v3.26.1
Consolidated 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 income (loss) $ (1,861,830) $ (1,028,795) $ (3,695,520) $ 4,070,832  
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:          
Gain on bargain purchase (5,602,484)  
Gain on removal of permitted sites     (2,444)  
Net gain on asset disposals 34,012 (25,668)  
Deficiency claims on returned equipment     560,402  
Fair value of vested stock options     108,000 168,980  
Depreciation from continuing operations     30,934 63,771 $ 78,383
Depreciation from discontinued operations     61,272 91,908
Amortization of long-term intangible assets 790,423 364,167 1,572,159 364,167  
Accretion of asset retirement obligations     2,951,531 592,134  
Changes in operating assets and liabilities:          
Accounts receivable     (820,347) (115,395)  
Accounts receivable from discontinued operations     108,742  
Notes receivable     (658,240)  
Contract assets     154,354  
Prepaid expenses and other current assets     (34,585) (38,639)  
Deposits     280 (5,137)  
Accounts payable     (284,414) (53,416)  
Accrued expenses     11,746  
Cash paid for asset retirement obligations     (2,376,460) (614,548)  
Net cash (used in) operating activities     (3,206,662) (301,331)  
Cash flows from investing activities:          
Equipment purchases     (100,000)  
Proceeds from asset sales     404,500  
Net cash provided by investing activities     304,500  
Cash flows from financing activities:          
Proceeds from stock issuance     1,942,500 600,000  
Repayment of line of credit     (200,000)  
Repayment of long-term debt     (200,000) (522,143)  
Net cash provided by financing activities     1,742,500 (122,143)  
Net (decrease) in cash and cash equivalents     (1,464,162) (118,974)  
Cash and cash equivalents - beginning of period     2,110,171 167,286 167,286
Cash and cash equivalents - end of period $ 646,009 $ 48,312 646,009 48,312 $ 2,110,171
Cash paid during the period for:          
Interest     $ 68,846 $ 110,215