Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

v2.4.0.8
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Common Stock Shares
USD ($)
Common Stock Amount
Additional Paid - in Capital
USD ($)
Accumulated Deficit
USD ($)
Total Stockholders' Equity (Deficit)
USD ($)
Balance at Dec. 31, 2011 3,440,000 3,440 204,585 (4,314,535) (4,106,510)
Share-based compensation. $ 0   $ 944,681   $ 944,681
Common stock issued to purchase Ring Energy, Inc., 6,579,808 6,580 13,525,180   13,531,760
Common stock issued for cash. 3,148,425 3,148 13,005,914   13,009,062
Common stock issued in property acquisitions. 997,778 998 4,489,003   4,490,001
Net loss. 0     (1,669,283) (1,669,283)
Balance at Dec. 31, 2012 14,166,011 14,166 32,169,363 (5,983,818) 26,199,711
Share-based compensation, 0   3,489,022   3,489,022
Common stock issued for cash, 9,378,580 9,378 73,192,312   73,201,690
Common stock issued for services, 10,000 10 99,990   100,000
Options exercised (cashless exercise), 6,722 7 (7)    
Options exercised, 15,000 15 67,485   67,500
Net loss, $ 0     $ (452,209) $ (452,209)
Balance at Dec. 31, 2013 23,576,313 23,576 109,018,165 (6,436,027) 102,605,714