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EXCEL - IDEA: XBRL DOCUMENT - Petron Energy II, Inc.Financial_Report.xls
10-K - FORM 10-K - Petron Energy II, Inc.tenk.htm
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EX-31 - EXHIBIT 31 - Petron Energy II, Inc.exhibit31.htm
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v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets    
Cash $ 106,850 $ 88,742
Accounts Receivable--Oil & gas sales 53,466 14,664
Total Current Assets 160,316 103,406
Pipeline, net of accumulated depreciation of $179,289 and $113,422, respectively 808,711 874,578
Producing Oil & Gas Properties, net of accumulated depletion of $628,795 and $591,695, respectively 1,433,068 860,628
Other Depreciable Equipment, net of accumulated depreciation of $31,339 and $17,618, respectively 180,264 50,214
Other Assets 31,575 5,000
TOTAL ASSETS 2,613,934 1,893,826
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts Payable--Trade 443,114 20,923
Accounts Payable--Related Party 50,617 2,967
Accrued Liabilities 72,158 38,822
Total Current Liabilities 565,889 62,712
Asset Retirement Obligation 25,540   
TOTAL LIABILITIES 591,429 62,712
STOCKHOLDERS' EQUITY    
Preferred Stock, $0.001 par value, 9,999,000 shares authorized, none issued and outstanding      
Preferred Stock Series A, $0.001 par value, 1,000 shares authorized, issued and outstanding 1   
Common Stock, $0.001 par value, 1,000,000,000 shares authorized, 110,727,511 and 83,082,071 issued and outstanding, respectively 110,727 83,081
Additional Paid-In Capital 13,406,937 10,114,576
Accumulated Deficit (11,495,160) (8,366,543)
Total Stockholders' Equity 2,022,505 1,831,114
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,613,934 $ 1,893,826