v3.2.0.727

Consolidated Statements of Operations - USD ($)	3 Months Ended
Consolidated Statements of Operations - USD ($)	Mar. 31, 2015	Mar. 31, 2014
REVENUE
REVENUE	$ 95,506	$ 173,591
COST OF SALES	31,414	65,442
GROSS PROFIT	64,092	108,149
OPERATING EXPENSES
General and administrative expenses	59,567	50,241
Depletion, depreciation, and accretion	19,741	12,993
Impairment expense		31,768
Professional fees	93,396	142,109
Total Operating Expenses	172,704	237,111
LOSS FROM OPERATIONS	(108,612)	(128,962)
OTHER INCOME (EXPENSES)
Interest expense	(30,659)	(30,674)
Gain on settlement of debt	(53,253)
Total Other Income (Expenses)	22,594	(30,674)
LOSS BEFORE INCOME TAXES	(86,018)	(159,636)
NET INCOME (LOSS)	$ (86,018)	$ (159,636)
BASIC AND DILUTED LOSS PER SHARE	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING -BASIC AND DILUTED	85,949,061	85,702,878

Total costs related to goods produced and sold during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2(a))

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Capital City Energy Group, Inc. 10-Q