v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,060,971 $ 2,971,558
Accounts receivable
Crude Oil and natural gas sales 1,433,262 1,777,846
Other 218,915 4,418
Short-term derivative instrument asset 674,314 106,397
Prepaid expenses and other current assets 488,183 298,886
Total current assets 5,875,645 5,159,105
Crude oil and natural gas properties, successful efforts method:    
Proved Properties 103,382,842 100,285,138
Accumulated depreciation, depletion, amortization and impairment (3,314,491) (2,759,226)
Total oil and natural gas properties, net 100,068,351 97,525,912
Other property, plant and equipment, net 20,000 20,000
Long-term derivative instrument asset
TOTAL ASSETS 105,963,996 102,705,017
Current liabilities    
Accounts payable 6,279,528 8,870,324
Accrued liabilities and other 9,118,446 7,923,613
Revenue and royalties payable 4,434,575 3,191,171
Deferred underwriting fee payable 1,199,368 1,065,000
Current portion of warrant liability 5,681,849
Current portion of long term debt 6,121,756 5,524,160
Forward purchase agreement liability
Total current liabilities 27,607,625 36,390,779
Long-term debt, net of current portion and discount 30,860,457 33,286,385
Convertible note liability 5,650,000 891,364
Deferred tax liability 1,523,603 2,692,733
Asset retirement obligations 1,430,899 1,049,285
Other liabilities 675,000 675,000
Total for non-current liabilities 40,139,959 38,594,767
Total liabilities 67,747,584 74,985,546
Commitments and Contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
Additional paid in capital 48,064,746 31,312,003
Accumulated deficit (31,072,183) (28,199,028)
Total stockholders’ equity attributable to EON Resources, Inc. 16,995,998 3,114,057
Noncontrolling interest 21,220,414 24,605,414
Total stockholders’ equity 38,216,412 27,719,471
Total liabilities and stockholders’ equity 105,963,996 102,705,017
Class A Common Stock    
Stockholders’ equity    
Common stock value 3,435 1,032
Class B Common Stock    
Stockholders’ equity    
Common stock value 50
Related Party    
Current liabilities    
Accounts payable – related parties 301,064 445,349
Revenue and royalties payable - Related Parties 152,888 132,563
Related party notes payable, net of discount $ 3,556,750