ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||||
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Mar. 26, 2021 |
May 31, 2020 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Mar. 25, 2021 |
Dec. 31, 2020 |
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Capitalization of pre-acquisition costs | $ 3,200,000 | |||||
Stock based compensation | $ 102,000 | $ 25,614 | ||||
Reverse Stock Split | On March 26, 2021, the Company effected a one-for-ten reverse stock split. | |||||
Common Stock, Shares Outstanding | 35,850,089 | 37,438,668 | 358,499,606 | 35,850,089 | ||
Bakersfield Refinery | ||||||
Financing for retrofit | $ 365,000,000 | |||||
Office Equipment | Minimum | ||||||
Property, Plant and Equipment, Useful Life | 3 years | |||||
Office Equipment | Maximum | ||||||
Property, Plant and Equipment, Useful Life | 5 years | |||||
Refinery Assets and Buildings | Minimum | ||||||
Property, Plant and Equipment, Useful Life | 5 years | |||||
Refinery Assets and Buildings | Maximum | ||||||
Property, Plant and Equipment, Useful Life | 25 years |
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- References No definition available.
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the reverse stock split arrangement. Also provide the retroactive effect given by the reverse split that occurs after the balance sheet date but before the release of financial statements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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