v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (1,251,680) $ (2,159,016)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities:    
Depreciation, Depletion, and Amortization 259,438 308,523
Impairment 27,250 400,719
Gain on Sale of Assets 0 (17,500)
Gain on Turnkey Drilling Programs (1,322,149) (1,607,677)
Credit Loss Expense 137,221 450,743
Settlement on Asset Retirement Obligation (78,839) (151,856)
Stock-Based Compensation 0 35,999
Accretion of Debt Restructure Note Payable Interest 131,822 31,514
Right of Use Asset Depreciation 14,615 7,167
Other & Revenue Receivables 69,924 (169,046)
Prepaid Expenses and Other Assets (62,400) (44,244)
Accounts Payable and Accrued Expenses (625,022) 552,911
Royalties Payable 0 (1,092)
Net Cash Used in Operating Activities (2,699,820) (2,362,855)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for Oil and Gas Properties (1,490,736) (4,914,671)
Acquisition of property (1,500,000) 0
Proceeds from Turnkey Drilling Programs 5,575,000 8,258,791
Net Cash Provided by Investing Activities 2,584,264 3,344,120
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Long-Term Debt 500,000 1,400,000
Principal Payments on Long-Term Debt (11,613) (6,623)
Net Cash Provided by Financing Activities 488,387 1,393,377
Net Increase in Cash, Cash Equivalents, and Restricted Cash 372,831 2,374,642
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 7,902,163 5,527,521
Cash, Cash Equivalents, and Restricted Cash at End of Year 8,274,994 7,902,163
Supplemental Schedule of Cashflow information    
Cash Paid for Interest 272,229 273,360
Cash Paid for Taxes 9,218 8,150
Supplemental Schedule of Non-Cash Investing and Financing Transactions:    
Conversion of Preferred Stock to Common 0 24,664,543
Additions to asset retirement obligation 112,417 865
Revisions to asset retirement obligations $ (41,622) $ 63,224