v3.25.1
Oil and Gas Properties and Property, plant and equipment (Tables)
3 Months Ended
Mar. 31, 2025
Property, plant and equipment [Abstract]  
Schedule of Oil and Gas Properties Include the Cost of Properties

Oil and gas properties include the cost of properties, equipment and facilities for oil and natural-gas producing activities, excluding any asset retirement obligations. At March 31, 2025, the Company’s oil and gas properties, net consisted of the following: 

 

   2025 
Oil and gas properties   2,441,712 
Less: accumulated depreciation   (124,494)
   $2,317,218 
Schedule of Property, Plant and Equipment, Net

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At March 31, 2025 and December 31, 2024, the Company’s property, plant and equipment, net consisted of the following: 

 

   2025   2024 
Computer equipment and software  $100,370   $100,370 
Furniture and other equipment   16,251    16,251 
Leasehold improvements   11,991    11,991 
Equipment and machinery   965,171    770,939 
Automobiles   4,638    4,638 
Building   3,447,763    3,447,763 
Property, plant and equipment   4,546,184    4,351,952 
Less: accumulated depreciation   (306,096)   (386,526)
   $4,240,088   $3,965,426