CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net loss	$ (8,910,607)us-gaap_NetIncomeLoss	$ (3,704,533)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depletion and depreciation	601,865	470,739
Accretion of discount on asset retirement obligations	34,588	33,509
Stock based compensation	3,353,344us-gaap_ShareBasedCompensation	655,181us-gaap_ShareBasedCompensation
Common stock issued for consulting services	198,250	35,500
(Gain) loss on obsolete equipment	(508)	254
Warrant settlement/modification expense	2,642,266pgsi_WarrantModificationExpense	134,102pgsi_WarrantModificationExpense
Changes in operating assets and liabilities:
Accounts receivable, trade	(85,202)	103,988
Account receivable, related parties	(13,418)	(13,582)
Joint interest billing receivable, related parties, net	(8,655)	1,269,781
Joint interest billing receivable, net	28,091pgsi_JointInterestBillingReceivableNet	233,421pgsi_JointInterestBillingReceivableNet
Other current assets	8,755	12,960
Accounts payable	(19,194)	45,592
Accounts payable, related parties	526,086	504,702
Revenue payable	(391,461)pgsi_RevenuePayable	160,877pgsi_RevenuePayable
Interest payable, related party	632,328	632,316
Liquidated damages payable	7,916	6,632
Other payables	(18,847)	1,533
Net cash provided by (used in) operating activities	(1,414,403)	582,972
Investing Activities
Additions to certificates of deposit	(105)	(110)
Purchases of property and equipment	(40,383)	(11,892)
Purchase of oil and gas properties	(1,070,431)pgsi_PurchasesOfOilAndGasProperties	(1,758,160)pgsi_PurchasesOfOilAndGasProperties
Net cash used in investing activities	(1,110,919)	(1,770,162)
Financing Activities
Payments on notes payable and capital leases	(8,660)	(8,111)
Cash overdraft	(249,955)	237,833
Deferred financing fees	(10,000)us-gaap_PaymentsOfFinancingCosts	0us-gaap_PaymentsOfFinancingCosts
Proceeds from exercise of warrants	4,782us-gaap_ProceedsFromWarrantExercises	4,800us-gaap_ProceedsFromWarrantExercises
Proceeds from sale of common stock, net of offering costs	694,900	1,999,231
Net cash provided by financing activities	431,067	2,233,753
Net increase (decrease) in cash and cash equivalents	(2,094,255)	1,046,563
Cash and cash equivalents at beginning of year	2,467,761	1,421,198
Cash and cash equivalents at end of year	$ 373,506	$ 2,467,761

Pegasi Energy Resources Corporation. 10-K