Subsequent Events (Details) |
1 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
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May 27, 2020
USD ($)
$ / shares
shares
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Mar. 30, 2020
USD ($)
m²
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Feb. 29, 2020
USD ($)
a
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Feb. 28, 2019
USD ($)
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Feb. 29, 2020
USD ($)
a
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Apr. 17, 2020 |
Mar. 11, 2020
USD ($)
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Aug. 31, 2019
USD ($)
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Jul. 22, 2019
USD ($)
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Jan. 18, 2019
USD ($)
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Jun. 01, 2018
m²
|
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Subsequent Events (Details) [Line Items] | |||||||||||
Gross proceeds from convertible debt | $ 1,894,938 | $ 5,618,750 | |||||||||
Area of land secured by a first priority lien | m² | 1,312 | ||||||||||
Prepaid expenses and other current assets | 2,102,120 | $ 2,102,120 | $ 1,499,120 | ||||||||
Total consideration | 3,000,000 | 3,000,000 | $ 13,000,000 | $ 10,800,000 | |||||||
Settled payment | $ 1,907,000 | 1,907,000 | $ 1,800,000 | ||||||||
Outstanding balance from total consideration | $ 1,093,000 | ||||||||||
Lease agreement, description | (i) should all 10 of the leases be available, the Company will pay the additional $1,093,000 for the rights under the leases; (ii) if only a portion of the leases ranging from 4 to 9 of the leases are available, the Company will adjust the final purchase price of the leases to between $1.5 million and $2.5 million; and (iii) notwithstanding the above, if after a period of 7 years from April 17, 2020, if at least six of the leases are not available to the Company, then the Company may demand a refund of $1.2 million or instruct the Seller to acquire other leases in the same area for up to $1.2 million. | ||||||||||
Subsequent Event [Member] | |||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||
Convertible debt principal amount | $ 110,000 | ||||||||||
Debt conversion, converted instrument, shares issued (in Shares) | shares | 4,224,964 | ||||||||||
Conversion price per share (in Dollars per share) | $ / shares | $ 0.026 | ||||||||||
Area of land secured by a first priority lien | m² | 8,000 | ||||||||||
Investor [Member] | Subsequent Event [Member] | |||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||
Promissory note | $ 100,000 | ||||||||||
Mineral Leases [Member] | |||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||
Area of land secured by a first priority lien | a | 8,480 | 8,480 | |||||||||
Prepaid expenses and other current assets | $ 1,907,000 | $ 1,907,000 | |||||||||
Total consideration | 3,000,000 | 3,000,000 | |||||||||
Settled payment | $ 1,907,000 | 1,907,000 | |||||||||
Outstanding balance from total consideration | $ 1,093,000 | ||||||||||
Mineral Leases [Member] | Business Combination [Member] | |||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||
Other current assets for acquisition, percentage | 100.00% | 100.00% | |||||||||
Petroleum Capital Funding LP. [Member] | Subsequent Event [Member] | |||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||
Principal amount of convertible debt | $ 471,000 | ||||||||||
Original issue discount amount | $ 78,500 | ||||||||||
Original issue discount percent | 16.67% | ||||||||||
Gross proceeds from convertible debt | $ 392,500 |
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- Definition Description of lease agreement. No definition available.
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- Definition Original issue discount amount. No definition available.
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- Definition Original issues discount percent. No definition available.
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- Definition Outstanding Balance From Total Consideration. No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Area of land held. No definition available.
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- Definition Percentage of voting equity interests acquired in a business combination achieved in stages, including equity interests in the acquiree held by the acquirer immediately before the acquisition date and acquired at the acquisition date. No definition available.
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- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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