v3.25.1
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
PREPAID EXPENSES AND OTHER CURRENT ASSETS  
Schedule of prepaid expenses and other current assets

    

March 31, 

    

December 31, 

    

2025

    

2024

Retainer for workover rigs

$

240,000

$

240,000

Legal Retainer

50,000

Prepaid insurance

418,949

575,498

Prepaid interest

24,374

Prepaid annual Nasdaq fee

 

52,500

 

Prepaid expense

 

3,444

 

3,444

Prepaid taxes

133,198

133,198

Security deposit

 

5,050

 

5,050

Other

 

9,986

 

9,986

Total prepaid expenses and other current assets- current

$

937,501

$

967,176

Retainer for workover rigs

$

300,000

$

360,000

Total prepaid expenses-noncurrent

$

300,000

$

360,000