Groove Botanicals (GRVE) 10-Q 18 May 15 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Nov. 15, 2014
Document And Entity Information
Entity Registrant Name	Avalon Oil & Gas, Inc.
Entity Central Index Key	918573
Document Type	10-Q
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-28
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 Common Stock, Shares Outstanding		11,858,062
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2014

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Current Assets:
Cash and cash equivalents	$164,720	$223,914
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	62,033	54,226
Notes receivable	12,143	15,714
Deposits and prepaid expenses	279,400	302,057
Receivables from joint interests, net of allowance for doubtful accounts of $133,428 and $136,872	20,000	20,000
Total current assets	538,296	615,911
Notes receivable		2,857
Property and equipment, net	20,390
Unproven oil & gas properties	1,867,183	1,867,183
Producing oil & gas properties, net	251,356	149,477
Intellectual property rights, net	74,522	95,815
Total Assets	2,751,747	2,731,243
Current Liabilities:
Accounts payable and accrued liabilities	605,146	579,536
Accrued payroll - related parties	209,367	207,817
Dividends payable	106,203	66,730
Accrued liabilities to joint interest	10,785	11,596
Notes payable - related party	26,000	26,000
Notes payable, net of discount	524,300
Total current liabilities	1,481,801	891,679
Notes payable, net of discount		514,300
Accrued asset retirement obligation (ARO) liability	118,574	112,927
Total Liabilities	1,600,375	1,518,906
Preferred stock, authorized 1,000,000; $0.10 Par value
Preferred stock, Series A, $0.10 par value, 1,000 shares authorized; 100 shares issued and outstanding as of September 30, 2014 and March 31, 2014, respectively	10	10
Preferred stock, Series B, $0.10 par value, 2,000 shares authorized; 1,525 and 1,300 shares issued and outstanding as of September 30, 2014 and March 31, 2014, respectively	153	130
Common stock, $0.001 par value: 200,000,000 shares authorized 11,858,062 and 11,658,062 shares issued ando utstanding at September 30, 2014 and March 31, 2014, respectively	11,859	11,659
Additional paid in capital	32,262,903	32,024,126
Accumulated deficit	-31,123,553	-30,823,588
Total Stockholders' Equity	1,151,372	1,212,337
Total Liabilities and Stockholders' Equity	$2,751,747	$2,731,243

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$0	$0
Allowance for doubtful accounts on receivables from joint interests	$133,428	$136,872
Preferred stock, Series A, par value	$0.10	$0.10
Preferred stock, Series A, shares authorized	1,000,000	1,000,000
Preferred stock, Series A, shares issued	100	100
Preferred stock, Series A, shares outstanding	100	100
Preferred stock, Series B, par value	$0.10	$0.10
Preferred stock, Series B, shares authorized	2,000	2,000
Preferred stock, Series B, shares issued	1,525	1,300
Preferred stock, Series B, shares outstanding	1,525	1,300
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	11,858,062	11,658,062
Common stock, shares outstanding	11,858,062	11,658,062

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Oil & Gas Sales	$38,433	$39,957	$62,934	$59,025
Operating expenses:
Lease operating expense, severance taxes and ARO accretion	19,246	40,123	38,793	59,850
Selling, general and administrative expenses	104,244	97,932	177,680	159,635
Stock based compensation		43,001	14,000	103,001
Depreciation, depletion, and amortization	20,600	16,620	40,232	31,046
Total operating expenses	144,090	197,676	270,705	353,532
Operating loss	-105,657	-157,719	-207,771	-294,507
Other income (expense):
Other micsellaneous income			10,100
Gain (Loss) on conversion of notes payable		-39,250		-47,150
Interest expense, net	-10,717	-24,696	-21,321	-49,745
Total other income (expense)	-10,717	-63,946	-11,221	-96,895
Loss before income tax	-116,374	-221,665	-218,992	-391,402
Provision for income taxes
Net loss	-116,374	-221,665	-218,992	-391,402
Preferred stock dividends	-40,596	-14,000	-80,973	-27,780
Net loss attributable to common shareholders	($156,970)	($235,665)	($299,965)	($419,182)
Net loss per share - basic and diluted	($0.01)	($0.02)	($0.03)	($0.05)
Weighted average shares outstanding - basic and diluted	11,858,062	10,690,127	11,831,832	8,700,685

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net (loss)	($218,992)	($391,402)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	14,000	103,001
Loss on conversion on notes payable		47,150
Depreciation	2,267
Depletion	16,673	10,475
Depreciation and ARO liability	1,448	724
Amortization of intangible assets	21,294	21,294
Net change in operating assets and liabilities:
Accounts receivable	-7,807	25,152
Accounts payable and other accrued expenses	26,348	-46,443
Due to related party		5,000
Asset retirement obligation	5,647	5,133
Net cash used in operating activities	-139,122	-219,916
Cash flows from investing activities:
Deposit on the purchase of additional assets		-119,400
Acquisition of oil producing assets	-120,000
Principle payments received on notes receivable	6,428	1,147
Net cash provided by (used in) investing activities	-113,572	-118,253
Cash flows from financing activities:
Proceeds from notes payable	60,000
Common stock issued for cash		300,000
Dividends paid	-41,500	-24,300
Preferred stock B issued for cash	175,000	50,000
Net cash provided by (used in) financing activities	193,500	325,700
Net (decrease) increase in cash and cash equivalents	-59,194	-12,469
Cash and cash equivalents at beginning of period	223,914	129,931
Cash and cash equivalents at end of period	164,720	117,462
Supplemental disclosures of cash flow information:
Cash paid during the period for Interest
Cash paid during the period for Taxes
Preferred stock issued for conversion of notes payable, accrued interest, and assumption of debt	14,000	35,000
Gain (Loss) on extinguishment of debt	$50,000	$10,000

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	NOTE 1: DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Operations
	Avalon Oil & Gas, Inc. (the "Company") was originally incorporated in Colorado in April 1991 under the name Snow Runner (USA), Inc. The Company was the general partner of Snow Runner (USA) Ltd.; a Colorado limited partnership to sell proprietary snow skates under the name "Sled Dogs" which was dissolved in August 1992. In late 1993, the Company relocated its operations to Minnesota and in January 1994 changed our name to Snow Runner, Inc. In November 1994 we changed our name to the Sled Dogs Company. On November 5, 1997, we filed for protection under Chapter 11 of the U.S. Bankruptcy Code. In September 1998, we emerged from protection of Chapter 11 of the U.S. Bankruptcy Code. In May, 1999, we changed our state of domicile to Nevada and our name to XDOGS.COM, Inc. On July 22, 2005, the Board of Directors and a majority of the Company's shareholders approved an amendment to our Articles of Incorporation to change the Company's name to Avalon Oil & Gas, Inc., and to increase the authorized number of shares of our common stock from 200,000,000 shares to 1,000,000,000 shares par value of $0.001, and engage in the acquisition of producing oil and gas properties.  On November 16, 2011, a majority of the Company's shareholders approved an amendment to our Articles of Incorporation to increase the authorized number of shares of our common stock from 1,000,000,000 shares to 3,000,000,000 shares par value of $0.001. This amendment was not filed with the Nevada Secretary of State.
	On June 4, 2012 the Board of Directors approved an amendment to our Articles of Incorporation to a reverse split of the issued and outstanding shares of Common Stock of the Corporation (“Shares”) such that each holder of Shares as of the record date of June 4, 2012 shall receive one (1) post-split Share on the effective date of June 4, 2012 for each three hundred (300) Shares owned.  The reverse split was effective on July 23, 2012.   On September 28, 2012, we held a special meeting of Avalon’s shareholders and approved an amendment to the Company’s Articles of Incorporation such that the Company would be authorized to issue up to 200,000,000 shares of common stock.  We filed this amendment with the Nevada Secretary of State on April 10, 2013.
	The Company is currently in the process of raising funds to acquire oil and gas properties and related oilfield technologies, which the Company plans to develop into commercial applications.
	On November 9, 2006, the Company purchased all the outstanding shares of Intelli-Well Technologies, Inc. (IWTI) from Innovaro Corporation for 20,000,000 shares of the Company's common stock valued at $594,000. The shares were valued at the average sales price received in private placements for sales of restricted common stock for cash. ITWI became a wholly owned subsidiary of the Company as of the date of acquisition. IWTI holds a non-exclusive license in the United States for a borehole casing technology developed by the Regents of the University of California (the "Regents") through its researchers at Lawrence Livermore National Laboratory.
	On September 22, 2007 the Company entered into an agreement with respect to its purchase of a 75.6% interest in Oiltek, Inc. (Oiltek) for $50,000 and the right of Oiltek to market Avalon's intellectual property. Oiltek is consolidated in these financial statements with a minority interest shown.
	On October 10, 2013, the Company entered into a Technology Scouting Agreement with IP Technology Exchange, Inc. ("IP TechEx"), to identify potential technology acquisition and licensing opportunities.  Our alliance with IP TechEx will enable us to develop a portfolio of new and innovative technologies.
	On March 19, 2014, the Company formed Weyer Partners, LLC, a one hundred percent (100%) wholly owned a Minnesota Corporation. Weyer Partners, LLC, was formed to operate oil and gas properties in Oklahoma and Texas.
	On May 9, 2014, the Company formed AFS Holdings, Inc., a one hundred percent (100%) wholly owned Nevada Corporation. AFS Holding, Inc., was formed to leverage the Company’s relationship with IP TechEx, and market technology licensed from IP TechEx.
	On September 29, 2014 the Company acquired the assets of Kensington Energy Limited Partnership – 1985, Kensington Energy Limited Partnership – 1986, Kensington Energy Limited Partnership – 1987, Kensington Energy Company, Kensington Group Venture, Kensington Group Venture I, Kensington Group Venture II, and Kensington Group Venture III, for a combination of cash and debt.
	Principles of consolidation
	The consolidated financial statements include the accounts of the Company and The Company’s subsidiary’s Oiltek, Inc., Weyer Partners, LLC, and AFS Holdings, Inc. All significant inter-company items have been eliminated in consolidation.
	Basis of Preparation of Financial Statements
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q.  They do not include all of the information and footnotes required by Accounting Principles generally accepted accounting principles in United States America (“US GAAP”) for complete financial statements and related notes. The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the audited consolidated financial statements of the Company and notes thereto for the year ended March 31, 2014.
	In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the balance sheets of Avalon Oil and Gas Inc. and subsidiaries as of September 30, 2014 and the results of their operations for the three and six months ended September 30, 2014 and 2013, and cash flows for the six months ended September 30, 2014 and 2013 are not necessarily indicative of the results to be expected for the entire year.
	Going Concern
	The September 30, 2014, financial statements have been prepared assuming the Company will continue as a going concern. However, the Company has incurred a loss of $31,123,553 from inception through September 30, 2014, and has a working capital deficiency of $943,505 and stockholders’ equity of $1,151,372 as of September 30, 2014. The Company currently has minimal revenue generating operations and expects to incur substantial operating expenses in order to expand its business. As a result, the Company expects to incur operating losses for the foreseeable future.  The Company will continue to seek equity and debt financing to meet our operating losses.  The accompanying consolidated financial statements do not include any adjustments that might become necessary should the Company be unable to continue as a going concern.
	Use of Estimates
	The preparation of financial statements in conformity with US GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.
	Basis of Accounting
	The Company's financial statements are prepared using the accrual method of accounting. Revenues are recognized when earned and expenses when incurred.
	Cash and Cash Equivalents
	Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less. The Company maintains its cash balances at several financial institutions. Accounts at the institutions are insured by the Federal Deposit Insurance Corporation up to $250,000.
	Fair Value of Financial Instruments
	The Company's financial instruments are cash and cash equivalents, accounts receivable, accounts payable, notes payable, notes receivable and long-term debt. The recorded values of cash and cash equivalents, accounts receivable, and accounts payable approximate their fair values based on their short-term nature. The recorded values of notes payable, notes receivable and long-term debt approximate their fair values, as interest approximates market rates.
	Accounts Receivable
	Management periodically assesses the collectability of the Company's accounts receivable. Accounts determined to be uncollectible are charged to operations when that determination is made. The Company had an allowance of $133,428 and $136,873 for accounts receivable from the joint working interests, respectively as of September 30, 2014 and March 31, 2014.
	Oil and Natural Gas Properties
	The Company follows the full cost method of accounting for natural gas and oil properties.  Under the full cost concept, all costs incurred in acquiring, exploring, and developing properties cost center are capitalized when incurred and are amortized as mineral reserves in the cost center are produced, subject to a limitation that the capitalized costs not exceed the value of those reserves.  The unamortized costs relating to a property that is surrendered, abandoned, or otherwise disposed of are accounted for as an adjustment of accumulated amortization, rather than as a gain or loss that enters into the determination of net income, until all of the properties constituting the amortization base are disposed of, at which point gain or loss is recognized. All acquisition, exploration, and development costs are capitalized. The Company capitalizes all internal costs, including: salaries and related fringe benefits of employees directly engaged in the acquisition, exploration and development of natural gas and oil properties, as well as other identifiable general and administrative costs associated with such activities.  During the three month and six month periods ended September 30, 2014 and 2013, no acquisition costs were capitalized. Oil and natural gas properties are reviewed for recoverability at least annually or when events or changes in circumstances indicate that its carrying value may exceed future undiscounted cash inflows. As of September 30, 2014 and March 31, 2014, the Company had not identified any such impairment.
	Other Property and Equipment
	Other property and equipment is reviewed for recoverability when events or changes in circumstances indicate that its carrying value may exceed future undiscounted cash inflows. As of September 30, 2014 and 2013, the Company had not identified any such impairment. Repairs and maintenance are charged to operations when incurred and improvements and renewals are capitalized.
	Other property and equipment are stated at cost. Depreciation is calculated using the straight-line method for financial reporting purposes and accelerated methods for tax purposes.
	Their estimated useful lives are as follows:
	Office Equipment:  5-7 Years
	Vehicles: 5 years
	Asset Retirement Obligations
	In accordance with the provisions of Financial Accounting Standards Board “FASB” Accounting Standard Codification “ASC” 410-20-15, “Accounting for Asset Retirement Obligations”, the Company records the fair value of its liability for asset retirement obligations in the period in which it is incurred and a corresponding increase in the carrying amount of the related long live assets. Over time, the liability is accreted to its present value at the end of each reporting period, and the capitalized cost is depreciated over the useful life of the related assets. Upon settlement of the liability, the Company will either settle the obligation for its recorded amount or incur a gain or loss upon settlement. The Company's asset retirement obligations relate to the plugging and abandonment of its oil properties.
	Intangible Assets
	The cost of licensed technologies acquired is capitalized and will be amortized over the shorter of the term of the licensing agreement or the remaining life of the underlying patents.
	The Company evaluates recoverability of identifiable intangible assets whenever events or changes in circumstances indicate that intangible assets carrying amount may not be recoverable. Such circumstances include, but are not limited to: (1) a significant decrease in the market value of an asset, (2) a significant adverse change in the extent or manner in which an asset is used, or (3) an accumulation of cost significantly in excess of the amount originally expected for the acquisition of an asset. The Company measures the carrying amount of the assets against the estimated undiscounted future cash flows associated with it.
	There was not any impairment loss for the six months ended September 30, 2014 and 2013.
	Should the sum of the expected cash flows be less than the carrying amount of assets being evaluated, an impairment loss would be recognized. The impairment loss would be calculated as the amount by which the carrying amount of the assets, exceed fair value. Estimated amortization of intangible assets over the next five years is as follows:
	September 30,
	2014	$	21,294
	2015		42,584
	2016		10,644
		$	74,522
	Stock Based Compensation
	The Company records share-based compensation expense for awards granted to non-employees in exchange for services at fair value in accordance with the provisions of ASC 505-50, "Equity based" payment to non-employees. For the awards granted to non-employees, the Company will record compensation expenses equal to the fair value of the share options at the measurement date, which is determined to be the earlier of the performance commitment date or the service completion date.
	Warrants
	The value of warrants issued is recorded at their fair values as determined by use of a Black Scholes Model at such time or over such periods as the warrants vest.
	Loss per Common Share
	ASC 260-10-45, “Earnings Per Share”, requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures. Basic earnings per share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation. When the company is in loss position, no dilutive effect is considered.
	Income Taxes
	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. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	ASC 740-10-25, “Accounting for Uncertainty in Income Taxes”, is intended to clarify the accounting for uncertainty in income taxes recognized in a company's financial statements and prescribes the recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	Under ASC 740-10-25, evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.
	Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met.
	Revenue Recognition
	In accordance with the requirements ASC topic 605 "Revenue Recognition", revenues are recognized at such time as (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services have been rendered, (3) the seller's price to the buyer is fixed or determinable and (4) collectability is reasonably assured. Specifically, oil and gas sales are recognized as income at such time as the oil and gas are delivered to a viable third party purchaser at an agreed price. Interest income is recognized as it is earned.
	Long-Lived Assets
	Equipment is stated at acquired cost less accumulated depreciation. Office equipment is depreciated on the straight-line basis over the estimated useful lives (five to seven years).
	Impairment of long-lived assets is recognized when events or changes in circumstances indicate that the carrying amount of the asset or related group of assets may not be recoverable.  If the expected future undiscounted cash flows are less than the carrying amount of the asset, an impairment loss is recognized at that time.  Measurement of impairment may be based upon appraisal, market value of similar assets or discounted cash flows. There was no impairment for the three and six months ended September 30, 2014 and 2013.
Recently Issued Accounting Pronouncements
As of May 14, 2015, The FASB has issued up to ASU 2015-07, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Receivable_from_Joint_Interest

Receivable from Joint Interests	6 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Receivable from Joint Interests	NOTE 2: RECEIVABLE FROM JOINT INTERESTS
	The Company is the operator of certain wells acquired in the Expanded Bedford Agreement (see note 4). Pursuant to a joint interest operating agreement (the “Joint Interest Agreement”), the Company charges the other owners of the Grace Wells for their pro-rata share of operating and work over expenses.  These receivables are carried on the Company’s balance sheet as Receivable from Joint Interests. At September 30, 2014 and March 31, 2014 the Company deemed the collectability of the receivable from joint interests in the amount of $133,428 and 136,872 as unlikely.

Intellectual_Property_Rights

Intellectual Property Rights	6 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intellectual Property Rights	NOTE 3: INTELLECTUAL PROPERTY RIGHTS
	A summary of the intellectual property rights at September 30, 2014 and March 31, 2014, are as follows:
		September 30,			March 31,
		2014			2014
		(Unaudited)
	Ultrasonic Mitigation Technology	$	425,850		$	425,850
	Less: accumulated amortization		(351,328	)		(330,035	)
	Total	$	74,522		$	95,815
	Amortization expense for the three and six months ended September 30, 2014 and 2013 was $10,646 and $21,294 respectively.

Oil_and_Gas_Property_Activity

Oil and Gas Property Activity	6 Months Ended
	Sep. 30, 2014
Notes to Financial Statements
Oil and Gas Property Activity	NOTE 4: OIL AND GAS PROPERTY ACTIVITY
	The table below shows the Company’s working interests in the Grace Wells as of September 30, 2014.  There were not any additional acquisitions during the three and nine month periods ended September 30, 2014.
	Well	Working
		Interest
	Grace #1		65.25	%
	Grace #2		55.75	%
	Grace #3		64	%
	Grace #5A		52	%
	Grace #6		58	%
	Producing oil and gas properties consist of the following at September 30, 2014 and March 31, 2014:
		September 30,			March 31,
		2014			2014
		(Unaudited)
	Lincoln County, Oklahoma	$	111,402		$	111,402
	Other properties, net		1,125,676			1,005,676
	Asset retirement obligation		39,124			40,572
	Property impairments		(481,072	)		(481,072	)
	Less: Depletion		(543,774	)		(527,101	)
	Net	$	251,356		$	149,477

Accounts_payable_and_accrued_l

Accounts payable and accrued liabilities	6 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]
Accounts payable and accrued liabilities	NOTE 5: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
	Accounts payable and accrued liabilities consisted of the following:
		September 30,		March 31,
		2014		2014
		(Unaudited)
	Accounts payable	$	381,917	$	375,272
	Accrued liabilities		223,229		204,264
	Total	$	605,146	$	579,536

Notes_Payable

Notes Payable	6 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Notes Payable	NOTE 6: NOTES PAYABLE
	Notes Payable are summarized as follows:
		September 30,		March 31,
		2014		2014
		(Unaudited)
	Notes payable - long-term portion	$	0	$	514,300
	Notes payable - current portion		524,300		0
	Total	$	524,300	$	514,300

Related_party_transactions

Related party transactions	6 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]
Related party transactions	NOTE 7: RELATED PARTY TRANSACTIONS
	Preferred Stock
	The 100 shares of Series A Preferred Stock, issued to an officer/director as payment for $500,000 in promissory notes, are convertible into the number of shares of common stock sufficient to represent forty percent (40%) of the fully diluted shares outstanding after their issuance. The Series A Preferred Stock pays an eight percent (8%) dividend. The dividends are cumulative and payable quarterly. The Series A Preferred Stock carries liquidating preference, over all other classes of stock, equal to the amount paid for the stock plus any unpaid dividends. The Series A Preferred Stock provides for voting rights on an "as converted to common stock" basis.
	During the three and six months ended September 30, 2014 and 2013, the Company incurred $10,000 and $20,000 in Series A preferred stock dividends, paid $6,500 and $12,300 for the three months ended September 30, 2014 and 2013, and paid $ 25,500 and $24,300 for the six months ended September 30, 2014 and 2013. As of September 30, 2014 and March 31, 2014, the accrued balance due Mr. Rodriguez was $36,450 and 41,950 respectively.
	The holders of the Series A Preferred Stock have the right to convert each share of preferred stock into a sufficient number of shares of common stock to equal 40% of the then fully-diluted shares outstanding. Fully diluted shares outstanding is computed as the sum of the number of shares of common stock outstanding plus the number of shares of common stock issuable upon exercise, conversion or exchange of outstanding options, and warrants. In the event that the Company does not have an adequate number of shares of Common Stock authorized, upon a conversion request, only the maximum allowable number of shares of Series A preferred stock shall convert into Common Stock and the remaining shares of Series A preferred Stock shall convert upon lapse of the applicable restrictions.
	Employment Agreements
	KENT RODRIGUEZ
	In 2009, Mr. Rodriguez, our President, was under an employment agreement dated April 1, 2008 that expires on March 31, 2016, pursuant to which he was compensated at an annual rate of $120,000. On April 1, 2011 Mr. Rodriguez voluntarily reduced his compensation to an annual rate of $48,000, subject to an increase by the Company’s Board of Directors.  The Company charged to operations the amount of $12,000 and $24,000 for the three and six month periods ended September 30, 2014 and 2013, of which $10,950 and $22,450 was paid to him during the three month and six month periods ending September 30, 2014, and $10,800 and $19,800 during the three and six month periods ending September 30, 2013 respectively.  As of September 30, 2014, and March 31, 2014, the balances of accrued and unpaid salaries were $209,367 and $207,817.

Income_Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8: INCOME TAXES
	Deferred income taxes result from the temporary difference arising from the use of accelerated depreciation methods for income tax purposes and the straight-line method for financial statement purposes, and an accumulation of New Operating Loss carry-forwards for income tax purposes with a valuation allowance against the carry-forwards for book purposes.
	In assessing the value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Included in deferred tax assets are Federal and State net operating loss carry forwards of approximately $31,123,553, which will expire beginning in 2028.  The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon our cumulative losses through September 30, 2014, we have provided a valuation allowance reducing the net realizable benefits of these deductible differences to $0 at September 30, 2014.  The amount of the deferred tax asset considered realizable could change in the near term if projected future taxable income is realized.  Due to significant changes in the Company's ownership, the Company's future use of its existing net operating losses may be limited.

Stockholders_Equity

Stockholders Equity

6 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stockholders Equity

NOTE 9: STOCKHOLDERS' EQUITY

Series A Preferred Stock

The Company is authorized to issue 1,000,000 shares of preferred stock, par value $0.10 per share.  As of September 30, 2014, the Company has 100 shares of Series A preferred stock issued and outstanding.

During the three and six months September 30, 2014 and 2013, the Company incurred $10,000 and $20,000 respectively in Series A preferred stock dividends, and paid $6,500 and $12,300 for the three months ended September 30, 2014 and 2013 respectively, and paid $ 25,500 and $24,300 for the six months ended September 30, 2013 and 2012 respectively. As of September 30, 2014 and March 31, 2014, the accrued balance due Mr. Rodriguez was $36,450 and 41,950 respectively.

The 100 shares of Series A Preferred Stock, issued to an officer/director as payment for $500,000 in promissory notes, are convertible into the number of shares of common stock sufficient to represent 40 percent (40%) of the fully diluted shares outstanding after their issuance. The Series A Preferred Stock pays an eight percent (8%) dividend. The dividends are cumulative and payable quarterly. The Series A Preferred Stock carries liquidating preference, over all other classes of stock, equal to the amount paid for the stock plus any unpaid dividends. The Series A Preferred Stock provides for voting rights on an "as converted to common stock" basis.

The holders of the Series A Preferred Stock have the right to convert the preferred stock into shares of common stock such that if converted simultaneously, they shall represent forty percent (40%) of the fully diluted shares outstanding after their issuance. Fully diluted shares outstanding is computed as the sum of the number of shares of common stock outstanding plus the number of shares of common stock issuable upon exercise, conversion or exchange of outstanding options, warrants, or convertible securities.

Series B Preferred Stock

In March, 2013, our Board of Directors authorized the issuance of 2,000 shares of Series B Preferred Stock (the "Series B Preferred Stock").  The face amount of share of the Series B Preferred Stock is $1,000.  As of September 30, 2014, the Company has 1,525 shares of Series B preferred stock issued and outstanding.

The Series B Preferred Stock accrues dividends at the rate of nine percent (9%) per annum on the original purchase price for the shares. These dividends are payable annually on April 1. We are prohibited from paying any dividends on our Common Stock until all accrued dividends are paid on our Series B Preferred Stock.  The Series B Preferred Stock ranks junior to the Series A Preferred Stock owned by our President and Chief Executive Officer, as to Dividends and to a distribution of assets in the event of a liquidation of assets.

The Holders of Series B Preferred Stock do not have any voting rights and their consent is not required to take any sort of corporate action.

During the three month period ended September 30, 2014, the Company issued 175 shares of Series B Preferred Stock to one accredited investor for 175,000.

During the six month period ended September 30, 2014, the Company issued 50 shares of Series B Preferred Stock to one accredited investor in exchange for a note payable in the amount of $50,000.

During the three month periods ended September 30, 2014 and 2013, the Company incurred $30,377 and $4,000 in dividends and $44,973 and $7,780 for the six month periods ended September 30, 2013 and 2014, respectively on Series B preferred stock.  The Company did not pay any dividends for the three month periods ended September 30, 2014 and 2013 and paid 16,000 and $ 3,780 in dividends for the six month period September 30, 2014 and 2013 respectively.

Total dividends payable from both A and B preferred shares at September 30, 2014 and March 31, 2014 were $106,203 and $66,730 respectively.

Common Stock

On April 25, 2014, the Company issued 200,000 shares of Common Stock to a consultant, the value of these shares in the amount of $14,000, or $0.02 per share was charged to operations, and was valued at closing bid price of the Company's common stock on the date the Consulting Agreement was executed by the Company.

There are no stock options outstanding.

Warrants

The following table summarizes the warrants outstanding and the related prices for the shares of the Company’s common stock issued to non-employees of the Company at September 30, 2014:

Warrants Outstanding

Warrants Exercisable

Weighted Average

Weighted Average

Exercise

Number

Remaining Contractual

Weighted Average

Number

Remaining Contractual

Prices

Outstanding

Life (years)

Exercise Price

Exercisable

Life (years)

167

0.25

$  600.00

167

0.25

$600.00

167

0.25

167

0.25

Transactions involving warrants are summarized as follows:

Number of Shares

Weighted

Average

Price

Per Share

Outstanding at March 31, 2014

167

$

600

Granted

-

-

Exercised

-

-

Cancelled or expired

-

-

Outstanding at September 30, 2014

167

$

600

Earnings_per_share

Earnings per share	6 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]
Earnings per share	NOTE 10: EARNINGS PER SHARE
	ASC 260-10-45 requires a reconciliation of the numerator and denominator of the basic and diluted earnings per share (EPS) computations. As the Company is in a loss position during the three and six month periods ended September 30, 2014 there is no dilutive effect included.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11: COMMITMENTS AND CONTINGENCIES
	Commitments and contingencies through the date of these financial statements were issued have been considered by the Company and none were noted which were required to be disclosed.

Subsequent_Events

Subsequent Events	6 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	NOTE 12: SUBSEQUENT EVENTS
	The Company has evaluated subsequent events through the issuance of the consolidated financial statements and no subsequent event is identified.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations
	Avalon Oil & Gas, Inc. (the "Company") was originally incorporated in Colorado in April 1991 under the name Snow Runner (USA), Inc. The Company was the general partner of Snow Runner (USA) Ltd.; a Colorado limited partnership to sell proprietary snow skates under the name "Sled Dogs" which was dissolved in August 1992. In late 1993, the Company relocated its operations to Minnesota and in January 1994 changed our name to Snow Runner, Inc. In November 1994 we changed our name to the Sled Dogs Company. On November 5, 1997, we filed for protection under Chapter 11 of the U.S. Bankruptcy Code. In September 1998, we emerged from protection of Chapter 11 of the U.S. Bankruptcy Code. In May, 1999, we changed our state of domicile to Nevada and our name to XDOGS.COM, Inc. On July 22, 2005, the Board of Directors and a majority of the Company's shareholders approved an amendment to our Articles of Incorporation to change the Company's name to Avalon Oil & Gas, Inc., and to increase the authorized number of shares of our common stock from 200,000,000 shares to 1,000,000,000 shares par value of $0.001, and engage in the acquisition of producing oil and gas properties.  On November 16, 2011, a majority of the Company's shareholders approved an amendment to our Articles of Incorporation to increase the authorized number of shares of our common stock from 1,000,000,000 shares to 3,000,000,000 shares par value of $0.001. This amendment was not filed with the Nevada Secretary of State.
	On June 4, 2012 the Board of Directors approved an amendment to our Articles of Incorporation to a reverse split of the issued and outstanding shares of Common Stock of the Corporation (“Shares”) such that each holder of Shares as of the record date of June 4, 2012 shall receive one (1) post-split Share on the effective date of June 4, 2012 for each three hundred (300) Shares owned.  The reverse split was effective on July 23, 2012.   On September 28, 2012, we held a special meeting of Avalon’s shareholders and approved an amendment to the Company’s Articles of Incorporation such that the Company would be authorized to issue up to 200,000,000 shares of common stock.  We filed this amendment with the Nevada Secretary of State on April 10, 2013.
	The Company is currently in the process of raising funds to acquire oil and gas properties and related oilfield technologies, which the Company plans to develop into commercial applications.
	On November 9, 2006, the Company purchased all the outstanding shares of Intelli-Well Technologies, Inc. (IWTI) from Innovaro Corporation for 20,000,000 shares of the Company's common stock valued at $594,000. The shares were valued at the average sales price received in private placements for sales of restricted common stock for cash. ITWI became a wholly owned subsidiary of the Company as of the date of acquisition. IWTI holds a non-exclusive license in the United States for a borehole casing technology developed by the Regents of the University of California (the "Regents") through its researchers at Lawrence Livermore National Laboratory.
	On September 22, 2007 the Company entered into an agreement with respect to its purchase of a 75.6% interest in Oiltek, Inc. (Oiltek) for $50,000 and the right of Oiltek to market Avalon's intellectual property. Oiltek is consolidated in these financial statements with a minority interest shown.
	On October 10, 2013, the Company entered into a Technology Scouting Agreement with IP Technology Exchange, Inc. ("IP TechEx"), to identify potential technology acquisition and licensing opportunities.  Our alliance with IP TechEx will enable us to develop a portfolio of new and innovative technologies.
	On March 19, 2014, the Company formed Weyer Partners, LLC, a one hundred percent (100%) wholly owned a Minnesota Corporation. Weyer Partners, LLC, was formed to operate oil and gas properties in Oklahoma and Texas.
	On May 9, 2014, the Company formed AFS Holdings, Inc., a one hundred percent (100%) wholly owned Nevada Corporation. AFS Holding, Inc., was formed to leverage the Company’s relationship with IP TechEx, and market technology licensed from IP TechEx.
	On September 29, 2014 the Company acquired the assets of Kensington Energy Limited Partnership – 1985, Kensington Energy Limited Partnership – 1986, Kensington Energy Limited Partnership – 1987, Kensington Energy Company, Kensington Group Venture, Kensington Group Venture I, Kensington Group Venture II, and Kensington Group Venture III, for a combination of cash and debt.
Basis of Preparation of Financial Statements	Basis of Preparation of Financial Statements
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q.  They do not include all of the information and footnotes required by Accounting Principles generally accepted accounting principles in United States America (“US GAAP”) for complete financial statements and related notes. The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the audited consolidated financial statements of the Company and notes thereto for the year ended March 31, 2014.
	In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the balance sheets of Avalon Oil and Gas Inc. and subsidiaries as of September 30, 2014 and the results of their operations for the three and six months ended September 30, 2014 and 2013, and cash flows for the six months ended September 30, 2014 and 2013 are not necessarily indicative of the results to be expected for the entire year.
Going Concern	Going Concern
	The September 30, 2014, financial statements have been prepared assuming the Company will continue as a going concern. However, the Company has incurred a loss of $31,123,553 from inception through September 30, 2014, and has a working capital deficiency of $943,505 and stockholders’ equity of $1,151,372 as of September 30, 2014. The Company currently has minimal revenue generating operations and expects to incur substantial operating expenses in order to expand its business. As a result, the Company expects to incur operating losses for the foreseeable future.  The Company will continue to seek equity and debt financing to meet our operating losses.  The accompanying consolidated financial statements do not include any adjustments that might become necessary should the Company be unable to continue as a going concern.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with US GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.
Basis of Accounting	Basis of Accounting
	The Company's financial statements are prepared using the accrual method of accounting. Revenues are recognized when earned and expenses when incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less. The Company maintains its cash balances at several financial institutions. Accounts at the institutions are insured by the Federal Deposit Insurance Corporation up to $250,000.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The Company's financial instruments are cash and cash equivalents, accounts receivable, accounts payable, notes payable, notes receivable and long-term debt. The recorded values of cash and cash equivalents, accounts receivable, and accounts payable approximate their fair values based on their short-term nature. The recorded values of notes payable, notes receivable and long-term debt approximate their fair values, as interest approximates market rates.
Accounts Receivable	Accounts Receivable
	Management periodically assesses the collectability of the Company's accounts receivable. Accounts determined to be uncollectible are charged to operations when that determination is made. The Company had an allowance of $133,428 and $136,873 for accounts receivable from the joint working interests, respectively as of September 30, 2014 and March 31, 2014.
Oil and Natural Gas Properties	Oil and Natural Gas Properties
	The Company follows the full cost method of accounting for natural gas and oil properties.  Under the full cost concept, all costs incurred in acquiring, exploring, and developing properties cost center are capitalized when incurred and are amortized as mineral reserves in the cost center are produced, subject to a limitation that the capitalized costs not exceed the value of those reserves.  The unamortized costs relating to a property that is surrendered, abandoned, or otherwise disposed of are accounted for as an adjustment of accumulated amortization, rather than as a gain or loss that enters into the determination of net income, until all of the properties constituting the amortization base are disposed of, at which point gain or loss is recognized. All acquisition, exploration, and development costs are capitalized. The Company capitalizes all internal costs, including: salaries and related fringe benefits of employees directly engaged in the acquisition, exploration and development of natural gas and oil properties, as well as other identifiable general and administrative costs associated with such activities.  During the three month and six month periods ended September 30, 2014 and 2013, no acquisition costs were capitalized. Oil and natural gas properties are reviewed for recoverability at least annually or when events or changes in circumstances indicate that its carrying value may exceed future undiscounted cash inflows. As of September 30, 2014 and March 31, 2014, the Company had not identified any such impairment.
Other Property and Equipment	Other Property and Equipment
	Other property and equipment is reviewed for recoverability when events or changes in circumstances indicate that its carrying value may exceed future undiscounted cash inflows. As of September 30, 2014 and 2013, the Company had not identified any such impairment. Repairs and maintenance are charged to operations when incurred and improvements and renewals are capitalized.
	Other property and equipment are stated at cost. Depreciation is calculated using the straight-line method for financial reporting purposes and accelerated methods for tax purposes.
	Their estimated useful lives are as follows:
	Office Equipment:  5-7 Years
	Vehicles: 5 years
Asset Retirement Obligations	Asset Retirement Obligations
	In accordance with the provisions of Financial Accounting Standards Board “FASB” Accounting Standard Codification “ASC” 410-20-15, “Accounting for Asset Retirement Obligations”, the Company records the fair value of its liability for asset retirement obligations in the period in which it is incurred and a corresponding increase in the carrying amount of the related long live assets. Over time, the liability is accreted to its present value at the end of each reporting period, and the capitalized cost is depreciated over the useful life of the related assets. Upon settlement of the liability, the Company will either settle the obligation for its recorded amount or incur a gain or loss upon settlement. The Company's asset retirement obligations relate to the plugging and abandonment of its oil properties.
Intangible Assets	Intangible Assets
	The cost of licensed technologies acquired is capitalized and will be amortized over the shorter of the term of the licensing agreement or the remaining life of the underlying patents.
	The Company evaluates recoverability of identifiable intangible assets whenever events or changes in circumstances indicate that intangible assets carrying amount may not be recoverable. Such circumstances include, but are not limited to: (1) a significant decrease in the market value of an asset, (2) a significant adverse change in the extent or manner in which an asset is used, or (3) an accumulation of cost significantly in excess of the amount originally expected for the acquisition of an asset. The Company measures the carrying amount of the assets against the estimated undiscounted future cash flows associated with it.
	There was not any impairment loss for the six months ended September 30, 2014 and 2013.
	Should the sum of the expected cash flows be less than the carrying amount of assets being evaluated, an impairment loss would be recognized. The impairment loss would be calculated as the amount by which the carrying amount of the assets, exceed fair value. Estimated amortization of intangible assets over the next five years is as follows:
	September 30,
	2014	$	21,294
	2015		42,584
	2016		10,644
		$	74,522
Stock Based Compensation	Stock Based Compensation
	The Company records share-based compensation expense for awards granted to non-employees in exchange for services at fair value in accordance with the provisions of ASC 505-50, "Equity based" payment to non-employees. For the awards granted to non-employees, the Company will record compensation expenses equal to the fair value of the share options at the measurement date, which is determined to be the earlier of the performance commitment date or the service completion date.
Warrants	Warrants
	The value of warrants issued is recorded at their fair values as determined by use of a Black Scholes Model at such time or over such periods as the warrants vest.
Loss per Common Share	Loss per Common Share
	ASC 260-10-45, “Earnings Per Share”, requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures. Basic earnings per share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation. When the company is in loss position, no dilutive effect is considered.
Income Taxes	Income Taxes
	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. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	ASC 740-10-25, “Accounting for Uncertainty in Income Taxes”, is intended to clarify the accounting for uncertainty in income taxes recognized in a company's financial statements and prescribes the recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	Under ASC 740-10-25, evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.
	Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met.
Revenue Recognition	Revenue Recognition
	In accordance with the requirements ASC topic 605 "Revenue Recognition", revenues are recognized at such time as (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services have been rendered, (3) the seller's price to the buyer is fixed or determinable and (4) collectability is reasonably assured. Specifically, oil and gas sales are recognized as income at such time as the oil and gas are delivered to a viable third party purchaser at an agreed price. Interest income is recognized as it is earned.
Long-Lived Assets	Long-Lived Assets
	Equipment is stated at acquired cost less accumulated depreciation. Office equipment is depreciated on the straight-line basis over the estimated useful lives (five to seven years).
	Impairment of long-lived assets is recognized when events or changes in circumstances indicate that the carrying amount of the asset or related group of assets may not be recoverable.  If the expected future undiscounted cash flows are less than the carrying amount of the asset, an impairment loss is recognized at that time.  Measurement of impairment may be based upon appraisal, market value of similar assets or discounted cash flows. There was no impairment for the three and six months ended September 30, 2014 and 2013.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	As of May 14, 2015, The FASB has issued up to ASU 2015-07, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Estimated amortization of intangible assets	September 30,
	2014	$	21,294
	2015		42,584
	2016		10,644
		$	74,522

Intellectual_Property_Rights_T

Intellectual Property Rights (Tables)	6 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of intellectual property		September 30,			March 31,
		2014			2014
		(Unaudited)
	Ultrasonic Mitigation Technology	$	425,850		$	425,850
	Less: accumulated amortization		(351,328	)		(330,035	)
	Total	$	74,522		$	95,815

Oil_and_Gas_Property_Activity_

Oil and Gas Property Activity (Tables)	6 Months Ended
	Sep. 30, 2014
Notes to Financial Statements
Working interest in wells	Well	Working
		Interest
	Grace #1		65.25	%
	Grace #2		55.75	%
	Grace #3		64	%
	Grace #5A		52	%
	Grace #6		58	%
Producing oil and gas properties		September 30,			March 31,
		2014			2014
		(Unaudited)
	Lincoln County, Oklahoma	$	111,402		$	111,402
	Other properties, net		1,125,676			1,005,676
	Asset retirement obligation		39,124			40,572
	Property impairments		(481,072	)		(481,072	)
	Less: Depletion		(543,774	)		(527,101	)
	Net	$	251,356		$	149,477

Accounts_payable_and_accrued_l1

Accounts payable and accrued liabilities (Tables)	6 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]
Accounts payable and accrued liabilities		September 30,		March 31,
		2014		2014
		(Unaudited)
	Accounts payable	$	381,917	$	375,272
	Accrued liabilities		223,229		204,264
	Total	$	605,146	$	579,536

Notes_Payable_Tables

Notes Payable (Tables)	6 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Notes payable		September 30,		March 31,
		2014		2014
		(Unaudited)
	Notes payable - long-term portion	$	0	$	514,300
	Notes payable - current portion		524,300		0
	Total	$	524,300	$	514,300

Stockholders_Equity_Tables

Stockholders Equity (Tables)	6 Months Ended
	Sep. 30, 2014
Equity [Abstract]
Warrants outstanding	Warrants Outstanding										Warrants Exercisable
									Weighted Average						Weighted Average
	Exercise				Number				Remaining Contractual		Weighted Average		Number		Remaining Contractual
	Prices				Outstanding				Life (years)		Exercise Price		Exercisable		Life (years)
						167				0.25		$  600.00		167		0.25
		$600.00
						167				0.25				167		0.25
Transactions involving warrants			Number of Shares				Weighted
							Average
							Price
							Per Share
	Outstanding at March 31, 2014			167			$	600
	Granted			-				-
	Exercised			-				-
	Cancelled or expired			-				-
	Outstanding at September 30, 2014			167			$	600

Description_of_Business_and_Su3

Description of Business and Summary of Significant Accounting Policies - Estimated amortization of intangible assets (Details) (USD $)	6 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Estimated amortization of intangible assets	$21,294	$21,294	$10,644	$42,584	$21,294
Estimated amortization of intangible assets, Total					$74,522

Description_of_Business_and_Su4

Description of Business and Summary of Significant Accounting Policies (Details Narrative) (USD $)	282 Months Ended
	Sep. 30, 2014	9-May-14	Mar. 31, 2014	Mar. 19, 2014	Nov. 16, 2011	Sep. 22, 2007	Nov. 09, 2006	Jul. 22, 2005
Accounting Policies [Abstract]
Authorized number of shares of common stock	200,000,000		200,000,000		3,000,000,000			1,000,000,000
Common stock authorized, par value	$0.00		$0.00		$0.00			$0.00
Outstanding shares of Intelli-Well Technologies, Inc. purchased from Innovaro Corporation, company shares issued for purchase							20,000,000
Company shares issued for purchase of IWTI shares, value							$594,000
Percentage of interest in Oiltek, Inc. purchased						75.60%
Purchase price of interest in Oiltek						50,000
Ownership of Weyer Partners				100.00%
Ownership of AFS Holdings		100.00%
Loss incurred from inception	-31,123,553
Working capital deficiency	943,505
Accounts at institutions insured by FDIC	250,000
Allowance for accounts receivable from joint working interests	$133,428		$136,872
Estimated useful lives (minimum); Office Equipment	5 years
Estimated useful lives (maximum); Office Equipment	7 years

Receivable_from_Joint_Interest1

Receivable from Joint Interests (Details Narrative) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Accounting Policies [Abstract]
Unlikely collectability of receivable from joint interests amount	$133,428	$136,872

Intellectual_Property_Rights_S

Intellectual Property Rights - Summary of intellectual property (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Ultrasonic Mitigation Technology	$425,850	$425,850
Less: Accumulated amortization	-351,328	-330,035
Total	$74,522	$95,815

Intellectual_Property_Rights_D

Intellectual Property Rights (Details Narrative) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$10,646	$21,294

Oil_and_Gas_Property_Activity_1

Oil and Gas Property Activity - Working interest in wells (Details)	Sep. 30, 2014
Grace #1
Working interest	65.25%
Grace #2
Working interest	55.75%
Grace #3
Working interest	64.00%
Grace #5A
Working interest	52.00%
Grace #6
Working interest	58.00%

Oil_and_Gas_Property_Activity_2

Oil and Gas Property Activity - Producing oil and gas properties (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Notes to Financial Statements
Lincoln County, Oklahoma	$111,402	$111,402
Other properties, net	1,125,676	1,005,676
Asset retirement obligation	39,124	40,572
Property impairments	-481,072	-481,072
Less: Depletion	-543,774	-527,101
Net	$251,356	$149,477

Accounts_payable_and_accrued_l2

Accounts payable and accrued liabilities - Accounts payable and accrued liabilities (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Payables and Accruals [Abstract]
Accounts payable	$381,917	$375,272
Accrued liabilities	223,229	204,264
Total	$605,146	$579,536

Notes_Payable_Notes_payable_De

Notes Payable - Notes payable (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Debt Disclosure [Abstract]
Notes payable - long-term portion	$0	$514,300
Notes payable - current portion	524,300	0
Total	$524,300	$514,300

Related_party_transactions_Det

Related party transactions (Details Narrative) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Related Party Transactions [Abstract]
Shares of Series A Preferred Stock issued to an officer/director as payment for promissory notes	100		100		100
Value of promissory notes to an officer/director	$500,000		$500,000
Series A Preferred Stock conversion percentage, fully diluted shares outstanding after issuance	40.00%
Series A Preferred Stock dividend payment percentage	8.00%
Stock dividends incurred	10,000	10,000	20,000	20,000
Stock dividends paid	6,500	12,300	25,500	24,300
Accrued balance due	36,450		36,450		41,950
Amount charged to operations in annual salary	12,000	12,000	24,000	24,000	120,000
Voluntary reduction to annual salary	48,000
Amount of compensation paid to Mr. Rodriquez	10,950	10,800	22,450	19,800
Balance of accrued and unpaid salaries	$209,367		$209,367		$207,817

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Federal and State net operating loss carry forwards	$31,123,553
Valuation allowance reducing the net realizable benefits of deductible differences	$0

Stockholders_Equity_Warrants_o

Stockholders Equity - Warrants outstanding (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Warrants Outstanding, Exercise price	600
Warrants Outstanding, Number Outstanding	167
Warrants Exercisable, Weighted Average Exercise Price	600
Warrants Exercisable, Number Exercisable	167
Warrant
Warrants Outstanding, Weighted Average Remaining Contractual Life (years)	3 months
Warrants Exercisable, Weighted Average Remaining Contractual Life (years)	3 months

Stockholders_Equity_Transactio

Stockholders Equity - Transactions involving warrants (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Equity [Abstract]
Outstanding at March 31, 2013	167	167
Outstanding at December 31, 2013	167	167
Weighted Average Price Per Share, Outstanding at March 31, 2014	$600	$600
Weighted Average Price Per Share, Outstanding at September 30, 2014	$600	$600

Stockholders_Equity_Details_Na

Stockholders Equity (Details Narrative) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 25, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Preferred stock, shares authorized		1,000,000		1,000,000		1,000,000
Preferred stock, par value		$0.10		$0.10		$0.10
Preferred stock, shares issued		100		100		100
Preferred stock, shares outstanding		100		100		100
Preferred stock dividends		$40,596	$14,000	$80,973	$27,780
Preferred stock dividends paid		10,000	10,000	20,000	20,000
Accrued balance due to Mr.Rodriguez		209,367		209,367		207,817
Total dividends payable, Preferred stock A and B		106,203		106,203		66,730
Common stock issued for services, value	14,000			14,000	103,001
Common stock issued for services, shares	200,000
Common stock issued for services, per share	$0.02
Series A
Preferred stock, shares authorized		1,000,000		1,000,000		1,000,000
Preferred stock, par value		$0.10		$0.10		$0.10
Preferred stock, shares issued		100		100		100
Preferred stock, shares outstanding		100		100		100
Preferred stock dividends		10,000	10,000	20,000	20,000
Preferred stock dividends paid		6,500	12,300	25,500	24,300
Accrued balance due to Mr.Rodriguez		36,450		36,450		41,950
Series A preferred stock issued to officer/director on conversion of promissory notes, Shares		100
Series A preferred stock issued to officer/director on conversion of promissory notes		500,000
Fully diluted shares outstanding percentage		40.00%		40.00%		40.00%
Dividend rate on preferred stock		8.00%
Series B
Preferred stock, shares authorized		2,000		2,000		2,000
Preferred stock, par value		$0.10		$0.10
Preferred stock, shares issued		1,350		1,350		1,300
Preferred stock, shares outstanding		1,350		1,350		1,300
Preferred stock dividends		30,377	4,000	44,973	7,780
Preferred stock dividends paid		0	0	16,000	3,780
Dividend rate on preferred stock		9.00%
Preferred stock face amount		1,000		1,000		1,000
Preferred stock sold amount to accredited investor		$175,000		$50,000
Preferred stock shares sold to accredited investor		175		50