23. SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |
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Sep. 30, 2024 |
Jun. 30, 2024 |
Sep. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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Crude Oil Segment | |||||
Net sales | $ 23,364,188 | $ 50,731,889 | |||
Cost of goods sold | 24,759,530 | 48,391,724 | |||
Gross profit (loss) | (1,395,342) | 2,340,165 | |||
Operating expenses | |||||
General and administrative | 6,121,955 | 3,702,743 | |||
Depreciation and amortization | 5,889 | 5,303 | |||
Total operating expenses | 6,127,844 | 3,708,046 | |||
Loss from operations | (7,523,186) | (1,367,881) | |||
Other income (expense) | |||||
Gain on warrant valuation | 1,477,870 | 0 | |||
Other income | 35,637 | 26,008 | |||
Gain (loss) on sale of assets | (25,075) | 564,811 | |||
Loss on extinguishment of debt | (241,311) | (205,425) | |||
Loss on issuance of private placement warrants | (1,935,934) | 0 | |||
Interest expense | (6,516,512) | (3,639,520) | |||
Other expense, net | (7,205,325) | (3,254,126) | |||
Loss before benefit from income taxes | (14,728,511) | (4,622,007) | |||
Provision for income tax benefit | 0 | 185,535 | |||
Net loss | (14,728,511) | (4,436,472) | |||
Other comprehensive loss | |||||
Foreign currency translation adjustment | (8,203) | (24,185) | |||
Comprehensive loss | (14,736,714) | (4,460,657) | |||
Foreland Refining | |||||
Other comprehensive loss | |||||
Total assets | 15,065,555 | 18,503,859 | |||
2020 Resources LLC | |||||
Other comprehensive loss | |||||
Total assets | 11,881,688 | 9,672,121 | |||
Net sales | 23,364,188 | 50,731,889 | |||
Cost of goods sold | $ 4,750,839 | $ 14,243,714 | $ 18,994,553 | 24,759,530 | 48,391,724 |
Gross profit (loss) | 95,956 | 86,860 | 179,816 | (1,395,342) | 2,340,165 |
General and administrative | 1,279,636 | 2,579,262 | 3,857,418 | 6,121,955 | 3,702,743 |
Depreciation and amortization | 1,472 | 2,945 | 4,417 | 5,889 | 5,303 |
Total operating expenses | 6,127,844 | 3,708,046 | |||
Loss from operations | $ (1,185,152) | $ (2,498,347) | $ (3,682,019) | (7,523,186) | (1,367,881) |
Gain on warrant valuation | 1,477,870 | 0 | |||
Other income | 35,637 | 26,008 | |||
Gain (loss) on sale of assets | (25,075) | 564,811 | |||
Loss on extinguishment of debt | (241,311) | (205,425) | |||
Loss on issuance of private placement warrants | (1,935,934) | 0 | |||
Interest expense | (6,516,512) | (3,639,520) | |||
Other expense, net | (7,205,325) | (3,254,126) | |||
Loss before benefit from income taxes | (14,728,511) | (4,622,007) | |||
Provision for income tax benefit | 0 | 185,535 | |||
Net loss | (14,728,511) | (4,436,472) | |||
Foreign currency translation adjustment | (8,203) | (24,185) | |||
Comprehensive loss | (14,736,714) | (4,460,657) | |||
Total assets | $ 26,947,243 | $ 28,175,980 |
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- Definition Represents the monetary amount of Exchange gain (loss) on translation of foreign operations, during the indicated time period. No definition available.
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- Definition Represents the monetary amount of Loss on issuance of private placement warrants, during the indicated time period. No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets utilized in financial service operations. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of sales-type lease revenue. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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