Empire Petroleum (EP) 10-K 27 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 01, 2015
Document And Entity Information
Entity Registrant Name	Empire Petroleum Corporation
Entity Central Index Key	887396
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$1,100,439
Entity Common Stock, Shares Outstanding		8,710,609
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$82	$2,926
Accounts receivable (net of allowance of $3,750)	0	0
Prepaid expenses and other current assets	0	2,200
Total current assets	82	5,126
Property & equipment less accumulated depreciation	0	223,465
Total assets	82	228,591
Current liabilities:
Accounts payable and accrued liabilities	228	572
Notes payable - related party	0	91,580
Total current liabilities	228	92,152
Stockholders' equity:
Common stock - $.001 par value 150,000,000 shares authorized, 7,630,609 shares issued and outstanding, respectively	7,630	7,630
Additional paid in capital	14,716,533	14,616,533
Accumulated deficit	-14,724,309	-14,487,724
Total stockholders' equity	-146	136,439
Total liabilities and stockholders' equity	$82	$228,591

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Stockholders' equity:
Common stock par value	$0.00	$0.00
Common stock shares authorized	150,000,000	150,000,000
Common stock shares issued	7,630,609	7,630,609
Common stock shares outstanding	7,630,609	7,630,609

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Petroleum Sales	$0	$0
Costs and expenses:
Lease abandonment expense	31,750	0
Production & operating	35,887	36,756
General & administrative	154,326	191,067
Total costs and expenses	221,963	227,823
Operating loss	-221,963	-227,823
Other income and (expense):
Net loss on transfer of assets and extinguishment of note payable	-11,471	0
Interest expense	-3,151	0
Total other income (expense)	-14,622	0
Net loss	($236,585)	($227,823)
Net loss per common share, basic and diluted	($0.03)	($0.03)
Weighted average number of common shares outstanding	7,630,609	7,630,609

Statements_Of_Changes_In_Stock

Statements Of Changes In Stockholders’ Equity (Deficit) (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, amount at Dec. 31, 2012	$7,630	$14,566,533	($14,259,901)	$314,262
Beginning Balance, shares at Dec. 31, 2012	7,630,609
Value of services contributed by employee	0	50,000	0	50,000
Net loss	$0	$0	($227,823)	($227,823)
Ending Balance, amount at Dec. 31, 2013	7,630	14,616,533	-14,487,724	136,439
Ending Balance, shares at Dec. 31, 2013	7,630,609
Value of services contributed by employee	0	50,000	0	50,000
Sale of call option	0	50,000	0	50,000
Net loss	$0	$0	($236,585)	($236,585)
Ending Balance, amount at Dec. 31, 2014	$7,630	$14,716,533	($14,724,309)	($146)
Ending Balance, shares at Dec. 31, 2014	7,630,609

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	($236,585)	($227,823)
Adjustments to reconcile net loss to net cash used in operating activities:
Value of services contributed by employee	50,000	50,000
Net loss on transfer of assets and extinguishment of note payable	11,471	0
Lease abandonment	31,750	0
Change in operating assets and liabilities:
Accounts receivable and other assets	-14,007	79,066
Prepaid expenses	0	-1,100
Accounts payable and accrued liabilities	2,807	-9,563
Net cash used in operating activities	-154,564	-109,420
Cash flows from financing activities:
Proceeds from call option agreement	50,000	0
Proceeds from related party note payable	101,720	91,580
Net cash provided by financing activities	151,720	91,580
Net increase (decrease) in cash	2,844	-17,840
Cash - Beginning of period	2,926	20,766
Cash - End of period	82	2,926
Note payable extinguished with transfer of assets	193,300	0
Transfer of property for extinguishment of note payable	$191,715	$0

Continuing_Operations

Continuing Operations	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
1. Continuing Operations	The Company’s ability to continue as a going concern is dependent upon the existence and discovery and development of economically recoverable oil and gas reserves and is dependent upon the company obtaining necessary financing to carry out its exploration and development program, and upon the ability to attain future profitable production. The Company has been incurring significant losses in recent years.
	The continuation of the Company is dependent upon the ability of the Company to attain future profitable operations. These financial statements have been prepared on the basis of United States generally accepted accounting principles applicable to a company with continuing operations, which assume that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its obligations in the normal course of operations. Management believes the going concern assumption to be appropriate for these financial statements. If the going concern assumption were not appropriate for these financial statements, then adjustments might be necessary to the carrying value of assets and liabilities, reported expenses and the balance sheet classifications used.

Significant_Accounting_Policie

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
2. Significant Accounting Policies	The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
	The financial statements have been retroactively adjusted to reflect the August 12, 2013 stock split of the Company’s Common Stock (see Note 4). Unless otherwise noted, the share and per share amounts of Common Stock and Options disclosed in these notes to the financial statement have been presented on a post-split basis.
	(a) Capital assets:
	The Company uses the successful efforts method of accounting for its oil and gas activities. Costs incurred are deferred until exploration and completion results are evaluated. At such time, costs of activities with economically recoverable reserves are capitalized as proven properties, and costs of unsuccessful or uneconomical activities are expensed.
	Capitalized drilling costs are reviewed periodically for impairment. Costs related to impaired prospects or unsuccessful exploratory drilling are charged to expense. Management’s assessment of the results of exploration activities, commodity price outlooks, planned future sales or expiration of all or a portion of such leaseholds impact the amount and timing of impairment provisions. An impairment expense could result if oil and gas prices decline in the future as it may not be economical to develop some of these unproved properties.
	(b) Per share amounts:
	The Company calculates and discloses basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). The computation of basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of outstanding common shares during the period.
	Diluted Earnings per Share (“EPS”) gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on losses. As a result, if there is a loss from continuing operations, Diluted EPS is computed in the same manner as Basic EPS. At December 31, 2014 and 2013, the Company had, respectively, 6,250 and 60,417 post-split options outstanding, that were not included in the calculation of earnings per share for the periods then ended. Such financial instruments may become dilutive and would then need to be included in future calculations of Diluted EPS. At December 31, 2014 and 2013, the outstanding options were considered anti-dilutive since the strike prices were above the market price and since the Company has incurred losses year to date.
	(c) Income taxes:
	The Company accounts for income taxes in accordance with the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to the taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is established if management determines it is more likely than not that some portion of a deferred tax asset will not be realized.
	(d) Financial instruments:
	The carrying value of current assets and current liabilities approximate their fair value due to the relatively short period to maturity of the instruments.
	(e) Stock option plan:
	The Company expenses options granted over the vesting period based on the grant date fair value of the award.
	(f) Obligations associated with the retirement of assets:
	The Company follows Financial Accounting Standards Board (FASB) guidance on accounting for asset retirement obligations, which among other matters, addresses financial accounting and reporting for legal obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. This guidance requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred, with the associated asset retirement cost capitalized as part of the related asset and allocated to expense over the asset’s useful life. The Company applies its analysis to producing wells.
	(g) Recent Accounting Pronouncements:
	FASB periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncement and concluded that the following new accounting standard is applicable:
	In May 2014, the FASB issued ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)”. This guidance was issued to clarify the principles for recognizing revenue and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). The guidance is effective for the fiscal years and interim periods within those years beginning after December 15, 2016. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s financial statements.

Property_and_equipment

Property and equipment	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
3. Property and equipment	In 2003, the Company acquired a 10% interest in the Gabbs Valley Prospect of Western Nevada by issuing 166,667 shares of Company stock. The Company has recorded its investment at $200,000. In 2005, the Company conducted a seismic survey of the Gabbs Valley Prospect. Based on the results of the seismic survey, during 2006, the Company entered into an agreement to increase its working interest in the prospect to 40% by paying $675,000 plus 55% of the drilling costs through completion. The Company contracted a drilling rig, which commenced drilling the Empire Cobble Cuesta 1-12-12N-34E, Nye County, Nevada in September 2006. After reaching a depth of 5,195 feet the Company ceased drilling operations, ran electronic logs, installed a wellhead, and
	conditioned the hole so that it might be re-entered or deepened at a later date. In April 2007, the Company re-entered the well and based on the results of drill stem tests, determined that the formation was very sensitive to the mud and water used in drilling the test well, causing clogs in the formation to swell which prevented any oil which might be present to flow into the well bore. The total gross acres of this prospect was increased to 92,826 acres by the acquisition of 30,917 acres from the U.S. Department of Interior in June 2006, at a cost of $36,689, the acquisition of 9,943.91 acres in September 2008, at a cost of $13,025 and the acquisition of 7,680 acres in September 2009, at a cost of $12,615. The Company increased its interest to 57% in the prospect leases in 2007 when one of the joint participants elected to surrender its 30% interest. The Company and the remaining joint owners assumed liabilities of approximately $68,000 to acquire the interest.
	In 2010, the Company drilled a test well in the Paradise Unit of the Gabbs Valley Prospect to a depth of 4,250 feet. The well produced small amounts of oil containing paraffin which may have restricted oil flow. A co-owner of the lease elected to take over the lease and well, including remediation of the site and as of December 31, 2010, the Company had expensed $2,255,493 of intangible drilling costs related to the Paradise Unit test well. Also in 2010, the Company sold a 7% working interest in the Gabbs Valley Prospect for $700,000. In December 2011, the Company acquired leases on 3,840 acres of undeveloped land in Nye County, Nevada, which are a part of the Gabbs Valley Prospect. As of December 31, 2012, the Gabbs Valley Prospect consisted of approximately 34,186 gross acres of federal leases located in Nye County, Nevada, of which the Company owned a 50% working interest in 30,346 gross acres and an 88.5% in 3,840 gross acres.
	On December 30, 2014 the Company exchanged its leasehold interests in the Gabbs Valley Prospect in exchange for the debt owed to the Albert E. Whitehead Living Trust. See Note 9.
	The Company’s other property and equipment, totaling $2,561 at December 31, 2013, consists entirely of office furniture, fixtures and equipment, which are fully depreciated.

Capital_Stock

Capital Stock	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
4. Capital Stock	At the Company’s annual stockholders’ meeting on July 10, 2013, stockholders approved a proposal to allow the Company’s Board of Directors to authorize a one-for-twelve reverse stock split. The Board of Directors approved the reverse stock split on July 29, 2013 which became effective August 12, 2013. The reverse split did not change the authorized number of shares of Common Stock of the Company or the par value of the Common Stock.
	On March 4, 2014, the Company, Albert E. Whitehead and Sierra Nevada Oil LLC (“Sierra”) entered into a Call Option Agreement (the “Call Option Agreement”). The Call Option Agreement provided Sierra with a call option to purchase 4,000,000 shares of common stock of the Company at a price of (i) $0.25 per share or an aggregate of $1,000,000, less (ii) the $50,000 paid by Sierra to the Company as consideration for the Call Option Agreement. The Call Option Agreement also provided that, if the Call Option is exercised by Sierra, Albert E. Whitehead, the Company’s Chief Executive Officer and the Chairman of the Company’s Board of Directors, would take commercially reasonable efforts to cause the current members of the Company’s Board of Directors, Albert E. Whitehead, Montague H. Hackett, Jr. and Kevin R. Seth, to resign from the Company’s Board of Directors and three of Sierra’s designees to be appointed to the Company’s Board of Directors.
	On June 27, 2014, the parties to the Call Option Agreement agreed to extend the date by which Sierra may exercise the call option to September 1, 2014. The call option was not exercised by September 1, 2014 therefore expired.

Stock_options

Stock options	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
5. Stock options	Under a stock option plan adopted in 1995, the Company had the discretion to grant options for up to 1,600,000 shares of common stock until May 15, 2005, at which time the plan terminated except to the extent necessary to govern outstanding options. Stock options granted under the plan vest on grant date and expire ten years from the date of grant plus 30 days. The exercise price of the options is the fair value on the date of grant.
	At the Company’s 2006 Annual Meeting of Stockholders, the stockholders approved the 2006 Stock Incentive Plan (the “Plan”). The Plan permits the issuance of stock options, restricted stock awards, and performance shares to employees, officers, directors, and consultants of the Company. Initially, and until such time as the Board creates a Compensation Committee, the Board of Directors will administer the Plan. The total number of shares of common stock that may be issued pursuant to awards under the Plan is 5,000,000. Under the Plan, no participant may receive awards of stock options that cover in the aggregate more than 500,000 shares of common stock in any fiscal year. Unless terminated by the Board, or upon the granting of awards covering all of the shares subject to the Plan, the Plan shall terminate on June 5, 2016.
	The Company expenses the cost of options granted over the vesting period of the option based on the grant-date fair value of the award. For the year ended December 31, 2014 and 2013, the Company recognized no expense related to options granted under the Plan.
	Fair values were estimated at the date of grants of the options for options issued in prior years, using the Black-Scholes option valuation model. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. For purposes of determining the expected life of the options, the Company utilizes the Simplified Method as defined in Staff Accounting Bulletin No. 107 issued by the Securities and Exchange Commission.
	In addition options valuation models require the input of highly subjective assumptions including stock price volatility.
	As of December 31, 2014, there was no unrecognized compensation expense related to nonvested share-based compensation arrangements under the Plan.
	A summary of the Company’s Incentive Plan as of December 31, 2014 and changes during the year is presented below:
		Pre-Split		Post-Split		Weighted Average
		Options		Options		Exercise Price
	Outstanding at Beginning of Year 2013	1,245,000				$0.14
	Reverse Split as of August 12, 2013	1,245,000		103,750		$1.71
	Granted	0		0
	Cancelled or Exercised	-520,000		-43,333		$1.55
	Outstanding at End of Year 2013	725,000		60,417		$1.82
	Granted	0		0
	Cancelled or Exercised	-650,000		-54,167		$1.73
	Outstanding at End of Year 2014	75,000		6,250		$2.56
	The following table summarizes information about stock options outstanding at December 31, 2014:
		Options Outstanding		Options Exercisable
			Weighted
			Average	Weighted		Weighted
	Range of	Number	Remaining	Average	Number	Average
	Exercise	Outstanding	Contractual	Exercise	Exercisable	Exercise
	Prices	at 12/31/14	Life	Price	at 12/31/14	Price
	$1.44 - $3.12	6,250	4.71 years	$2.56	6,250	$2.56

Income_taxes

Income taxes	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
6. Income taxes
	The provision for income taxes differs from the amount obtained by applying the Federal income tax rate of 34% to income before income taxes. The difference relates to the following items:
			2014		2013
	Statutory tax rate		34%		34%
	Expected tax benefit	$	-80,000	$	-77,000
	Benefit of losses not recognized		80,000		77,000
	Tax provision (benefit) as reported	$	0	$	0
	The components of deferred income taxes at December 31, 2014 are as follows:
			2014		2013
	Deferred tax assets:
	Loss carry-forwards	$	2,700,000	$	2,500,000
	Valuation allowance		-2,700,000		-2,500,000
			0		0
	Deferred tax liabilities:
	Property and equipment		0		0
	Net deferred taxes	$	0	$	0
	At December 31, 2014, the Company had net operating loss carryforwards of approximately $8,357,000 which expire beginning in 2015.
	Utilization of the Company’s loss carryforwards is dependent on realizing taxable income. Deferred tax assets for these carryforwards have been reduced by a valuation allowance up to an amount equal to estimated deferred tax liability.
	The Company is no longer subject to income tax examinations by tax authorities for years before 2011. The Company is not currently the subject of any income tax examinations by any tax authorities.
	Based upon a review of its income tax filing positions, the Company believes that its positions would be sustained upon an audit and does not anticipate any adjustments that would result in a material change to its financial position. Therefore, no reserves for uncertain income tax positions have been recorded. The Company recognizes interest related to income taxes as interest expense and penalties as operating expenses.

Oil_Sale_Revenue

Oil Sale Revenue	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
7. Oil Sale Revenue	The Company currently records revenue from petroleum sales when received from the operator of the well. Petroleum sales are reported net of working interest and overriding royalty amounts due. Prior to 2006, the Company was responsible for distributing allocable portions of oil sale revenue to working interest and royalty owners for production in the Cheyenne River Prospect. Accordingly, a liability for estimated royalty payments was recorded when oil sale proceeds were received since a division order had not been completed, certain amounts were credited to royalties payable until the division order issue was resolved.

Operating_lease

Operating lease	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
8. Operating lease	Until December 31, 2014, the Company leases office space under an operating lease agreement with an unrelated party. Monthly lease payments were $1,100.
	Rent expense for each of the years ended December 31, 2014 and 2013 was $13,200 and $13,200, respectively.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
9. Related Party Transactions	During 2014 and 2013, the Whitehead Trust advanced loans to the Company in the following transactions:
	·                     During 2014, the Whitehead Trust advanced the Company $101,720
	·                     As of December 31, 2013, the Whitehead Trust loaned the Company $91,580 in exchange for the issuance of a promissory note, which accrued interest at an annual rate of four percent.
	On December 30, 2014 the Company exchanged its leasehold interests in the Gabbs Valley Prospect to Mr. Whitehead in exchange for the debt owed to the Whitehead Trust. At the date of the exchange, the Company’s interest in the Gabbs Valley Prospect was recorded at $191,715. The Company also transferred its related receivables for a partner’s portion of lease rentals of $14,007 and the office lease deposit of $2,200. The debt owed to the Whitehead Trust was recorded at $193,300 plus interest due of $3,151.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
10. Subsequent Events	In February 2015, the Company raised $135,000 of net proceeds by selling 1,080,000 shares of newly issued stock along with warrants to purchase 540,000 shares of Common Stock, which subject to certain restrictions can be exercised until February 28, 2017 at an exercise price of $0.25 per share. The Company plans to use the proceeds for exploratory development and general working capital obligations.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies Policies
Capital assets	The Company uses the successful efforts method of accounting for its oil and gas activities. Costs incurred are deferred until exploration and completion results are evaluated. At such time, costs of activities with economically recoverable reserves are capitalized as proven properties, and costs of unsuccessful or uneconomical activities are expensed.
	Capitalized drilling costs are reviewed periodically for impairment. Costs related to impaired prospects or unsuccessful exploratory drilling are charged to expense. Management’s assessment of the results of exploration activities, commodity price outlooks, planned future sales or expiration of all or a portion of such leaseholds impact the amount and timing of impairment provisions. An impairment expense could result if oil and gas prices decline in the future as it may not be economical to develop some of these unproved properties.
Per share amounts	The Company calculates and discloses basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). The computation of basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of outstanding common shares during the period.
	Diluted Earnings per Share (“EPS”) gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on losses. As a result, if there is a loss from continuing operations, Diluted EPS is computed in the same manner as Basic EPS. At December 31, 2014 and 2013, the Company had, respectively, 6,250 and 60,417 post-split options outstanding, that were not included in the calculation of earnings per share for the periods then ended. Such financial instruments may become dilutive and would then need to be included in future calculations of Diluted EPS. At December 31, 2014 and 2013, the outstanding options were considered anti-dilutive since the strike prices were above the market price and since the Company has incurred losses year to date.
Income taxes	The Company accounts for income taxes in accordance with the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to the taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is established if management determines it is more likely than not that some portion of a deferred tax asset will not be realized.
Financial instruments	The carrying value of current assets and current liabilities approximate their fair value due to the relatively short period to maturity of the instruments.
Stock option plan	The Company expenses options granted over the vesting period based on the grant date fair value of the award.
Obligations associated with the retirement of assets	The Company follows Financial Accounting Standards Board (FASB) guidance on accounting for asset retirement obligations, which among other matters, addresses financial accounting and reporting for legal obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. This guidance requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred, with the associated asset retirement cost capitalized as part of the related asset and allocated to expense over the asset’s useful life. The Company applies its analysis to producing wells.
Recent Accounting Pronouncements	FASB periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncement and concluded that the following new accounting standard is applicable:
	In May 2014, the FASB issued ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)”. This guidance was issued to clarify the principles for recognizing revenue and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). The guidance is effective for the fiscal years and interim periods within those years beginning after December 15, 2016. Management is evaluating the impact that ASU No. 2014-09 will have on the Company’s financial statements.

Stock_options_Tables

Stock options (Tables)	12 Months Ended
	Dec. 31, 2014
Stock Options Tables
Stock option and warrant activity		Pre-Split		Post-Split		Weighted Average
		Options		Options		Exercise Price
	Outstanding at Beginning of Year 2013	1,245,000				$0.14
	Reverse Split as of August 12, 2013	1,245,000		103,750		$1.71
	Granted	0		0
	Cancelled or Exercised	-520,000		-43,333		$1.55
	Outstanding at End of Year 2013	725,000		60,417		$1.82
	Granted	0		0
	Cancelled or Exercised	-650,000		-54,167		$1.73
	Outstanding at End of Year 2014	75,000		6,250		$2.56
Option and Warrats		Options Outstanding		Options Exercisable
			Weighted
			Average	Weighted		Weighted
	Range of	Number	Remaining	Average	Number	Average
	Exercise	Outstanding	Contractual	Exercise	Exercisable	Exercise
	Prices	at 12/31/14	Life	Price	at 12/31/14	Price
	$1.44 - $3.12	6,250	4.71 years	$2.56	6,250	$2.56

Income_taxes_Tables

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes Tables
Reconciliations of income taxes
			2014		2013
	Statutory tax rate		34%		34%
	Expected tax benefit	$	-80,000	$	-77,000
	Benefit of losses not recognized		80,000		77,000
	Tax provision (benefit) as reported	$	0	$	0
Components of our deferred tax asset			2014		2013
	Deferred tax assets:
	Loss carry-forwards	$	2,700,000	$	2,500,000
	Valuation allowance		-2,700,000		-2,500,000
			0		0
	Deferred tax liabilities:
	Property and equipment		0		0
	Net deferred taxes	$	0	$	0

Property_and_equipment_Details

Property and equipment (Details Narrative) (USD $)	Dec. 31, 2013
Property And Equipment Details Narrative
Total other property and equipment,	$2,561

Stock_options_Details

Stock options (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Weighted-Average Exercise Price
Weighted-Average Exercise Price Outstanding	$1.82	$0.14
Reverse Split		1.71
Granted	$0	$0
Cancelled or Exercised	$1.73	$1.55
Weighted-Average Exercise Price Outstanding	$2.56	$1.82
Pre Split Options [Member]
Options
Outstanding Beginning	725,000	1,245,000
Reverse Split		1,245,000
Granted	0	0
Cancelled or Exercised	-650,000	-520,000
Outstanding Ending	725,000	725,000
Post Split Options [Member]
Options
Outstanding Beginning	60,417
Reverse Split		103,750
Granted	0	0
Cancelled or Exercised	-54,167	-43,333
Outstanding Ending	6,250	60,417

Stock_options_Details_1

Stock options (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Weighted-Average Exercise Price	$2.56	$1.82	$0.14
$1.44 - $3.12 [Member]
Number Outstanding	6,250
Weighted Average Remaining Contractual Life	4 years 8 months 16 days
Weighted-Average Exercise Price	$2.56
Number Exercisable	6,250
Weighted-Average Exercise Price	$2.56

Income_taxes_Details

Income taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes Details
Statutory tax rate	$34	$34
Expected tax benefit	-80,000	-77,000
Benefit of losses not recognized	80,000	77,000
Tax provision (benefit) as reported	$0	$0

Income_taxes_Details_1

Income taxes (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Loss carry-forwards	$2,700,000	$2,500,000
Valuation allowance	-2,700,000	-2,500,000
Total	0	0
Deferred tax liabilities:
Property and equipment	0	0
Net deferred taxes	$0	$0

Income_taxes_Deatails_Narrativ

Income taxes (Deatails Narrative) (USD $)	Dec. 31, 2014
Income Taxes Deatails Narrative
Net operating loss	$8,357,000

Operating_lease_Details_Narrat

Operating lease (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Lease Details Narrative
Monthly lease payments	$1,100
Rent expense	$13,200	$13,200

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions Details Narrative
Proceeds from related party note payable	$101,720	$91,580
Notes payable - related party	$0	$91,580