v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss) $ (5,909,024) $ (7,320,538)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 2,028,901 440,349
Amortization of debt issuance costs 146,819 843,765
Accretion of asset retirement obligations 46,201
Loss on debt extinguishment 613,723
Gain on debt extinguishment (1,197,449)
Change in fair value of derivatives (9,535)
Change in right of use asset and lease liability 27,596 (66,821)
Stock-based compensation 640,177 212,596
Change in fair value of equity-based investment 311,560
Changes in operating assets and liabilities:    
Accounts receivable (217,750) (154,364)
Cryptocurrency holdings 764,574
Contract assets (246,259) (128,262)
Inventories 189,598
Prepaid expenses and other current assets (130,357) 74,626
Project development and other assets 13,842 (886)
Accounts payable and accrued expenses 2,464,163 2,472,345
Contract liabilities and deferred revenues (148,021) (37,081)
Due to affiliates (16,433)
Net cash used in operating activities (1,112,399) (3,179,546)
Cash flows from investing activities:    
Purchase of property, plant and equipment (163,232) (364,847)
Purchase of oil and gas assets (2,000,000)
Cash received in business combination 514,751 77,013
Investment in equity method investment (186,000)
Net cash provided by (used in) investing activities 351,519 (2,473,834)
Cash flows from financing activities:    
Proceeds from short-term notes payable, net of debt issuance costs 3,044,232
Payment of short-term notes payable (3,821) (1,634,809)
Cash received from sale of common and preferred stock 1,547,800 6,635,294
Net cash provided by financing activities 1,543,979 8,044,717
Net increase in cash and cash equivalents 783,099 2,391,337
Cash and cash equivalents - beginning of period 427,866 375,873
Cash and cash equivalents - end of period 1,210,965 2,767,210
Supplemental disclosure of cash flow information:    
Interest paid 50,538
Income taxes paid
Supplemental disclosure of non-cash investing and financing activities:    
Forgiveness of related party debt and investment 1,275,416
Common stock and warrants issued for debt issuance 332,049
Shares issued for settlement of short-term notes payable 1,737,439
Settlement of due to affiliates and accrued interest 339,550 494,912
Exchange of Series A preferred stock for common stock 39,000
Conversion of preferred stock to common stock 5,532 151,360
Issuance of Series E preferred stock for acquisition 14,000,000
Issuance of notes payable for acquisition $ 16,000,000