v3.25.2
23. SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
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