v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 646,009 $ 2,110,171
Accounts receivable 1,438,276 617,929
Stock subscription receivable 750,000
Prepaid expenses 49,395 14,810
Deposits 15,115 15,395
Total current assets 2,898,795 2,758,305
Long-term Assets    
Land 42,548,402 42,548,402
Property and equipment, net of accumulated depreciation 84,441 115,375
Note receivable 658,240
Long-term intangible assets 76,242,451 77,814,610
Total long-term assets 119,533,534 120,478,387
Total Assets 122,432,329 123,236,692
Current Liabilities    
Current portion of bank debt 400,000 400,000
Accounts payable 852,493 1,136,907
Accrued expenses 2,165,909 2,165,909
Total current liabilities 3,418,402 3,702,816
Long-term Liabilities    
Bank debt, net of current portion 1,200,000 1,400,000
Deposits held 1,000,000 1,000,000
Asset retirement obligations 79,919,368 79,344,297
Total long-term debt 82,119,368 81,744,297
Total liabilities 85,537,770 85,447,113
Stockholders’ Equity    
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 121,710,366 and 112,282,745 shares issued and outstanding, respectively 121,710 112,283
Additional paid-in-capital 61,854,557 59,063,484
Accumulated deficit (40,150,652) (37,712,204)
Total controlling equity interest 21,825,615 21,463,563
Noncontrolling equity interest 15,068,944 16,326,016
Total stockholders’ equity 36,894,559 37,789,579
Total Liabilities and Stockholders’ Equity $ 122,432,329 $ 123,236,692