v3.19.1

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenue	$ 175,592	$ 212,554
Operating expenses:
Lease operating expense	169,020	285,796
General and administrative	56,806	73,126
Depreciation, depletion and amortization	75,024	133,426
Professional fees	21,973	80,645
Executive compensation	180,000	180,000
Total operating expenses	502,823	752,993
Other expenses:
Interest expense	(172,909)	(11,476)
Total other expenses	(172,909)	(11,476)
Loss before provision for income taxes	(500,140)	(551,915)
Provision for income taxes
Net loss	(500,140)	(551,915)
Series A preferred stock dividends	(195,755)	(194,789)
Net loss available to common stockholders	$ (695,895)	$ (746,704)
Weighted average number of common shares - outstanding - basic and diluted	48,164,922	44,718,759
Net loss per share - basic and diluted	$ (0.01)	$ (0.02)

The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Citadel Exploration, Inc. 10-Q