ASSET RETIREMENT OBLIGATIONS (Details) - USD ($) |
3 Months Ended | 12 Months Ended |
|---|---|---|
Mar. 31, 2022 |
Dec. 31, 2021 |
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| ASSET RETIREMENT OBLIGATIONS | ||
| Carrying amount at beginning of period | $ 53,055 | $ 46,748 |
| Acquisition of Viking | 0 | 0 |
| Accretion | 1,264 | 6,307 |
| Carrying amount at end of period | $ 54,319 | $ 53,055 |
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash paid during the period to settle an asset retirement obligation. Amounts paid to settle an asset retirement obligation are generally included in the operating section of the Statement of Cash Flows. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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