Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| Income Tax Disclosure [Abstract] |
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| Schedule of income (loss) before income taxes |
| | | | | | | | | Year ended December 31, | | | 2025 | | 2024 | Foreign | | $ | (5,002,874) | | $ | (2,769,534) | U.S. | | | (433,258) | | | 6,326,427 | | | $ | (5,436,132) | | $ | 3,556,893 |
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| Schedule of current and deferred tax expense (benefit) |
| | | | | | | | | Year ended December 31, | | | 2025 | | 2024 | Current: | | | | | | | Federal | | $ | 218,565 | | $ | 391,009 | State | | | 16,235 | | | 53,450 | Foreign | | | 10,923 | | | — | Total current income tax expense | | | 245,723 | | | 444,459 | Deferred: | | | | | | | Federal | | | (96,957) | | | 1,372,363 | State | | | 213,965 | | | (187,729) | Total deferred tax expense | | | 117,008 | | | 1,184,634 | Income tax expense | | $ | 362,731 | | $ | 1,629,093 |
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| Schedule of reconciliation between statutory rate and effective income tax rate |
| | | | | | | | | Year Ended | | | | | | December 31, | | Effective | | | | 2025 | | Tax Rate | | US Federal Statutory Tax Rate | | $ | (1,141,588) | | 21.00 | % | State and Local Income Taxes, Net of Federal Income Tax Effect* | | | 226,790 | | (4.17) | % | Foreign Tax Effects | | | | | | | Canada | | | | | | | Statutory tax rate difference between Canada and United States | | | (467,456) | | 8.60 | % | US withholding tax on dividends from United States to Canada | | | 248,783 | | (4.58) | % | Changes in valuation allowance | | | 1,144,121 | | (21.05) | % | Other | | | (26,291) | | 0.48 | % | Alberta | | | | | | | Statutory tax rate difference between Alberta and United States | | | (195,946) | | 3.60 | % | Changes in valuation allowance | | | 610,198 | | (11.22) | % | Other | | | (14,022) | | 0.26 | % | Nontaxable or Nondeductible Items | | | | | | | Other | | | (21,858) | | 0.40 | % | Income tax expense | | $ | 362,731 | | (6.68) | % |
*State taxes in Pennsylvania made up the majority (greater than 50 percent) of the tax effect in this category. | | | | | | | | | Year Ended | | | | | | December 31, | | Effective | | | | 2024 | | Tax Rate | | Income tax provision computed at the statutory federal tax rate | | $ | 746,947 | | 21.00 | % | Difference in Canadian and U.S. tax rate | | | (55,391) | | (1.56) | % | Adjustment of Canadian deferred tax balances | | | 983,975 | | 27.66 | % | Valuation allowance on Canadian loss | | | (425,667) | | (11.97) | % | Return to provision adjustment | | | (1,245) | | (0.04) | % | State taxes | | | (129,233) | | (3.63) | % | State valuation allowance | | | (16,271) | | (0.46) | % | Foreign withholding on dividends | | | 414,250 | | 11.65 | % | Miscellaneous other items | | | 111,728 | | 3.14 | % | Income tax expense | | $ | 1,629,093 | | 45.79 | % |
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| Schedule of net deferred tax liabilities |
| | | | | | | | | As of December 31, | | | 2025 | | 2024 | Deferred tax assets: | | | | | | | US Federal and state net operating loss carryforwards | | $ | 2,030,390 | | $ | 358,224 | Canadian net operating loss carryforwards | | | 12,839,073 | | | 11,084,754 | ARO | | | 1,768,208 | | | 873,169 | Lease Liabilities | | | 87,015 | | | 114,196 | Other | | | 275,810 | | | 159,582 | Unrealized derivatives | | | — | | | 116,743 | Gross deferred tax assets | | | 17,000,496 | | | 12,706,668 | Valuation allowance | | | (13,258,688) | | | (11,213,899) | Total net deferred tax assets | | | 3,741,808 | | | 1,492,769 | Deferred tax liabilities: | | | | | | | Oil and gas property | | | (14,184,652) | | | (12,620,466) | Partnership | | | (1,413,943) | | | (1,528,368) | ROU Assets | | | (60,811) | | | (82,512) | Unrealized derivatives | | | (937,987) | | | — | Gross deferred tax liabilities | | | (16,597,393) | | | (14,231,346) | Net deferred tax liability | | $ | (12,855,585) | | $ | (12,738,577) |
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| Schedule of components of the payments for income taxes |
| | | | | | Year Ended | | | December 31, | | | 2025 | US Federal | | $ | 1,417,860 | State | | | | Pennsylvania | | | 755,138 | Other | | | 3,986 | Total net payments | | $ | 2,176,984 |
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