v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 41,434,379 $ 30,494,320
Investment in debt securities held to maturity 4,665,947 4,577,706
Accounts receivable, net 2,607,687 4,213,305
Inventories 21,605,870 12,522,009
Prepaid expenses and other current assets 2,312,590 434,842
Note receivable 4,000,000 2,500,000
Total current assets 76,626,473 54,742,182
Property, plant and equipment, net 53,449,214 42,374,839
Operating lease right-of-use assets 29,306 48,106
Investment in debt securities held to maturity - noncurrent 16,065,384 15,773,251
Investment in equity securities 43,219,151 40,494,328
Investment in joint venture 76,360  
Restricted cash 820,619 162,756
Other assets, net 330,207 330,207
Total assets 190,616,714 153,925,669
CURRENT LIABILITIES    
Accounts payable 3,938,384 6,924,518
Current portion of operating lease liabilities 19,937 34,103
Current portion of long-term debt 175,913 136,942
Total current liabilities 6,640,958 10,177,336
Operating lease liabilities, net of current portion 9,369 14,003
Long-term debt, net of current portion 158,862 58,483
Asset retirement obligations 2,785,687 2,720,658
Total liabilities 9,594,876 12,970,480
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value, 250,000,000 shares authorized; 150,521,555 and 140,042,270 shares issued, respectively 1,505,216 1,400,423
Treasury stock (1,050,186 and 149,639 shares of common stock at cost, respectively) (9,418,009) (574,153)
Additional paid-in capital 245,598,101 185,608,189
Accumulated deficit (56,672,749) (45,488,549)
Total stockholders' equity 181,021,838 140,955,189
Total liabilities and stockholders' equity 190,616,714 153,925,669
Series B    
STOCKHOLDERS' EQUITY    
Preferred stock 7,500 7,500
Series C    
STOCKHOLDERS' EQUITY    
Preferred stock 1,779 1,779
Non-related party    
CURRENT LIABILITIES    
Accrued liabilities 2,377,849 2,937,842
Directors    
CURRENT LIABILITIES    
Accrued liabilities $ 128,875 $ 143,931