v3.25.2
22. SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Crude Oil Segment              
Net sales $ 4,541,472   $ 3,375,244   $ 10,874,439 $ 14,327,574  
Cost of goods sold 4,658,440   3,860,833   11,717,499 14,243,714  
Gross margin (116,968)   (485,589)   (843,060) 83,860  
Operating expenses              
General and administrative 1,620,696   971,378   3,554,522 2,579,262  
Depreciation and amortization 2,916   1,473   4,944 2,945  
Total operating expenses 1,623,612   972,851   3,559,466 2,582,207  
Loss from operations (1,740,580)   (1,458,440)   (4,402,428) (2,498,347)  
Other income (expense)              
Interest expense (318,708)   (2,105,821)   (1,191,176) (3,414,266)  
Gain (loss) on extinguishment of debt 29,093   0   (56,660) (108,887)  
Gain (loss) on warrant valuation (174,354)   0   100,626 0  
Other income (expense) (4,101)   26,858   3,472 21,552  
Gain (loss) on sale of assets 0   (25,075)   3,920 (25,075)  
Other expense, net (468,070)   (2,104,038)   (1,139,818) (3,526,676)  
Loss before provision for income taxes (2,208,650)   (3,562,478)   (5,542,344) (6,025,023)  
Provision for income taxes 0   0   0 0  
Net loss (2,208,650)   (3,562,478)   (5,542,344) (6,025,023)  
Other comprehensive loss              
Exchange loss on translation of foreign operations (2,097)   0   (1,675) (8,134)  
Net loss and comprehensive loss $ (2,210,747)   $ (3,562,478)   $ (5,544,019) $ (6,033,157)  
Loss per common share - Basic and diluted (0.1)   (0.22)   (0.27) (0.37)  
Weighted average number of shares outstanding - basic and diluted 21,589,413   16,347,767   20,422,497 16,426,722  
Foreland Refining              
Other comprehensive loss              
Total assets $ 11,091,482   $ 16,980,073   $ 11,091,482 $ 16,980,073  
2020 Resources LLC              
Other comprehensive loss              
Total assets 11,709,079   11,785,204   11,709,079 11,785,204  
Net sales 4,541,472   3,375,244   10,874,439 14,327,574  
Cost of goods sold 4,658,440   3,860,833   11,717,499 14,243,714  
Gross margin (116,968)   (485,589)   (843,060) 83,860  
General and administrative 1,620,696   971,378   3,554,426 2,579,262  
Depreciation and amortization 2,916   1,473   4,944 2,945  
Total operating expenses 1,623,612   972,851   3,559,370 2,582,207  
Loss from operations (1,740,580)   (1,458,440)   (4,402,430) (2,498,347)  
Interest expense (318,708)   (2,105,821)   (1,191,176) (3,414,266)  
Gain (loss) on extinguishment of debt 29,093   0   (56,660) (108,887)  
Gain (loss) on warrant valuation (174,354)   0   100,626 0  
Other income (expense) (4,101)   26,858   3,376 21,552  
Gain (loss) on sale of assets 0   (25,075)   3,920 (25,075)  
Other expense, net (468,070)   (2,104,038)   (1,139,914) (3,526,676)  
Loss before provision for income taxes (2,208,650)   (3,562,478)   (5,542,344) (6,025,023)  
Provision for income taxes 0   0   0 0  
Net loss (2,208,650) $ (3,333,694) (3,562,478) $ (2,462,545) (5,542,344) (6,025,023)  
Exchange loss on translation of foreign operations (2,097)   0   (1,675) (8,134)  
Net loss and comprehensive loss $ (2,210,747)   $ (3,562,478)   $ (5,544,019) $ (6,033,157)  
Loss per common share - Basic and diluted (0.1)   (0.22)   (0.27) (0.37)  
Weighted average number of shares outstanding - basic and diluted 21,589,413   16,347,767   20,422,497 16,426,722  
Total assets $ 22,800,561   $ 28,738,277   $ 22,800,561 $ 28,738,277 $ 26,947,243