v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows provided by (used in) Operating Activities    
Net loss $ (10,561,149) $ (59,614,467)
Adjustments to reconcile net loss to net cash from operations:    
Accretion expense 7,197 806,381
Expense related to stock based compensation 128 54,381
Debt issuance cost 4,843
Impairment expense 5,373,207 56,186,313
Imputed interest on note payable 50,000 37,500
Change in:    
Accounts receivable 84,549 123,882
Other asset - related party (88,215) (254,548)
Prepaid expenses (77,357) (18,515)
Asset retirement obligation applied to P&A cost (30,995) (26,670)
Interest payable 3,194,409 755,696
Accounts payable and accrued expenses 146,874 (3,256,094)
Account payable, related party 97,027
Net cash used in operating activities (1,896,509) (5,109,114)
Cash Flows provided by (used in) Investing Activities    
Investment in oil and natural gas properties (4,803,655) (448,477)
Proceeds from sale of assets 1,141,142
Net cash provided by (used in) investing activities (4,803,655) 692,665
Cash Flows provided by Financing Activities    
Proceeds from notes payable, related party 2,673,000 1,250,000
Proceeds from promissory note 6,000,000 2,000,000
Payments on promissory notes (2,000,000)
Prepayments, working interest owners (311,281)
Net cash provided by financing activities 6,673,000 2,938,719
Net change in cash (27,164) (1,477,730)
Cash - beginning of period 191,117 1,668,847
Cash - end of period 163,953 191,117
Supplemental disclosure of cash flow information:    
Cash paid for interest 385,333
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued in property acquisition 1,243,565
Common stock issued after 12/31/2024 for mineral property acquisitions 843
Addition to note payable to reimburse lease payments 278,054
Recognition of ARO liability (0) 70,949
Capitalized Interest 2,182,539
Increase in note payable, related party for settlement of accounts payable $ 215,000