v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Financial Statements

The following tables summarize the changes made to the affected financial statements and results of operations.

 

   March 31,
2025		   Adjustments   March 31,
2025		 
   As Reported       As Revised 
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY               
Asset retirement obligations   1,385,056    (179,555)   1,205,501 
Total for non-current liabilities   37,644,078    (179,555)   37,464,523 
Total liabilities   71,351,890    (179,555)   71,172,335 
Commitments and Contingencies   
 
    
 
    
 
 
Stockholders’ (deficit) equity               
Accumulated deficit   (29,951,259)   179,555    (29,771,704)
Total stockholders’ (deficit) attributable to HNR Acquisition Corp   11,287,742    179,555    11,467,297 
Total stockholders’ equity   32,508,156    179,555    32,687,711 
Total liabilities and stockholders’ equity   103,860,046    
-
    103,860,046 
Schedule of Changes Operations
   Three Months
Ended
March 31,
2025		   Adjustments   Three Months
Ended
March 31,
2025		 
   As Reported       As Revised 
Expenses            
Accretion of asset retirement obligations   335,771    (179,555)   156,216 
Total expenses   4,835,928    (179,555)   4,656,373 
Operating income (loss)   (271,330)   179,555    (91,775)
Income (loss) before income taxes   (2,522,616)   179,555    (2,343,061)
Net income (loss)   (1,752,231)   179,555    (1,572,676)
Net income (loss) attributable to HNR Acquisition Corp.  $(1,752,231)  $179,555   $(1,572,676)
                
Weighted average share outstanding, common stock - basic and diluted   5,235,131    5,235,131    5,235,131 
Net income (loss) per share of common stock – basic and diluted  $(0.11)   0.01   $(0.10)
Schedule of Changes in Stockholders’ Equity
                           Total         
   Class A   Class B   Additional       Stockholders’
(Deficit)
Equity
Attributable to
HNR		       Total
Stockholders’		 
   Common Stock   Common Stock   Paid In   Accumulated   Acquisition   Noncontrolling   (Deficit) 
   Shares   Amount   Shares   Amount   Capital   deficit   Corp.   Interest   Equity 
As Reported                                    
Net loss   -    -    -    -         (1,752,231)   (1,752,231)   
-
    (1,752,231)
Balance – March 31, 2024   5,235,131   $524    1,800,000   $180   $17,017,104   $(29,951,259)  $11,287,742   $33,406,414   $32,508,156 
                                              
Adjustment                           $(179,555)  $(179,555)  $
-
   $(179,555)
                                              
As Revised                                             
Net loss   -    -    -    -         (1,572,676)   (1,572,676)   
-
    (1,572,676)
Balance – March 31, 2024   5,235,131   $524    1,800,000   $180   $17,017,104   $(29,771,704)  $11,467,297   $33,406,414   $32,687,711 
Schedule of Change in Cash Flow
   Three Months
Ended
March 31,
2025		   Adjustments   Three Months
Ended
March 31,
2025		 
   As Reported       As Revised 
Operating activities:            
Net income (loss)  $(1,752,231)  $179,555   $(1,572,676)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:               
Accretion of asset retirement obligations   335,771    (179,555)   156,216 
Net cash provided by operating activities   (1,827,335)   
-
    (1,827,335)