American Noble Gas (AMNI) 10-Q 19 Dec 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Dec. 16, 2014
Document And Entity Information
Entity Registrant Name	INFINITY ENERGY RESOURCES, INC
Entity Central Index Key	822746
Document Type	10-Q
Document Period End Date	30-Jun-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		25,559,678
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2014

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$88,411	$74
Prepaid expenses	12,222	12,723
Total current assets	100,633	12,797
Oil and gas properties, using full cost accounting, net of accumulated depreciation, depletion, amortization and ceiling write-down Unproved	10,180,467	10,477,214
Total assets	10,281,100	10,490,011
Current liabilities:
Accounts payable	5,889,023	5,705,367
Accrued liabilities (including $767,407 due to related party at both dates)	2,418,238	2,733,500
Income tax liability	150,000	150,000
Accrued interest and fees - bank and other	260,632	194,238
Officer indemnification	734,897	734,897
Current portion of asset retirement obligations	432,027	432,027
Derivative liabilities	1,191,318	853,365
Line-of-credit with related party	32,802	94,640
Notes payable-short term, net of discounts of $518,239 and $784,096 at June 30, 2014 and December 31, 2013, respectively	1,006,761	265,904
Total current liabilities	12,115,698	11,163,938
Long-term liabilities:
Asset retirement obligations, less current portion	549,079	549,079
Total long-term liabilities	549,079	549,079
Total liabilities	12,664,777	11,713,017
Total redeemable convertible preferred stock		1,656,265
Commitments and contingencies (Note 8)
Stockholders' deficit:
Common stock, par value $.0001, authorized 75,000,000 shares, issued and outstanding 25,459,678 and 25,039,230 shares at June 30, 2014 and December 31, 2013, respectively	2,556	2,503
Additional paid-in capital	106,752,797	103,742,424
Accumulated deficit	-109,139,030	-106,624,198
Total stockholders' deficit	-2,383,677	-2,879,271
Total liabilities and stockholders' deficit	10,281,100	10,490,011
Series A Redeemable Convertible Preferred Stock [Member]
Long-term liabilities:
Total redeemable convertible preferred stock
Series B Redeemable Convertible Preferred Stock [Member]
Long-term liabilities:
Total redeemable convertible preferred stock		$1,656,265

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Due to related party	$767,407	$767,407
Short term note payable, net of discount	518,239	784,096
Redeemable, convertible preferred stock, par value	$0.00	$0.00
Redeemable, convertible preferred stock, authorized	10,000,000	10,000,000
Cumulative dividends	6.00%	6.00%
Common stock, par value	$0.00	$0.00
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	25,459,678	25,039,230
Common stock, outstanding	25,459,678	25,039,230
Series A Redeemable Convertible Preferred Stock [Member]
Redeemable, convertible preferred stock, par value	$0.00	$0.00
Redeemable, convertible preferred stock, authorized	10,000,000	10,000,000
Cumulative dividends	6.00%	6.00%
Redeemable, convertible Preferred stock, issued	0	0
Redeemable, convertible Preferred stock, outstanding	0	0
Series B Redeemable Convertible Preferred Stock [Member]
Redeemable, convertible preferred stock, par value	$0.00	$0.00
Redeemable, convertible preferred stock, authorized	10,000,000	10,000,000
Cumulative dividends	6.00%	6.00%
Redeemable, convertible Preferred stock, issued	0	15,016
Redeemable, convertible Preferred stock, outstanding	0	15,016
Redeemable, convertible Preferred stock, liquidation preference value	0	1,501,600
Undeclared dividends	$0	$154,665

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Operating expenses (income):
General and administrative expenses	$402,314	$372,776	$1,103,650	$1,383,952
Gain on settlement of litigation	-179,877		-179,877
Total operating expenses	222,437	372,776	923,773	1,383,952
Operating loss	-222,437	-372,776	-923,773	-1,383,952
Other income (expense):
Interest expense	-644,736	-403,789	-1,890,871	-762,086
Change in derivative fair value	242,103	5,883	226,977	-24,410
Loss on conversion of note payable		-11,085		-11,085
Other income			72,835
Total other income (expense)	-402,633	-408,991	-1,591,059	-797,581
Loss before taxes	-625,070	-781,767	-2,514,832	-2,181,533
Income tax expense (benefit)
Net loss	-625,070	-781,767	-2,514,832	-2,181,533
Accrual of 6% dividend payable on Series A and B redeemable, convertible preferred stock		-217,524	-25,527	-435,048
Accretion of Series A and B redeemable, convertible preferred stock		-553,715		-1,084,407
Loss applicable to common shareholders	($625,070)	($1,553,006)	($2,540,359)	($3,700,988)
Basic and diluted net loss per share:
Basic	($0.02)	($0.07)	($0.10)	($0.18)
Diluted	($0.02)	($0.07)	($0.10)	($0.18)
Weighted average shares outstanding - basic and diluted	25,497,456	21,179,704	25,343,089	20,925,551

Consolidated_Statement_of_Oper1

Consolidated Statement of Operations (Unaudited) (Parenthetical)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Percentage of convertible preferred stock dividends payable	6.00%	6.00%	6.00%	6.00%

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2013	$2,503	$103,742,424	($106,624,198)	($2,879,271)
Balance, shares at Dec. 31, 2013	25,039,230
Stock based compensation		761,967		761,967
Common stock purchase warrants issued for debt issuance costs		477,194		477,194
Common stock issued in settlement of litigation	10	114,990		115,000
Common stock issued in settlement of litigation, shares	100,000
Accrual of 6% dividend payable on Series A and B redeemable, convertible preferred stock		-25,527		-25,527
Conversion of Series B redeemable, convertible preferred stock to common stock	43	1,681,749		1,681,792
Conversion of Series B redeemable, convertible preferred stock to common stock, shares	420,448
Net loss			-2,514,832	-2,514,832
Balance at Jun. 30, 2014	$2,556	$106,752,797	($109,139,030)	($2,383,677)
Balance, shares at Jun. 30, 2014	25,459,678

Consolidated_Statement_of_Chan1

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parenthetical)	6 Months Ended
	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Percentage of dividend payable on redeemable convertible preferred stock	6.00%

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net loss	($2,514,832)	($2,181,533)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of asset retirement obligations		44,645
Stock-based compensation	761,967	1,122,653
Change in fair value of derivative liability	-226,977	24,410
Amortization of debt discount	1,795,977	727,797
Gain on settlement of litigation	-179,877
Common stock issued for services		39,750
Loss on conversion of note payable		11,085
Change in operating assets and liabilities:
Decrease in prepaid expenses		-7,344
Increase (decrease) in accounts payable and accrued liabilities	239,665	-217,884
Net cash used in operating activities	-139,203	-436,421
Cash flows from investing activities:
Investment in oil and gas properties	-185,622	-217,420
Net cash used in investing activities	-185,622	-217,420
Cash flows from financing activities:
Proceeds from debt and subordinated note payable	485,000	825,000
Repayment of notes payable		-700,000
Repayment of notes payable to related party	-10,000	-250,000
Proceeds from private placement of common stock and warrants		890,000
Net change in line-of-credit	-61,838
Net cash provided by financing activities	413,162	765,000
Net decrease in cash and cash equivalents	88,337	111,159
Cash and cash equivalents:
Beginning	74	32,721
End	88,411	143,880
Supplemental cash flow information:
Cash paid for interest		16,410
Cash paid for taxes
Supplemental noncash disclosures:
Noncash capitalized overhead and interest		12,500
Discount from warrant derivative issued in connection with notes payable	580,056	698,064
Issuance of common stock purchase warrants for debt issuance costs	477,194
Issuance of common stock in settlement of litigation	115,000
Series B Preferred shares and related accrued dividends satisfied by issuance of common shares	1,681,749
Issuance of Revenue Sharing Interest In Nicaraguan concession to Note holder	482,369
Conversion of note and accrued interest to common stock		126,673
Transition of derivative liability to equity		764,982
Accretion in fair value of redeemable preferred stock		1,084,407
Preferred dividends accrued	$25,527	$435,048

Nature_of_Operations_Basis_of_

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies	Note 1 — Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies
	Unaudited Interim Financial Information
	Infinity Energy Resources, Inc. and its subsidiaries (collectively, “we,” “ours,” “us,” “Infinity” or the “Company”) has prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated balance sheets, statements of operations, and cash flows for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2014 due to various factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8, “Financial Statements and Supplementary Data,” of our Annual Report on Form 10-K, filed with the SEC.
	Nature of Operations
	Infinity Energy Resources, Inc. (the “Company”, “we”, “our”) is engaged in the exploration of potential oil and gas resources in the Perlas and Tyra concession blocks offshore Nicaragua in the Caribbean Sea (the “Nicaraguan Concessions”). The Company sold its wholly-owned subsidiary Infinity Oil and Gas of Texas, Inc. in 2012 and continues to hold its wholly-owned subsidiary Infinity Oil and Gas of Wyoming, Inc. which has been inactive in recent years.
	On March 5, 2009 Infinity signed the contracts relating to its Nicaraguan Concessions. Infinity is conducting activities to develop geological information from the processing and evaluation of newly acquired and existing 2-D and 3-D seismic data that was acquired for the Nicaraguan Concessions. Infinity is seeking capital to continue its geological activities and offers from other industry operators and other third parties for interests in the acreage in the Nicaraguan Concession in exchange for cash and a carried interest in exploration and development operations.
	Going Concern
	As reflected in the accompanying consolidated statements of operations, the Company has had a history of losses. In addition, the Company has a significant working capital deficit and is currently experiencing substantial liquidity issues.
	On February 28, 2012, we signed definitive agreements with Amegy Bank (“Amegy”) and Off-Shore Finance, LLC (“Off-Shore”) relating to outstanding debt and other obligations we owed to them (see Note 3). On December 30, 2013, we completed the exchange of all 130,000 shares of Series A Preferred Stock and accrued dividends that Amegy owned for a total of 3,591,250 shares of our common stock. Although the cash outflow necessary to pay Amegy has been eliminated under terms of the agreements, we are still in need of additional capital to meet our obligations under the Nicaraguan Concessions, and are seeking sources of additional equity or debt financing. There can be no assurance that we will be able to obtain such capital or obtain it on favorable terms.
	The Company conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing 2-D seismic data acquired over its Nicaraguan Concessions. It issued letters of credit totaling $851,550 for this and additional work on the leases as required by the Nicaraguan Concessions, which letters of credit have now expired. The Company is in negotiations with the Nicaraguan Government and its lenders to renew the letters of credit, although there is no assurance that it will be successful in that regard. The Company has completed certain activity under the initial work plan to date, but there remains significant additional activities to comply with the Nicaraguan Concessions. The Company intends to seek joint venture or working interest partners prior to the commencement of any significant exploration or drilling operations on the Nicaraguan Concessions. The Company satisfied its commitment under the Nicaraguan Concessions to acquire, process and interpret additional 2-D/3-D seismic data. The Company is evaluating the newly acquired seismic data and is in process of selecting potential exploratory drill sites in accordance with the Nicaragua Concessions. The Company must gain approval of the drill sites upon submission of an updated environmental impact assessment before commencing with exploration activities. The Company currently does not have the working capital to complete the activities required by the work plan and consequently it must raise the necessary funding to fulfil such requirements. There are substantial operational and financial issues that must be successfully mitigated during 2014 and 2015 or the Company’s ability to satisfy the conditions necessary to maintain its Nicaragua Concessions will be in significant doubt.
	Due to the uncertainties related to these matters, there exists substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.
	Fair Value of Financial Instruments
	The carrying values of the Company’s accounts receivable, accounts payable and accrued liabilities and short term notes represent the estimated fair value due to the short-term nature of the accounts.
	The carrying value of the Company’s debt under its line-of credit with related party represents its estimated fair value due to its short-term nature, its adjustable rate of interest, associated fees and expenses and initially recorded discount.
	The estimated fair value of the Company’s derivative liabilities, all of which are related to detachable warrants issued in connection with notes payable, were estimated using a closed-ended option pricing model utilizing assumptions related to the contractual term of the instruments, estimated volatility of the price of the Company’s common stock, interest rates, the probability of both the downward adjustment of the exercise price and the upward adjustment to the number of warrants as provided by the warrant agreement terms and non-performance risk factors, among other items. The fair values for the warrant derivatives as of June 30, 2014 and December 31, 2013 were classified under the fair value hierarchy as Level 3
	There were no changes in valuation techniques or reclassifications of fair value measurements between levels 1, 2 or 3 during the six months ended June 30, 2014 and 2013.
	Reclassifications
	Certain amounts in the prior period were reclassified to conform with the current period’s financial statement presentation. These reclassifications had no effect on previously reported net loss or accumulated deficit.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]
Debt	Note 2 — Debt
	Debt consists of the following at June 30, 2014 and December 31, 2013:
			30-Jun-14		31-Dec-13
	Line-of-credit with related party		$	32,802	$	94,640
	Notes payable, short term:
	Note payable, net of unamortized discount of $217,940 and $784,096, of June 30, 2014 and December 31, 2013, respectively		$	832,060	$	265,904
	Note payable, net of unamortized discount of $13,151 and $-0-, as of June 30, 2014 and December 31, 2013, respectively		$	11,849	$	-
	Note payable, net of unamortized discount of $50,273 and $-0-, as of June 30, 2014 and December 31, 2013, respectively		$	49,727	$	-
	Notes payable, net of unamortized discount of $178,952 and $-0-, as of June 30, 2014 and December 31, 2013, respectively		$	71,048
	Note payable, net of unamortized discount of $57,923 and $-0-, as of June 30, 2014 and December 31, 2013, respectively		$	42,077
	Total notes payable, short-term		$	1,006,761	$	265,904
	Line-of-Credit with Related Party
	The Company entered into a line-of-credit facility on September 23, 2013 which provides for borrowings on a revolving basis up to a maximum of $50,000 (maximum increased to $100,000 at December 31, 2013) with an initial maturity of November 23, 2013. The entity providing the credit facility is owned by an officer of another corporation for which Infinity’s president and chairman of the board serves as president and chairman of the board. The facility is unsecured, bears interest at 8%, and was renewed at its maturity on November 23, 2013 for an additional two months or until January 23, 2014. On such date the parties renewed the credit facility until April 23, 2014 and on April 23, 2014 they renewed the facility to July 23, 2014. On such date they again renewed the facility to February 28, 2015). The Company granted the lender of the facility common stock purchase warrants exercisable to purchase 250,000 shares of common stock at an exercise price of $1.50 per share, which are immediately exercisable and expire from September 23, 2018 to April 23, 2019 (as amended on January 23, 2014). The parties agreed as a condition to the renewal of the line-of-credit in January 2014 that all warrants would be extended to a five-year term and the exercise price reduced to $1.50 per share. The Company estimated the fair value of these warrants at $60,290 as of the original grant date in 2013, which has been recorded as debt issuance costs and classified in prepaid expenses in the accompanying consolidated balance sheets. The Company estimated the fair value of these new warrants and the increased value of the amended warrants to be $477,194 as of the respective renewal date in 2014, which has been recorded as debt issuance costs and classified in prepaid expenses in the accompanying consolidated balance sheets.
	Such costs are amortized ratably over the term of the credit facility which totaled $47,568 for the year ended December 31, 2013 and the remaining unamortized balance was $12,723 as of December 31, 2013. During the six months ended June 30, 2014, a total of $477,695 of debt issuance costs were amortized to interest expense and the remaining unamortized balance was $12,222 as of June 30, 2014.
	Note Payable – Short-term
	On December 27, 2013 the Company borrowed $1,050,000 under an unsecured credit facility with a private, third-party lender. The loan is represented by a promissory note (the “Note”), bears interest at the rate of 8% per annum and is payable, interest and principal in full on December 7, 2014 after several extensions, including one in May 2014. It may be prepaid without penalty at any time. The Note is subordinated to all existing and future senior indebtedness, as such terms are defined in the Note.
	In connection with its loan, the Company granted the lender a common stock purchase warrant exercisable to purchase 1,000,000 shares of its common stock at an exercise price of $1.50 per share for a period commencing March 14, 2014 and expiring on the third anniversary of such date. If the Company fails to pay the Note on its maturity date, the number of shares issuable under the warrant increases to 13,333,333 and the exercise price drops to $0.075 per share.
	Other than the $1,050,000 short-term note described above, during the six months ended June 30, 2014, the Company borrowed a total of $485,000 from entities or individuals as follows:
		●	On January 7, 2014 it borrowed a total of $25,000 from an individual under a convertible note payable with a conversion price of $1.50 per share. The term of the note was for one year and it bore interest at 8% per annum. In connection with the loan, the Company issued the lender a warrant exercisable to purchase 25,000 shares of common stock at $1.50 per share for a term of five years from the date of the note. The terms of the note and warrant provide that if the note and interest are not paid in full by its maturity date, the conversion price of the note and exercise price of the warrant automatically reduce to $0.50 per share. The ratchet provision in the note conversion and warrant exercise price required that these be accounted for as derivative liabilities. The Company recorded the estimated fair value of the conversion feature and warrants totaling $37,323 as discounts on note payable and as a derivative liability in the same amount, as of the date of the note. Interest expense for the six months ended June 30, 2014 includes discount amortization in the amount of $24,172 and as of June 30, 2014, the unamortized discount amounted to $13,151.
		●	On March 31, 2014 it borrowed a total of $100,000 from an entity under a convertible note payable with a conversion price of $1.50 per share. The term of the note was for a period of 180 days and it bore interest at 8% per annum. In connection with the loan, the Company issued the lender a warrant exercisable to purchase of 100,000 shares of common stock at $1.50 per share for a term of five years from the date of the note. The terms of the note and warrant provide that if the note and interest are not be paid in full by its maturity date, the conversion price of the note and the exercise price of the warrant automatically reduce to $0.50 per share. The ratchet provision in the note conversion and warrant exercise price required that these be accounted for as derivative liabilities. The Company recorded the estimated fair value of the conversion feature and warrants totaling $143,502 as a discount on note payable and as a derivative liability in the same amount, as of the date of the note. Interest expense for the six months ended June 30, 2014 includes discount amortization in the amount of $93,229 and as of June 30, 2014, the unamortized discount amounted to $50,273.
		●	On April 4, 2014 and June 7, 2014 it borrowed a total of $250,000 from an entity under two convertible notes payable with the conversion rate of $1.50 per share. The term of the notes was for a period of 180 days and bore interest at 8% per annum. In connection with the loan the Company issued the entity a warrant excisable to purchase 250,000 shares of common stock at $1.50 per share for a term of five years from the date of the notes. The terms of the notes and warrants provide that if the notes and interest are not be paid in full by their respective maturity dates, the conversion price of the notes and the exercise price of the warrants automatically reduce to $0.50 per share. The ratchet provision in the note conversion and warrant exercise price required that these be accounted for as derivative liabilities. The Company recorded the estimated fair value of the conversion feature and warrants totaling $278,585 as a discount on note payable and as a derivative liability in the same amount, as of the date of the respective note. Interest expense for the six months ended June 30, 2014 includes discount amortization in the amount of $99,633 and as of June 30, 2014, the unamortized discount amounted to $178,952.
		●	On April 14, 2014 it borrowed a total of $100,000 from an entity under a convertible note payable with the conversion rate of $1.50 per share. The term of the note was for a period of 180 days and bore interest at 8% per annum. In connection with the loan, the Company issued the entity a warrant for the purchase of 100,000 shares of common stock at $1.50 per share for a period of five years from the date of the note. The terms of the note and warrant provide that should the note and interest not be paid in full by its maturity date, the conversion price of the note and exercise price of the warrants automatically reduce to $0.50 per share. The ratchet provision in the note conversion and warrant exercise price required that these be accounted for as derivative liabilities. The Company recorded the estimated fair value of the conversion feature and warrants totaling $105,520 as a discount on note payable and as a derivative liability in the same amount, as of the date of the note. Interest expense for the six months ended June 30, 2014 includes discount amortization in the amount of $47,597 and as of June 30, 2014, the unamortized discount amounted to $57,923.
		●	On March 7, 2014 it borrowed a total of $10,000 from an individual who is related to Infinity’s Chairman and President. The note was due on demand and bore interest at 8% per annum. This demand note was repaid in full in April 2014.
	Conversion of note payable to common stock
	During the year ended December 31, 2013, the Company conducted a private placement of its common stock in which it sold 556,250 units, each consisting of one share of common stock and one half of a common stock purchase warrant at a price of $1.60 per unit, for total proceeds of $890,000. One holder of a promissory note issued by the Company in February 2013 participated in the private placement and converted the principal amount of $125,000 plus accrued interest into 79,170 units. As a result of the conversion, the Company recognized a loss on conversion of $11,085 during the year ended December 31, 2013. The common stock purchase warrants provide for an exercise price of $2.50 per share, are immediately exercisable and have a term of five years.
	Interest Bearing Liabilities to Vendors
	At June 30, 2014 and December 31, 2013, the Company had agreed to pay interest of 8% on certain accrued liabilities aggregating $410,500. Interest expense totaled $8,187 for each of the three months ended June 30, 2014 and 2013 and $16,285 for each of the six months ended June 30, 2014 and 2013. Total accrued interest related to this agreement was $163,300 and $147,015 as of June 30, 2014 and December 31, 2013, respectively.

Cancellation_of_Debt_and_Relat

Cancellation of Debt and Related Obligations and Issuance of Securities in Exchange for Debt	6 Months Ended
	Jun. 30, 2014
Cancellation Of Debt And Related Obligations And Issuance Of Securities In Exchange For Debt
Cancellation of Debt and Related Obligations and Issuance of Securities in Exchange for Debt	Note 3 — Cancellation of Debt and Related Obligations and Issuance of Securities in Exchange for Debt
	On February 28, 2012, the Company signed definitive agreements with Amegy and Off-Shore relating to outstanding debt and other obligations owed them. In accordance with these agreements, on April 13, 2012, the Company issued Amegy 2,000,000 shares of common stock and 130,000 shares of Series A redeemable convertible preferred stock, and issued Off-Shore 15,016 shares of Series B redeemable convertible preferred stock. Amegy also agreed to cancel the Amegy Warrant (that had originally been issued in February 2011) exercisable to purchase 931,561 shares of common stock. In aggregate, the Company cancelled debt, accrued interest and fees and the derivative liability that had been recorded relative to the Amegy Warrant in the aggregate amount of $21,883,393.
	The Series A and Series B redeemable convertible preferred stock have a 6% annual dividend and are convertible into common stock at a price of $6.50 per share. Both series of preferred stock automatically convert into common stock if the average of the closing prices of the common stock for 30 consecutive trading days equals at least $7.50 per share. The Company has the right to redeem both series of preferred stock at any point for an amount equal to their issue price of $100 per share plus all accrued and unpaid dividends; however, the Series A preferred stock has a higher liquidation preference and must be redeemed prior to any redemption of Series B preferred stock. Commencing January 1, 2013, the Series A preferred stock will vote with the common stock on all matters presented to the holders of the common stock. Beginning January 1, 2014, the Series A preferred shareholders will have a majority vote on all such matters and the right to elect a majority of the Board of Directors if the Series A preferred stock has not been redeemed or converted into common stock. Series B preferred stock has no voting privileges. Neither series of preferred stock is transferrable for 180 days after issuance.
	On December 30, 2013, the Company completed all transactions contemplated by a Stock Exchange Agreement (the “Agreement”) between it and Amegy Bank, N.A. (“Amegy”). Under the Agreement Amegy exchanged all of its 130,000 shares of Series A preferred stock for 3,250,000 shares of common stock of the Company. Each share of Series A preferred stock had a price of $100. Amegy also agreed to receive an additional 341,250 shares of common stock for $1,365,000, the amount of the accrued and unpaid dividends on the Series A preferred stock as of the date of the transaction. As a result, the Company issued a total of 3,591,250 shares of common stock valued at $4.00 per share. Accordingly, the transactions were valued at $14,365,000, which has been reflected as common stock and additional paid in capital in the accompanying consolidated balance sheets.
	Effective February 28, 2014, the Company received Conversion Notices from Offshore that effected the conversion of all Series B preferred stock outstanding, including accrued and unpaid dividends thereon, into shares of common stock. In the transaction, Offshore exchanged all of its 15,016 shares of Series B preferred stock that it owned for 375,400 shares of common stock of the Company. Each share of Series B preferred stock had a price of $100. The Company also issued Offshore an additional 45,048 shares of common stock for $180,192, the amount of the accrued and unpaid dividends on the Series B preferred stock as of the effective date of the transaction. As a result, the Company issued a total of 420,448 new shares of Common Stock valued at $4.00 per share. Accordingly, the transactions were valued at $1,681,792, which has been reflected as common stock and additional paid in capital in the accompanying consolidated balance sheets.

Stock_Options

Stock Options	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Options	Note 4 — Stock Options
	The Company applies ASC 718, Stock Compensation, which requires companies to recognize compensation expense for share-based payments based on the estimated fair value of the awards. ASC 718 also requires tax benefits relating to the deductibility of increases in the value of equity instruments issued under share-based compensation arrangements to be presented as financing cash inflows in the statement of cash flows. Compensation cost is recognized based on the grant-date fair value for all share-based payments granted, and is estimated in accordance with the provisions of ASC 718.
	In May 2006, the Company’s stockholders approved the 2006 Equity Incentive Plan (the “2006 Plan”), under which both incentive and non-statutory stock options may be granted to employees, officers, non-employee directors and consultants. An aggregate of 470,000 shares of the Company’s common stock are reserved for issuance under the 2006 Plan. Options granted under the 2006 Plan allow for the purchase of common stock at prices not less than the fair market value of such stock at the date of grant, become exercisable immediately or as directed by the Company’s Board of Directors and generally expire ten years after the date of grant. The Company also has other equity incentive plans with terms similar to the 2006 Plan. As of June 30, 2014 and December 31, 2013, 148,463 shares were available for future grants under all plans.
	The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model, which requires the input of subjective assumptions, including the expected term of the option award, expected stock price volatility and expected dividends. These estimates involve inherent uncertainties and the application of management judgment. For purposes of estimating the expected term of options granted, the Company aggregates option recipients into groups that have similar option exercise behavioral traits. Expected volatilities used in the valuation model are based on the expected volatility that would be used by an independent market participant in the valuation of certain of the Company’s warrants. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The Company’s forfeiture rate assumption used in determining its stock-based compensation expense is estimated based on historical data for the years ended December 31, 2013. The actual forfeiture rate could differ from these estimates. The following table summarizes the inputs used in the calculation of fair value of options granted during the six months ended June 30, 2014:
		Six months Ended
		30-Jun-14
	Expected term (in years)		6
	Expected stock price volatility		136	%
	Expected dividends		-
	Risk-free rate		1.955	%
	The following table summarizes stock option activity for the six months ended June 30, 2014:
		Number of			Weighted		Weighted		Aggregate
		Options			Average		Average		Intrinsic
					Exercise		Remaining		Value
					Price Per		Contractual
					Share		Term
	Outstanding at December 31, 2013		3,399,500		$	4.14		6.4 years	$	389,815
	Granted		900,000			3		10.0 years
	Exercised		-			-
	Forfeited		(95,000	)		4.16
	Outstanding at June 30, 2014		4,204,500		$	3.89		6.8 years	$	303,910
	Outstanding and exercisable at June 30, 2014		3,167,833		$	4.18		6.2 years	$	303,910
	The Company stock-based compensation expense in connection with the vesting of options granted above in the amount of $761,967 and $1,122,653 during the six months ended June 30, 2014 and 2013, respectively.
	During the six months ended June 30, 2014, the Company granted 900,000 options which have an exercise price of $3.00 and a term of ten years. A total of 300,000 options vested immediately while the remaining 600,000 options vest at a rate of one half for each of the two years thereafter. The weighted average grant date fair value for these options was $1.22 per share that was calculated using the Black-Scholes option model.
	The unrecognized compensation cost as of June 30, 2014 related to the unvested stock options as of that date was $529,953.

Derivatives_Warrants_Issued_Re

Derivatives - Warrants Issued Relative to Note Payables	6 Months Ended
	Jun. 30, 2014
Derivatives - Warrants Issued Relative To Note Payables
Derivatives - Warrants Issued Relative to Note Payables	Note 5 — Derivatives – Warrants Issued Relative to Note Payables
	The estimated fair value of the Company’s derivative liabilities, all of which are related to the conversion features and detachable warrants issued in connection with notes payable, were estimated using a closed-ended option pricing model utilizing assumptions related to the contractual term of the instruments, estimated volatility of the price of the Company’s common stock, interest rates, the probability of both the downward adjustment of the exercise price and the upward adjustment to the number of warrants as provided by the note payable and warrant agreement terms (Note 2) and non-performance risk factors, among other items (ASC 820, Fair Value Measurements (“ASC 820”) fair value hierarchy Level 3). When the note payable is extinguished, the derivative liability will be adjusted to fair value and the resulting derivative liability will be transitioned from a liability to equity as of such date. None of the notes payable were extinguished during the six months ended June 30, 2014. A comparison of the assumptions used in calculating estimated fair value of derivative liabilities at the issue date and as of the date of the transition from liability to equity during the six months ended June 30, 2014 is as follows:
		Upon Issuance			As of date of transition to equity		As of
							30-Jun-14
	Volatility – range		91% - 156%			n/a		102% - 123%
	Contractual term		0.5 - 5 years			n/a		0.5 - 5 years
	Exercise price		$1.50			n/a		$1.50
	Number of warrants in aggregate		675,000			n/a		1,675,000
	The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs for both open and closed derivatives:
		Amount
	Balance at December 31, 2013	$	853,365
	Fair value of warrant derivative at issuance date		580,056
	Unrealized derivative gains included in other expense		(242,103	)
	Transition of derivative liability to equity		-
	Balance at June 30, 2014	$	1,191,318

Warrants

Warrants	6 Months Ended
	Jun. 30, 2014
Warrants and Rights Note Disclosure [Abstract]
Warrants	Note 6 —Warrants
	The following table summarizes warrant activity for the six months ended June 30, 2014:
		Number of		Weighted
		Warrants		Average
				Exercise
				Price Per
				Share
	Outstanding and exercisable at December 31, 2013		2,137,710	$	2.03
	Issued in conjunction with notes payable (Note 2)		475,000		1.5
	Issued in conjunction with line-of-credit (Note 2)		200,000		1.5
	Exercised		-		-
	Outstanding and exercisable at June 30, 2014		2,812,710	$	1.76
	The weighted average term of all outstanding common stock purchase warrants was 3.54 and 2.68 years as of June 30, 2014 and December 31, 2013, respectively. The intrinsic value of all outstanding common stock purchase warrants and the intrinsic value of all vested common stock purchase warrants was zero as of June 30, 2014 and December 31, 2013.

Supplemental_Oil_and_Gas_Infor

Supplemental Oil and Gas Information	6 Months Ended
	Jun. 30, 2014
Oil and Gas Property [Abstract]
Supplemental Oil and Gas Information	Note 7 — Supplemental Oil and Gas Information
	Estimated Proved Oil and Gas Reserves (Unaudited)
	As of June 30, 2014 and December 31, 2013, the Company had no proved reserves. As such, there are no estimates of proved reserves to disclose, nor standardized measure of discounted future net cash flows relating to proved reserves.
	Costs Incurred in Oil and Gas Activities
	Costs incurred during the six months ended June 30, 2014 in connection with the Company’s oil and gas acquisition, exploration and development activities are shown below.
		Six months ended
		30-Jun-14
	Property acquisition costs:
	Proved	$	-
	Unproved		-
	Total property acquisition costs		-
	Development costs		-
	Exploration costs		185,622
	Total costs	$	185,622
	Aggregate capitalized costs relating to the Company’s oil and gas producing activities, and related accumulated depreciation, depletion, amortization and ceiling write-downs are as follows:
		30-Jun-14			31-Dec-13
	Proved oil and gas properties	$	-		$	-
	Unproved oil and gas properties		10,662,836			10,477,214
	Total		10,662,836			10,477,214
	Less accumulated depreciation, depletion, amortization and ceiling		-			-
	write-downs
	Less amount allocated to revenue sharing interest granted to Note holder for extension of maturity date (See Note 2)		(482,369	)		-
	Net capitalized costs	$	10,180,467		$	10,477,214
	Costs Not Being Amortized
	Oil and gas property costs not being amortized at June 30, 2014, by year that the costs were incurred, are as follows:
	Year Ended December 31,
	2014 (through June 30, 2014)		$	185,622
	2013			6,051,411
	2012			581,723
	2011			731,347
	Prior			3,112,733
	Total costs not being amortized		$	10,662,836
	The above unevaluated costs relate to the Company’s approximate 1,400,000 acre Nicaraguan Concessions.
	The Company anticipates that these unproved costs in the table above will be reclassified to proved costs within the next five years.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8 — Commitments and Contingencies
	The Company has held no insurance coverage on its U.S domestic oil and gas properties for a number of years. The Company is not in compliance with Federal and State laws regarding the U.S. domestic oil and gas properties. The Company’s known compliance issues relate to the Texas Railroad Commission regarding administrative filings and renewal permits. The ultimate resolution of these compliance issues could have a material adverse impact on the Company’s financial statements.
	Nicaraguan Concessions
	The Company received notification of final approval of the EIA by the Nicaraguan government on April 13, 2013, which began Sub-Period 2. Therefore, the Company has progressed to Sub-Period 2 of the exploration phase of the 30-year concession for both Perlas and Tyra as of June 30, 2014. In accordance with the Nicaraguan Concession agreements, the Company has provided the Ministry of Energy with the required letters of credit in the amounts of $443,100 for Perlas (expired March 2014) and $408,450 for Tyra (expired September 2014). The Company has also made all required expenditures related to the Nicaraguan Concessions for training programs and as “area fees,” for each respective year for 2010 through 2013. The Company is currently negotiating the renewal of the required letters of credit with the Nicaraguan Government and its lenders; however, there can be no assurance that the Company will be successful in that regard. The Company considers it is fully in compliance with the terms of the Nicaraguan Concessions agreements, subject to renewal of the expired letters of credit and is in year three of the exploration phase of the 30-year Nicaraguan Concessions.
	Minimum Work Program – Perlas
	Block Perlas – Exploration Minimum Work Commitment and Relinquishments
	Exploration Period			Duration			Work Commitment	Relinquishment	Irrevocable
	(6 Years)			(Years)					Guarantee
	Sub-Period 1				2		- Environmental Impact Study	26km2	$	443,100
							- Acquisition & interpretation of 333km of new 2D seismic
							- Acquisition, processing & interpretation of 667km of new 2D seismic (or equivalent in 3D)
	Sub-Period 2 Optional				1		- Acquisition, processing & interpretation of 200km2 of 3D seismic	53km2	$	1,356,227
	Sub-Period 3 Optional				1		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	80km2	$	10,220,168
	Sub-Period 4 Optional				2		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	All acreage except	$	10,397,335
							- Geochemical analysis	areas with discoveries
	Minimum Work Program - Tyra
	Block Tyra – Exploration Minimum Work Commitment and Relinquishments
	Exploration Period			Duration			Work Commitment	Relinquishment	Irrevocable
	(6 Years)			(Years)					Guarantee
	Sub-Period 1				1.5		- Environmental Impact Study	26km2	$	408,450
							- Acquisition & interpretation of 667km of existing 2D seismic
							- Acquisition of 667km of new 2D seismic (or equivalent in 3D)
	Sub-Period 2 Optional				0.5		- Processing & interpretation of the 667km 2D	40km2	$	278,450
							seismic (or equivalent in 3D) acquired in the
							previous sub-period
	Sub-Period 3 Optional				2		- Acquisition, processing & interpretation of	160km2	$	1,818,667
							250km2 of new 3D seismic
	Sub-Period 4 Optional				2		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	All acreage except	$	10,418,667
							- Geochemical analysis	areas with discoveries
	Contractual and Fiscal Terms
	Training Program		US $50,000 per year, per block
	Area Fee		Yr 1-3			$0.05/hectare
			Yr 4-7			$0.10/hectare
			Yr 8 fwd			$0.15/hectare
	Royalties		Recovery Factor			Percentage
			0 – 1.5			5%
			1.5 – 3.0			10%
			>3.0			15%
	Natural Gas Royalties		Market value at production			5%
	Corporate Tax		Rate no higher than 30%
	Social Contribution		3% of the net profit (1.5% for each autonomous region)
	Investment Protection		ICSID arbitration
			OPIC insurance
	Sub-Period 2 of the exploration phase began April 13, 2013, when the Nicaraguan Government approved the environmental impact study. The minimum cash requirements related to the Nicaraguan Concessions for the next twelve month period will be approximately $5,415,000, of which $4,945,000 is related to seismic activities and $470,000 is related to the training fees, area fees and other expenditures under the Nicaraguan Concession. The Company estimates that the total actual cost of 2D and 3D seismic activities for the acreage will be a minimum of $8,000,000 (including $5,937,013 already expended for seismic activities) over the next 18-24 month period. In addition to the minimum cash requirements related to the Nicaraguan Concessions, the Company estimates that it will require approximately $315,000 of working capital to maintain corporate operations for the next 12 months, but not including debt obligations owed to third parties.
	Revenue Sharing Commitments
	On March 23, 2009, the Company entered into a Securities Purchase Agreement, dated effective as of March 23, 2009, with Off-Shore, an accredited investor, to issue a subordinated secured promissory note in the aggregate principal amount of up to $1,275,000 and a one percent (1%) revenue sharing interest in the Nicaraguan Concessions. As of December 31, 2009, Off-Shore had funded $1,275,000 (the “Funding Amount”).
	Under the Revenue Sharing Agreement (the “Revenue Agreement”), Infinity assigned to Off-Shore a monthly payment (the “RSP”) equal to the revenue derived from one percent (1%) of Infinity’s share of the hydrocarbons produced at the wellhead from the Nicaraguan Concessions. The RSP shall bear its proportionate share of all costs incurred to deliver the hydrocarbons to the point of sale to an unaffiliated purchaser, including its share of production, severance and similar taxes, and certain additional costs. The RSP shall be paid to Off-Shore by the last day of each month based on the revenue received by Infinity from the purchaser of the production during the previous month from the Nicaraguan Concessions. The Revenue Agreement does not create any obligation for Infinity to maintain or develop the Nicaraguan Concessions, and does not create any rights in the Nicaraguan Concessions for Off-Shore. In connection with its dissolution Off-Shore assigned its RSP to its members.
	On June 6, 2009 the Company entered into a Revenue Sharing Agreement with the officers and directors for services provided. Infinity assigned to officers and directors a monthly payment (the “RSP”) equal to the revenue derived from one percent (1%) of Infinity’s share of the hydrocarbons produced at the wellhead from the Nicaraguan Concessions. The RSP shall bear its proportionate share of all costs incurred to deliver the hydrocarbons to the point of sale to an unaffiliated purchaser, including its share of production, severance and similar taxes, and certain additional costs. The RSP shall be paid by the last day of each month based on the revenue received by Infinity from the purchaser of the production during the previous month from the Nicaraguan Concessions. The Revenue Agreement does not create any obligation for Infinity to maintain or develop the Nicaraguan Concessions, and does not create any rights in the Nicaraguan Concessions for officers and directors.
	The Company intends to seek joint venture or working interest partners (the “Farmout”) prior to the commencement of any exploratory drilling operations on the Nicaraguan Concessions. On September 8, 2009 the Company entered into a Revenue Sharing Agreement with Jeff Roberts to assist the Company with its technical studies of gas and oil holdings in Nicaragua and managing and assisting in the Farmout. Infinity assigned to Jeff Roberts a monthly payment (the “RSP”) equal to the revenue derived from one percent (1%) of Infinity’s share of the hydrocarbons produced at the wellhead from the Nicaraguan Concessions. The RSP shall bear its proportionate share of all costs incurred to deliver the hydrocarbons to the point of sale to an unaffiliated purchaser, including its share of production, severance and similar taxes, and certain additional costs. The RSP shall be paid to Jeff Roberts by the last day of each month based on the revenue received by Infinity from the purchaser of the production during the previous month from the Nicaraguan Concessions. The Revenue Agreement does not create any obligation for Infinity to maintain or develop the Nicaraguan Concessions, and does not create any rights in the Nicaraguan Concessions for Jeff Roberts.
	On September 8, 2009 the Company entered into a Revenue Sharing Agreement with Thompson Knight Global Energy Services (“Thompson Knight”) to assist the Company with its technical studies of gas and oil holdings in Nicaragua and managing and assisting in the Farmout. Infinity assigned to Thompson Knight a monthly payment (the “RSP”) equal to the revenue derived from one percent (1%) of Infinity’s share of the hydrocarbons produced at the wellhead from the Nicaraguan Concessions. The RSP shall bear its proportionate share of all costs incurred to deliver the hydrocarbons to the point of sale to an unaffiliated purchaser, including its share of production, severance and similar taxes, and certain additional costs. The RSP shall be paid to Thompson Knight by the last day of each month based on the revenue received by Infinity from the purchaser of the production during the previous month from the Nicaraguan Concessions. The Revenue Agreement does not create any obligation for Infinity to maintain or develop the Nicaraguan Concessions, and does not create any rights in the Nicaraguan Concessions for Thompson Knight. This Revenue Sharing Agreement is expected to expire as a result of the Letter of Intent entered into with Granada Exploration, LLC (See Note 10).
	In connection with the extension of the Note payable with a $1,050,000 principal balance issued in December 2013, the Company entered into a Revenue Sharing Agreement effective May 2014. Infinity assigned to the note holder a monthly payment (the “RSP”) equal to the revenue derived from one percent (1%) of 8/8ths of Infinity’s share of the hydrocarbons produced at the wellhead from the Nicaraguan Concessions. The RSP shall bear its proportionate share of all costs incurred to deliver the hydrocarbons to the point of sale to an unaffiliated purchaser, including its share of production, severance and similar taxes, and certain additional costs. The RSP shall be paid by the last day of each month based on the revenue received by Infinity from the purchaser of the production during the previous month from the Nicaraguan Concessions. The Revenue Agreement does not create any obligation for Infinity to maintain or develop the Nicaraguan Concessions and does not create any rights in the Nicaraguan Concessions for officers and directors.
	Lack of Compliance with Law Regarding Domestic Properties
	Infinity is not in compliance with existing federal, state and local laws, rules and regulations for its domestic properties and this could have a material or significantly adverse effect upon the liquidity, capital expenditures, earnings or competitive position of Infinity. For the year ended December 31, 2008 the remaining values of Infinity-Texas and Infinity-Wyoming were written down to zero as the Company focused solely on the development of the Nicaraguan Concessions. In addition, Infinity-Texas was disposed of in July 2012; however, the Company may remain liable for certain asset retirement costs should the new owner not complete their obligations. Management believes the estimate of asset retirement obligations which includes the Company’s officer indemnification liabilities consisting of costs related to the plugging of wells, the removal of facilities and equipment, and site restoration on oil and gas properties for its former Texas oil properties is sufficient to cover any noncompliance liabilities. The Company no longer carries insurance on the domestic properties.
	Contingent Fees
	In addition to the Revenue Sharing Agreement with Thompson Knight to assist the Company with its technical studies of gas and oil holdings in Nicaragua and managing and assisting in the Farmout, the Company agreed to compensate Thompson Knight a success fee of 5% of the upfront cash fee paid to Infinity by a third party earning an interest in the Nicaragua asset up to $20 million and 10% of any amount exceeding the $20 million. A 2% success fee would be paid to Thompson Knight of the remaining cash investment in subsequent years. This success fee agreement is expected to expire as a result of the Letter of Intent entered into with Granada Exploration, LLC (See Note 10).
	Litigation
	The Company is subject to numerous claims and legal actions in which vendors are claiming breach of contract due to the Company’s failure to pay amounts due. The Company believes that it has made adequate provision for these claims in the accompanying financial statements.
	The Company is currently involved in litigation as follows:
		●	Exterran Energy Solutions, L.P., f/k/a Hanover Compression Limited Partnership, who filed an action in the District Court of Erath County, Texas, number CV30512, on March 31, 2010 against Infinity Oil and Gas of Texas, Inc., Infinity Energy Resources, Inc., Longhorn Properties, LLC, and Forest Oil Corporation. Exterran Energy Solutions, L.P. provided certain gas compressor and related equipment pursuant to a Gas Compressor/Production Equipment Master Rental & Servicing Agreement with Infinity dated January 3, 2005 in Erath County, Texas and has claiming breach of contract for failure to pay amounts due. On October 13, 2011, a default judgment was entered against the Company in the amount of $445,521 plus interest and attorney fees. The Company has included the impacts of this litigation as liabilities in its accounts payable. The Company will seek to settle the default judgment when it has the financial resources to do so.
		●	In October 2012 the State of Texas filed a lawsuit naming Infinity-Texas, the Company and the corporate officers of Infinity-Texas, seeking $30,000 of reclamation costs associated with a single well, in addition to administrative expenses and penalties. The Company has engaged in negotiations with the State of Texas in late 2012 and early 2013 and has reached a settlement agreement that would reduce the aggregate liability, in this action and any extension of this to other Texas wells, to $45,103, which amount has been paid. Certain performance obligations remain which must be satisfied in order to finally settle and dismiss the matter.
			Pending satisfactory performance of the performance obligations and their acceptance by the State of Texas, the officers retain potential liability on the above matter, and the officers are held personally harmless by indemnification provisions of the Company. Therefore these liabilities, to the extent they might become actual, are the obligations of the Company. Management estimates that the liabilities associated with this matter will not exceed $780,000, calculated as $30,000 for each of the 26 Infinity-Texas operated wells. This related liability, less the payment made to the State of Texas in 2012 in the amount of $45,103, is classified as officer indemnification liability on the consolidated balance sheets.
		●	Timothy Berge, who filed an action in the District Court, City and County of Denver Colorado number 09CV9566, was granted a default judgment on November 8, 2010 against the Company in the amount of $304,921 plus costs. Mr. Berge provided certain geological services to Infinity Oil and Gas of Texas, Inc. and claimed breach of contract for failure to pay amounts he alleged were due. The Company was unable to defend itself in this matter due to limited financial resources even though it believes that it had meritorious defenses. On May 27, 2014 the Company settled this litigation by the issuance of 100,000 shares of common stock and the payment of $10,000 cash. The Company had previously established a provision of $304,878 related to this litigation as an accrued liability in the accompanying balance sheet. The value of the 100,000 shares of common stock and $10,000 cash paid in settlement of this litigation totaled $125,000 resulting in a gain of $179,878, which was recorded in the statement of operations.
		●	Cambrian Consultants America, Inc. (“Cambrian”) filed an action in the District Court of Harris County, Texas, number CV2014-55719, on September 26, 2014 against Infinity Energy Resources, Inc. resulting from certain professional consulting services provided for quality control and management of seismic operations during November and December 2013 on the Company’s offshore Nicaraguan concessions. Cambrian provided these services pursuant to a Master Consulting Agreement with Infinity dated November 20, 2013, and is claiming breach of contract for failure to pay amounts due. On December 8, 2014, a default judgment was entered against the Company in the amount of $96,877 plus interest and attorney fees. The Company has included the impacts of this litigation as liabilities in its accounts payable. The Company will seek to settle the default judgment when it has the financial resources to do so.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 — Related Party Transactions
	The Company currently does not have any employees other than the CEO and CFO. Certain general and administrative services (for which payment is deferred) has been provided by the CFO’s accounting firm at its standard billing rates plus out-of-pocket expenses and consist primarily of accounting, tax and other administrative fees. For the three and six months ended June 30, 2014 and 2013, the Company was billed $0 for such services. The amount due to the CFO’s firm for services provided was $767,407 at June 30, 2014 and December 31, 2013, and is included in accrued liabilities at both dates.
	The Company entered into a subordinated loan with Off-Shore in the aggregate amount of $1,275,000 for funds for the Nicaraguan Concessions. This note was satisfied by the Company’s issuance of shares of Series B redeemable convertible preferred stock effective April 13, 2012 to Off-Shore (see Note 3) and the conversion of the Series B redeemable convertible preferred stock to common stock effective February 28, 2014. The managing partner of Off-Shore and the CFO are partners in the accounting firm which the Company uses for its general corporate purposes. In the transaction, Offshore exchanged all of its 15,016 shares of Series B preferred stock of the Company that it owned for 375,400 shares of Common Stock of the Company. Each share of Series B preferred had a liquidation and par value of $100. The Company also issued Offshore an additional 45,048 shares of common stock for $180,192, the amount of the accrued and unpaid dividends on the Series B preferred stock as of the effective date of the transaction. As a result, the Company issued a total of 420,448 new shares of Common Stock which was valued at $4.00 per share for a total of $1,681,792 which has been reflected as common stock and additional paid in capital in the accompanying consolidated balance sheets.
	As of June 30, 2014 and December 31, 2013, the Company had accrued compensation to its officers and directors of $1,115,208 and $1,034,708, respectively.
	On August 28, 2012, the Company borrowed $250,000 from an entity that is 49% owned by a board member of another corporation for which Infinity’s CEO serves as CEO and chairman of the board. The Company issued a short-term note to the entity bearing interest at 8% per annum and maturing February 28, 2013. The note was repaid February 27, 2013. In connection with the transaction, the Company issued the lender a warrant exercisable to purchase 120,000 shares of the Company’s common stock at a price of $2.50 per share, expiring August 2017.
	The Company entered into a line-of-credit facility on September 23, 2013 that provides for borrowings on a revolving basis up to a maximum of $50,000 (maximum increased to $100,000 at December 31, 2013) with an initial maturity of November 23, 2013. The entity providing the credit facility is owned by an officer of another corporation for which Infinity’s president and chairman of the board serves as president and chairman of the board. The facility is unsecured, bears interest at 8%, and was renewed at its maturity on November 23, 2013 for an additional two months or until January 23, 2014. On January 23, 2014 the parties renewed the credit facility until April 23, 2014 and on April 23, 2014 they renewed it to July 23, 2014. They subsequently renewed the facility to February 28, 2015. The Company granted the lender common stock purchase warrants exercisable to purchase 250,000 shares of common stock at a price of $1.50 per share, which warrants are immediately exercisable and expire from September 23, 2018 to January 23, 2019. The parties agreed as a condition to the renewal of the line-of-credit in January 2014 that all warrants would be extended to a five-year term and the exercise price reduced to $1.50 per share. The Company estimated the fair value of these warrants at $60,290 as of the original grant date in 2013, which has been recorded as debt issuance costs and classified in prepaid expenses in the accompanying consolidated balance sheets. The Company estimated the fair value of these new warrants and the increased value of the amended warrants, to be $477,194 as of the respective renewal date in 2014, which has been recorded as debt issuance costs and classified in prepaid expenses in the accompanying consolidated balance sheets.
	On March 7, 2014 the Company borrowed $10,000 from an individual who is related to Infinity’s Chairman and President. The note was due on demand and bore interest at 8% per annum. This demand note was repaid in full in April 2014.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 10 — Subsequent Events
	On December 27, 2013 the Company borrowed $1,050,000 under an unsecured credit facility with a private, third-party lender. The facility is represented by a promissory note (the “Note”) with an original due date of March 12, 2014. On March 7, 2014 the Company and the lender agreed to extend the maturity date of the Note to May 9, 2014 and on such date the parties agreed to extend the maturity date of the Note from May 9, 2014 to December 7, 2014. On November 19, 2014 the parties agreed to extend the maturity date of the Note to April 7, 2015 (the “New Maturity Date”). All other terms of the Note remain the same.
	In connection with a previous extension of the Note, the Company entered into a definitive revenue sharing agreement with the lender to grant it an irrevocable right to receive a monthly payment equal to one half of one percent (1/2%) of the gross revenue derived from the share of all hydrocarbons produced at the wellhead from the Nicaraguan Concessions and any other oil and gas concessions that the Company and its affiliates may acquire. This percent increased to one percent (1%) when the Company did not pay the Note in full by August 7, 2014. Therefore, the revenue sharing agreement is fixed at 1%. The Company paid no other consideration in connection with the extension of the Note, but paid the legal expenses of the lender related to the extensions of $25,000. The Note may be prepaid without penalty at any time. The Note is subordinated to all existing and future senior indebtedness, as such terms are defined in the Note.
	In connection with its loan, the Company granted the lender a Warrant exercisable to purchase 1,000,000 shares of its common stock at an exercise price of $1.50 per share. In connection with the extension of the maturity date of the Note to the New Maturity Date, the parties amended the date for exercise of the Warrant to be a period commencing April 7, 2015 and expiring on the third anniversary of such date. The Company issued no additional warrants to the lender in connection with the extension of the Note to the New Maturity Date. If the Company fails to pay the note on or before its New Maturity Date, the number of shares issuable under the Warrant increases to 13,333,333 and the exercise price drops to $0.075 per share. All other terms of the Warrant remain the same.
	Subsequent to June 30, 2014, the Company has issued two new promissory notes for total cash proceeds of $100,000. The promissory notes have maturity dates, as amended, of February 28, 2015. In connection with these loans the Company granted new warrants exercisable to purchase a total of 150,000 shares of common stock at an exercise price of $1.00 per share. All of such warrants are immediately exercisable and terminate five years from the date of issuance.
	Subsequent to June 30, 2014, the Company was unable to pay the outstanding principal due on promissory notes representing $450,000 in debt on their respective maturity dates. The Company negotiated extensions of their maturity dates to February 28, 2015 by granting new warrants to purchase 450,000 shares of common stock at an exercise price of $1.00 each with a five-year term, modifying existing warrant agreements covering 450,000 shares providing for an increase in the term of warrants to five years and reducing the exercise price to $1.00 per share.
	Subsequent to June 30, 2014, the Company was unable to pay balances due on its line-of-credit with a related party with an outstanding balance of $32,802 as of June 30, 2014. The Company and such party agreed to extend the maturity date to February 28, 2015 and the Company granted new warrants to purchase 200,000 shares of common stock at an exercise price of $1.00 to $1.50 per share with a five-year term.
	On October 13, 2014 the Company announced that it had entered into a Letter of Intent (“LOI”) with Granada Exploration, LLC, which has agreed to join with the Company to explore for potential hydrocarbons beneath Infinity’s 1.4 million-acre oil and gas concessions in the Caribbean Sea offshore Nicaragua. Under the terms of the LOI, Granada Exploration will provide its services in exchange for a working interest in the Nicaraguan Concessions. The scope of such services will be more specifically described in a mutually acceptable Exploration Services Agreement (“ESA”), which is currently being negotiated and finalized. The ESA is anticipated to provide that Granada will earn an assignment from Infinity of an undivided 30% working interest in the Concessions, based on an 80% net revenue interest. Granada and Infinity are also anticipated to enter into a Joint Operating Agreement. Granada may, at its discretion, participate in an initial exploratory well for up to an additional undivided 20% working interest, on a prospect-by-prospect basis, with such additional interest to be based on an 80% net revenue interest.
	The LOI is subject to Granada’s normal and customary due diligence including the evaluation of the Company’s Form 10-K and 10-Q filings, concession documents showing that the Company is in good standing with the Nicaraguan government, negotiation and approval of mutually acceptable formal agreements, and final approval by a majority of the partners that comprise Granada Exploration, LLC.
	The Company has not resolved the contingency related to the expired letters of credit for its Nicaraguan Concessions (See Note 8). The Company continues to negotiate the renewal of the letters of credit with the Nicaraguan Government and its lenders; however, there can be no assurance that the Company will be successful in that regard.
	Cambrian Consultants America, Inc. (“Cambrian”) filed an action in the District Court of Harris County, Texas, number CV2014-55719, on September 26, 2014 against Infinity Energy Resources, Inc. resulting from certain professional consulting services provided for quality control and management of seismic operations during November and December 2013 on the Company’s offshore Nicaraguan concessions. Cambrian provided these services pursuant to a Master Consulting Agreement with Infinity dated November 20, 2013, and is claiming breach of contract for failure to pay amounts due. On December 8, 2014, a default judgment was entered against the Company in the amount of $96,877 plus interest and attorney fees. The Company has included the impacts of this litigation as liabilities in its accounts payable. The Company will seek to settle the default judgment when it has the financial resources to do so.

Nature_of_Operations_Basis_of_1

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information
	Infinity Energy Resources, Inc. and its subsidiaries (collectively, “we,” “ours,” “us,” “Infinity” or the “Company”) has prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated balance sheets, statements of operations, and cash flows for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2014 due to various factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8, “Financial Statements and Supplementary Data,” of our Annual Report on Form 10-K, filed with the SEC.
Nature of Operations	Nature of Operations
	Infinity Energy Resources, Inc. (the “Company”, “we”, “our”) is engaged in the exploration of potential oil and gas resources in the Perlas and Tyra concession blocks offshore Nicaragua in the Caribbean Sea (the “Nicaraguan Concessions”). The Company sold its wholly-owned subsidiary Infinity Oil and Gas of Texas, Inc. in 2012 and continues to hold its wholly-owned subsidiary Infinity Oil and Gas of Wyoming, Inc. which has been inactive in recent years.
	On March 5, 2009 Infinity signed the contracts relating to its Nicaraguan Concessions. Infinity is conducting activities to develop geological information from the processing and evaluation of newly acquired and existing 2-D and 3-D seismic data that was acquired for the Nicaraguan Concessions. Infinity is seeking capital to continue its geological activities and offers from other industry operators and other third parties for interests in the acreage in the Nicaraguan Concession in exchange for cash and a carried interest in exploration and development operations.
Going Concern	Going Concern
	As reflected in the accompanying consolidated statements of operations, the Company has had a history of losses. In addition, the Company has a significant working capital deficit and is currently experiencing substantial liquidity issues.
	On February 28, 2012, we signed definitive agreements with Amegy Bank (“Amegy”) and Off-Shore Finance, LLC (“Off-Shore”) relating to outstanding debt and other obligations we owed to them (see Note 3). On December 30, 2013, we completed the exchange of all 130,000 shares of Series A Preferred Stock and accrued dividends that Amegy owned for a total of 3,591,250 shares of our common stock. Although the cash outflow necessary to pay Amegy has been eliminated under terms of the agreements, we are still in need of additional capital to meet our obligations under the Nicaraguan Concessions, and are seeking sources of additional equity or debt financing. There can be no assurance that we will be able to obtain such capital or obtain it on favorable terms.
	The Company conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing 2-D seismic data acquired over its Nicaraguan Concessions. It issued letters of credit totaling $851,550 for this and additional work on the leases as required by the Nicaraguan Concessions, which letters of credit have now expired. The Company is in negotiations with the Nicaraguan Government and its lenders to renew the letters of credit, although there is no assurance that it will be successful in that regard. The Company has completed certain activity under the initial work plan to date, but there remains significant additional activities to comply with the Nicaraguan Concessions. The Company intends to seek joint venture or working interest partners prior to the commencement of any significant exploration or drilling operations on the Nicaraguan Concessions. The Company satisfied its commitment under the Nicaraguan Concessions to acquire, process and interpret additional 2-D/3-D seismic data. The Company is evaluating the newly acquired seismic data and is in process of selecting potential exploratory drill sites in accordance with the Nicaragua Concessions. The Company must gain approval of the drill sites upon submission of an updated environmental impact assessment before commencing with exploration activities. The Company currently does not have the working capital to complete the activities required by the work plan and consequently it must raise the necessary funding to fulfil such requirements. There are substantial operational and financial issues that must be successfully mitigated during 2014 and 2015 or the Company’s ability to satisfy the conditions necessary to maintain its Nicaragua Concessions will be in significant doubt.
	Due to the uncertainties related to these matters, there exists substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The carrying values of the Company’s accounts receivable, accounts payable and accrued liabilities and short term notes represent the estimated fair value due to the short-term nature of the accounts.
	The carrying value of the Company’s debt under its line-of credit with related party represents its estimated fair value due to its short-term nature, its adjustable rate of interest, associated fees and expenses and initially recorded discount.
	The estimated fair value of the Company’s derivative liabilities, all of which are related to detachable warrants issued in connection with notes payable, were estimated using a closed-ended option pricing model utilizing assumptions related to the contractual term of the instruments, estimated volatility of the price of the Company’s common stock, interest rates, the probability of both the downward adjustment of the exercise price and the upward adjustment to the number of warrants as provided by the warrant agreement terms and non-performance risk factors, among other items. The fair values for the warrant derivatives as of June 30, 2014 and December 31, 2013 were classified under the fair value hierarchy as Level 3
	There were no changes in valuation techniques or reclassifications of fair value measurements between levels 1, 2 or 3 during the six months ended June 30, 2014 and 2013.
Reclassifications	Reclassifications
	Certain amounts in the prior period were reclassified to conform with the current period’s financial statement presentation. These reclassifications had no effect on previously reported net loss or accumulated deficit.

Debt_Tables

Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]
Schedule of Debt Outstanding	Debt consists of the following at June 30, 2014 and December 31, 2013:
		30-Jun-14		31-Dec-13
	Line-of-credit with related party	$	32,802	$	94,640
	Notes payable, short term:
	Note payable, net of unamortized discount of $217,940 and $784,096, of June 30, 2014 and December 31, 2013, respectively	$	832,060	$	265,904
	Note payable, net of unamortized discount of $13,151 and $-0-, as of June 30, 2014 and December 31, 2013, respectively	$	11,849	$	-
	Note payable, net of unamortized discount of $50,273 and $-0-, as of June 30, 2014 and December 31, 2013, respectively	$	49,727	$	-
	Notes payable, net of unamortized discount of $178,952 and $-0-, as of June 30, 2014 and December 31, 2013, respectively	$	71,048
	Note payable, net of unamortized discount of $57,923 and $-0-, as of June 30, 2014 and December 31, 2013, respectively	$	42,077
	Total notes payable, short-term	$	1,006,761	$	265,904

Stock_Options_Tables

Stock Options (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Fair Value Options	The following table summarizes the inputs used in the calculation of fair value of options granted during the six months ended June 30, 2014:
		Six months Ended
		30-Jun-14
	Expected term (in years)		6
	Expected stock price volatility		136	%
	Expected dividends		-
	Risk-free rate		1.955	%
Summary of Stock Option Activity	The following table summarizes stock option activity for the six months ended June 30, 2014:
		Number of			Weighted		Weighted		Aggregate
		Options			Average		Average		Intrinsic
					Exercise		Remaining		Value
					Price Per		Contractual
					Share		Term
	Outstanding at December 31, 2013		3,399,500		$	4.14		6.4 years	$	389,815
	Granted		900,000			3		10.0 years
	Exercised		-			-
	Forfeited		(95,000	)		4.16
	Outstanding at June 30, 2014		4,204,500		$	3.89		6.8 years	$	303,910
	Outstanding and exercisable at June 30, 2014		3,167,833		$	4.18		6.2 years	$	303,910

Derivatives_Warrants_Issued_Re1

Derivatives - Warrants Issued Relative to Note Payables (Tables)	6 Months Ended
	Jun. 30, 2014
Derivatives - Warrants Issued Relative To Note Payables
Schedule of Estimated Fair Value of Derivative Liabilities	A comparison of the assumptions used in calculating estimated fair value of derivative liabilities at the issue date and as of the date of the transition from liability to equity during the six months ended June 30, 2014 is as follows:
		Upon Issuance			As of date of transition to equity		As of
							30-Jun-14
	Volatility – range		91% - 156%			n/a		102% - 123%
	Contractual term		0.5 - 5 years			n/a		0.5 - 5 years
	Exercise price		$1.50			n/a		$1.50
	Number of warrants in aggregate		675,000			n/a		1,675,000
Summary of Changes In Fair Value Derivative Financial Instruments	The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs for both open and closed derivatives:
		Amount
	Balance at December 31, 2013	$	853,365
	Fair value of warrant derivative at issuance date		580,056
	Unrealized derivative gains included in other expense		(242,103	)
	Transition of derivative liability to equity		-
	Balance at June 30, 2014	$	1,191,318

Warrants_Tables

Warrants (Tables)	6 Months Ended
	Jun. 30, 2014
Warrants and Rights Note Disclosure [Abstract]
Summary of Warrant Option Activity	The following table summarizes warrant activity for the six months ended June 30, 2014:
		Number of		Weighted
		Warrants		Average
				Exercise
				Price Per
				Share
	Outstanding and exercisable at December 31, 2013		2,137,710	$	2.03
	Issued in conjunction with notes payable (Note 2)		475,000		1.5
	Issued in conjunction with line-of-credit (Note 2)		200,000		1.5
	Exercised		-		-
	Outstanding and exercisable at June 30, 2014		2,812,710	$	1.76

Supplemental_Oil_and_Gas_Infor1

Supplemental Oil and Gas Information (Tables)	6 Months Ended
	Jun. 30, 2014
Oil and Gas Property [Abstract]
Schedule of Oil Gas Acquisition Exploration And Development Activities	Costs incurred during the six months ended June 30, 2014 in connection with the Company’s oil and gas acquisition, exploration and development activities are shown below.
		Six months ended
		30-Jun-14
	Property acquisition costs:
	Proved	$	-
	Unproved		-
	Total property acquisition costs		-
	Development costs		-
	Exploration costs		185,622
	Total costs	$	185,622
Schedule of Oil And Gas Producing Activities Related Accumulated Depreciation	Aggregate capitalized costs relating to the Company’s oil and gas producing activities, and related accumulated depreciation, depletion, amortization and ceiling write-downs are as follows:
		30-Jun-14			31-Dec-13
	Proved oil and gas properties	$	-		$	-
	Unproved oil and gas properties		10,662,836			10,477,214
	Total		10,662,836			10,477,214
	Less accumulated depreciation, depletion, amortization and ceiling		-			-
	write-downs
	Less amount allocated to revenue sharing interest granted to Note holder for extension of maturity date (See Note 2)		(482,369	)		-
	Net capitalized costs	$	10,180,467		$	10,477,214
Schedule of Oil And Gas Property Costs Not Being Amortized	Oil and gas property costs not being amortized at June 30, 2014, by year that the costs were incurred, are as follows:
	Year Ended December 31,
	2014 (through June 30, 2014)		$	185,622
	2013			6,051,411
	2012			581,723
	2011			731,347
	Prior			3,112,733
	Total costs not being amortized		$	10,662,836

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Schedule of Minimum Exploration Work Commitment and Relinquishments by Individual Blocks	Minimum Work Program – Perlas
	Block Perlas – Exploration Minimum Work Commitment and Relinquishments
	Exploration Period		Duration			Work Commitment	Relinquishment	Irrevocable
	(6 Years)		(Years)					Guarantee
	Sub-Period 1			2		- Environmental Impact Study	26km2	$	443,100
						- Acquisition & interpretation of 333km of new 2D seismic
						- Acquisition, processing & interpretation of 667km of new 2D seismic (or equivalent in 3D)
	Sub-Period 2 Optional			1		- Acquisition, processing & interpretation of 200km2 of 3D seismic	53km2	$	1,356,227
	Sub-Period 3 Optional			1		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	80km2	$	10,220,168
	Sub-Period 4 Optional			2		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	All acreage except	$	10,397,335
						- Geochemical analysis	areas with discoveries
	Minimum Work Program - Tyra
	Block Tyra – Exploration Minimum Work Commitment and Relinquishments
	Exploration Period		Duration			Work Commitment	Relinquishment	Irrevocable
	(6 Years)		(Years)					Guarantee
	Sub-Period 1			1.5		- Environmental Impact Study	26km2	$	408,450
						- Acquisition & interpretation of 667km of existing 2D seismic
						- Acquisition of 667km of new 2D seismic (or equivalent in 3D)
	Sub-Period 2 Optional			0.5		- Processing & interpretation of the 667km 2D	40km2	$	278,450
						seismic (or equivalent in 3D) acquired in the
						previous sub-period
	Sub-Period 3 Optional			2		- Acquisition, processing & interpretation of	160km2	$	1,818,667
						250km2 of new 3D seismic
	Sub-Period 4 Optional			2		- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower	All acreage except	$	10,418,667
						- Geochemical analysis	areas with discoveries
Schedule of Contractual and Fiscal Terms	Contractual and Fiscal Terms
	Training Program	US $50,000 per year, per block
	Area Fee	Yr 1-3			$0.05/hectare
		Yr 4-7			$0.10/hectare
		Yr 8 fwd			$0.15/hectare
	Royalties	Recovery Factor			Percentage
		0 – 1.5			5%
		1.5 – 3.0			10%
		>3.0			15%
	Natural Gas Royalties	Market value at production			5%
	Corporate Tax	Rate no higher than 30%
	Social Contribution	3% of the net profit (1.5% for each autonomous region)
	Investment Protection	ICSID arbitration
		OPIC insurance

Nature_of_Operations_Basis_of_2

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) (USD $)	0 Months Ended
	Dec. 30, 2013	Dec. 30, 2013	Dec. 31, 2013
Letters of credit			$851,550
Series A Redeemable Convertible Preferred Stock [Member]
Shares issued in payment of debt	130,000
Common Stock [Member]
Shares issued in payment of debt		3,591,250

Debt_Details_Narrative

Debt (Details Narrative) (USD $)	0 Months Ended						3 Months Ended		6 Months Ended		12 Months Ended	0 Months Ended		3 Months Ended	0 Months Ended
	Mar. 07, 2014	Dec. 27, 2013	Dec. 27, 2013	Sep. 23, 2013	Sep. 23, 2013	Aug. 28, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Apr. 14, 2014	Jan. 07, 2014	Mar. 31, 2014	Mar. 07, 2014
Line of credit facility maximum borrowing capacity				$50,000	$50,000						$100,000
Percentage of loan agreement, bearing interest rate				8.00%	8.00%
Debt maturity date	30-Apr-14		7-Apr-15		23-Nov-13	28-Feb-13
Issuance of warrants to purchase common stock				250,000	250,000	120,000
Fair value of warrants recorded as debt issuance cost									477,695
Issuance of warrants common stock purchase price per share				$1.50	$1.50	$2.50					$1.50
Warrant exercisable and expire term						31-Aug-17
Warrant extended term				5 years
Common stock purchase warrants issued for debt issuance costs									477,194
Line of credit											47,568
Unamortized line of credit											12,723
Remaining unamortized balance									12,222
Proceeds from unsecured credit facility		1,050,000
Debt interest rate		8.00%	8.00%
Proceeds from borrowings									485,000
Amortization of debt discount									1,795,977	727,797
Issuance of warrants to purchase of common stock		1,000,000
Common stock at an exercise price		$1.50
Warrants expiration date		14-Mar-14
Warrants exercise price reduced				$1.50
Accrued liabilities							304,878		304,878
Interest expenses							644,736	403,789	1,890,871	762,086
Proceeds from Issuance of Private Placement										890,000
Loss on conversion of note payable								-11,085		-11,085
Interest Bearing Liabilities To Vendors [Member]
Percentage of loan agreement, bearing interest rate							8.00%		8.00%		8.00%
Accrued liabilities							410,500		410,500		410,500
Accrued interest									163,300		147,015
Interest expenses							8,187	8,187	8,187	8,187
Maximum [Member]
Warrant exercisable and expire term				23-Jan-19
Issuance of warrants to purchase of common stock		13,333,333
Common stock at an exercise price		$0.08
Minimum [Member]
Warrant exercisable and expire term				23-Sep-18
Warrant [Member]
Warrant extended term									5 years
Fair value of warrants									60,290
Common stock purchase warrants issued for debt issuance costs									477,194
Warrants exercise price reduced									$1.50
Warrant [Member] | Maximum [Member]
Warrant exercisable and expire term									23-Sep-18
Warrant [Member] | Minimum [Member]
Warrant exercisable and expire term									23-Apr-19
Convertible Notes Payable [Member]
Warrant extended term												5 years	5 years	5 years
Debt interest rate												8.00%	8.00%	8.00%
Amortization of debt discount									24,172
Issuance of warrants to purchase of common stock												100,000	25,000	100,000
Common stock at an exercise price												$1.50	$1.50	$1.50
Discount amortized of note and interest expense									13,151
Borrowing total												100,000	25,000	100,000
Convertible notes payable conversion price												$1.50	$1.50	$1.50
Convertible note payable term												180 days	1 year	180 days
Warrants exercise price reduced												$0.50	$0.50	$0.50
Debt discount on notes payable													37,323	143,502
Convertible Notes Payable [Member] | Private Placement [Member]
Warrant extended term											5 years
Debt conversion, description											each consisting of one share of common stock and one half of a common stock purchase warrant at a price of $1.60 per unit
Sale of common stock, shares											556,250
Common stock purchase warrant price, per unit											$1.60
Proceeds from Issuance of Private Placement											890,000
Debt converted the principal amount											125,000
Debt conversion of accrued interest											79,170
Loss on conversion of note payable											11,085
Common stock purchase warrants exercise price, per share											$2.50
Convertible Notes Payable [Member] | individual [Member]
Debt maturity date															30-Apr-14
Debt interest rate	8.00%														8.00%
Borrowing total	10,000														10,000
Convertible Notes Payable [Member] | April 4, 2014 And June 7, 2014 [Member]
Warrant extended term									5 years
Issuance of warrants to purchase of common stock									250,000
Common stock at an exercise price									$1.50
Convertible note payable term									180 days
Warrants exercise price reduced									$0.50
Convertible Notes Payable One [Member]
Amortization of debt discount									93,229
Discount amortized of note and interest expense									50,273
Two Convertible Notes Payable [Member] | April 4, 2014 And June 7, 2014 [Member]
Debt interest rate							8.00%		8.00%
Borrowing total							250,000		250,000
Debt discount on notes payable							278,585		278,585
Convertible Notes Payable Two [Member]
Amortization of debt discount									99,633
Discount amortized of note and interest expense									178,952
Convertible Notes Payable Three [Member]
Amortization of debt discount									47,597
Discount amortized of note and interest expense									$57,923

Debt_Schedule_of_Debt_Outstand

Debt - Schedule of Debt Outstanding (Details) (USD $)	Jun. 30, 2014	Mar. 07, 2014	Dec. 31, 2013	Aug. 28, 2012
Line-of-credit with related party	$32,802		$94,640
Note payable to related party, net of discount, short-term	1,006,761	10,000	265,904	250,000
Notes Payable One [Member]
Note payable to related party, net of discount, short-term	832,060		265,904
Notes Payable Two [Member]
Note payable to related party, net of discount, short-term	11,849
Notes Payable Three [Member]
Note payable to related party, net of discount, short-term	49,727
Notes Payable Four [Member]
Note payable to related party, net of discount, short-term	71,048
Notes Payable Five [Member]
Note payable to related party, net of discount, short-term	$42,077

Debt_Schedule_of_Debt_Outstand1

Debt - Schedule of Debt Outstanding (Details) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Notes Payable One [Member]
Discount unamortized net	$217,940	$784,096
Notes Payable Two [Member]
Discount unamortized net	13,151	0
Notes Payable Three [Member]
Discount unamortized net	50,273	0
Notes Payable Four [Member]
Discount unamortized net	178,952	0
Notes Payable Five [Member]
Discount unamortized net	$57,923	$0

Cancellation_of_Debt_and_Relat1

Cancellation of Debt and Related Obligations and Issuance of Securities in Exchange for Debt (Details Narrative) (USD $)	0 Months Ended
	27-May-14	Feb. 28, 2014	Feb. 28, 2014	Dec. 30, 2013	Apr. 13, 2012	Feb. 28, 2012	Feb. 28, 2014	Jun. 30, 2014	Dec. 31, 2013
Cancellation of exercisable warrants issued to purchase of common stock					931,561
Cancellation of aggregate amount of debt, accrued interest, fees and derivative liability relative to warrants						$21,883,393
Percentage of Series A and Series B Redeemable Convertible Preferred Stock annual dividends convertible to common stock price						6.00%
Percentage of annual dividends convertible to common stock, price per share						$6.50
Closing price of common stock per share						$7.50
Redeemable convertible preferred stock price per share				$100		$100
Common stock, value		375,400	375,400	1,365,000			375,400
Common stock shares		180,192	180,192	3,250,000			180,192
Preferred stock shares series A		15,016		130,000
Additional shares of common stock		45,048		341,250
New Shares issued	100,000		420,448	3,591,250		420,448
Common stock price per share		$4	$4	$4			4	$0.00	$0.00
Additional paid in capital		$1,681,792	$1,681,792	$14,365,000			1,681,792	$106,752,797	$103,742,424
Common Stock [Member]
Stock issued during period for settlement of debt					2,000,000
Series A Redeemable Convertible Preferred Stock [Member]
Stock issued during period for settlement of debt					130,000
Series B Redeemable Convertible Preferred Stock [Member]
Stock issued during period for settlement of debt					15,016
New Shares issued							45,048

Stock_Options_Details_Narrativ

Stock Options (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Stock-based compensation expense in connection with vesting of options granted	$761,967	$1,122,653
Number of options granted	900,000
Stock options, exercise price	$3
Options exercise period ranging	10 years
Number of options immediately vested	300,000
Number of options vested	600,000
Number of option vested description	A total of 300,000 options vested immediately while the remaining 600,000 options vest at a rate of one half for each of the two years thereafter.
Stock options, weighted average fair value	$1.22
Unrecognized compensation cost related to unvested stock options	$529,953
2006 Equity Incentive Plan [Member]
Issuance of reserved common stock, shares	470,000
Stock date of granted expiration period	10 years
All Plan [Member]
Shares available for future grants under all plans	148,463		148,463

Stock_Option_Summary_of_Fair_V

Stock Option - Summary of Fair Value Options (Details)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term (in years)	6 years
Expected stock price volatility	136.00%
Expected dividends
Risk-free rate	1.96%

Stock_Options_Summary_of_Stock

Stock Options - Summary of Stock Option Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Options Outstanding, Beginning	3,399,500
Granted	900,000
Exercised
Forfeited	-95,000
Number of Options Outstanding, Ending	4,204,500
Number of Options Outstanding and exercisable	3,167,833
Weighted Average Exercise Price Per Share Outstanding, Beginning	$4.14
Granted	$3
Exercised
Forfeited	$4.16
Weighted Average Exercise Price Per Share Outstanding, Ending	$3.89
Weighted Average Exercise Price Per Share Outstanding and exercisable	$4.18
Weighted Average Remaining Contractual Term Outstanding, Beginning	6 years 4 months 24 days
Granted	10 years
Weighted Average Remaining Contractual Term Outstanding, Ending	6 years 9 months 18 days
Outstanding and exercisable, Weighted Average Remaining Contractual Term	6 years 2 months 12 days
Aggregate Intrinsic Value Outstanding, Beginning	$389,815
Granted
Exercised
Forfeited
Aggregate Intrinsic Value, Outstanding, Ending	303,910
Outstanding and exercisable, Aggregate Intrinsic Value	$303,910

Derivatives_Warrants_Issued_Re2

Derivatives - Warrants Issued Relative to Note Payables - Schedule of Estimated Fair Value of Derivative Liabilities (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Volatility - range	136.00%
Contractual	6 years
Exercise price	$1.50
Number of warrants in aggragate	1,675,000
Minimum [Member]
Volatility - range	102.00%
Contractual	6 months
Maximum [Member]
Volatility - range	123.00%
Contractual	5 years
Upon Issuance [Member]
Exercise price	$1.50
Number of warrants in aggragate	675,000
Upon Issuance [Member] | Minimum [Member]
Volatility - range	91.00%
Contractual	6 months
Upon Issuance [Member] | Maximum [Member]
Volatility - range	156.00%
Contractual	5 years

Derivatives_Warrants_Issued_Re3

Derivatives - Warrants Issued Relative to Note Payables - Summary of Changes In Fair Value Derivative Financial Instruments (Details) (USD $)	1 Months Ended	6 Months Ended
	Jan. 31, 2014	Jun. 30, 2014	Jun. 30, 2013
Derivatives - Warrants Issued Relative To Note Payables
Beginning balance	$853,365	$853,365
Fair value of warrant derivative at issuance date	477,194	580,056	60,290
Unrealized derivative losses included in other expense		-242,103
Transition of derivative liability to equity			764,982
Ending balance		$1,191,318

Warrants_Details_Narrative

Warrants (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Warrants and Rights Note Disclosure [Abstract]
Weigted average of purchase warrants term	2 years 8 months 5 days	3 years 6 months 15 days

Warrants_Summary_of_Warrant_Op

Warrants - Summary of Warrant Option Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Warrants and Rights Note Disclosure [Abstract]
Outstanding and exercisable, Number of Warrants, Beginning balance	2,137,710
Number of Warrants Issued in conjunction with notes payable	475,000
Number of Warrants Issued in conjunction with line-of-credit	200,000
Number of Warrants Issued in private placement of common stock exercised
Outstanding and exercisable, Number of Warrants, Ending balance	2,812,710
Outstanding and exercisable, Weighted Average Exercise Price Per Share	$2.03
Weighted Average Exercise Price Per Share Issued in conjunction with notes payable	$1.50
Weighted Average Exercise Price Per Share Issued in conjunction with line-of-credit	$1.50
Weighted Average Exercise Price Per Share Issued in private placement of common stock, exercised
Outstanding and exercisable, Weighted Average Exercise Price Per Share	$1.76

Supplemental_Oil_and_Gas_Infor2

Supplemental Oil and Gas Information (Details Narrative)	6 Months Ended
	Jun. 30, 2014
	acre
Oil and Gas Property [Abstract]
Unevaluated costs	1,400,000

Supplemental_Oil_and_Gas_Infor3

Supplemental Oil and Gas Information - Schedule of Oil Gas Acquisition Exploration And Development Activities (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Oil and Gas Property [Abstract]
Proved
Unproved
Total property acquisition costs
Development costs
Exploration costs	185,622
Total costs	$185,622

Supplemental_Oil_and_Gas_Infor4

Supplemental Oil and Gas Information - Schedule of Oil And Gas Producing Activities Related Accumulated Depreciation (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Oil and Gas Property [Abstract]
Proved oil and gas properties
Unproved oil and gas properties	10,662,836	10,477,214
Total	10,662,836	10,477,214
Less accumulated depreciation, depletion, amortization and ceiling write-downs
Less amount allocated to revenue sharing interest granted to Note holder for extension of maturity date (See Note 2)	-482,369
Net capitalized costs	$10,180,467	$10,477,214

Supplemental_Oil_and_Gas_Infor5

Supplemental Oil and Gas Information - Schedule of Oil And Gas Property Costs Not Being Amortized (Details) (USD $)	Jun. 30, 2014
Oil and Gas Property [Abstract]
2014 (through March 31, 2014)	$185,622
2013	6,051,411
2012	581,723
2011	731,347
Prior	3,112,733
Total costs not being amortized	$10,662,836

Commitments_and_Contingencies_1

Commitments and Contingencies (Details Narrative) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

27-May-14

Feb. 28, 2014

Dec. 30, 2013

Sep. 23, 2013

Feb. 28, 2012

Oct. 13, 2011

Nov. 08, 2010

Sep. 08, 2009

Jun. 06, 2009

Mar. 23, 2009

Oct. 31, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2009

Integer

Integer

Letters of credit

$851,550

Letters of credit expiration date

31-Jan-14

Minimum cash requirements after approval

5,415,000

Minimum cash requirements after approval relating to seismic

4,945,000

Minimum cash requirements after approval relating to training and area fees

470,000

Minimum working capital requirements

315,000

315,000

Secured subordinated promissory notes

1,275,000

Percentage of revenue sharing Interest

1.00%

Amount funded by Off-Shore

1,275,000

Percentage of payment of revenue to Off-Shore

1.00%

Percentage of payment of revenue to officers and directors

1.00%

Percentage of payment of revenue to Jeff Roberts

1.00%

Percentage of payment of revenue to Thompson Knight Global Energy Services

1.00%

Notes payable principal balance

1,050,000

1,050,000

Percentage of Upfront fee needs to pay to parent on basis of $20 million

5.00%

Percentage of upfront fee need to pay to parent on basis of excess revenue $20 million

10.00%

Percentage of success fee needs to pay to affiliates for remaining cash investments

2.00%

Revenue sharing agreement description

the Company agreed to compensate Thompson Knight a success fee of 5% of the upfront cash fee paid to Infinity by a third party earning an interest in the Nicaragua asset up to $20 million and 10% of any amount exceeding the $20 million. A 2% success fee would be paid to Thompson Knight of the remaining cash investment in subsequent years.

Reclamation costs

30,000

Payment for legal settlements

45,103

Total estimated liability relating to all operating wells

780,000

780,000

Number of operated oil and gas wells

26

26

Estimated liability relating each operating well

30,000

30,000

Default judgment granted against the company

445,521

304,921

125,000

Number of common stock shares issued for litigation settled

100,000

420,448

3,591,250

420,448

Proceeds from Issuance of Common Stock

10,000

10,000

Accrued liability

304,878

304,878

Gain on settlement of litigation

179,877

179,877

Cambrian Consultants America, Inc [Member]

Default judgment granted against the company

96,877

Maximum [Member]

Estimated actual cost of seismic for acreage

8,000,000

Estimated actual cost of seismic for acreage period

24 months

Minimum [Member]

Estimated actual cost of seismic for acreage

5,937,013

Estimated actual cost of seismic for acreage period

18 months

Perlas [Member]

Exploration concession term

30 years

Letters of credit

443,100

443,100

Letters of credit expiration date

31-Mar-14

Tyra [Member]

Exploration concession term

30 years

Letters of credit

$408,450

$408,450

Letters of credit expiration date

30-Sep-14

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Minimum Exploration Work Commitment and Relinquishments by Individual Blocks (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Sub-Period1 [Member] | Block Perlas [Member]
Duration	2 years
Minimum Work Commitment	- Environmental Impact Study
	- Acquisition & interpretation of 333km of new 2D seismic
	- Acquisition, processing & interpretation of 667km of new 2D seismic (or equivalent in 3D)
Minimum Relinquishments	26km2
Irrevocable Guarantee	$443,100
Sub-Period1 [Member] | Block Tyra [Member]
Duration	1 year 6 months
Minimum Work Commitment	- Environmental Impact Study
	- Acquisition & interpretation of 667km of existing 2D seismic
	- Acquisition of 667km of new 2D seismic (or equivalent in 3D)
Minimum Relinquishments	26 km2
Irrevocable Guarantee	408,450
Sub-Period 2 Optional [Member] | Block Perlas [Member]
Duration	1 year
Minimum Work Commitment	- Acquisition, processing & interpretation of 200km2 of 3D seismic
Minimum Relinquishments	53 km2
Irrevocable Guarantee	1,356,227
Sub-Period 2 Optional [Member] | Block Tyra [Member]
Duration	6 months
Minimum Work Commitment	- Processing & interpretation of the 667km 2D seismic (or equivalent in 3D) acquired in the previous sub-period
Minimum Relinquishments	40 km2
Irrevocable Guarantee	278,450
Sub-Period 3 Optional [Member] | Block Perlas [Member]
Duration	1 year
Minimum Work Commitment	- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower
Minimum Relinquishments	80 km2
Irrevocable Guarantee	10,220,168
Sub-Period 3 Optional [Member] | Block Tyra [Member]
Duration	2 years
Minimum Work Commitment	- Acquisition, processing & interpretation of 250km2 of new 3D seismic
Minimum Relinquishments	160 km2
Irrevocable Guarantee	1,818,667
Sub-Period 4 Optional [Member] | Block Perlas [Member]
Duration	2 years
Minimum Work Commitment	- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower
	- Geochemical analysis
Minimum Relinquishments	All acreage except areas with discoveries
Irrevocable Guarantee	10,397,335
Sub-Period 4 Optional [Member] | Block Tyra [Member]
Duration	2 years
Minimum Work Commitment	- Drilling of one exploration well to the Cretaceous or 3,500m, whichever is shallower
	- Geochemical analysis
Minimum Relinquishments	All acreage except areas with discoveries
Irrevocable Guarantee	$10,418,667

Commitments_and_Contingencies_3

Commitments and Contingencies - Schedule of Contractual and Fiscal Terms (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Amount of contract per year, per block	$50,000
Natural Gas Royalties	Market value at production
Percentage of Natural Gas Royalties	5.00%
Corporate Tax	30.00%
Percentage of social contribution of net profit	3.00%
Percentage of social contribution of net profit for each autonomous region	1.50%
Investment Protection	ICSID arbitration
	OPIC insurance
Factor One [Member]
Royalties recovery factor, minimum	0
Royalties recovery factor, maximum	1.5
Percentage of royalties	5.00%
Factor Two [Member]
Royalties recovery factor, minimum	1.5
Royalties recovery factor, maximum	3
Percentage of royalties	10.00%
Factor Three [Member]
Royalties recovery factor, maximum	3
Percentage of royalties	15.00%
Period One [Member]
Period of area fee per hectare, minimum	1 year
Period of area fee per hectare, maximum	3 years
Area fee per hectare	$0.05
Period Two [Member]
Period of area fee per hectare, minimum	4 years
Period of area fee per hectare, maximum	7 years
Area fee per hectare	$0.10
Period Three [Member]
Period of area fee per hectare, maximum	8 years
Area fee per hectare	$0.15

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	0 Months Ended									1 Months Ended	6 Months Ended		0 Months Ended
	27-May-14	Mar. 07, 2014	Feb. 28, 2014	Dec. 30, 2013	Dec. 27, 2013	Sep. 23, 2013	Sep. 23, 2013	Aug. 28, 2012	Feb. 28, 2012	Jan. 31, 2014	Jun. 30, 2014	Jun. 30, 2013	Feb. 28, 2014	Dec. 31, 2013	Apr. 13, 2012
Billing for CFO staff for consideration of office services											$0	$0
Aggregate amount of off-shore subordinated loan															1,275,000
Exchange of shares owned			375,400
Additional shares issued	100,000		420,448	3,591,250					420,448
Value of additional shares issued			1,681,792
Issuance price per share			$4
Accrued compensation to related parties											1,115,208			1,034,708
Company borrowed amount by issued a short-term note payable		10,000						250,000			1,006,761			265,904
Percentage of ownership held by board member								49.00%
Debt instrument, interest rate		8.00%						8.00%
Notes maturity date		30-Apr-14			7-Apr-15		23-Nov-13	28-Feb-13
Issuance of warrants to purchase common stock						250,000	250,000	120,000
Issuance of warrants common stock purchase price per share						$1.50	$1.50	$2.50						$1.50
Warrant expiration date								31-Aug-17
Line of credit facility, borrowing capacity						50,000	50,000							100,000
Line of credit facility, interest rate						8.00%	8.00%
Line of credit facility, expiration date						31-Jan-14
Fair value of warrants										477,194	580,056	60,290
Warrant extended term						5 years
Warrants exercise price reduced						$1.50
Minimum [Member]
Warrant expiration date						23-Sep-18
Maximum [Member]
Warrant expiration date						23-Jan-19
Series B Redeemable Convertible Preferred Stock [Member]
Exchange of shares owned													15,016
Preferred stock liquidation and par value			100								0		100	1,501,600
Additional shares issued													45,048
Value of additional shares issued													180,192
CFO's Firm [Member]
Due to related party for consideration of services											$767,407			$767,407

Subsequent_Event_Details_Narra

Subsequent Event (Details Narrative) (USD $)

0 Months Ended

6 Months Ended

0 Months Ended

Mar. 07, 2014

Feb. 28, 2014

Dec. 27, 2013

Sep. 23, 2013

Sep. 23, 2013

Aug. 28, 2012

Oct. 13, 2011

Nov. 08, 2010

Jun. 30, 2014

Dec. 08, 2014

Oct. 13, 2014

Dec. 27, 2013

Dec. 31, 2013

Unsecured credit

$1,050,000

$1,050,000

Unsecured credit maturity date

12-Mar-14

Unsecured credit expiration periods

May 9, 2014 to December 7, 2014

Issuance price per share

$4

Expiration date

30-Apr-14

7-Apr-15

23-Nov-13

28-Feb-13

Issuance of warrants to purchase common stock

250,000

250,000

120,000

Issuance of warrants common stock purchase price per share

$1.50

$1.50

$2.50

$1.50

Warrants exercise price reduced

$1.50

Warrant extended term

5 years

Legal settlement amount

445,521

304,921

125,000

Line of Credit [Member]

Expiration date

28-Feb-15

Issuance of warrants to purchase common stock

200,000

Amount outstanding on line of credit

32,802

Warrants term

5 years

Line of Credit [Member] | Minimum [Member]

Issuance of warrants common stock purchase price per share

$1

Line of Credit [Member] | Maximum [Member]

Issuance of warrants common stock purchase price per share

$1.50

Two Promissory Note [Member]

Expiration date

28-Feb-15

Cash proceeds from issuance of notes

100,000

Issuance of warrants to purchase common stock

150,000

Issuance of warrants common stock purchase price per share

$1

Warrants term

5 years

Promissory Note [Member]

Expiration date

28-Feb-15

Issuance of warrants to purchase common stock

450,000

Issuance of warrants common stock purchase price per share

$1

Warrants exercise price reduced

$1

Modified existing warrant agreements covering of shares

450,000

Warrants term

5 years

Warrant extended term

5 years

Warrant [Member]

Warrants exercise price reduced

$1.50

Warrant extended term

5 years

Subsequent Event [Member]

Area of land

1,400,000

Legal settlement amount

96,877

Subsequent Event [Member] | Minimum [Member]

Percentage of undivided working interest

20.00%

Percentage of net revenue interest

80.00%

Subsequent Event [Member] | Maximum [Member]

Percentage of undivided working interest

30.00%

Percentage of net revenue interest

80.00%

Subsequent Event [Member] | Warrant [Member]

Issuance of warrants to purchase common stock

1,000,000

Issuance of warrants common stock purchase price per share

$1.50

Number of shares issuable under the Warrant increases

13,333,333

Warrants exercise price reduced

$0.08

Definitive Revenue Sharing Agreement [Member]

Legal expenses

$25,000

Revenue sharing percentage

1.00%