v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Statement of Cash Flows [Abstract]    
Net income (loss) $ (10,126,617) $ (9,826,283)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization expense 6,710,092 2,407,098
Accretion of asset retirement obligations 46,426 144,988
Equity-based compensation 1,067,140 2,778,991
Deferred income tax provision (benefit) 1,266,659 (3,470,407)
Amortization of debt issuance costs 1,475,191 2,361,627
Gain on extinguishment of liabilities (540,347) (1,638,138)
Change in fair value of unsettled hedging derivatives 43,063 361,290
Change in fair value of convertible note liability 131,677 192,744
Change in fair value of warrant liability 152,490 804,004
Change in fair value of derivative liability 2,070,278
Change in fair value of derivative liability, related party (341,000) 746,000
Change in fair value of forward purchase agreement (561,099)
Loss on put option liability
Gain on sale of Oil and Gas properties (13,379,040)
Accounts receivable 344,321 411,240
Prepaid expenses and other assets (481,643) 423,116
Purchase of plugging and abandonment insurance bonds (1,891,348)
Accounts payable (458,308) 3,024,413
Accounts payable – related parties (337,567) (316,651)
Accrued liabilities and other 4,898,434 3,018,930
Royalties payable 1,837,244 2,729,398
Royalties payable, related party (132,563) 109,425
Net cash (used in) provided by operating activities (7,645,418) 3,700,686
Investing activities:    
Development of crude oil and gas properties (6,563,949) (3,555,062)
Purchases of oil and gas properties (13,675,000)
Purchases of other equipment (20,000)
Proceeds from Sale of ORRI on leasehold 45,500,000
Net cash provided by (used in) investing activities 25,261,051 (3,575,062)
Financing activities:    
Proceeds from issuance of convertible debt 561,120
Repayments of long-term debt (29,215,898) (3,984,286)
Proceeds of short-term notes payable 3,312,550 1,298,200
Repayment of short-term notes payable (3,572,179) (989,018)
Proceeds from related party notes payable 450,000
Repayment of related party notes payable (62,750)
Proceeds from sale of common stock 8,502,252 2,628,334
Proceeds from related party loans 200,000
Net cash used in financing activities (20,212,155) (659,520)
Net change in cash and cash equivalents (2,596,522) (533,896)
Cash and cash equivalents at beginning of period 2,971,558 3,505,454
Cash and cash equivalents at end of period 375,036 2,971,558
Cash paid during the period for:    
Interest on debt 3,345,169 6,146,139
Income taxes
Amounts included in the measurement of operating lease liabilities
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued for acquisition of O&G Lease 547,600
Accrued purchases of property and equipment at period end 308,700 2,540,703
Shares issued for prepaid O&G equipment 547,600
Class B exchanged for Class A 3,385,000 8,801,000
Establishment of ARO liability for new lease 130,076
Capitalization of additional ARO Liability for changes in future cash flows 55,360
Shares issued for conversion of notes payable 8,485,428
Shares issued for buyout of NCI 17,012,649
Capital Contribution for related party extinguishment 13,440,406
Derivative liability converted to common stock 3,440,412
Derivative liability added as debt discount on issuance of new convertible notes payable $ 171,561