v3.7.0.1

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Current Assets
Cash	$ 6,228	$ 13,209
Accounts receivable	2,152	0
Refundable deposit	10,000	0
Prepaid and other current assets	6,024	0
Total Current Assets	24,404	13,209
Equipment, net of accumulated depreciation	67,070	13,200
Oil and gas properties, using successful efforts accounting (net of accumulated depreciation	409,309	267,433
TOTAL ASSETS	500,783	293,842
Current Liabilities
Accounts payable	128,425	172,765
Payroll liabilities	38,880	4,000
Short-term note payable	3,821	0
Asset retirement obligation	55,395	10,000
Shareholder advances	39,402	13,442
Credit card liabilities	54,981	48,009
Total Current Liabilities	320,904	248,216
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.001 par value; 200,000,000 shares authorized; 17,168,908 and 16,289,908 shares issued and outstanding at March 31, 2017 and September 31, 2016, respectively	17,169	16,290
Additional paid-in capital	2,882,381	2,609,056
Common Stock issuable	25,000	25,000
Accumulated deficit	(2,744,671)	(2,604,720)
Total Shareholders' Equity	179,879	45,626
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 500,783	$ 293,842

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

West Texas Resources, Inc. 10-Q