v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 163,953 $ 191,117
Accounts receivable 85,000
Production receivable 451
Prepaid expenses 172,613 95,256
Total current assets 337,017 371,373
Oil and natural gas properties 569,551
Other assets    
Deposit - RRC 105,179 105,179
Other asset - related party 474,103 385,888
Total other assets 579,282 491,067
TOTAL ASSETS 916,299 1,431,991
Current liabilities:    
Accounts payable 451,716 519,841
Accounts payable - related party 97,027 97,027
Note payable - related party 45,853,832 42,750,832
Note payable 6,000,000 2,000,000
Accrued interest payable 9,787,819 6,808,410
Total current liabilities 62,190,394 52,176,110
Asset retirement obligations 1,075,513 1,099,311
Total liabilities 63,265,907 53,275,421
Commitments and contingencies
Mezzanine equity, Series “A” redeemable, non voting, preferred stock 4,843
Preferred stock, par value $0.0001, 50,000,000 shares authorized; 3,000,000 and -0- issued and outstanding at December 31, 2025 and December 31, 2024
Stockholders’ deficit:    
Common stock, par value $0.0001; 500,000,000 shares authorized; 264,637,564 issued and outstanding at December 31, 2025 issued and 251,930,516 outstanding at December 31, 2024; 26,464 25,193
Shares to be issued 1,143
Additional paid-in capital 107,728,096 107,678,096
Accumulated deficit (170,109,011) (159,547,862)
Total stockholders’ deficit (62,354,451) (51,843,430)
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ DEFICIT $ 916,299 $ 1,431,991