v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities          
Net loss $ (2,050,000) $ (1,911,000) $ (4,133,000) $ (3,586,000)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation     505,000 364,000  
Amortization of Right of Use Lease Assets     127,000 51,000  
Cost of options issued to employees, directors and others as non-cash compensation     42,000 18,000  
Change in assets and liabilities, net:          
Prepaid expenses and other     208,000 199,000  
Governmental receivables     (451,000) (156,000)  
Other receivables     7,000 (31,000)  
Lease obligation – current and non-current     1,000 (63,000)  
Severance pay, net     4,000 1,000  
Accounts payable     13,000 30,000  
Accrued liabilities     4,000 32,000  
Net cash used in operating activities     (3,673,000) (3,141,000)  
Cash flows from investing activities          
Net cash used in investing activities     (6,440,000) (3,977,000)  
Cash flows from financing activities          
Proceeds from exercise of stock options     69,000 1,000  
Changes in insurance premium financing     0 (314,000)  
Proceeds from issuance of stock and exercise of warrants     11,394,000 13,780,000  
Net cash provided by financing activities     11,463,000 13,467,000  
Net increase in cash, cash equivalents and restricted cash     1,350,000 6,349,000  
Cash, cash equivalents and restricted cash – beginning of period     9,862,000 3,336,000 $ 3,336,000
Cash, cash equivalents and restricted cash – end of period 11,212,000 $ 9,685,000 11,212,000 9,685,000 9,862,000
Non-cash investing and financing activities:          
Unpaid investments in oil & gas properties     1,312,000 1,594,000  
Unpaid investments in drilling rig and related equipment     849,000 0  
Depreciation of oil and gas equipment     254,000 64,000  
Stock subscription receivable     208,000 179,000  
Cash and cash equivalents 9,608,000   9,608,000   8,313,000
Cash and cash equivalents – restricted 1,604,000   1,604,000   1,549,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation $ 11,212,000   11,212,000   9,862,000
Property and Equipment [Member]          
Cash flows from investing activities          
Acquisition of property and equipment     (25,000) (9,000)  
Drilling Rig and Related Equipment [Member]          
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation     501,000   $ 714,000
Cash flows from investing activities          
Acquisition of property and equipment     (1,652,000) (108,000)  
Oil and Gas Properties [Member]          
Cash flows from investing activities          
Acquisition of property and equipment     $ (4,763,000) $ (3,860,000)