Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 1 The interim unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and should be read in conjunction with the audited financial statements and notes thereto for the years ended December 31, 2019 2018 10 September 24, 2020. three nine September 30, 2020 not December 31, 2019 2018 Principles of Consolidation Our consolidated financial statements include our accounts and the accounts of our 100% Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that ( 1 2 3 Basic and Diluted Loss per share Net loss per share is provided in accordance with FASB ASC 260 10, three September 30, 2020 2019, 148,328 142,446 nine September 30, 2020 2019, 148,328 142,446 The reconciliation of basic and diluted loss per share is as follows: Three months ended Nine months ended September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Basic net loss $ (337,632 ) $ (216,063 ) $ (575,017 ) $ (261,594 ) Add back: Gain on change in fair value of derivative liabilities - - (22,252 ) (465,575 ) Diluted net loss $ (337,632 ) $ (216,063 ) $ (597,269 ) $ (727,169 ) Basic and dilutive shares: Weighted average basic shares outstanding 18,014,580 17,689,993 17,925,910 17,536,065 Shares issuable from convertible credit line payable - - 148,328 142,446 Dilutive shares 18,014,580 17,689,993 18,074,238 17,678,511 Loss per share: Basic $ (0.02 ) $ (0.01 ) $ (0.03 ) $ (0.01 ) Diluted $ (0.02 ) $ (0.01 ) $ (0.03 ) $ (0.04 ) Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three Level 1 Level 2 Level 3 The carrying amount of the Company's financial instruments consisting of cash and cash equivalents, accounts payable, notes payable and convertible notes approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Recently Issued Accounting Standards Not The Company has reviewed all recently issued, but not no Revision of Prior Period Financial Statement s In 2020, 10Q nine September 30, 2019. Based on an analysis of Accounting Standards Codification (“ASC”) 250 250” 108 108” no not may September 30, 2019 three nine September 30, 2019 nine September 30, 2019. The tables below summarize previously reported amounts and the adjusted presentation of the consolidated balance sheet and consolidated statements of operations and cash flows for the affected periods: ALPHA ENERGY, INC. CONSOLIDATED BALANCE SHEET (Unaudited) September 30, 2019 As Reported Adjustment As Revised Current assets Cash $ 5,350 $ - $ 5,350 Total current assets 5,350 - 5,350 Oil and gas property, unproved, full cost 37,591 (27,591 ) 10,000 Total assets $ 42,941 $ (27,591 ) $ 15,350 Liabilities and Stockholders' Deficit Current liabilities Accounts payable $ 327,907 $ (123,591 ) $ 204,316 Interest payable 26,865 - 26,865 Short term advance from related party 397 - 397 Short term note payable 50,000 - 50,000 Derivative liability 142,446 (50,534 ) 91,912 Total current liabilities 547,615 (174,125 ) 373,490 Convertible credit line payable - related party, net of discount of $27,275 133,314 (18,143 ) 115,171 Asset retirement obligation 767 - 767 Total liabilities 681,696 (192,268 ) 489,428 Stockholders' deficit Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding - - - Common stock, $0.0001 par value; 65,000,000 shares authorized; 17,734,428 issued and outstanding at September 30, 2019 1,764 11 1,775 Additional paid in capital 1,517,457 149,549 1,667,006 Accumulated deficit (2,157,976 ) 15,117 (2,142,859 ) Total stockholder deficit (638,755 ) 164,677 (474,078 ) Total liabilities and stockholders' deficit $ 42,941 $ (27,591 ) $ 15,350 ALPHA ENERGY, INC. CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) For the nine months ended September 30, 2019 As Reported Adjustment As Revised Oil & gas sales $ 3,857 $ - $ 3,857 Lease operating expenses 5,069 - 5,069 Gross loss (1,212 ) - (1,212 ) Operating expenses: Professional services 29,874 - 29,874 Board of directors fees 144,000 - 144,000 General and administrative 437,061 20,000 457,061 Impairment loss 70,000 (20,000 ) 50,000 Total operating expenses 680,935 - 680,935 Loss from operations (682,147 ) - (682,147 ) Other income (expense): Interest expense (45,498 ) 476 (45,022 ) Gain (loss) on change in fair value of derivative liabilities 475,902 (10,327 ) 465,575 Total other income (expense) 430,404 (9,851 ) 420,553 Net loss $ (251,743 ) $ (9,851 ) $ (261,594 ) Loss per share: Basic $ (0.01 ) $ - $ (0.01 ) Diluted $ (0.01 ) $ (0.03 ) $ (0.04 ) Weight average shares common share outstanding: basic and diluted Basic 17,500,432 35,633 17,536,065 Diluted 17,500,432 178,079 17,678,511 ALPHA ENERGY, INC. CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) For the three months ended September 30, 2019 As Reported Adjustment As Revised Oil & gas sales $ 873 $ - $ 873 Lease operating expenses 254 - 254 Gross loss 619 - 619 Operating expenses: Professional services 5,004 - 5,004 Board of directors fees 144,732 (96,732 ) 48,000 General and administrative 48,000 94,232 142,232 Total operating expenses 197,736 (2,500 ) 195,236 Loss from operations (197,117 ) 2,500 (194,617 ) Other expense: Interest expense (7,571 ) (9,261 ) (16,832 ) Loss on change in fair value of derivative liabilities - (4,614 ) (4,614 ) Total other expense (7,571 ) (13,875 ) (21,446 ) Net loss $ (204,688 ) $ (11,375 ) $ (216,063 ) Loss per share: Basic $ (0.01 ) $ - $ (0.01 ) Diluted $ (0.01 ) $ - $ (0.01 ) Weight average shares common share outstanding: basic and diluted Basic 17,390,224 299,769 17,689,993 Diluted 17,390,224 299,769 17,689,993 ALPHA ENERGY, INC. STATEMENT OF CASH FLOWS (Unaudited) For the nine months ended September 30, 2019 As Reported Adjustments As Revised Cash flows from operation activities Net loss $ (251,743 ) $ (9,851 ) $ (261,594 ) Adjustments to reconcile net loss to net cash used in operating activities Stock-based compensation 160,000 144,000 304,000 Amortization of debt discount 30,112 (476 ) 29,636 (Gain) loss on change in fair value of derivative liabilities (475,902 ) 10,327 (465,575 ) Impairment loss 70,000 (20,000 ) 50,000 Asset retirement obligation expense 57 - 57 Change in operating assets and liabilities: Accounts payable 319,325 (128,171 ) 191,154 Accounts payable related party - (6,579 ) (6,579 ) Interest payable 15,386 - 15,386 Net cash used in operating activities (132,765 ) (10,750 ) (143,515 ) Cash flows from investing activities Deposit for purchase of oil and gas properties (47,591 ) 47,591 - Net cash used in investing activities (47,591 ) 47,591 - Cash flows from financing activities Advances from related party 19,841 (19,841 ) - Payment on convertible credit line payable - related party (7,000 ) (4,000 ) (11,000 ) Proceeds from convertible credit line payable - related party 13,000 (13,000 ) - Proceeds from sale of stock 213,000 - 213,000 Repayments of related party advances (53,375 ) - (53,375 ) Net cash provided by financing activities 185,466 (36,841 ) 148,625 Net change in cash and cash equivalents 5,110 - 5,110 Cash and cash equivalent, beginning of period 240 - 240 Cash and cash equivalent, end of period $ 5,350 $ - $ 5,350 Supplemental disclosure of non-cash financing activities Stock issued for accrued compensation $ 536,701 $ (536,701 ) $ - Non cash short term loan payable $ - $ 50,000 $ 50,000 Expenses paid on behalf of the Company by related party $ - $ 42,406 $ 42,406 Debt discount on convertible credit line payable - related party $ - $ 7,568 $ 7,568 |