v2.4.1.9

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
REVENUE
Oil and Gas sales	$ 160,752us-gaap_OilAndGasRevenue	$ 134,260us-gaap_OilAndGasRevenue
Administrative Revenues	44,850us-gaap_AdministrativeServicesRevenue	2,925us-gaap_AdministrativeServicesRevenue
TOTAL REVENUE	205,602us-gaap_Revenues	137,185us-gaap_Revenues
OPERATING EXPENSES
Lease operating expenses	189,927us-gaap_LeaseOperatingExpense	139,258us-gaap_LeaseOperatingExpense
Bad debt expense		12,660us-gaap_ProvisionForDoubtfulAccounts
Accretion expense	3,000us-gaap_AccretionExpense	3,186us-gaap_AccretionExpense
Depletion expense	10,543us-gaap_DepletionOfOilAndGasProperties	19,887us-gaap_DepletionOfOilAndGasProperties
General and administrative	88,281us-gaap_GeneralAndAdministrativeExpense	254,234us-gaap_GeneralAndAdministrativeExpense
Total Operating Expenses	291,751us-gaap_OperatingExpenses	429,225us-gaap_OperatingExpenses
Net Loss Before Other Expenses	(86,149)us-gaap_OperatingIncomeLoss	(292,040)us-gaap_OperatingIncomeLoss
Other Income (Expense)
Interest Income (expense)	4us-gaap_InterestExpense	(114,736)us-gaap_InterestExpense
Recovery of bad debt	47,232
Gain (loss) on embedded derivatives		85,736
Loss on Conversion of Debt		(102,810)us-gaap_OtherNoncashExpense
Total other income (expense)	47,236us-gaap_NonoperatingIncomeExpense	(131,810)us-gaap_NonoperatingIncomeExpense
Net Loss	$ (38,913)us-gaap_NetIncomeLoss	$ (423,850)us-gaap_NetIncomeLoss
Loss per share-Basic	$ 0.00us-gaap_EarningsPerShareBasic	$ 0.00us-gaap_EarningsPerShareBasic
Weighted average number of shares outstanding-Basic	321,867,909	96,539,205
Loss per share-Diluted	$ 0us-gaap_EarningsPerShareDiluted	$ 0us-gaap_EarningsPerShareDiluted
Weighted average number of shares outstanding-Diluted	321,867,909	96,539,205

Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.

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United American Petroleum Corp. 10-Q