v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
ASSETS      
Cash and cash equivalents $ 3,074,094 $ 2,971,558 $ 3,505,454
Accounts receivable  
Crude Oil and natural gas sales 1,702,245 1,777,846 2,103,341
Other 254,943 4,418 90,163
Short-term derivative instrument asset 164,185 106,397 391,488
Prepaid expenses and other current assets 574,788 298,886 722,002
Total current assets 5,770,255 5,159,105 6,812,448
Crude oil and natural gas properties, successful efforts method:      
Proved Properties 100,926,091 100,285,138 94,189,372
Accumulated depreciation, depletion, amortization and impairment (2,856,300) (2,759,226) (352,127)
Total oil and natural gas properties, net 98,069,791 97,525,912 93,837,245
Other property, plant and equipment, net 20,000 20,000
Long-term derivative instrument asset 76,199
TOTAL ASSETS 103,860,046 102,705,017 100,725,892
Current liabilities      
Accounts payable 6,599,927 8,870,324 4,033,208
Accrued liabilities and other 8,393,414 7,923,613 4,422,183
Revenue and royalties payable 4,117,471 3,191,171 461,773
Deferred underwriting fee payable 1,199,368 1,065,000 1,300,000
Current portion of warrant liability 4,118,030 5,681,849
Current portion of long term debt 5,754,397 5,524,160 4,157,602
Forward purchase agreement liability 1,094,097
Total current liabilities 33,707,812 36,390,779 20,113,049
Long-term debt, net of current portion and discount 32,099,417 33,286,385 37,486,206
Warrant liability   4,777,971
Convertible note liability 1,562,257 891,364
Deferred tax liability 1,922,348 2,692,733 6,163,140
Asset retirement obligations 1,385,056 1,049,285 904,297
Other liabilities 675,000 675,000 675,000
Total for non-current liabilities 37,644,078 38,594,767 50,006,614
Total liabilities 71,351,890 74,985,546 70,119,663
Commitments and Contingencies
Stockholders’ (deficit) equity      
Preferred stock, value
Additional paid in capital 41,237,209 31,312,003 16,317,856
Accumulated deficit (29,951,259) (28,199,028) (19,118,745)
Total stockholders’ equity attributable to EON Resources, Inc. 11,287,742 3,114,057 (2,800,185)
Noncontrolling interest 21,220,414 24,605,414 33,406,414
Total stockholders’ equity 32,508,156 27,719,471 30,606,229
Total liabilities and stockholders’ equity 103,860,046 102,705,017 100,725,892
Class A Common Stock      
Stockholders’ (deficit) equity      
Common stock value 1,792 1,032 524
Class B Common Stock      
Stockholders’ (deficit) equity      
Common stock value 50 180
Related parties      
Current liabilities      
Accounts payable – related parties 445,349 445,349 762,000
Revenue and royalties payable - Related Parties 179,856 132,563 1,523,138
Related party notes payable, net of discount $ 2,900,000 $ 3,556,750 $ 2,359,048