Annual report pursuant to Section 13 and 15(d)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Line Items]        
Fair Value, Concentration of Risk, Cash and Cash Equivalents   $ 14,756,581 $ 70,836,381  
Depreciation   320,090 303,456 $ 286,304
Share-based Compensation   3,685,079 2,267,053 2,566,716
Impairment of Oil and Gas Properties   $ 56,513,016 9,312,203  
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent   35.00%    
Adjustment to Deferred Tax Asset for Change in Effective Tax Rate   $ 6,603,240  
Cumulative Effect on Retained Earnings, Net of Tax   1,596,463    
Excess Tax Benefit from Share-based Compensation, Operating Activities   $ 49,896 $ 0 $ 0
Scenario, Plan [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00%      
Sales Revenue, Net [Member] | Customer One [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   76.00% 50.00% 48.00%
Sales Revenue, Net [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   18.00% 42.00% 23.00%
Sales Revenue, Net [Member] | Customer Three [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage       20.00%
Accounts Receivable [Member] | Customer One [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   88.00% 59.00% 30.00%
Accounts Receivable [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage   10.00% 32.00% 53.00%
Accounts Receivable [Member] | Customer Three [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage       0.00%