v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,210,965 $ 427,866
Accounts receivable, net 534,992 317,242
Cryptocurrency holdings 531,839
Contract assets 246,259
Inventories 329,978 329,978
Prepaid expenses and other current assets 549,036 383,439
Total current assets 3,403,069 1,458,525
Non-current assets:    
Oil and gas assets, on the basis of full cost accounting, net 3,873,838 4,004,589
Property, plant and equipment, net 29,319,934 4,730,505
Project development costs and other non-current assets 335,506 349,348
Right of use assets, net 127,768 309,013
Intangible assets, net 5,393,746 5,734,298
Goodwill 17,449,429 17,449,429
Certificate of deposit 2,000,000 2,000,000
Co-location hosting security deposits 2,274,534
Total non-current assets 60,774,755 34,577,182
Total Assets 64,177,824 36,035,707
Current liabilities:    
Accounts payable and accrued expenses 14,553,283 12,068,509
Contract liabilities and deferred revenues 776,055 924,076
Lease liability, current maturities 164,217 138,217
Due to affiliates 1,242,772 1,498,205
Lines of credit 2,001,667 2,001,667
Derivative liabilities 61,267 70,802
Convertible notes payable 1,125,000 1,035,581
Current portion of long-term debt 4,866,664 4,866,664
Short-term notes payable, net 1,466,308 3,204,175
Total current liabilities 26,257,233 25,807,896
Long-term liabilities:    
Long-term notes payable, net 16,664,343 610,336
Lease liability 179,649
Asset retirement obligations 1,894,281 1,848,080
Total long-term liabilities 18,558,624 2,638,065
Total liabilities 44,815,857 28,445,961
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.01 par value, 75,000,000 shares authorized; 1,322,707 issued and 1,322,702 outstanding as of June 30, 2026 and 646,796 issued and 646,791 outstanding as of December 31, 2025, respectively 13,226 6,467
Additional paid-in capital 138,749,942 121,172,724
Treasury stock, at cost, 5 shares as of June 30, 2026 and December 31, 2025 (92,396) (92,396)
Accumulated deficit (123,261,297) (117,352,273)
Total stockholders’ equity 19,361,967 7,589,746
Total Liabilities and Stockholders’ Equity 64,177,824 36,035,707
Series A Preferred Stock    
Stockholders’ equity:    
Preferred stock, value 3,809,640 3,848,640
Series B Preferred Stock    
Stockholders’ equity:    
Preferred stock, value 2,084 2,084
Series C Preferred stock    
Stockholders’ equity:    
Preferred stock, value 2,928 4,500
Series E Preferred Stock    
Stockholders’ equity:    
Preferred stock, value $ 137,840