Daleco Resources (DLOV) 10-Q 14 Apr 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
		Common Stock	Series B 8% Cumulative Convertible Preferred Stock
Document Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Trading Symbol	'DLOV	'	'
Entity Registrant Name	'DALECO RESOURCES CORP	'	'
Entity Central Index Key	'0000746967	'	'
Current Fiscal Year End Date	'--09-30	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	72,468,458	135,000

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Sep. 30, 2013
Current Assets:	'	'
Cash	$170,754	$140,607
Accounts receivable, net of allowance for doubtful accounts of $25,000 at December 31, 2013, and September 30, 2013	412,075	257,761
Other receivables	100,000	0
Inventory	37,646	40,500
Prepaid consulting fees	13,923	30,559
Other current assets	19,111	26,461
Total Current Assets	753,509	495,888
Other Assets:	'	'
Restricted cash deposits - operations	109,702	109,681
Restricted cash deposits - equity issuances	414,872	693,808
Total Other Assets	529,544	810,109
Property, Plant and Equipment:	'	'
Mineral properties, at cost	9,877,128	9,877,128
Accumulated depreciation, depletion and amortization	-95,000	-95,000
Net mineral properties	9,782,128	9,782,128
Oil and gas properties, at cost	4,502,104	4,471,590
Accumulated depreciation, depletion and amortization	-4,156,939	-4,144,939
Net oil and gas properties	345,165	326,651
Office equipment, furniture and fixtures, at cost	61,502	61,502
Accumulated depreciation	-61,502	-61,502
Net office equipment, furniture and fixtures	0	0
Total Net Property, Plant and Equipment	10,127,293	10,108,779
TOTAL ASSETS	11,410,346	11,414,776
Current Liabilities:	'	'
Accounts payable	1,366,462	1,317,771
Revenue payable to oil and gas royalty and other working interest owners	922,563	969,649
Federal and state income taxes payable	192,427	192,427
Accrued interest expense	1,194,895	1,151,911
Accrued compensation expense	689,330	691,800
7.25% convertible debentures due a related party, net of unamortized discount of $1,429 and $2,044, respectively	43,571	42,956
Total Current Liabilities	5,510,618	5,459,700
Long-term Liabilities:	'	'
Accrued bonus expense	457,944	457,944
Series B 8% cumulative convertible preferred stock dividends accrued	1,826,239	1,826,239
Future abandonment costs	10,000	10,000
TOTAL LIABILITIES	7,804,801	7,753,883
Commitments and Contingencies (see Note 8)	'	'
SHAREHOLDERS' EQUITY:	'	'
Common Stock - 150,000,000 shares authorized - par value of $0.01 per share (issued and outstanding: 72,468,458 shares) (see Note 9)	724,685	724,685
Additional paid-in capital	48,013,729	47,980,786
Warrants (issued and outstanding) to purchase 22,744,000 shares of Common Stock	1,357,002	1,357,002
Accumulated deficit	-46,491,221	-46,402,930
TOTAL SHAREHOLDERS' EQUITY	3,605,545	3,660,893
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	11,410,346	11,414,776
Patent Rights	'	'
Other Assets:	'	'
Intangible Assets	6,620	6,620
Accumulated Amortization	-1,650	0
Net Intangible Assets	4,970	6,620
Patents license rights	'	'
Other Assets:	'	'
Intangible Assets	40,907	40,907
Accumulated Amortization	-40,907	-40,907
Net Intangible Assets	0	0
EV and T	'	'
Current Liabilities:	'	'
Convertible notes payable, current	567,213	567,213
CAMI	'	'
Current Liabilities:	'	'
Convertible notes payable, current	435,943	435,943
Related Parties	'	'
Current Liabilities:	'	'
Convertible notes payable, current	60,000	60,000
Premium Finance	'	'
Current Liabilities:	'	'
Convertible notes payable, current	19,703	11,519
Other Notes Payable	'	'
Current Liabilities:	'	'
Convertible notes payable, current	18,511	18,511
Series A Preferred Stock	'	'
SHAREHOLDERS' EQUITY:	'	'
Preferred stock value	0	0
Series B 8% Cumulative Convertible Preferred Stock	'	'
SHAREHOLDERS' EQUITY:	'	'
Preferred stock value	$1,350	$1,350

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Allowance for doubtful accounts	$25,000	$25,000
7.25% Convertible debentures, unamortized discount	1,429	2,044
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, shares authorized	150,000,000	150,000,000
Common stock, par value	$0.01	$0.01
Common stock, Shares, Issued	72,468,458	72,468,458
Common stock, outstanding	72,468,458	72,468,458
Warrants issued to purchase common stock shares	22,744,000	22,744,000
Warrants outstanding to purchase common stock shares	22,744,000	22,744,000
Series A Preferred Stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock issued	0	0
Preferred stock outstanding	0	0
Series B 8% Cumulative Convertible Preferred Stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock issued	135,000	135,000
Preferred stock outstanding	135,000	135,000
Preferred stock, liquidation preference	1,350,000	1,350,000
Preferred stock, arrearages in cumulative dividends	$2,069,275	$2,042,239

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Revenues:	'		'
Oil and gas sales	$42,927		$105,185
Well management revenue	64,354		68,909
Royalty receipts	1,118		920
Mineral sales	4,157		1,868
Total Operating Revenues	112,556		176,882
Expenses:	'		'
Lease operating expenses - oil and gas	42,674		40,782
Operating expenses and other costs - minerals	65,396		13,173
Production and severance taxes - oil and gas	2,646		5,727
Depreciation, depletion and amortization	13,650		15,408
General and administrative expenses	463,306		337,486
Total Expenses	587,672		412,576
Loss From Operations	-475,116		-235,694
Other Income (Expense):	'		'
Gain on sale of oil and gas properties	448,037		0
Interest and dividend income	22		57
Interest expense	-61,234		-71,024
Total Other Income (Expense), Net	386,825		-70,967
Loss before income taxes	-88,291		-306,661
Taxes based on income	0	[1]	0	[1]
Net Loss	-88,291		-306,661
Preferred stock dividends, arrearage accumulated (see Note 9)	-27,036		-27,036
Net loss applicable to common shareholders	($115,327)		($333,697)
Basic and fully diluted net loss per share	$0		($0.01)
Weighted-average number of shares of common stock outstanding	72,468,458		49,441,058
[1]	The Company presently had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax benefits are recognized for this segment.

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (USD $)	Total	Series A Preferred Stock	Series B Cumulative Convertible Preferred Stock	Common Stock	Additional Paid-In Capital	Warrants to Purchase Common Stock	Accumulated Deficit
	USD ($)		USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Sep. 30, 2013	$3,660,893	'	$1,350	$724,685	$47,980,786	$1,357,002	($46,402,930)
Balance (in shares) at Sep. 30, 2013	'	0	135,000	72,468,458	'	'	'
Stock-based compensation expense relating to stock options granted to insiders	32,943	'	'	'	32,943	'	'
Net loss	-88,291	'	'	'	'	'	-88,291
Balance at Dec. 31, 2013	$3,605,545	'	$1,350	$724,685	$48,013,729	$1,357,002	($46,491,221)
Balance (in shares) at Dec. 31, 2013	'	0	135,000	72,468,458	'	'	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash Flows From Operating Activities:	'	'
Net loss	($88,291)	($306,661)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation, depletion and amortization	13,650	15,408
Amortization of prepaid consulting fees	16,636	92,145
Stock-based compensation expense	32,943	16,466
Gain on sale of oil and gas properties	-448,037	0
Changes in operating assets and liabilities:	'	'
Receivables	-154,314	-59,229
Inventory	2,854	0
Prepaid mineral royalties	0	-29,995
Other current assets	7,350	-2,158
Restricted cash deposits	-21	-35
Accounts payable	48,691	97,538
Revenue payable	-47,086	9,651
Accrued interest expense	42,984	39,102
Other accrued expenses	-2,470	3,785
Net cash used in operating activities	-574,496	-121,589
Cash Flows From Investing Activities:	'	'
Additions - oil and gas properties	-30,514	0
Cash restricted pursuant to equity issuance agreement	278,936	0
Proceeds from sale of oil and gas properties	348,037	0
Net cash provided by investing activities	596,459	0
Cash Flows From Financing Activities:	'	'
Payments on notes and debt	-13,637	-3,308
Proceeds from borrowings	21,821	17,808
Net cash provided by financing activities	8,184	14,500
Net change in cash	30,147	-107,089
Cash at beginning of period	140,607	190,738
Cash at end of period	170,754	83,649
Supplemental Information:	'	'
Income taxes paid	0	0
Interest paid	10,419	13,150
Supplemental Disclosure of Non-cash Transactions:	'	'
Preferred dividends not paid, arrearage accumulated	27,036	27,036
Private placement funds held in escrow	0	50,000
Proceeds from sale of oil and gas properties held in escrow	100,000	0
7.25% Convertible Debentures	'	'
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Amortization of Discount	615	618
Convertible Notes Payable	'	'
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Amortization of Discount	$0	$1,776

CONTINUED_OPERATIONS_AND_GOING

CONTINUED OPERATIONS AND GOING CONCERN	3 Months Ended
	Dec. 31, 2013
Continued Operations [Abstract]	'
CONTINUED OPERATIONS AND GOING CONCERN	'
	1. CONTINUED OPERATIONS AND GOING CONCERN
	The unaudited condensed consolidated financial statements (hereinafter referred to as “Financial Statements”) have been prepared on the basis of a going concern, which contemplates that Daleco Resources Corporation and its subsidiaries (the “Company”) will be able to realize assets and discharge liabilities in the normal course of business. Accordingly, they do not give effect to adjustments that would be necessary should the Company be required to liquidate its assets. At December 31, 2013, the Company’s current assets total $753,509. For the three months ended December 31, 2013 and 2012, the Company incurred net losses applicable to common shareholders of $115,327 and $333,697, respectively. The ability of the Company to meet its current liabilities of $5,510,618 and its total liabilities of $7,804,801 and to continue as a going concern is dependent upon the availability of future funding, achieving profitability within its mineral segment and ongoing profitability within its oil and gas operations. If the Company is unable to continue as a going concern, there is uncertainty relative to full recoverability of its assets. These financial statements do not reflect any adjustments relating to these uncertainties.
	FEI/DTE Stock Purchase Agreement
	On March 25, 2013, the Company finalized a Stock Purchase Agreement (“SPA”) with Far East Investments, LLC, a California limited liability company (“FEI”) and DTE Investment Ltd., a British Virgin Island company (“DTE”) (hereinafter FEI and DTE are sometimes collectively referred to as the “Investors” and individually as an “Investor”).
	In connection with the SPA the Company entered into an Exclusive Sales Agency and Marketing Agreement with FEI (“FEI Marketing Agreement”). The FEI Marketing Agreement grants to FEI the right to act as the Company’s exclusive marketing and sales agent for natural resources products produced, mined and/or sold by the Company, excluding the Company’s ZeoSure products (see Note 4of Notes to Consolidated Financial Statements included in the 2013 Annual Report), in Asia excluding the nation of India. As of December 31, 2013, the Company and FEI are actively seeking to aggregate certain petroleum products and coal supplies owned by others for export to identified buyers in Asia.
	As a condition precedent to entering into the FEI/DTE Stock Purchase Agreement, the Company was required to enter into (i) forbearance agreements with certain of its major creditors and debtors (“Certain Creditors”) (“Forbearance Agreements”), (ii) the Second Amendment to Employment Agreement with Mr. Blackstone, Vice President and Chief Accounting Officer (“Blackstone Agreement”) and (iii) the First Amendment to Employment Agreement with Mr. Novinskie, President and Chief Financial Officer (“Novinskie Agreement”). The Forbearance Agreements provide for the Certain Creditors to agree to forbear from making a demand on the Company for payment of their debt for a period of two years from the date of the SPA. The Certain Creditors, Blackstone and/or Novinskie are entitled to receive accelerated payment of their debt should the Company, among other things, (i) have net income, (ii) sell equity securities, (iii) sell assets in excess of stated amounts and/or (iv) if the Company permits an Event of Default (as defined in the respective agreements) (“Accelerated Payments”). See notes 6, 7 and 11 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report for discussions regarding the Forbearance Agreements, the Blackstone Agreement and the Novinskie Agreements. At December 31, 2013, the Company is not required to make Accelerated Payments to the Certain Creditors, Blackstone or Novinskie.
	The SPA contains provisions that restrict the use of the $1.5 million received by the Company as follows:
		Initial		Restricted cash at
		Restriction		December 31,
		per the SPA		2013
	Forbearance Agreements, Novinskie Agreement and Blackstone Agreement	$	350,000	$	15,000
	Marketing Agreement payments to FEI		120,000		30,000
	Other marketing and sales activities		360,000		180,000
	Transaction closing costs and related expenses		80,000		3,383
	Oil and gas properties activities		75,000		-
	Mineral properties activities		50,000		35,000
	Future general and administrative expenses		345,000		150,000
	Other costs and expenses		120,000		1,489
	Total	$	1,500,000	$	414,872
	2013 Private Placement
	Commencing in January 2013, the Company offered a private placement under the provisions of Regulation D promulgated under the Securities Act of 1933, as amended (the “2013 Private Placement”). The 2013 Private Placement consists of up to five hundred thousand dollars ($500,000) for the issuance of up to 5 million shares of Common Stock at $0.10 per share and warrants to purchase up to 2 million shares of Common Stock at an exercise price of $0.50 per share. The warrants expire on January 16, 2018. The Company will utilize the proceeds of this private placement for general working capital purposes. As of December 31, 2013, the Company had received cash totaling $411,000 for the sale of 4,110,000 shares of Common Stock and warrants to purchase 1,644,000 shares of Common Stock. The Company closed the private placement offering as of December 31, 2013.
	Certain Debt and Other Obligations
	As of December 31, 2013, the Company and certain of its subsidiaries were in default of various obligations and certain debt obligations classified as current liabilities in the accompanying balance sheet as set forth in the following table:
	Such defaulted obligations at December 31, 2013 include the following:
	Amounts included in accounts payable:
	Consulting services and interest due a licensor	$	19,009
	EV&T – fees, expenses and accrued interest (subject to forbearance agreement)		245,729
	CAMI notes payable and accrued interest:
	Subject to forbearance agreements		839,373
	Not subject to forbearance agreements		32,486
	EV&T note and interest (subject to forbearance agreement)		1,238,749
	Note payable to related party and interest thereon (subject to forbearance agreement)		70,381
	7.25% Convertible Debentures and interest due a related party (subject to forbearance agreement)		47,512
	Note payable to former related party and interest thereon (subject to forbearance agreement)		20,649
	Amounts included in accrued compensation expense:
	Subject to forbearance agreements		597,009
	Not subject to forbearance agreements		92,321
	Total	$	3,204,218
	See Note 9 of the Notes to Condensed Consolidated Financial Statements regarding the cumulative dividends in arrears of $2,069,275 at December 31, 2013, applicable to the Series B 8% Cumulative Convertible Preferred Stock.
	Liquidity
	To obtain capital in the past, the Company’s capital obtainment methods have included selling its interest in certain oil and gas properties, and borrowing funds from and issuing Common Stock to related and unrelated parties, as well as utilizing joint venture structures. If the Company is not successful in increasing its operating cash flows and the preceding financing methods are not available, the Company may not be able to sustain its operations and may need to seek alternative actions to preserve shareholder value.
	Liquidity is a measure of a Company’s ability to access cash. The Company has historically addressed its long-term liquidity requirements through the issuance of equity securities and borrowings or debt financing for certain activities.
	At present, the Company does not have in place a credit facility or other line of credit upon which it may draw. As operating activities increase, the Company will evaluate the need for such a credit facility. For desired acquisitions or project enhancements, the Company must seek project specific financing. At December 31, 2013, none of the Company’s properties are encumbered.
	The prices the Company receives for its oil and gas and the level of production have a significant impact on the Company’s cash flows. The Company is unable to predict, with any degree of certainty the prices the Company will receive for its future oil and gas production and the success of the Company’s exploration, exploitation and production activities. Increases in the sales of the Company’s minerals, which to date have not been mined in substantial commercial quantities, will also affect cash flow.
	In an effort to address the liquidity shortfall, the Company sold certain of its oil and gas properties in 2012 and fiscal 2014 (see Note 3) and is evaluating the sale of certain additional oil and gas properties. It may take months and possibly longer to sell these properties at a suitable price. The market is affected by many factors, such as general economic conditions, availability of financing, interest rates and other factors, including supply and demand that are beyond our control. We cannot predict whether we will be able to sell a property for the price or on terms acceptable to us or whether any price or other terms offered by a prospective purchaser would be acceptable to us. We cannot predict the length of time needed to find a willing purchaser and to close the sale of any property.
	The Company has used and shall use the proceeds from the transaction with FEI and DTE in an effort to establish additional profitable revenue generating activities. The Company is implementing its plan and creating sales, marketing, and distribution programs. The Company has employed a Vice President of Sales and intends to use internal and external resources to focus on mineral sales. In anticipation of increased sales, the Company’s plans include handling, storage and transportation modifications for the mineral properties. Also, the Company plans to continue its workover operations and other activities in certain of its Texas and West Virginia oil and gas properties to enhance its existing revenue stream and profitability.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	2. BASIS OF PRESENTATION
	Description of Business
	Daleco Resources Corporation (“DRC”) is a Nevada corporation (organized in Nevada during 2002). DRC’s Articles provide for, among other things, authorized capital stock of 150 million shares of common stock and 20 million shares of preferred stock. DRC and its consolidated subsidiaries are referred to as the “Company”. The Company's segments consist of two separate categories: oil and natural gas and non-metallic minerals. DRC is a holding company whose subsidiaries are engaged in: (i) the exploration, development and production of oil and gas; (ii) the exploration for naturally occurring minerals; (iii) the marketing and sales of such minerals; and (iv) the marketing and sales of products utilizing such minerals. DRC’s wholly-owned subsidiaries include Westlands Resources Corporation (“WRC”), Deven Resources, Inc. (“DRI”), DRI Operating Company, Inc. (“DRIOP”), Tri-Coastal Energy, Inc. (“TCEI”), Clean Age Minerals, Inc. (“CAMI”), CA Properties, Inc. (“CAPI”), International Aggregation and Trading Company, LLC (IATC”), Sustainable Forest Industries, Inc. (“SFI”) and The Natural Resources Exchange, Inc. (“NREX”). IATC, TCEI, SFI and NREX are inactive.
	All of the Company’s oil and gas properties are located onshore within the continental United States of America. The Company, through its wholly-owned subsidiaries, WRC, DRIOP and DRI, owns and operates oil and gas properties located in Pennsylvania, Texas and West Virginia. The Company owns overriding royalty interests in (i) two wells in Pennsylvania and (ii) one well in Texas. The Company does not own working interests in the two wells located in Pennsylvania that it operates.
	The Company does not refine any crude oil or market, at retail, any oil or petroleum products. The Company does not own any drilling rigs. All of its drilling activities are performed by independent drilling contractors.
	DRI is the managing general partner of Deerlick Royalty Partners I, a Pennsylvania general partnership, which owns overriding royalty interests in seventy wells in the Deerlick Coalbed Methane Field located in Tuscaloosa County, Alabama. DRI is also the sole shareholder of DRIOP which operates wells and has oil and gas interests in West Virginia and Pennsylvania. As of December 31, 2013, the Company owned working interests in 28 wells in Texas and West Virginia.
	CAMI, through its wholly-owned subsidiary, CAPI (collectively “CAM”), owns a fee title interest, leasehold interest and Federal Placer and Lode mining claims containing non-metallic and other minerals in Texas, New Mexico and Utah. CAM is presently engaged in the exploration for such minerals. CAM intends to mine the minerals through the use of contract miners and arrangements with its joint venture partner.
	The Company is primarily engaged in oil and gas operations and non-metallic minerals activities.
	We follow accounting standards set by the Financial Accounting Standard Board, commonly referred to as “FASB”. The FASB sets generally accepted accounting principles (“GAAP”) that we follow to ensure we consistently report our consolidated financial position, results of operations, and cash flows. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification, sometimes referred to as the “Codification” or “ASC”. From time to time, the FASB may issue an Accounting Standards Update (“ASU”) which may impact the consolidated financial statements and disclosures therein (see “Recent Accounting Pronouncements”).
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
	Significant estimates made in preparing these Financial Statements include, among other things, estimates of the proved oil and natural gas reserve volumes used in calculating depletion, depreciation and amortization expense (“DD&A”); the estimated future cash flows and fair value of properties used in determining the need for any impairment write-down; volumes and prices for revenues accrued; estimates of the fair value of equity-based compensation awards; deferred tax valuation and the timing and amount of future abandonment costs used in calculating asset retirement obligations. Future changes in the assumptions used could have a significant impact on reported results in future periods. The significant estimates are based on current assumptions that may be materially affected by changes to future economic conditions such as the market prices received for sales of volumes of oil and natural gas, interest rates and our ability to generate future income.
	Basis of Presentation
	The (a) condensed consolidated balance sheet as of September 30, 2013, which has been derived from audited financial statements, and (b) the unaudited interim condensed financial statements included herein (the “Financial Statements”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the company believes that the disclosures made are adequate to make the information not misleading. The report of the independent registered public accounting firm on the consolidated financial statements contains an explanatory paragraph as follows – “The accompanying consolidated financial statements for the year ended September 30, 2013 have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company has suffered significant recurring net losses from operations and negative operating cash flow, which raise substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 1 to the consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.” Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2013 (“2013 Annual Report”). In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended December 31, 2013 are not necessarily indicative of the results that may be expected for any other interim period or the entire year. For further information, these Financial Statements and the related notes should be read in conjunction with the Company’s audited consolidated financial statements included in the 2013 Annual Report.
	Unless otherwise noted, references to “year” pertain to the Company’s fiscal year, which begins on October 1 and ends on September 30; for example, 2014 refers to fiscal 2014, which is the period from October 1, 2013 to September 30, 2014. Unless otherwise noted, references to "quarter" pertain to a quarter of our fiscal year; for example, the first quarter of 2014 refers to the three months in the period from October 1, 2013 to December 31, 2013 (the “current quarter”).
	Basis of Consolidation
	The Financial Statements have been prepared in accordance with generally accepted accounting principles and include the accounts of DRC and its wholly-owned subsidiaries. The Company’s investments in oil and gas leases are accounted for using proportionate consolidation whereby the Company’s pro rata share of each of the assets, liabilities, revenues and expenses of the investments are aggregated with those of the Company in these Financial Statements. The Company’s investments in minerals are accounted for using purchase accounting methods.
	Certain reclassifications have been made to the 2013 condensed consolidated financial statements to conform to the current quarter presentation.
	Fair Value Measurements
	The Company’s only financial instruments are cash, short-term trade receivables, restricted cash deposits, payables and debt. The carrying amounts reported in the accompanying Financial Statements for cash, short-term trade receivables, payables and debt approximate fair values because of the immediate nature of short-term maturities of these financial instruments. The Company has no long-term or short-term bank debt outstanding at December 31, 2013.
	Significant Accounting Policies
	There have been no changes in significant accounting policies from those disclosed in the 2013 Annual Report.
	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU’s main provision: An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, and early adoption is permitted. Entities are permitted to provide the new disclosures retrospectively for all comparative periods. The Company is currently assessing the impact that the adoption may have on its consolidated financial statements.
	In January 2013, the FASB issued ASU 2013-01, Balance Sheet (topic 210), Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities The ASU’s main provision: The amendments clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities are required to provide the new disclosures retrospectively for all comparative periods. The Company has assessed the impact that the adoption may have on its consolidated financial statements and has determined there was no impact.

OIL_AND_GAS_PROPERTIES

OIL AND GAS PROPERTIES	3 Months Ended
	Dec. 31, 2013
Oil and Gas Property [Abstract]	'
OIL AND GAS PROPERTIES	'
	3. OIL AND GAS PROPERTIES
	During the current quarter, there was no major discovery or other event that caused a significant change from the reserve quantity and related information presented in the 2013 Annual Report.
	In September 2013, WRC received an enforcement action from the Texas Railroad Commission (“RRC”). Due to the enforcement action, the renewal of WRC’s operator's permit was suspended until such action is resolved. Certain of WRC’s operated wells continue to pump and oil is stored oil in production tanks. Certain of WRC’s operated wells are not producing as the respective production tanks have reached their capacity limitations. WRC is not permitted to sell oil until its operator’s permit is renewed. As such, the Company's consolidated oil and gas revenues for the first quarter of 2014 are lower than the first quarter of 2013 by approximately $62,300, or 59%. The Company's consolidated revenues for the second quarter of 2014 will also be lower than the second quarter of 2013. Management of the company anticipates the renewal of the operator’s permit to be completed during the third quarter of 2014; however there can be no assurances as to when the renewal of WRC’s operator’s permit will be approved by the RRC and when the sales of oil from WRC’s operated properties will resume.
	During the current quarter, the price the Company received for its natural gas production decreased 5% to $4.44 per Mcf from $4.69 per Mcf for the comparable quarter of 2013, and the price the Company received for its oil production decreased 2% to $91.31 per barrel from $93.48 per barrel for the comparable quarter of 2013.
	Results of Operations for Oil and Gas Producing Activities:
			Three Months Ended
			December 31
			2013		2012
	Revenues:
	Oil and gas sales		$	42,927	$	105,185
	Well management revenue			64,354		68,909
	Royalty receipts			1,118		920
	Total revenues			108,399		175,014
	Expenses:
	Lease operating expenses			42,674		40,782
	Production and severance taxes			2,646		5,727
	Depreciation, depletion, amortization and valuation provisions			12,000		12,000
	Total expenses			57,320		58,509
	Revenues in excess of expenses			51,079		116,505
	Gain on sale of oil and gas properties			448,037		-
	Income tax expenses (1)			-		-
	Results of operations from oil and gas producing activities (excluding corporate overhead and interest costs)		$	499,116	$	116,505
		-1	As of September 30, 2013, the Company had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax expense is recognized for this segment.
	Asset Purchase and Sale Agreement – Certain Oil and Gas Assets
	On December 17, 2013, pursuant to an Asset Purchase and Sale Agreement (“APA”) with an effective date of September 30, 2013, the Company completed the sale of 280 net acres attributable to the Company’s interest in oil and natural gas leasehold deep rights for certain properties located in Burleson County, Texas (“Properties”). The Company received cash of $348,037 and $100,000 was placed in escrow, and the Company recognized a gain on the sale of these properties of $448,037. The oil and natural gas leasehold deep rights that were sold were undeveloped, and as such not income-producing to the Company. The APA has been subsequently amended on multiple occasions for the closing of certain of the Properties not sold on December 17, 2013 (the “Delayed Properties”). The Company anticipates that it will complete the sale of the Delayed Properties later in fiscal 2014.
	Provision for Doubtful Accounts - Proceeds Receivable from Prior Sale of Oil and Gas Properties
	As of December 31 and September 30, 2013, management of the Company believes that the collection of a portion of a $50,000 receivable relating to the sale of certain oil and gas properties during 2008 is in doubt. The Company recognized a provision for doubtful accounts of $25,000 during 2012.

MINERAL_PROPERTIES

MINERAL PROPERTIES	3 Months Ended
	Dec. 31, 2013
Mineral Industries Disclosures [Abstract]	'
MINERAL PROPERTIES	'
	4. MINERAL PROPERTIES
	Clean Age Minerals, Inc.
	DRC acquired CAMI in September 2000. CAMI, through its wholly-owned subsidiary, CA Properties, Inc., a Nevada corporation, owns or has under long-term lease: (a) approximately 5,200 acres in Marfa, Presidio County, Texas, containing high grade zeolite; (b) twenty-five mining claims located in Sierra County, New Mexico, covering approximately 2,720 acres of kaolin; and (c) eleven zeolite mining claims covering approximately 220 acres located in Beaver County, Utah. The Company has not produced large-scale quantities of any of its mineral deposits. During 2013 and 2012, the Company continued extraction of minor quantities of its zeolite for use in testing and field trial applications of ReNuGen™ and for testing in air purification and soil decontamination. During September 2013 and the current quarter, the company processed saleable minerals from its Texas Zeolite. The Company is in the production phase of its Texas Zeolite as saleable minerals have been extracted (produced) from such mineral deposit. By definition, the Company is in the Development Stage in respect to its Texas Zeolite and is in the Exploration Stage in respect to its Sierra Kaolin and Utah Zeolite. The Company’s ability to develop these mineral deposits is dependent on its success in bringing in strategic partners with experience or a demand for specific minerals and raising capital through third parties.
	At December 31 and September 30, 2013, we have $37,646, and $40,500, respectively, of inventory relating to our minerals activities. Such inventory is recorded at the lower of average cost or market. Sales of the processed and unprocessed product to identified customers continued during the current quarter.
	Results of Operations for Minerals Properties Activities:
			Three Months Ended
			December 31
			2013		2012
	Mineral Sales		$	4,157	$	1,868
	Operating and other expenses			-65,396		-13,173
	Depreciation, depletion, amortization and valuation provisions			-1,650		-3,408
				-62,889		-14,713
	Income tax expenses (benefits) (1)			-		-
	Results of operations from mineral properties activities (excluding corporate overhead and interest costs)		$	-62,889	$	-14,713
		-1	The Company presently had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax benefits are recognized for this segment.
	The Company sells one of its CA Series Products under a tradename, ReNuGen™, which is used in wastewater treatment facilities. Shipments totaled two tons for each of the current quarter and the comparable quarter of 2013, respectively.
	The Company sells another of its CA Series Products under a tradename, CiteClean™, which is used in remediation activities. The Company shipped five tons during the current quarter.
	The Company receives a credit in the nature of prepaid mineral royalties for advance royalties paid on the Texas zeolite lease located in Presidio County, Texas. As of December 31, 2012, the recoupable mineral royalties were approximately $539,000, including the annual minimum royalty fee of $30,000 paid in November 2012. At December 31, 2012, such amount of prepaid mineral royalties was classified as an Other Asset in the respective condensed consolidated balance sheet. As part of the Company’s annual impairment test as of September 30, 2013, and in connection with the Company entering the production phase of its Texas Zeolite minerals in the fourth quarter of fiscal 2013, the Company assessed the estimated future benefit of the royalty advances paid. This assessment was based on the expected production from the mineral properties. Although the Company is optimistic about the future cash flow of its mineral properties, the future results from its sales efforts and market growth cannot be assured. Based upon this information, the Company determined that it is uncertain when it will be able to realize the prepaid mineral royalties and therefore, recognized an impairment expense of $539,237 in the fourth quarter of 2013. Therefore, during the current quarter, the Company paid and expensed its $30,000 annual minimum royalty fee, to maintain its rights.
	Depreciation, depletion, amortization and valuation provisions include amortization of patent rights and patent license rights (see Note 5) of $1,650 and $3,408 for the current quarter and the comparable quarter of 2013, respectively.
	The Company previously amortized its mineral properties at a nominal amortization rate as the Company has not produced commercial quantities of any of its mineral deposits. Once the Company produces commercial quantities of any of its mineral deposits, the Company will use the unit-of-production method in calculating cost depletion.

PATENT_AND_TECHNOLOGY

PATENT AND TECHNOLOGY	3 Months Ended
	Dec. 31, 2013
Patent And Technology [Abstract]	'
PATENT AND TECHNOLOGY	'
	5. PATENT AND TECHNOLOGY
	Patent Rights
	As part of the acquisition of Clean Age Minerals, Inc., the Company also acquired U.S. Patent No. 5,387,738. This patent, owned by Clean Age Minerals, Inc. (previously owned by Matrix-Loc, Inc., which was acquired by Clean Age Minerals, Inc., as a result of Matrix-Loc’s merger with Clean Age Minerals, Inc., as of March 18, 2002), deals with a reagent and process for the remediation of water and contaminated soils. The patent protection expired February 7, 2012.
	During 2013, the Company filed several provisional patents relating to the use of their CA Series products in certain systems and processes. Specifically, the provisional patents relate to a system and method for applying a zeolitic material useful for converting a contaminated waste material that is environmentally unacceptable to a relatively harmless substance which is environmentally acceptable. Additional applications include utilizing similar zeolite-based products in acid mine drainage, animal feed, agriculture, aquaculture, and other industrial processes. The costs ($6,620) of filing the patents has been capitalized as of December 31 and September 30, 2013, and is being amortized commencing in fiscal 2014.
	Trademarks
	The Company has a trademark for the Company’s “ReNuGen™”, a product used to enhance the efficacy of conventional waste water treatment plants. During 2013, the Company applied for a trademark for its two additional engineered, zeolite-based products, Cite-CleanTM and ZoilTechTM, Cite-CleanTM is an all-natural mineral based non-hazardous absorbent. The Cite-CleanTM product has been tested and proven effective in various industrial, commercial and do-it-yourself residential settings for the absorption and retention of fluids. ZoilTechTM is a natural mineral based environmentally friendly soil treatment. The ZoilTechTM product has been tested and shown to be effective in enhancing moisture retention, balancing nutrient levels and controlling odors in commercial and residential applications.
	Patents License Rights – Wastewater Treatment Method Patents
	In February 2010, the Company entered into a License Agreement (initial term of three years) concerning two US method patents for the treatment of wastewaters. Such patents utilize the Company’s zeolite. The license applies to the US and covers the use of the technology in water, wastewater and waste treatment in animal feed operations, agriculture, and aquaculture. In addition, the license applies to the treatment of sanitary wastewater on Federal facilities, military bases and lands administered by the US Bureau of Indian Affairs. The Company issued 140,000 shares of its Common Stock in consideration for the License Agreement. The Company recorded $40,907 as Patents License Rights based on an average price of $0.29 per share. The License Agreement was renewed in 2013. During the current quarter and the comparable quarter of 2013, the Company paid the $3,000 quarterly payment and such is included in operating and other expenses in the accompanying unaudited condensed consolidated statements of operations. At December 31, 2013, the Company owes the licensor for consulting fees pursuant to the License Agreement and interest totaling $19,009. Such amount is included in accounts payable in the accompanying balance sheet.

NOTES_PAYABLE

NOTES PAYABLE	3 Months Ended
	Dec. 31, 2013
Notes Payable [Abstract]	'
NOTES PAYABLE	'
	6. NOTES PAYABLE
	Note Payable – Other: Real Asset Management, LLC
	At December 31, 2013, the Company continues to be in default in the payment of such obligation which is subject to a March 2013 forbearance agreement as discussed in Note 6 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report. During the first quarters of 2014 and 2013, the Company recognized interest expense of $700 and $955, respectively. At December 31 and September 30, 2013, WRC owes RAM $20,648 and $19,949, respectively, for principal and interest thereon. David A. Grady, a former Director, is affiliated with RAM.
	Premium Finance Agreements
	During November 2012, the Company entered into a premium finance note payable for $17,808 (interest rate of 8.75%) to finance a portion of certain insurance premiums. The Company was required to make monthly payments of principal and interest of $2,052. The note had a maturity date of August 1, 2013, and the note was fully paid prior to September 30, 2013.
	During April 2013, The Company entered into a premium finance note payable for $34,985 (interest rate of 7.4%) to finance a portion of certain Directors’ and Officers’ insurance premiums. The note had a maturity date of December 21, 2013, and required monthly payments of principal and interest of $3,887. The balance of the note at September 30, 2013 was $11,519. During December 2013, the note was fully paid.
	During November 2013, the Company entered into a Commercial Premium Finance Agreement for $21,821 to finance certain insurance premiums. The maturity date of the agreement is September 1, 2014, and the interest rate is 7.95%. Consistent with the provisions of the agreement, the Company is required to make monthly payments of principal and interest of $2,262. As of December 31, 2013 the balance on the note was $19,703.
	CAMI Notes
	Pursuant to Paragraph 5.1 of the Agreement and Plan of Merger between Clean Age Minerals, Inc. (“CAMI”) and Strategic Minerals, Inc. (“SMI”), and the Company dated September 19, 2000, obligations of CAMI to certain officers, directors and third parties were to have been satisfied by SMI or the Company within one (1) year of the merger. The indebtedness totaled $514,881 (including the Haessler Debt and the Martin/CAMI Debt as defined below) and was evidenced by notes dated September 19, 2000 (“CAMI Notes”). The CAMI Notes were due and payable on or before September 18, 2001, and provide for interest at the rate of 8% per annum. Repayment of such notes and interest thereon is guaranteed by DRC.
	At September 30, 2013, the outstanding balance of the CAMI Notes Payable aggregated $435,943 and accrued but unpaid interest and accrued late fees totaled $426,762. As of September 30, 2013, the Company was in default in the payment of principal and interest thereon of $830,534 in respect to certain of the CAMI notes payable which are subject to forbearance agreements between the respective holders and DRC. As of September 30, 2013, the Company was in default in the payment of principal and interest thereon of $32,171 in respect to the balance of the CAMI notes payable which are not subject to forbearance agreements.
	At December 31, 2013, the outstanding balance of the CAMI Notes Payable aggregated $435,943 and accrued but unpaid interest and accrued late fees totaled $435,917. As of December 31, 2013, the Company was in default in the payment of principal and interest thereon of $839,373 in respect to certain of the CAMI notes payable which are subject to forbearance agreements between the respective holders and DRC. As of December 31, 2013, the Company was in default in the payment of principal and interest thereon of $32,486 in respect to the balance of the CAMI notes payable which are not subject to forbearance agreements.
	A former Director (Haessler) and a current Director (Martin) are each holders of CAMI Notes which are subject to respective forbearance agreements between such holders and DRC as follows:
		⋅	As of September 30, 2013, the amounts owed to Mr. Haessler consisted of principal of $83,478 and accrued but unpaid interest of $87,037 for a total of $170,515 (“Haessler Debt”). At December 31, 2013, the Haessler Debt consisted of principal of $83,478 and accrued but unpaid interest of $88,790 for a total of $172,268. During each of the first quarters of 2014 and 2013, the Company recognized interest expense of $1,753.
		⋅	As of September 30, 2013, the amounts owed to Mr. Martin, a Director and President of CAMI, consisted of principal of $134,811 and accrued but unpaid interest of $106,109 for a total of $240,920 (“Martin/CAMI Debt”). At December 31, 2013, the Martin CAMI Debt consisted of principal of $134,811 and accrued but unpaid interest of $108,940 for a total of $243,751. During each of the first quarters of 2014 and 2013, the Company recognized interest expense of $2,831.
	EV&T Note and Fees and Expenses
	At December 31, 2013, and September 30, 2013, the outstanding balance of the EV&T Note and accrued but unpaid interest totaled $1,238,479 and $1,202,318, respectively. At December 31, 2013 and September 30, 2013, the Company owes EV&T $245,729 and $213,040, respectively, for services performed and interest thereon and such amounts are included in accounts payable in the Financial Statements. The Company continues to be in default in the payment of such obligations which are subject to a March 2013 forbearance agreement as discussed in Note 6 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report. Legal expenses incurred during the first quarter of fiscal 2014 and 2013 were $55,846 and $16,532 respectively. The increase was due to additional expenses related to the deep rights sale.
	7.25% CONVERTIBLE DEBENTURES
	During the current quarter, no Debentures were converted to Common Stock. Debentures held by a Director totaling $45,000 are outstanding at December 31 and September 30, 2013. During each of the current quarter and the comparable quarter of 2013, the Company recognized contractual coupon interest of $822 and amortization of the discount of $615 and $618, respectively. The effective interest rate approximates 13%. The if-converted value of the Debentures at December 31, 2013, approximates $42,000. Accrued and unpaid interest due on the Debentures totals $2,512 and $1,689 at December 31 and September 30, 2013, respectively. The Company continues to be in default in the payment of such obligations which are subject to a March 2013 forbearance agreement as discussed in Note 6 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report.
	Scheduled Maturities of Long-term Debt
	There is no debt outstanding which is classified as long-term debt at December 31 and September 30, 2013. See Note 11 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report regarding the accrued bonus expense of $457,944 which is payable in August 2015.

RELATED_PARTIES

RELATED PARTIES	3 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
RELATED PARTIES	'
	7. RELATED PARTIES
	Legal Services
	Special Securities and Corporate Governance Counsel
	On April 1, 2013 the Company entered into an agreement, as required by the SPA, with an outside lawyer to perform corporate governance and securities law services for and representation of the Company for a flat fee of $5,000 per month. Such attorney became the Secretary of the Company in August 2013.
	Other Counsel
	The principal of EV&T is a shareholder of the Company. See EV&T Note and Fees and Expenses as discussed in Note 6.
	7.25% Convertible Debentures
	See Note 6 in respect to the 7.25% Convertible Debentures owned by a Director (Maxwell).
	Notes Payable - Related Parties
	Maxwell - As a condition of the SPA, Mr. Maxwell entered into a forbearance agreement with DRC in respect to all principal and interest owed and owing to the Director by DRC in respect to the $60,000 note payable to such Director (“Maxwell Note”). At December 31 and September 30, 2013, DRC owes Mr. Maxwell $70,381and $69,587, respectively, for principal and interest thereon. Interest expenses accrued during the first quarter fiscal 2014 and 2013 were $1,616 and $1,616, respectively.
	CAMI Notes Payable
	See Note 6 in respect to Mr. Martin.
	Marketing Agreement
	In connection with the SPA, the Company entered into an Exclusive Sales Agency and Marketing Agreement with FEI (“Marketing Agreement”) with a term of 18 months. The Marketing Agreement grants to FEI the right to act as the Company’s exclusive marketing and sales agent for natural resources products produced, mined and/or sold by the Company, excluding the Company’s ZeoSure products (see Note 4), in Asia excluding the nation of India. During the current quarter, in connection with the Marketing Agreement, the Company paid $30,000 to Far East Investments (USA) LLC, an affiliate of FEI. Through December31, 2013, no sales transactions relating to the Marketing Agreement had occurred.
	Employment Agreements
	See Note 11 below and Note 11 of the Notes to Consolidated Financial Statements contained in the 2013 Annual Report concerning current and former employment agreements.
	Notes Receivable from Former Executive Officer
	In August 2005, the Company entered into an employment contract with Nathan Trynin as Executive Vice President. In August 2007, Mr. Trynin resigned from the Company. At December 31 and September 30, 2013, the note receivable from Mr. Trynin of $256,000 and accrued interest of $102,428 and $100,331, respectively, remain outstanding. Management of the Company believes that the collection of the principal balance of and interest due pursuant to such note receivable is in doubt and are fully impaired and not included in the accompanying consolidated balance sheets.
	At December 31 and September 30, 2013, the Company owes $457,944 to the estate of Mr. Trynin, a shareholder of the Company, for his respective portion of the bonuses granted in August 2007 which is payable in August 2015.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	8. COMMITMENTS AND CONTINGENCIES
	See Note 2 of the Notes to Consolidated Financial Statements contained in the 2013 Annual Report - Investor Relations Firm Consulting Agreement.
	See Note 7 – Marketing Agreement.
	See Note 12 – Litigation.
	On April 1, 2013 the Company entered into an agreement, as required by the SPA, with an outside lawyer to perform corporate governance and securities law services for and representation of the Company for a flat fee of $5,000 per month. Such attorney became the Secretary of the Company in August 2013.
	CAPI is the lessee under a 5,200 acre lease containing zeolite located in Texas. The lease terms call for royalty payments of $3.00 per ton of zeolite removed from the property with a minimum royalty of $30,000 per year which is due annually through November 2014. The Company can extend the lease for eight successive periods of ten years each. CAPI has the option to terminate the annual royalty payments by paying a lump sum of $400,000. During each of November 2013 and 2012, the Company paid the minimum annual royalty of $30,000. See Note 4.
	CAPI owns 17 placer mining claims on 2,720 acres and 8 Lode claims covering 160 acres, all located in New Mexico, encompassing its Sierra Kaolin deposit. The Federal mining claims are burdened by a royalty interest of 7% of net proceeds derived from mining operations. TPA is required to pay $20,160 in August 2014 to the Bureau of Land Management (“BLM”) to maintain CAPI’s Federal mineral claims. Such payment requirement of TPA is in accordance with the provisions of the Restated Development and Operating Agreement between TPA and the Company.
	CAPI owns 11 placer mining claims (Three Creek) covering approximately 220 acres of zeolite located in Utah. In August of each year, CAPI is required to pay $6,160 to the Bureau of Land Management to maintain its federal mining claims.
	In February 2010, the Company entered into a License Agreement concerning two US method patents for the treatment of wastewaters. The Company pays $3,000 per quarter in payment of the required minimum annual payment of $12,000.
	As discussed in Note 1, as of December 31 2013, the Company and certain of its subsidiaries were in default of various obligations and certain debt obligations classified as current liabilities in the accompanying balance sheets. The Company has not accrued a provision for any costs or expenses for which it might be liable pursuant any provision which might be included in the agreements underlying such defaulted obligations in the event a party to such agreement commences an action to collect amounts due such party. Certain of the obligations on which the Company has defaulted are addressed by forbearance agreements and amendments to employment contracts (see Notes 6 and 11).
	Lease Commitments
	At December 31, 2013, the Company leases one office location and certain office equipment. The terms of all of the leases are for less than one year. Rent expense has been recorded in general and administrative expenses as $17,225 and $18,025 for the first quarters of 2014 and 2013, respectively.
	The Company leases, on a monthly basis, a compressor used in oil and gas operations. Rent expense has been recorded in lease operating expenses as $1,986 and $2,472 for the first quarters of 2014 and 2013, respectively. Such rent expense represents the Company’s portion attributable to its working interest in the natural gas well serviced by the compressor.
	Future Abandonment Costs and Asset Retirement Obligations
	See Note 2 of the Notes to Consolidated Financial Statements contained in the 2013 Annual Report.
	Mineral Supply Requirements
	The Company sells one of its CA Series Products under the tradename ReNuGen™ which is used in wastewater treatment facilities pursuant to an oral agreement with the purchaser. Shipments totaled two tons for each of first quarters of 2014 and 2013.
	On July 3, 2012, CAMI entered into an operating agreement for ZLLC to develop products utilizing CAPI’S Clinoptilolite zeolite mineral. Other than seeking initial capital, ZLLC had no activity through December 31, 2013, and has no material supply commitments.
	At December 31, 2013, the Company has no agreements that contain minimum material supply requirements.
	Purchase Commitments
	At December 31, 2013, the Company had an equipment purchase commitment as discussed in Note 13.
	Potential Accelerated Payments of Debt and Other Obligations
	See Note 1.

CAPITAL_STOCK

CAPITAL STOCK

3 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

'

CAPITAL STOCK

'

9. CAPITAL STOCK

Common Stock

The Company issued no shares of Common Stock during the three months ended December 31, 2013.

Series A Preferred Stock

No shares of Series A Preferred Stock were issued during the three months ended December 31, 2013. No shares were outstanding at December 31, 2013 and September 30, 2013.

Series B 8% Cumulative Convertible Preferred Stock

No shares of Series B Preferred Stock, par value of $0.01 per share, stated value of $10 per share, were issued during the three months ended December 31, 2013.

Shares of Series B Preferred Stock outstanding at December 31, 2013, and September 30, 2013, totaled 135,000 shares. Such shares are convertible into shares of Common Stock on the basis of their $10.00 per share stated value, at the exchange rate per common share of 85% of the average of the closing price of the Common Stock for the five trading days immediately preceding the date when shares of Series B Preferred Stock are delivered to the Company for conversion, but in no event shall the conversion price be less than $1.25 per share. Thus, at December 31 and September 30, 2013, the 135,000 shares of Series B Preferred Stock were convertible into 1,080,000 shares of Common Stock.

Further, the shares of Series B Preferred Stock (i) earn dividends at the rate of 8% per annum computed on the basis of a 365 day year, and (ii) have priority in liquidation to the extent of the stated value of $10.00 per share plus any unpaid dividends over any other preferred stock, common stock or any other stock issued after September 19, 2000. At December 31, 2013, the liquidation preference totals $3,419,275 (stated value of $1,350,000 plus arrearages in cumulative dividends of $2,069,275).

Dividends

There were no cash dividend payments in respect to Common Stock or either series of Preferred Stock during the three months ended December 31, 2013.

At December 31, 2013 and September 30, 2013, the cumulative dividends in arrears applicable to the Series B Preferred Stock totaled $2,069,275 and $2,042,239 respectively, of which $1,826,239 was accrued at each respective date.

Options and Warrants to Purchase Common Stock

Number of

Weighted

Options and

Average Price

Warrants

per Share

Options and warrants outstanding at September 30, 2013

26,144,000

$

0.21

Options granted (1)

600,000

$

0.14

Options expired (1)

-200,000

$

0.21

Options and warrants outstanding at December 31, 2013 (2)

26,544,000

$

0.21

-1

On November 21, 2013, three Directors (Carter, Porfido and Sobieski) of the Company were each granted an option to purchase 200,000 shares of stock at an exercise price of $0.14 per share under the Company’s Non-qualified Independent Director Stock Option Plan. The options are exercisable through November 2018. The options vest 50% in November 2014 and 25% in each of November 2015 and 2016. The fair value of the options was determined to be $52,449 using the Black-Scholes valuation model. On February 10, 2014, Mr. Porfido resigned from the Board and, accordingly, the option granted to him expired effective with his resignation.

-2

An option the purchase of 200,000 shares of Common Stock, with an exercise price of $0.21 per share, was awarded to Lord Gilbert during fiscal 2010; such option remained unexercised as of September 30, 2013; and such option expired unexercised in December 2013.

Summarized information relating to the stock options to purchase Common Stock outstanding as of December 31, 2013, is as follows:

Options Outstanding

Options Exercisable

Exercise

Number of

Weighted

Weighted

Number of

Weighted

Price per

Shares

Average

Average

Shares

Average

Share

Underlying

Exercise

Remaining

Underlying

Exercise

Options

Price

Life

Options

Price Per

Unexercised

Per Share

(Years)

Exercisable

Share

$0.14-$0.22

3,800,000

$

0.18

2.1

2,312,500

$

0.19

Stock-based Compensation

During the three months ended December 31, 2013, the Company granted options for the purchase of 600,000 shares of Common Stock and an option for the purchase of 200,000 shares of Common Stock expired unexercised. There are options to purchase 3,300,000 shares of Common Stock outstanding as of December 31, 2013, which options are held by current officers, Directors and employees of the Company (“Insiders”). The exercise prices for the options held by Insiders range from $0.14 per share to $0.22 per share.

Stock-based compensation expense relating to stock options granted to Insiders is recorded in accordance with FASB ASC Topic 718, Compensation – Stock Compensation. The Company recorded stock-based compensation expense for first quarters of 2014 and 2013 of $32,943 and $16,466, respectively. Such expense is included in General and Administrative Expenses. No tax benefit has been recognized. Compensation costs are based on the fair value at the grant date. The fair value of the options has been estimated by using the Black-Scholes option-pricing model with the following assumptions: risk free interest rates between 0.24% and 2.43%; expected life of two to five years; and expected volatility between 37% and 236%.

Net Income (Loss) Per Share

Net loss per share is computed in accordance with FASB ASC Topic 260, Earnings per Share. Basic net loss per share is calculated by dividing the net income (loss) available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in earnings of an entity. In a loss year, dilutive common equivalent shares are excluded from the loss per share calculation as the effect would be anti-dilutive.

Options and warrants to purchase shares of Common Stock were outstanding during the periods but have not been included in the computation of diluted earnings per share because such shares would have an anti-dilutive effect on net loss per share. The shares of Common Stock issuable upon the conversion of the 7.25% Convertible Debentures (see Note 6) have not been included in the computation of diluted earnings per share because such shares would have an anti-dilutive effect on net loss per share. The shares of Common Stock issuable upon the conversion of the Convertible Note Payable (see Note 6) have not been included in the computation of diluted earnings per share for the first quarter of 2013 because such shares would have an anti-dilutive effect on net loss per share. The shares of Common Stock issuable upon the conversion of the Series B 8% Cumulative Convertible Preferred Stock have not been included in the computation of diluted earnings per share because the price ($1.25) at which such shares are convertible was in excess of the market price of the Common Stock at December 31, 2013. No other adjustments were made for purposes of per share calculations.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	10. INCOME TAXES
	At each of December 31 and September 30, 2013, the Company has current federal and state taxes payable of $192,427 and no deferred tax asset or liability. The income tax liabilities arose primarily from alternative minimum tax for fiscal 2004. At December 31 and September 30, 2013, accrued and unpaid interest related to the federal and state income taxes totaled $72,281 and $77,331. Interest expense related to tax liabilities of $3,360 and $3,900 for the first quarters of 2014 and 2013, respectively, is included in interest expense in the accompanying consolidated statements of operations.
	During February 2012, the Company entered into an installment agreement with the Department of Treasury – Internal Revenue Service (“IRS”) in respect to income taxes and interest thereon relating to alternative minimum tax for fiscal 2004. The agreement requires monthly payments of not less than $2,150 commencing in February 2012 and continuing for 72 months or until the balance ($153,514 as of February 1, 2012) has been paid in full. The IRS has filed a notice of Federal tax lien. The Company will request audit reconsideration and continue to submit information to the IRS which supports the Company’s position that it was not subject to alternative minimum tax related to fiscal 2004.
	The Company accounts for income taxes in accordance with FASB ASC Topic 740, “Income Taxes”. ASC 740 requires the Company to provide a net deferred tax asset/liability equal to the expected future tax benefit/expense of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carryforwards. The Company has available at September 30, 2013, operating loss carryforwards of approximately $24 million, which may be applied against future taxable income and will expire in various years through 2028. The amount of and ultimate realization of the benefits from the operating loss carryforwards for income tax purposes is dependent, in part, upon the tax laws in effect, the future earnings of the Company, and other future events, the effects of which cannot be determined at this time. Because of the uncertainty surrounding the realization of the loss carryforwards, the Company has established a valuation allowance equal to the tax effect of the loss carryforwards; therefore, no net deferred tax asset has been recognized. No potential benefit of these losses has been recognized in the financial statements. The company may be subject to IRC code section 382 which could limit the amount of the net operating loss and tax credit carryovers that can be used in future years.
	The Company files income tax returns in the U.S. federal jurisdiction and various states. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2010.
	Included in the table below are the components of income tax expense for the three months ended December 31, 2013 and 2012:
		Three Months Ended
		December 31
		2013			2012
	Current income tax expense (benefit)	$	-		$	-
	Deferred income tax expense (benefit)		-30,902			-107,331
	Valuation allowance		30,902			107,331
	Total income tax expense (benefit)	$	-		$	-
	Below is a reconciliation of the reported amount of income tax expense attributable to continuing operations for the period to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax loss for the three months ended December 31, 2013 and 2012:
		Three Months Ended
		December 31
		2013				2012
	Income tax expense (benefit) computed at the statutory Federal income tax rate		-35	%			-35	%
	Decrease (increase) due to permanent differences		-13	%			-1	%
	Use of net operating loss carryforward		-	%			-	%
	Change in valuation allowance		48	%			36	%
	Effective income tax rate		0	%			0	%

EMPLOYMENT_CONTRACTS_AND_COMMI

EMPLOYMENT CONTRACTS AND COMMITMENTS	3 Months Ended
	Dec. 31, 2013
Employment Contracts And Commitments [Abstract]	'
EMPLOYMENT CONTRACTS AND COMMITMENTS	'
	11. EMPLOYMENT CONTRACTS AND COMMITMENTS
	See Note 11 of the Notes to Consolidated Financial Statements included in the 2013 Annual Report.
	Trynin
	At December 31 and September 30, 2013, the note receivable from Mr. Trynin of $256,000 and accrued interest of $102,428 and $100,331, respectively, remain outstanding. Management of the Company believes that the collection of the principal balance of and interest due pursuant to such note receivable is in doubt and are fully impaired and not included in the accompanying condensed consolidated balance sheets.
	At December 31 and September 30, 2013, the Company owes $457,944 to the estate of Mr. Trynin for his respective portion of the bonuses granted in August 2007 which is payable in August 2015.
	Blackstone
	At December 31 and September 30, 2013, the Company owed Richard W. Blackstone, the Chief Accounting Officer of the Company, $99,603 and $133,453, respectively for services provided to the Company and such amounts are included in accounts payable in the accompanying condensed consolidated balance sheets. These amounts contain no accrued interest.
	Martin
	As of December 31 and September 30, 2013, the Company owed Mr. Martin, a Director and President of CAMI, $245,835 in salary related to a prior employment agreement. Such amount contains no accrued interest and is subject to a forbearance agreement between Mr. Martin and the Company.
	Novinskie
	As of December 31 and September 30, 2013, the Company owed Mr. Novinskie $319,792 in salary and $25,000 in bonuses. These amounts contain no accrued interest.
	Parrish
	As of December 31 and September 30, 2013, the 600,000 shares of Common Stock granted to Mr. Parrish in March 2013 have not been issued. Such shares are treated as issued and outstanding in the accompanying consolidated financial statements.
	Other
	In addition to the accrued salary expense discussed above, the Company is indebted to certain former officers of the Company for unpaid salaries totaling $45,321 and $47,791 at December 31 and September 30, 2013, respectively.
	During fiscal 2013, the Company instituted a 401(k) savings plan which did not provide, during the current quarter or 2013, for any contribution by the Company.

LITIGATION

LITIGATION	3 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
LITIGATION	'
	12. LITIGATION
	In July 2012, certain owners of royalty interests in certain oil and gas wells operated by WRC commenced an action against WRC in the District Court of Burleson County, Texas, for, among other things, an accounting of expense and revenues for certain wells. The plaintiff also alleged that WRC failed to fully develop the lease. The lease is held by production by inclusion in a production unit for certain wells and is fully developed. WRC, through its Texas counsel, has filed a general denial of the claim.
	In August 2012, a surface owner in certain property on which a natural gas gathering system right-of-way is owned by a subsidiary of the Company (“DRIOP”) commenced an action against DRIOP in the Circuit Court of Randolph County, West Virginia, alleging interference with access by such surface owner to and from certain property. DRIOP, through its West Virginia counsel, has filed a general denial of the claim. At the request of the plaintiffs, the parties have agreed to a continuance to June 2014.
	In October 2012, certain owners of royalty interests in certain oil and gas wells operated by WRC commenced an action against a subsidiary of the Company (“WRC”) in the District Court of Burleson County, Texas, for, among other things, an accounting of expense and revenues for certain wells. The plaintiff also alleged that WRC failed to fully develop the lease. The lease is held by production by inclusion in a production unit for certain wells and is fully developed. WRC, through its Texas counsel, has filed a general denial of the claim.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	13. SUBSEQUENT EVENTS
	Purchase of Mineral Extraction & Crushing Equipment
	On December 16, 2013, the Company entered into an agreement for the purchase of extraction and crushing equipment of its contract operator of the property for $300,000. On January 16, 2014, the Company borrowed $250,000 from Standard Energy Company (“SECO”), an unrelated party, to fund the major portion of the purchase price and closed on the purchase of such equipment. The promissory note (interest at 7%) requires monthly payments of principal and interest totaling $7,719 through December 15, 2016. The note matures on January 15, 2016 and the final payment of principal and interest totals $96,847. The purchased equipment is collateral for the loan. As additional consideration in connection with the borrowing, the Company (i) issued warrants, exercisable through January 15, 2017, for the purchase of 300,000 shares of Common Stock at an exercise price of $0.15 per share and (ii) extended the expiration date to December 31, 2016, of previously issued warrants for the purchase of 500,000 shares of Common Stock at an exercise price of $0.15 per share (see Note 6 - Jacobs Trust; the trustee of RTCIBJ is an affiliate of SECO). The fair values of the warrants and the extension of the previously issued warrants was determined to be $58,924 using the Black-Scholes valuation model. The effective interest rate of the loan is 24%.
	Parrish Agreement
	The employment agreement with Mr. Parrish was extended on March 14, 2014 but effective as of February 14, 2014 and included the following material amended terms:
		⋅	The expiration date has been extended until July 31, 2014 with automatic thirty day (30) extensions unless either party provides sixty (60) day notice of termination;
		⋅	A cash payment of $50,000 payable over four months beginning February 15:
		⋅	The reduction in annual salary from the rate of $200,000 to $150,000; and
		⋅	A cash bonus equal to 0.5% of all collected net revenue from “Asset Sales” of the Company’s “Key Assets”. The term “Key Assets” means the Company’s Kaolin and Zeolite deposits and Oil and Gas operations. The term “Asset Sales” means one or more sales to a third-party in bulk (e.g. larger than $1 million per transaction) that is not part of the Company’s routine sales activities.
	Management Evaluation
	Management performed an evaluation of Company activity through the date the unaudited condensed consolidated financial statements were prepared for issuance, and concluded that there are no other significant subsequent events requiring disclosure.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Description of Business	'
	Description of Business
	Daleco Resources Corporation (“DRC”) is a Nevada corporation (organized in Nevada during 2002). DRC’s Articles provide for, among other things, authorized capital stock of 150 million shares of common stock and 20 million shares of preferred stock. DRC and its consolidated subsidiaries are referred to as the “Company”. The Company's segments consist of two separate categories: oil and natural gas and non-metallic minerals. DRC is a holding company whose subsidiaries are engaged in: (i) the exploration, development and production of oil and gas; (ii) the exploration for naturally occurring minerals; (iii) the marketing and sales of such minerals; and (iv) the marketing and sales of products utilizing such minerals. DRC’s wholly-owned subsidiaries include Westlands Resources Corporation (“WRC”), Deven Resources, Inc. (“DRI”), DRI Operating Company, Inc. (“DRIOP”), Tri-Coastal Energy, Inc. (“TCEI”), Clean Age Minerals, Inc. (“CAMI”), CA Properties, Inc. (“CAPI”), International Aggregation and Trading Company, LLC (IATC”), Sustainable Forest Industries, Inc. (“SFI”) and The Natural Resources Exchange, Inc. (“NREX”). IATC, TCEI, SFI and NREX are inactive.
	All of the Company’s oil and gas properties are located onshore within the continental United States of America. The Company, through its wholly-owned subsidiaries, WRC, DRIOP and DRI, owns and operates oil and gas properties located in Pennsylvania, Texas and West Virginia. The Company owns overriding royalty interests in (i) two wells in Pennsylvania and (ii) one well in Texas. The Company does not own working interests in the two wells located in Pennsylvania that it operates.
	The Company does not refine any crude oil or market, at retail, any oil or petroleum products. The Company does not own any drilling rigs. All of its drilling activities are performed by independent drilling contractors.
	DRI is the managing general partner of Deerlick Royalty Partners I, a Pennsylvania general partnership, which owns overriding royalty interests in seventy wells in the Deerlick Coalbed Methane Field located in Tuscaloosa County, Alabama. DRI is also the sole shareholder of DRIOP which operates wells and has oil and gas interests in West Virginia and Pennsylvania. As of December 31, 2013, the Company owned working interests in 28 wells in Texas and West Virginia.
	CAMI, through its wholly-owned subsidiary, CAPI (collectively “CAM”), owns a fee title interest, leasehold interest and Federal Placer and Lode mining claims containing non-metallic and other minerals in Texas, New Mexico and Utah. CAM is presently engaged in the exploration for such minerals. CAM intends to mine the minerals through the use of contract miners and arrangements with its joint venture partner.
	The Company is primarily engaged in oil and gas operations and non-metallic minerals activities.
	We follow accounting standards set by the Financial Accounting Standard Board, commonly referred to as “FASB”. The FASB sets generally accepted accounting principles (“GAAP”) that we follow to ensure we consistently report our consolidated financial position, results of operations, and cash flows. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification, sometimes referred to as the “Codification” or “ASC”. From time to time, the FASB may issue an Accounting Standards Update (“ASU”) which may impact the consolidated financial statements and disclosures therein (see “Recent Accounting Pronouncements”).
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
	Significant estimates made in preparing these Financial Statements include, among other things, estimates of the proved oil and natural gas reserve volumes used in calculating depletion, depreciation and amortization expense (“DD&A”); the estimated future cash flows and fair value of properties used in determining the need for any impairment write-down; volumes and prices for revenues accrued; estimates of the fair value of equity-based compensation awards; deferred tax valuation and the timing and amount of future abandonment costs used in calculating asset retirement obligations. Future changes in the assumptions used could have a significant impact on reported results in future periods. The significant estimates are based on current assumptions that may be materially affected by changes to future economic conditions such as the market prices received for sales of volumes of oil and natural gas, interest rates and our ability to generate future income.
Basis of Presentation	'
	Basis of Presentation
	The (a) condensed consolidated balance sheet as of September 30, 2013, which has been derived from audited financial statements, and (b) the unaudited interim condensed financial statements included herein (the “Financial Statements”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the company believes that the disclosures made are adequate to make the information not misleading. The report of the independent registered public accounting firm on the consolidated financial statements contains an explanatory paragraph as follows – “The accompanying consolidated financial statements for the year ended September 30, 2013 have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company has suffered significant recurring net losses from operations and negative operating cash flow, which raise substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 1 to the consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.” Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2013 (“2013 Annual Report”). In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the period ended December 31, 2013 are not necessarily indicative of the results that may be expected for any other interim period or the entire year. For further information, these Financial Statements and the related notes should be read in conjunction with the Company’s audited consolidated financial statements included in the 2013 Annual Report.
	Unless otherwise noted, references to “year” pertain to the Company’s fiscal year, which begins on October 1 and ends on September 30; for example, 2014 refers to fiscal 2014, which is the period from October 1, 2013 to September 30, 2014. Unless otherwise noted, references to "quarter" pertain to a quarter of our fiscal year; for example, the first quarter of 2014 refers to the three months in the period from October 1, 2013 to December 31, 2013 (the “current quarter”).
Basis of Consolidation	'
	Basis of Consolidation
	The Financial Statements have been prepared in accordance with generally accepted accounting principles and include the accounts of DRC and its wholly-owned subsidiaries. The Company’s investments in oil and gas leases are accounted for using proportionate consolidation whereby the Company’s pro rata share of each of the assets, liabilities, revenues and expenses of the investments are aggregated with those of the Company in these Financial Statements. The Company’s investments in minerals are accounted for using purchase accounting methods.
	Certain reclassifications have been made to the 2013 condensed consolidated financial statements to conform to the current quarter presentation.
Fair Value Measurements	'
	Fair Value Measurements
	The Company’s only financial instruments are cash, short-term trade receivables, restricted cash deposits, payables and debt. The carrying amounts reported in the accompanying Financial Statements for cash, short-term trade receivables, payables and debt approximate fair values because of the immediate nature of short-term maturities of these financial instruments. The Company has no long-term or short-term bank debt outstanding at December 31, 2013.
Significant Accounting Policies	'
	Significant Accounting Policies
	There have been no changes in significant accounting policies from those disclosed in the 2013 Annual Report.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU’s main provision: An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, and early adoption is permitted. Entities are permitted to provide the new disclosures retrospectively for all comparative periods. The Company is currently assessing the impact that the adoption may have on its consolidated financial statements.
	In January 2013, the FASB issued ASU 2013-01, Balance Sheet (topic 210), Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities The ASU’s main provision: The amendments clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities are required to provide the new disclosures retrospectively for all comparative periods. The Company has assessed the impact that the adoption may have on its consolidated financial statements and has determined there was no impact.

CONTINUED_OPERATIONS_AND_GOING1

CONTINUED OPERATIONS AND GOING CONCERN (Tables)	3 Months Ended
	Dec. 31, 2013
Continued Operations [Abstract]	'
Schedule of Restricted Cash and Cash Equivalents	'
	The SPA contains provisions that restrict the use of the $1.5 million received by the Company as follows:
		Initial		Restricted cash at
		Restriction		December 31,
		per the SPA		2013
	Forbearance Agreements, Novinskie Agreement and Blackstone Agreement	$	350,000	$	15,000
	Marketing Agreement payments to FEI		120,000		30,000
	Other marketing and sales activities		360,000		180,000
	Transaction closing costs and related expenses		80,000		3,383
	Oil and gas properties activities		75,000		-
	Mineral properties activities		50,000		35,000
	Future general and administrative expenses		345,000		150,000
	Other costs and expenses		120,000		1,489
	Total	$	1,500,000	$	414,872
Defaulted Obligations	'
	Such defaulted obligations at December 31, 2013 include the following:
	Amounts included in accounts payable:
	Consulting services and interest due a licensor	$	19,009
	EV&T – fees, expenses and accrued interest (subject to forbearance agreement)		245,729
	CAMI notes payable and accrued interest:
	Subject to forbearance agreements		839,373
	Not subject to forbearance agreements		32,486
	EV&T note and interest (subject to forbearance agreement)		1,238,749
	Note payable to related party and interest thereon (subject to forbearance agreement)		70,381
	7.25% Convertible Debentures and interest due a related party (subject to forbearance agreement)		47,512
	Note payable to former related party and interest thereon (subject to forbearance agreement)		20,649
	Amounts included in accrued compensation expense:
	Subject to forbearance agreements		597,009
	Not subject to forbearance agreements		92,321
	Total	$	3,204,218

OIL_AND_GAS_PROPERTIES_Tables

OIL AND GAS PROPERTIES (Tables)	3 Months Ended
	Dec. 31, 2013
Oil and Gas Property [Abstract]	'
Results of Operations for Oil and Gas Producing Activities	'
	Results of Operations for Oil and Gas Producing Activities:
			Three Months Ended
			December 31
			2013		2012
	Revenues:
	Oil and gas sales		$	42,927	$	105,185
	Well management revenue			64,354		68,909
	Royalty receipts			1,118		920
	Total revenues			108,399		175,014
	Expenses:
	Lease operating expenses			42,674		40,782
	Production and severance taxes			2,646		5,727
	Depreciation, depletion, amortization and valuation provisions			12,000		12,000
	Total expenses			57,320		58,509
	Revenues in excess of expenses			51,079		116,505
	Gain on sale of oil and gas properties			448,037		-
	Income tax expenses (1)			-		-
	Results of operations from oil and gas producing activities (excluding corporate overhead and interest costs)		$	499,116	$	116,505
		-1	As of September 30, 2013, the Company had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax expense is recognized for this segment.

MINERAL_PROPERTIES_Tables

MINERAL PROPERTIES (Tables)	3 Months Ended
	Dec. 31, 2013
Mineral Industries Disclosures [Abstract]	'
Results of Operations for Minerals Properties Activities	'
	Results of Operations for Minerals Properties Activities:
			Three Months Ended
			December 31
			2013		2012
	Mineral Sales		$	4,157	$	1,868
	Operating and other expenses			-65,396		-13,173
	Depreciation, depletion, amortization and valuation provisions			-1,650		-3,408
				-62,889		-14,713
	Income tax expenses (benefits) (1)			-		-
	Results of operations from mineral properties activities (excluding corporate overhead and interest costs)		$	-62,889	$	-14,713
		-1	The Company presently had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax benefits are recognized for this segment.

CAPITAL_STOCK_Tables

CAPITAL STOCK (Tables)

3 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

'

Options and Warrants to Purchase Common Stock

'

Options and Warrants to Purchase Common Stock

Number of

Weighted

Options and

Average Price

Warrants

per Share

Options and warrants outstanding at September 30, 2013

26,144,000

$

0.21

Options granted (1)

600,000

$

0.14

Options expired (1)

-200,000

$

0.21

Options and warrants outstanding at December 31, 2013 (2)

26,544,000

$

0.21

-1

On November 21, 2013, three Directors (Carter, Porfido and Sobieski) of the Company were each granted an option to purchase 200,000 shares of stock at an exercise price of $0.14 per share under the Company’s Non-qualified Independent Director Stock Option Plan. The options are exercisable through November 2018. The options vest 50% in November 2014 and 25% in each of November 2015 and 2016. The fair value of the options was determined to be $52,449 using the Black-Scholes valuation model. On February 10, 2014, Mr. Porfido resigned from the Board and, accordingly, the option granted to him expired effective with his resignation.

-2

An option the purchase of 200,000 shares of Common Stock, with an exercise price of $0.21 per share, was awarded to Lord Gilbert during fiscal 2010; such option remained unexercised as of September 30, 2013; and such option expired unexercised in December 2013.

Stock Options to Purchase Common Stock, Outstanding

'

Summarized information relating to the stock options to purchase Common Stock outstanding as of December 31, 2013, is as follows:

Options Outstanding

Options Exercisable

Exercise

Number of

Weighted

Weighted

Number of

Weighted

Price per

Shares

Average

Average

Shares

Average

Share

Underlying

Exercise

Remaining

Underlying

Exercise

Options

Price

Life

Options

Price Per

Unexercised

Per Share

(Years)

Exercisable

Share

$0.14-$0.22

3,800,000

$

0.18

2.1

2,312,500

$

0.19

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Components of Income Tax Expense	'
	Included in the table below are the components of income tax expense for the three months ended December 31, 2013 and 2012:
		Three Months Ended
		December 31
		2013			2012
	Current income tax expense (benefit)	$	-		$	-
	Deferred income tax expense (benefit)		-30,902			-107,331
	Valuation allowance		30,902			107,331
	Total income tax expense (benefit)	$	-		$	-
Reconciliation of Reported Amount of Income Tax Expense Attributable to Continuing Operations to Income Tax Expense	'
	Below is a reconciliation of the reported amount of income tax expense attributable to continuing operations for the period to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax loss for the three months ended December 31, 2013 and 2012:
		Three Months Ended
		December 31
		2013				2012
	Income tax expense (benefit) computed at the statutory Federal income tax rate		-35	%			-35	%
	Decrease (increase) due to permanent differences		-13	%			-1	%
	Use of net operating loss carryforward		-	%			-	%
	Change in valuation allowance		48	%			36	%
	Effective income tax rate		0	%			0	%

Recovered_Sheet1

Continued Operations and Going Concern - Additional Information (Detail) (USD $)	3 Months Ended				1 Months Ended	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2013	Jan. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
				Initial Restriction per the SPA	2013 Private Placement	2013 Private Placement	Series B 8% Cumulative Convertible Preferred Stock
Product Information [Line Items]	'	'	'	'	'	'	'
Current assets	$753,509	'	$495,888	'	'	'	'
Current liabilities	5,510,618	'	5,459,700	'	'	'	'
Total liabilities	7,804,801	'	7,753,883	'	'	'	'
Cumulative dividends in arrears	'	'	'	'	'	'	2,069,275
Common stock, par value	$0.01	'	$0.01	'	$0.10	'	'
Class of warrant or right, number of securities called by warrants or rights	'	'	'	'	2,000,000	1,644,000	'
Class of warrant or right, exercise price of warrants or rights	'	'	'	'	0.5	'	'
Restricted cash deposits - equity issuances	414,872	'	693,808	1,500,000	'	'	'
Warrants expiration date	'	'	'	'	16-Jan-18	'	'
Stock issued during period, value, other	'	'	'	'	500,000	'	'
Stock issued during period, shares, other	'	'	'	'	5,000,000	'	'
Cash received for sale of common stock	'	'	'	'	'	411,000	'
Sale of common stock shares	'	'	'	'	'	4,110,000	'
Net loss applicable to common shareholders	$115,327	$333,697	'	'	'	'	'

SPA_Contains_Provisions_that_R

SPA Contains Provisions that Restrict Use (Detail) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	$414,872	$693,808
Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	414,872	'
Forbearance Agreements, Novinskie Agreement and Blackstone Agreement | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	15,000	'
Marketing Agreement payments to FEI | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	30,000	'
Other marketing and sales activities | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	180,000	'
Transaction closing costs and related expenses | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	3,383	'
Oil and gas properties activities | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	0	'
Mineral properties activities | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	35,000	'
Future general and administrative expenses | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	150,000	'
Other costs and expenses | Restricted cash	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	1,489	'
Initial Restriction per the SPA	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	1,500,000	'
Initial Restriction per the SPA | Forbearance Agreements, Novinskie Agreement and Blackstone Agreement	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	350,000	'
Initial Restriction per the SPA | Marketing Agreement payments to FEI	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	120,000	'
Initial Restriction per the SPA | Other marketing and sales activities	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	360,000	'
Initial Restriction per the SPA | Transaction closing costs and related expenses	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	80,000	'
Initial Restriction per the SPA | Oil and gas properties activities	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	75,000	'
Initial Restriction per the SPA | Mineral properties activities	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	50,000	'
Initial Restriction per the SPA | Future general and administrative expenses	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	345,000	'
Initial Restriction per the SPA | Other costs and expenses	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted Cash and Cash Equivalents Equity Issuances	$120,000	'

Defaulted_Obligations_Detail

Defaulted Obligations (Detail) (USD $)	Dec. 31, 2013
Product Information [Line Items]	'
Defaulted obligations	$3,204,218
Consulting services and interest due a licensor	'
Product Information [Line Items]	'
Defaulted obligations	19,009
Note payable to related party and interest thereon	'
Product Information [Line Items]	'
Defaulted obligations	70,381
7.25% Convertible Debentures and interest due a related party	'
Product Information [Line Items]	'
Defaulted obligations	47,512
Note payable to former related party and interest thereon	'
Product Information [Line Items]	'
Defaulted obligations	20,649
EV&T | Fees, expenses and accrued interest	'
Product Information [Line Items]	'
Defaulted obligations	245,729
EV&T | Note and interest	'
Product Information [Line Items]	'
Defaulted obligations	1,238,749
CAMI | Subject to forbearance agreements	'
Product Information [Line Items]	'
Defaulted obligations	839,373
CAMI | Not subject to forbearance agreements	'
Product Information [Line Items]	'
Defaulted obligations	32,486
Accrued Compensation Expense | Subject to forbearance agreements	'
Product Information [Line Items]	'
Defaulted obligations	597,009
Accrued Compensation Expense | Not subject to forbearance agreements	'
Product Information [Line Items]	'
Defaulted obligations	$92,321

Basis_of_Presentation_Addition

Basis of Presentation - Additional Information (Detail)	Dec. 31, 2013	Sep. 30, 2013
Basis of Presentation [Line Items]	'	'
Authorized capital stock of common stock	150,000,000	150,000,000
Authorized capital stock of preferred stock	20,000,000	20,000,000

Oil_and_Gas_Properties_Additio

Oil and Gas Properties - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		1 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 17, 2013	Sep. 30, 2013
				Asset Purchase and Sale Agreement	Westlands Resources Corporation
Results of Operations for Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'	'	'	'
Gain on sale of oil and gas properties	'	$448,037	$0	$448,037	'
Proceeds receivable from prior sale of oil and gas properties	50,000	50,000	'	'	'
Provision for doubtful account	'	'	25,000	'	'
Operating loss carry forwards	24,000,000	24,000,000	'	'	'
Percentage of decline in price of natural gas	'	5.00%	'	'	'
Decrease in price for natural gas	'	4.44	4.69	'	'
Percentage of increase in average price per MCF	'	2.00%	'	'	'
Average price per MCF	'	91.31	93.48	'	'
Oil and gas revenue	'	108,399	175,014	'	62,300
Percentage of decrease in oil and gas revenue	59.00%	'	'	'	'
Proceeds from sale of oil and gas property and equipment	'	348,037	0	348,037	'
Proceeds from sale of oil and gas properties held in escrow	'	$100,000	$0	$100,000	'

Results_of_Operations_for_Oil_

Results of Operations for Oil and Gas Producing Activities (Detail) (USD $)	3 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Revenues:	'		'
Oil and gas sales	$42,927		$105,185
Well management revenue	64,354		68,909
Royalty receipts	1,118		920
Total revenues	108,399		175,014
Expenses:	'		'
Lease operating expenses	42,674		40,782
Production and severance taxes	2,646		5,727
Depreciation, depletion, amortization and valuation provisions	12,000		12,000
Total expenses	57,320		58,509
Revenues in excess of expenses	51,079		116,505
Gain on sale of oil and gas properties	448,037		0
Income tax expenses	0	[1]	0	[1]
Results of operations from oil and gas producing activities (excluding corporate overhead and interest costs)	$499,116		$116,505
[1]	As of September 30, 2013, the Company had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax expense is recognized for this segment.

Mineral_Properties_Additional_

Mineral Properties - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended			1 Months Ended
	Nov. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2000	Sep. 30, 2000	Sep. 30, 2000
					Marfa, Presidio County, Texa	Sierra County, New Mexico	Beaver County, Utah
					acre	acre	acre
Mineral Properties [Line Items]	'	'	'	'	'	'	'
Number Of Acres Acquired	'	'	'	'	5,200	2,720	220
Amortization of Patent and Patent License Rights	'	$1,650	$3,408	'	'	'	'
Inventory, Net, Total	'	37,646	'	40,500	'	'	'
Operating Loss Carryforwards	'	24,000,000	'	24,000,000	'	'	'
Prepaid Mineral Royalties, Noncurrent	'	'	539,000	'	'	'	'
Royalty Expense	30,000	30,000	'	'	'	'	'
Impairment of Intangible Assets, Finite-lived	'	$539,237	'	'	'	'	'

Results_of_Operations_for_Mine

Results of Operations for Minerals Properties Activities (Detail) (USD $)	3 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Results Of Operations For Minerals Properties Activities [Line Items]	'		'
Mineral Sales	$4,157		$1,868
Operating and other expenses	-65,396		-13,173
Depreciation, depletion, amortization and valuation provisions	-1,650		-3,408
Loss From Operations	-62,889		-14,713
Income tax expenses (benefits)	0	[1]	0	[1]
Results of operations from mineral properties activities (excluding corporate overhead and interest costs)	($62,889)		($14,713)
[1]	The Company presently had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax benefits are recognized for this segment.

Patent_and_Technology_Addition

Patent and Technology - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2013	Sep. 30, 2013	Feb. 28, 2010	Feb. 28, 2010	Dec. 31, 2013	Dec. 31, 2012
		Patent Rights	Patent Rights	License Agreement Terms	Patents License Rights	Patents License Rights	Patents License Rights
Patent And Technology [Line Items]	'	'	'	'	'	'	'
Common Stock Issued, Shares	'	'	'	140,000	'	'	'
Recorded Amount For Patents License Rights	'	'	'	'	$40,907	'	'
Price Per Share For Patent License Rights	'	'	'	'	$0.29	'	'
Patent License Rights Interest Payable	19,009	'	'	'	'	'	'
Payments for Fees	'	'	'	'	'	3,000	3,000
Patents cost	'	$6,620	$6,620	'	'	'	'

Notes_Payable_Additional_Infor

Notes Payable - Additional Information (Detail) (USD $)

1 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

Nov. 30, 2013

Apr. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Sep. 19, 2000

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Apr. 30, 2013

Nov. 30, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Other Notes Payable

Other Notes Payable

Other Notes Payable

EV and T

EV and T

EV and T

EV and T

EV and T

CAMI

CAMI

CAMI

Robert Martin

Robert Martin

Robert Martin

Carl Haessler

Carl Haessler

Carl Haessler

Premium Finance Note Payable

Premium Finance Note Payable

Premium Finance Note Payable

7.25% Convertible Debentures

7.25% Convertible Debentures

7.25% Convertible Debentures

Fees, expenses and accrued interest

Fees, expenses and accrued interest

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, face amount

$21,821

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$34,985

$17,808

'

'

'

'

Maturity date

1-Sep-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21-Dec-13

1-Aug-13

'

'

'

'

Interest rate

7.95%

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

'

'

'

'

'

'

'

'

7.40%

8.75%

'

7.25%

'

'

Principal and interest amount

2,262

'

'

'

'

20,648

'

'

'

'

'

'

'

'

32,486

830,534

'

'

'

'

'

'

3,887

2,052

'

'

'

'

Debt outstanding principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

435,943

435,943

134,811

'

134,811

83,478

'

83,478

'

'

'

'

'

'

Debt instrument, increase, accrued interest

'

'

'

'

'

700

955

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount on note

'

'

1,429

'

2,044

'

'

'

1,238,479

'

1,202,318

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

618

615

Debt instrument, interest rate, effective percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13.00%

'

'

Debt accrued interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

435,917

426,762

108,940

'

106,109

88,790

'

87,037

'

'

'

'

'

'

Recognized contractual coupon interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

822

822

'

Debt repayment period

'

'

'

'

'

'

'

'

'

'

'

'

'

'one (1) year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal balance due on note

'

'

19,703

'

'

'

'

'

'

'

'

'

'

'

'

'

243,751

'

240,920

172,268

'

170,515

'

'

11,519

45,000

'

45,000

Aggregate indebtedness

'

'

514,881

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment of principal and interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

839,373

32,171

'

'

'

'

'

'

'

'

'

'

'

'

Accounts Payable Current

'

'

1,366,462

'

1,317,771

'

'

'

'

'

'

245,729

213,040

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Increase (Decrease) for Period, Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

42,000

'

'

Accrued bonus expense

'

'

457,944

'

457,944

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expenses

'

'

61,234

71,024

'

'

'

'

'

'

'

'

'

'

'

'

2,831

2,831

'

1,753

1,753

'

'

'

'

'

'

'

Amount Of Principal Amount Plus Accrued Interest and Unpaid Interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,512

'

1,689

Debt Instrument, Periodic Payment, Interest

'

'

'

'

'

'

'

19,949

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Legal Fees

'

$5,000

'

'

'

'

'

'

$55,846

$16,532

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related_Parties_Additional_Inf

Related Parties - Additional Information (Detail) (USD $)	1 Months Ended			3 Months Ended
	Apr. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Sep. 30, 2013	Aug. 31, 2005	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013
				Far East Investments USA LLC	Former Executive Officers	Former Executive Officers	Former Executive Officers	Mr. Maxwell	Mr. Maxwell	Mr. Trynin	Mr. Trynin
Related Party [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Due to related parties	'	$1,616	$1,616	'	'	'	'	$70,381	$69,587	'	'
Due from related parties	'	'	'	'	102,428	100,331	256,000	'	'	457,944	457,944
Notes payable, related parties	'	'	'	'	'	'	'	60,000	'	'	'
Payments for (Proceeds from) investments, Total	'	'	'	30,000	'	'	'	'	'	'	'
Legal Fees	$5,000	'	'	'	'	'	'	'	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)

1 Months Ended

1 Months Ended

3 Months Ended

Apr. 30, 2013

Feb. 28, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Nov. 30, 2013

Nov. 30, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

17 Placer Mining Claims

Lode Claims

11 Placer Mining Claims

CA Properties Inc

CA Properties Inc

CA Properties Inc

Bureau Of Land Management

Bureau Of Land Management

Operating Lease Expense

Operating Lease Expense

General and Administrative Expense

General and Administrative Expense

acre

acre

acre

acre

Federal Mininig Claims

Commitments And Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lease and rental expense

'

'

'

'

'

'

'

'

'

'

$1,986

$2,472

$17,225

$18,025

Area of Land

'

'

2,720

160

220

'

'

5,200

'

'

'

'

'

'

Royalty Payment Per Ton

'

'

'

'

'

'

'

$3

'

'

'

'

'

'

Annual Royalty Expense

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

Minimum Royalty Expense

'

'

'

'

'

30,000

30,000

'

'

'

'

'

'

'

Cash Paid For Federal Mineral Claims

'

'

'

'

'

'

'

'

20,160

6,160

'

'

'

'

Cash Paid For Annual Maintains

'

12,000

'

'

'

'

'

'

'

'

'

'

'

'

Monthly Flat Fee

5,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment Of Quarter Term

'

$3,000

'

'

'

'

'

'

'

'

'

'

'

'

Capital_Stock_Additional_Infor

Capital Stock - Additional Information (Detail) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2010

Nov. 21, 2013

Dec. 31, 2013

Current officers, Directors and employees

Minimum

Maximum

Series A Preferred Stock

Series A Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B 8% Cummulative Convertible Preferred Stock

Series B 8% Cummulative Convertible Preferred Stock

Stock Options

Stock Options

Stock Options

Common Stock

Cater, Porfido and Sobieski

Stock option exercise price lower limit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock outstanding

'

'

'

'

'

'

0

0

135,000

135,000

135,000

135,000

'

'

'

'

Preferred stock, par value

'

'

'

'

'

'

$0.01

$0.01

$0.01

$0.01

$0.01

$10

'

'

'

'

Preferred Stock, conversion price per share

'

'

'

'

'

'

'

'

'

'

$1.25

$1.25

'

'

'

'

Rate of exchange of preferred stock, percentage of average closing price of common stock

'

'

'

'

'

'

'

'

'

'

85.00%

85.00%

'

'

'

'

Arrearages in cumulative dividends

'

'

'

'

'

'

'

'

$2,069,275

'

$2,069,275

$2,042,239

'

'

'

'

Liquidation preference totals

3,419,275

'

'

'

'

'

'

'

1,350,000

'

'

'

'

'

'

'

Series B Preferred Stock Description

'

'

'

'

'

'

'

'

'

'

'Further, the shares of Series B Preferred Stock (i) earn dividends at the rate of 8% per annum computed on the basis of a 365 day year, and (ii) have priority in liquidation to the extent of the stated value of $10.00 per share plus any unpaid dividends over any other preferred stock, common stock or any other stock issued after September 19, 2000.

'

'

'

'

'

Stock option exercise price lower limit

$0.14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.14

Stock option exercise price upper limit

$0.22

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.22

Stock-based compensation expense

32,943

16,466

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share based compensation, risk free interest rate minimum

0.24%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share based compensation, risk free interest rate maximum

2.43%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share based compensation, Contractual term

'

'

'

'

'2 years

'5 years

'

'

'

'

'

'

'

'

'

'

Share based compensation, expected volatility rate minimum

37.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share based compensation, expected volatility rate maximum

236.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options awarded exercise price

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.21

$0.14

'

Options vested percentage year one

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

Options vested percentage year two

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

'

Preferred Stock converted

'

'

'

'

'

'

'

'

'

'

1,080,000

1,080,000

'

'

'

'

Share-based compensation arrangement by share-based payment award, options, vested in period, fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

52,449

'

Common stock, shares, outstanding

72,468,458

'

72,468,458

3,300,000

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock amount of preferred dividends accrued

'

'

'

'

'

'

'

'

'

'

$1,826,239

$1,826,239

'

'

'

'

Options granted

'

'

'

'

'

'

'

'

'

'

'

'

600,000

200,000

200,000

200,000

Earnings Per Share, Diluted, Total

'

'

'

'

'

'

'

'

'

'

$1.25

'

'

'

'

'

Options_and_Warrants_to_Purcha

Options and Warrants to Purchase Common Stock (Detail) (Warrant, USD $)	3 Months Ended
	Dec. 31, 2013
Warrant	'
Common Stock [Line Items]	'
Options and warrants outstanding Beginning balance	26,144,000
Granted, Options and warrants	600,000	[1]
Expired, Options and warrants	-200,000	[1]
Options and warrants outstanding Ending balance	26,544,000	[2]
Options and warrants outstanding weighted average exercise price, beginning balance	$0.21
Granted, Weighted Average Price per Share	$0.14	[1]
Expired, Weighted Average Price per Share	$0.21	[1]
Options and warrants outstanding weighted average exercise price Ending balance	$0.21	[2]
[1]	On November 21, 2013, three Directors (Carter, Porfido and Sobieski) of the Company were each granted an option to purchase 200,000 shares of stock at an exercise price of $0.14 per share under the Companybs Non-qualified Independent Director Stock Option Plan. The options are exercisable through November 2018. The options vest 50% in November 2014 and 25% in each of November 2015 and 2016. The fair value of the options was determined to be $52,449 using the Black-Scholes valuation model. On February 10, 2014, Mr. Porfido resigned from the Board and, accordingly, the option granted to him expired effective with his resignation.
[2]	An option the purchase of 200,000 shares of Common Stock, with an exercise price of $0.21 per share, was awarded to Lord Gilbert during fiscal 2010; such option remained unexercised as of September 30, 2013; and such option expired unexercised in December 2013.

Stock_Options_to_Purchase_Comm

Stock Options to Purchase Common Stock, Outstanding (Detail) (USD $)	3 Months Ended
	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'
Exercise Price per Share, minimum	$0.14
Exercise Price per Share, maximum	$0.22
Options Outstanding, Number of Shares Underlying Options Unexercised	3,800,000
Options Outstanding, Weighted Average Exercise Price Per Share	$0.18
Options Outstanding, Weighted Average Remaining Life (Years)	'2 years 1 month 6 days
Options Exercisable, Number of Shares Underlying Options Exercisable	2,312,500
Options Exercisable, Weighted Average Exercise Price Per Share	$0.19

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended	1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Feb. 29, 2012	Feb. 29, 2012
				Internal Revenue Service (IRS)	Internal Revenue Service (IRS)
					Minimum
Income Taxes [Line Items]	'	'	'	'	'
Current federal and state taxes payable	$192,427	'	$192,427	'	'
Accrued interest on federal and state income taxes	72,281	'	77,331	'	'
Income taxes and interest payable monthly payments	'	'	'	'	2,150
Income taxes and interest payable payment period	'	'	'	'72 months	'
Income taxes and interest payable balance	'	'	'	153,514	'
Operating loss carry forwards	24,000,000	'	24,000,000	'	'
Operating loss carry forwards expire	'	'	'2028	'	'
Income tax examination interest expense	$3,360	$3,900	'	'	'

Components_of_Income_Tax_Expen

Components of Income Tax Expense (Detail) (USD $)	3 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Investments, Owned, Federal Income Tax Note [Line Items]	'		'
Current income tax expense (benefit)	$0		$0
Deferred income tax expense (benefit)	-30,902		-107,331
Valuation allowance	30,902		107,331
Total income tax expense (benefit)	$0	[1]	$0	[1]
[1]	The Company presently had approximately $24 million of loss carryforwards for Federal income tax purposes. Based on these loss carryforwards, no income tax benefits are recognized for this segment.

Reconciliation_of_Reported_Amo

Reconciliation of Reported Amount of Income Tax Expense Attributable to Continuing Operations to Income Tax Expense (Detail)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Investments, Owned, Federal Income Tax Note [Line Items]	'	'
Income tax expense (benefit) computed at the statutory Federal income tax rate	-35.00%	-35.00%
Decrease (increase) due to permanent differences	-13.00%	-1.00%
Use of net operating loss carryforward	0.00%	0.00%
Change in valuation allowance	48.00%	36.00%
Effective income tax rate	0.00%	0.00%

Recovered_Sheet2

Employment Contracts and Commitments - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Other liabilities, Noncurrent	457,944	457,944
Mr Novinskie	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Employee-related Liabilities, Current	319,792	319,792
Accrued bonuses current and noncurrent	25,000	25,000
Mr.Martin	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Other liabilities, Noncurrent	245,835	245,835
Mr. Trynin	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Other liabilities, Noncurrent	457,944	457,944
Notes Receivable, Related Parties	256,000	256,000
Interest Receivable	102,428	100,331
Richard W. Blackstone	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Other liabilities, Noncurrent	99,603	133,453
Mr. Parrish	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Share-based Compensation arrangement by share-based payment award, options, Grants in period, Gross	600,000	600,000
Former Officers	'	'
Oil and Gas Delivery Commitments and Contracts [Line Items]	'	'
Compensation paid	45,321	47,791

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)

3 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Nov. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 16, 2013

Jan. 16, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Maximum

Minimum

Promissory Note

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Mr. Parrish

Mr. Parrish

Mr. Parrish

15-Jan-16

15-Jan-17

31-Dec-16

Promissory Note

Promissory Note

15-Jan-16

15-Dec-16

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments To Acquire Mineral Extraction And Crushing Equipment

'

'

'

'

'

'

$300,000

'

'

'

'

'

'

'

Debt Instrument, Unused Borrowing Capacity, Amount

'

'

'

'

'

'

'

250,000

'

'

'

'

'

'

Debt interest rate stated percentage

'

'

7.95%

'

'

'

'

'

'

'

'

'

'

7.00%

Long-term Debt, Gross

19,703

'

'

'

'

'

'

'

'

'

'

'

96,847

7,719

Class Of Warrant Or Right Expiration Date

'

'

'

'

'

'

'

'

'

15-Jan-16

15-Jan-17

31-Dec-16

'

'

Warrant Issued To Purchase Common Stock

'

'

'

'

'

'

'

'

'

'

300,000

500,000

'

'

Common Stock Warrant Exercise Price

'

'

'

'

'

'

'

'

'

'

$0.15

$0.15

'

'

Fair Value Of Warrants

'

'

'

'

'

58,924

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Effective Percentage

'

'

'

'

'

24.00%

'

'

'

'

'

'

'

'

Repayments of Debt

13,637

3,308

'

'

'

'

'

'

50,000

'

'

'

'

'

Reduction in annual salary

'

'

'

$200,000

$150,000

'

'

'

'

'

'

'

'

'

Percentage of cash bonus

'

'

'

'

'

'

'

'

0.50%

'

'

'

'

'