| Schedule of Company’s Performance and Making Key Decisions Regarding Resource Allocation, the CODM Reviews Several Key Metrics |
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following: | | | For the three months ended
June 30, | | | For the six months ended
June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Other revenue | | $ | - | | | $ | - | | | $ | 10,500 | | | $ | - | | | Field operations costs | | | 104,545 | | | | - | | | | 197,423 | | | | - | | | General and administrative and state tax expenses | | | 1,469,239 | | | | 1,069,799 | | | | 3,000,476 | | | | 2,412,281 | | | Research and development expenses | | | 31,873 | | | | - | | | | 72,632 | | | | - | | | Other significant non-cash items: | | | | | | | | | | | | | | | | | | Stock based compensation expense | | | 1,437,656 | | | | - | | | | 1,695,799 | | | | - | | | Depreciation expense | | | 10,351 | | | | - | | | | 20,702 | | | | - | | | Amortization expense | | | 2,919 | | | | 2,919 | | | | 5,838 | | | | 5,838 | | | Loss from operations | | | (3,056,583 | ) | | | (1,072,718 | ) | | | (4,982,370 | ) | | | (2,418,119 | ) | | Total other income (expenses) | | | (190,074 | ) | | | 119,947 | | | | (124,515 | ) | | | (17,096 | ) | | Net loss | | $ | (3,246,657 | ) | | $ | (952,771 | ) | | $ | (5,106,885 | ) | | $ | (2,435,215 | ) | | | | June 30,
2026 | | | December 31,
2025 | | | Cash | | $ | 32,608 | | | $ | 213,688 | | | Accounts payable and accrued expenses | | $ | 2,203,218 | | | $ | 1,562,630 | |
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