PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) |
Mar. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| PREPAID EXPENSES AND OTHER CURRENT ASSETS | ||
| 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 |
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- Definition Amount of asset related to consideration paid in advance for legal retainer that provides economic benefits within a future period of one year or the normal operating cycle, if longer. No definition available.
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- Definition Amount of asset related to consideration paid in advance for annual nasdaq fee that provides economic benefits within a future period of one year or the normal operating cycle, if longer. No definition available.
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- Definition Amount of retainer for work-over rigs paid in advance which will be charged against earnings in periods after one year or beyond the operating cycle, if longer. No definition available.
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- Definition Amount of retainer for work-over rigs paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. No definition available.
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Sum of the carrying amounts as of the balance sheet date of amounts paid in advance for expenses which will be charged against earnings in periods after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset related to consideration paid in advance for interest that provides economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset related to consideration paid in advance for income and other taxes that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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