Restatement of Comparative Financial Statement (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Condensed Financial Information Disclosure [Abstract] |
|
| Schedule of Corrected Condensed Consolidated Statement of Operations |
Corrected Condensed Consolidated Statement of Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2024 |
|
|
|
|
|
|
Debt Issuance,
Capitalized
Interest and
Other
Corrections |
|
|
|
|
Depreciation, depletion, amortization, and accretion |
|
$ |
13,368 |
|
|
$ |
37 |
|
|
$ |
13,405 |
|
Advertising and marketing |
|
|
8,355 |
|
|
|
(8,338 |
) |
|
|
17 |
|
Selling, general, and administrative |
|
|
7,014 |
|
|
|
(1,764 |
) |
|
|
5,250 |
|
Payroll and payroll-related |
|
|
6,892 |
|
|
|
(2,067 |
) |
|
|
4,825 |
|
Total operating expenses |
|
|
44,175 |
|
|
|
(12,132 |
) |
|
|
32,043 |
|
Income (loss) from operations |
|
|
(3,495 |
) |
|
|
12,132 |
|
|
|
8,637 |
|
Interest expense, net |
|
|
(15,217 |
) |
|
|
(1,704 |
) |
|
|
(16,921 |
) |
Loss on debt extinguishment |
|
|
— |
|
|
|
(76 |
) |
|
|
(76 |
) |
Total other expenses |
|
|
(15,262 |
) |
|
|
(1,780 |
) |
|
|
(17,042 |
) |
Net loss |
|
|
(18,757 |
) |
|
|
10,352 |
|
|
|
(8,405 |
) |
|
| Schedule of Corrected Condensed Consolidated Statement of Changes in Equity |
Corrected Condensed Consolidated St ate ment of Changes in Deficit
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2024 |
|
|
|
|
|
|
Debt Issuance,
Capitalized
Interest and
Other
Corrections |
|
|
|
|
Balance, January 1, 2024 |
|
$ |
(41,261 |
) |
|
$ |
36,427 |
|
|
$ |
(4,834 |
) |
Contributions |
|
|
325 |
|
|
|
— |
|
|
|
325 |
|
Net loss |
|
|
(18,757 |
) |
|
|
10,352 |
|
|
|
(8,405 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, March 31, 2024 |
|
$ |
(59,693 |
) |
|
$ |
46,779 |
|
|
$ |
(12,914 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Corrected Condensed Consolidated Statement of Cash Flows |
Corrected Condensed Consolidated Statement of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2024 |
|
|
|
|
|
|
Debt Issuance,
Capitalized
Interest and
Other
Corrections |
|
|
|
|
Net loss |
|
$ |
(18,757 |
) |
|
$ |
10,352 |
|
|
$ |
(8,405 |
) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion, amortization, and accretion |
|
|
13,368 |
|
|
|
37 |
|
|
|
13,405 |
|
Amortization of debt discount and debt issuance costs |
|
|
133 |
|
|
|
3,806 |
|
|
|
3,939 |
|
Loss on sale of assets |
|
|
— |
|
|
|
564 |
|
|
|
564 |
|
Loss on debt extinguishment |
|
|
— |
|
|
|
76 |
|
|
|
76 |
|
Other |
|
|
(1,510 |
) |
|
|
(157 |
) |
|
|
(1,667 |
) |
Net cash provided by (used in) operating activities |
|
|
(3,430 |
) |
|
|
14,678 |
|
|
|
11,248 |
|
Additions to oil and gas properties and leases |
|
|
(92,459 |
) |
|
|
(2,249 |
) |
|
|
(94,708 |
) |
Net cash used in investing activities |
|
|
(86,314 |
) |
|
|
(2,249 |
) |
|
|
(88,563 |
) |
Payments of debt issuance costs |
|
|
— |
|
|
|
(12,012 |
) |
|
|
(12,012 |
) |
Payments of deferred closings |
|
|
(1,830 |
) |
|
|
(417 |
) |
|
|
(2,247 |
) |
Net cash provided by financing activities |
|
|
86,780 |
|
|
|
(12,429 |
) |
|
|
74,351 |
|
|