% and 8%, are unsecured, and are due January 31, 2016. The total notes payable to this board member at June 30, 2014 and December 31, 2013 amount to $72,000 and $50,000, respectively. As of June 30, 2014, $39,000 in notes are in default, however, the lender has not made demand for payment.

5_NOTES_PAYABLE

5. NOTES PAYABLE	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
NOTES PAYABLE	'
	(a)	NOTES PAYABLE
	Notes payable consist of various notes bearing interest at rates from 5% to 8%, which are unsecured, with original due dates between August 2000 and January 2016. Four notes with maturity dates that have passed are currently in default with the remaining note due on dates as specified below. At June 30, 2014 and December 31, 2013, notes payable amounted to $1,752,356 and $1,654,236, respectively. Below is a table summarizing the notes owed by the Company.
	Balance at		Balance at		Interest
	6/30/14		12/31/13		Rate			Maturity
	$	18,000	$	18,000		6	%	9/1/02
		30,000		30,000		6	%	9/12/02
		25,000		25,000		5	%	8/31/00
		40,000		40,000		7	%	7/10/02
		192,000		192,000		0	%	On demand(1)
		0		19,000		8	%	8/13/13
		5,000		5,000		6	%	10/28/13
		438,792		409,920		5	%	1/15/16
		11,125		11,125		5	%	1/15/16
		200,000		200,000		5	%	1/15/16
		6,670		6,670		5	%	1/15/16
		10,000		10,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		19,000		0		8	%	1/31/16
		5,000		5,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		5,000		5,000		6	%	1/31/16
		2,000		0		6	%	1/31/16
		5,000		0		6	%	1/31/16
		5,000		0		6	%	1/31/16
		10,000		0		6	%	1/31/16
		388,376		388,376		5	%	1/31/16
		100,000		100,000		5	%	1/31/16
		32,960		32,960		5	%	1/31/16
		32,746		32,746		5	%	1/31/16
		5,099		5,099		5	%	1/31/16
		7,000		0		6	%	1/31/16
		5,000		0		6	%	11/11/14
		50,000		50,000		6	%	3/23/14
		12,000		12,000		6	%	3/24/14
		5,000		5,000		6	%	4/5/14
		3,000		3,000		6	%	4/26/14
		10,000		10,000		6	%	5/13/14
		2,500		2,500		6	%	7/22/14
		14,000		0		6	%	9/22/14
		16,640		16,640		6	%	1/10/14
		3,200		3,200		6	%	3/12/14
		5,000		5,000		6	%	3/17/14
		5,000		0		6	%	1/7/15
		7,500		0		6	%	1/17/15
		4,000		0		6	%	3/6/15
		1,747,608		1,654,236	Total balance
		452,840		581,074	Less: Current portion
	$	1,294,768	$	1,073,162	Long Term Debt
	$	182,666	$	142,925	Accrued Interest
	Note payable activity in the six months ended June 30, 2014:
	-1	Imputed interest due to 0% interest rate

6_STOCKHOLDERS_DEFICIT

6. STOCKHOLDERSb DEFICIT	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
STOCKHOLDERSb DEFICIT	'
	ISSUANCES OF COMMON STOCK
	During the six months ended June 30, 2014, there were no common stock issuances.
	During the six months ended June 30, 2014, the Company recorded imputed interest on a non-interest bearing note in the amount of $6,720, with an increase in paid in capital.
	During the six months ended June 30, 2014, the Company did not issue any stock options or warrants.

7_LEGAL_ACTIONS

7. LEGAL ACTIONS	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
LEGAL ACTIONS	'
	During March 2013, the Company was named in an action pertaining to the 75% working interest in the Ownbey Lease. Subsequent to the Company’s purchase of the assets and the termination of the operator a mechanics lien was filed against the property claiming approximately $267,000 in fees are due to the previous operator. An action is pending in the District Court of Chautauqua County, Kansas, captioned Aesir Energy, Inc. vs. American Resource Technologies, Inc.; Nancy Ownbey Archer; Jimmy Stephen Ownbey; Robbie Faye Butts; Tree Top Industries, Inc.; and TTII oil & Gas, Inc. A partial order of foreclosure was granted on July 9, 2014 in favor of TTII. The plaintiff's petition for foreclosure of the lien was dismissed because the lien statement was deficient and therefore invalid and unenforceable under Kansas law.  A telephone status conference is scheduled for the September 10, 2014 regarding the plaintiff's remaining claim.

8_SUBSEQUENT_EVENTS

8. SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	In accordance with ASC 855-10 Company management reviewed all material events through the date of this report and there are no material subsequent events to report except as follows: NONE.

3_SIGNIFICANT_ACCOUNTING_POLIC1

3. SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Use of Estimates	'
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Beneficial Conversion Feature of Debentures and Convertible Notes Payable	'
	In accordance with FASB ASC 470-20, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Conversion Ratios, we recognize the advantageous value of conversion rights attached to convertible debt.  Such rights give the debt holder the ability to convert his debt into common stock at a price per share that is less than the trading price to the public on the day the loan is made to us. The beneficial value is calculated as the intrinsic value (the market price of the stock at the commitment date in excess of the conversion rate) of the beneficial conversion feature of the debentures and related accruing interest, and is recorded as a discount to the related debt and an addition to additional paid in capital.  The discount is amortized over the remaining outstanding period of related debt using the straight-line method.
Recent Accounting Pronouncements	'
	No accounting pronouncements were issued during the second quarter of 2014 that would have a material effect on the accounting policies of the Company when adopted.
Oil and Gas Interests	'
	The Company utilizes the full cost method of accounting for oil and gas activities. Under this method, subject to a limitation based on estimated value, all costs associated with property acquisition, exploration and development, including costs of unsuccessful exploration; are capitalized within a cost center. No gain or loss is recognized upon the sale or abandonment of undeveloped or producing oil and gas interests unless the sale represents a significant portion of oil and gas interests and the gain significantly alters the relationship between capitalized costs and proved oil and gas reserves of the cost center. Depreciation, depletion and amortization of oil and gas interests is computed on the units of production method based on proved reserves. Amortizable costs include estimates of future development costs of proved undeveloped reserves.
	Capitalized costs of oil and gas interests may not exceed an amount equal to the present value, discounted at 10%, of the estimated future net cash flows from proved oil and gas reserves plus the cost, or estimated fair market value, if lower, of unproved interests. Should capitalized costs exceed this ceiling, an impairment is recognized. The present value of estimated future net cash flows is computed by applying average prices, in the preceding twelve months, of oil and gas to estimated future production of proved oil and gas reserves as of year-end, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions.
	The oil and gas interests were purchased with the issuance of 466,853 shares and were valued at market value at the grant date as $513,538. However at December 31, 2012, due to a mechanics lien and impairment of title to the assets, the Company impaired the recorded cost, leaving no value associated with the acquisition. The Company recorded an impairment on long lived assets in the amount of $513,538.
Asset Retirement Obligation	'
	The Company follows FASB ASC 410-20 "Accounting for Asset Retirement Obligations," which addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.
	FASB ASC 410-20 requires recognition of the present value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The liability is capitalized as part of the related long-lived asset's carrying amount.
	Over time, accretion of the liability is recognized as an operating expense and the capitalized cost is depreciated over the expected useful life of the related asset. The Company's asset retirement obligations are related to the plugging, dismantlement, removal, site reclamation and similar activities of its oil and gas exploration activities.
	The asset retirement obligation is as follows:
			6/30/2014			12/31/2013
	Previous Balance	$	101,250		$	-
	Increases/(decreases) current period		-			101,250
	Ending Balance	$	101,250		$	101,250
Investments at Cost	'
	The Company accounts for its investment in private entities using the equity method for investments where the Company’s shares held are in excess of 20% of the outstanding shares of the investee.  The Company acquired a 25% equity investment in three entities from Brazil as part of the assets of the ARUR acquisition in December 2012. Due to the inactivity of the entities, the Company did not allocate any purchase price to these investments. The Company evaluates its cost in investments for impairment of value annually.  If cost investments become marketable they are reclassified to Marketable Securities-Available for Sale.
	Investments are as follows:
	Balance, December 31, 2013		$	0
	Realized gains and losses			0
	Unrealized gains and losses			0
	Balance, June 30, 2014		$	0
Marketable Securities-Available for Sale	'
	The Company purchased marketable securities during 2012. The Company's marketable securities are classified as "available for sale". Accordingly, the Company originally recognizes the shares at the market value purchased. The shares are evaluated quarterly using the specific identification method. Any unrealized holding gains or losses are reported as Other Comprehensive Income and as a separate component of stockholder's equity. Realized gains and losses are included in earnings. Also other than temporary impairments are recorded as a loss on marketable securities in the statements of operations.
	Marketable securities are as follows at June 30, 2014:
	Balance at December 31, 2013:		$	54,649
	Change in market value for the period			12,641
	Balance at June 30, 2014:		$	67,290
Fair Value of Financial Instruments	'
	On January 1, 2008, the Company adopted ASC 820, “Fair Value Measurements” ASC 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:
		o	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
		ο	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
		ο	Level 3 inputs to the valuation methodology are unobservable and significant to the fair measurement.
	The carrying amounts reported in the balance sheets for cash and cash equivalents, and current liabilities each qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The carrying value of notes payable approximates fair value because negotiated terms and conditions are consistent with current market rates as of June 30, 2014 and December 31, 2013.
	Marketable securities are reported at the quoted and listed market rates of the securities held at the period end.
	The following table presents the Company’s Marketable securities and Notes Payable within the fair value hierarchy utilized to measure fair value on a recurring basis as of June 30, 2014 and December 31, 2013:
		Level 1	Level 2	Level 3
	Marketable Securities – 2014	67,290	-0-			-0-
	Marketable Securities – 2013	54,649	-0-			-0-
	Notes payable - 2014	-0-	-0-			1,747,608
	Notes payable - 2013	-0-	-0-			1,654,236
	The following table presents a Level 3 reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs as of June 30, 2014 and December 31, 2013:
			Notes payable
	Balance, December 31, 2013		$	1,654,236
	Note issuances			134,631
	Note payments			-41,259
	Balance, June 30, 2014		$	1,747,608
Principles of Consolidation	'
	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, NetThruster, Inc., BioEnergy Applied Technologies Inc., GoHealthMD, Inc., MLN, Inc., Eye Care Centers International, Inc., GoHealthMD Nano Pharmaceuticals, Inc., TTI Strategic Acquisitions and  Equity Group, Inc. and TTII Oil & Gas, Inc. All subsidiaries of the Company except TTII Oil & Gas, Inc., currently have no financial activity. All significant inter-company balances and transactions have been eliminated.
Cash and Cash Equivalents	'
	The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained with major financial institutions in the U S. Deposits held with these banks at times exceed $250,000 of insurance provided on such deposits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash and cash equivalents. There were no cash equivalents at June 30, 2014 and December 31, 2013.
Accounts Receivable/Allowances for Doubtful Accounts	'
	The Company regularly assesses the collectability of its accounts receivable, and considers receivables with aging exceeding 120 days to be potentially uncollectible.  Management will analyze the need for an allowance for doubtful accounts at that time. As of June 30, 2014 and December 31, 2013, there are no allowances recorded.
Stock Based Compensation	'
	The Company accounts for stock-based compensation in accordance with the provisions of ASC 718.  ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant-date fair value of the award. That cost will be recognized over the period during which an employee is required to provide service in exchange for the reward- known as the requisite service period. No compensation cost is recognized for equity instruments for which employees do not render the requisite service. The grant-date fair value of employee share options and similar instruments are estimated using the Black Scholes option-pricing model adjusted for the unique characteristics of those instruments.
	Equity instruments issued to non-employees are recorded at their fair values as determined in accordance with ASC 718 and ASC 595, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods and Services”, and are periodically revalued as the stock options vest and are recognized as expense over the related service period.
Basic and Diluted Loss per Share	'
	The Company calculates earnings per share in accordance with ASC 260, “Computation of Earnings Per Share.” Basic loss per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share gives effect to dilutive convertible securities, options, warrants and other potential common stock outstanding during the period; only in periods in which such effect is dilutive. For 2014 and 2013, no common equivalent shares were excluded from the calculation and as of June 30, 2014, there are not stock equivalents existing. The ESOP shares issued during 2012 and 2011 have also been excluded from the calculation as they were issued but not outstanding.
			For the Six Months				For the Six Months
			Ended June 30,				Ended June 30,
			2014				2013
	Income (Loss) (numerator)		$	(169,710	)		$	(67,904	)
	Shares (denominator)			8,175,090				5,932,650
	Basic and diluted income (loss) per share		$	(0.02	)		$	(0.01	)
Revenue Recognition	'
	Oil and Gas Revenues and Deferred Revenue
	Revenue from sales of crude oil are recorded when deliveries have occurred and legal ownership of the commodity transfers to the customer. Title transfers for crude oil generally occur when a tanker lifting has occurred. Oil inventory in holding tanks at the period end are recorded as deferred revenue prior to tanker lifting.
Intangible Assets and Business Combinations	'
	The Company adopted ASC 805, “Business Combinations”, and ASC 350, “Goodwill and Other Intangible Assets”, effective June 2001 and revised in December 2007. ASC 805 requires the use of the purchase method of accounting for any business combinations initiated after June 30, 2002, and further clarifies the criteria to recognize intangible assets separately from goodwill. Under ASC 350, goodwill and indefinite−life intangible assets are no longer amortized, but are reviewed for impairment annually.
Oil & Gas Inventory	'
	The Company accounts for the oil & gas extracted from the ground and held in holding tanks prior to pickup and sale as oil & gas inventory. It is computed using the measurement of barrels and is multiplied with the published oil purchase price from the customer that picks up and purchases our oil.
Concentrations of Credit Risk	'
	During the quarter ended June 30, 2014, the Company had one major customer, through which the Company sold 100% of its oil production. Although the Company believes comparable refineries could be contracted to pickup and purchase our oil the loss of this customer could have a temporary negative impact on the Company’s operations.
Income Taxes	'
	The Company applies ASC 740 which requires the asset and liability method of accounting for income taxes. The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.
	The Company adopted ASC 740 at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a “more-likely-than-not” approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company’s financial statements. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will to be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment

3_SIGNIFICANT_ACCOUNTING_POLIC2

3. SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Asset retirement obligation	'
			6/30/2014			12/31/2013
	Previous Balance	$	101,250		$	-
	Increases/(decreases) current period		-			101,250
	Ending Balance	$	101,250		$	101,250
Investments at Cost	'
	Investments are as follows:
	Balance, December 31, 2013		$	0
	Realized gains and losses			0
	Unrealized gains and losses			0
	Balance, June 30, 2014		$	0
Marketable securities	'
	Balance at December 31, 2013:		$	54,649
	Change in market value for the period			12,641
	Balance at June 30, 2014:		$	67,290
Marketable Securities and Notes Payable within the fair value hierarchy	'
		Level 1	Level 2	Level 3
	Marketable Securities – 2014	67,290	-0-			-0-
	Marketable Securities – 2013	54,649	-0-			-0-
	Notes payable - 2014	-0-	-0-			1,747,608
	Notes payable - 2013	-0-	-0-			1,654,236
Level 3 reconciliation of the beginning and ending balances	'
			Notes payable
	Balance, December 31, 2013		$	1,654,236
	Note issuances			134,631
	Note payments			-41,259
	Balance, June 30, 2014		$	1,747,608
Earnings per share	'
			For the Six Months				For the Six Months
			Ended June 30,				Ended June 30,
			2014				2013
	Income (Loss) (numerator)		$	(169,710	)		$	(67,904	)
	Shares (denominator)			8,175,090				5,932,650
	Basic and diluted income (loss) per share		$	(0.02	)		$	(0.01	)

5_NOTES_PAYABLE_Tables

5. NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Note outstanding	'
	Balance at		Balance at		Interest
	6/30/14		12/31/13		Rate			Maturity
	$	18,000	$	18,000		6	%	9/1/02
		30,000		30,000		6	%	9/12/02
		25,000		25,000		5	%	8/31/00
		40,000		40,000		7	%	7/10/02
		192,000		192,000		0	%	On demand(1)
		0		19,000		8	%	8/13/13
		5,000		5,000		6	%	10/28/13
		438,792		409,920		5	%	1/15/16
		11,125		11,125		5	%	1/15/16
		200,000		200,000		5	%	1/15/16
		6,670		6,670		5	%	1/15/16
		10,000		10,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		19,000		0		8	%	1/31/16
		5,000		5,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		2,000		2,000		6	%	1/31/16
		1,000		1,000		6	%	1/31/16
		5,000		5,000		6	%	1/31/16
		2,000		0		6	%	1/31/16
		5,000		0		6	%	1/31/16
		5,000		0		6	%	1/31/16
		10,000		0		6	%	1/31/16
		388,376		388,376		5	%	1/31/16
		100,000		100,000		5	%	1/31/16
		32,960		32,960		5	%	1/31/16
		32,746		32,746		5	%	1/31/16
		5,099		5,099		5	%	1/31/16
		7,000		0		6	%	1/31/16
		5,000		0		6	%	11/11/14
		50,000		50,000		6	%	3/23/14
		12,000		12,000		6	%	3/24/14
		5,000		5,000		6	%	4/5/14
		3,000		3,000		6	%	4/26/14
		10,000		10,000		6	%	5/13/14
		2,500		2,500		6	%	7/22/14
		14,000		0		6	%	9/22/14
		16,640		16,640		6	%	1/10/14
		3,200		3,200		6	%	3/12/14
		5,000		5,000		6	%	3/17/14
		5,000		0		6	%	1/7/15
		7,500		0		6	%	1/17/15
		4,000		0		6	%	3/6/15
		1,747,608		1,654,236	Total balance
		452,840		581,074	Less: Current portion
	$	1,294,768	$	1,073,162	Long Term Debt
	$	182,666	$	142,925	Accrued Interest

3_SIGNIFICANT_ACCOUNTING_POLIC3

3. SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Significant Accounting Policies Details	'	'
Previous Balance	'	$101,250
Increases/(decreases) current quarter	101,250	'
Ending Balance	$101,250	$101,250

3_SIGNIFICANT_ACCOUNTING_POLIC4

3. SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Cost investment beginning balance	$0
Realized gains and losses	0
Unrealized gains and losses	0
Cost investment ending balance	$0

3_SIGNIFICANT_ACCOUNTING_POLIC5

3. SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Marketable securities beginning balance	$54,649
Change in market value at June 30, 2014	12,641
Balance at June 30, 2014	$67,290

3_SIGNIFICANT_ACCOUNTING_POLIC6

3. SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
			Level 1	Level 1	Level 2	Level 2	Level 3	Level 3
Marketable Securities	'	'	$67,290	$54,649	$0	$0	$0	$0
Notes payable	$1,747,608	$1,654,236	$0	$0	$0	$0	$1,654,236	$1,747,608

3_SIGNIFICANT_ACCOUNTING_POLIC7

3. SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Notes payable beginning balance	$1,654,236
Note issuances	134,631
Note payments	-41,259
Balance, June 30, 2014	$1,747,608

3_SIGNIFICANT_ACCOUNTING_POLIC8

3. SIGNIFICANT ACCOUNTING POLICIES (Details 5) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Significant Accounting Policies Details 5	'	'	'	'
Income (Loss) (numerator)	($74,128)	$62,705	($169,710)	($67,904)
Shares (denominator)	8,175,090	5,954,018	8,175,090	5,932,650
Basic and diluted income (loss) per share	($0.01)	$0.01	($0.02)	($0.01)

4_RELATED_PARTY_TRANSACTIONS_D

4. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Jun. 30, 2014
Related Party Transactions Details Narrative	'
Balance due to related parties	$661,334