v3.26.3
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Operating activities:              
Net loss $ (692,584) $ (5,772,595) $ (2,955,849) [1] $ (2,056,519) $ (6,465,179) $ (5,012,368)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation, depletion, and amortization expense 2,136,209   458,190   3,927,185 555,265  
Accretion of asset retirement obligations 32,864   8,513   64,539 15,505  
Equity-based compensation         683,411 605,778  
Deferred income tax benefit         (2,119,384) (1,239,128)  
Amortization of debt issuance costs         1,093,830 669,817  
(Gain) loss on extinguishment of liabilities 0   914,518   0 1,306,337  
Accounts receivable         (935,658) 55,685  
Prepaid expenses and other assets         (165,100) (502,754)  
Purchase of plugging and abandonment insurance bonds         0 (213,750)  
Accounts payable           (2,042,872)  
Accrued liabilities and other         1,032,756 1,809,667  
Royalties payable           1,780,300  
Net cash provided by (used in) operating activities         211,023 (2,296,949) $ (7,645,418)
Investing activities:              
Development of crude oil and gas properties         (2,493,246) (2,138,532)  
Purchases of other equipment         0 0  
Net cash used in investing activities         (2,493,246) (2,138,532)  
Financing activities:              
Repayments of long-term debt         0 (2,309,681)  
Proceeds from sale of common stock         0 7,024,332  
Net cash provided by financing activities         2,598,859 4,524,894  
Net change in cash and cash equivalents         316,636 89,413  
Cash and cash equivalents at beginning of period   $ 375,036   $ 2,971,558 375,036 2,971,558 2,971,558
Cash and cash equivalents at end of period 691,672   3,060,971   691,672 3,060,971 $ 375,036
Cash paid during the period for:              
Interest on debt         339,416 2,211,614  
Income taxes         0 0  
Supplemental disclosure of non-cash investing and financing activities:              
Derivative liability added as debt discount on issuance of new convertible notes payable         1,129,180 0  
Conversion of deferred wages to notes payable         3,446,454 0  
Derivative liability converted to common stock         257,415 1,762,635  
Accrued purchases of property and equipment         83,210 761,989  
Establishment of ARO liability for new lease         0 130,076  
Exchange of Class B Units for Class A Common stock         0 3,385,000  
Oil and Gas Lease Acquisitions [Member]              
Supplemental disclosure of non-cash investing and financing activities:              
Shares Issued         0 547,600  
Oil and Gas Equipment Acquisitions [Member]              
Supplemental disclosure of non-cash investing and financing activities:              
Shares Issued         0 547,600  
Conversion of Notes Payable and Accrued Interest Into Common Stock [Member]              
Supplemental disclosure of non-cash investing and financing activities:              
Shares issued for conversion of notes payable and accrued interest         1,112,263 4,550,428  
Notes Payable, Other Payables [Member]              
Financing activities:              
Proceeds from issuance of convertible notes payable         2,820,000 0  
Nonrelated Party [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Accounts payable         123,880 (2,042,872)  
Royalties payable         2,085,465 1,780,300  
Financing activities:              
Proceeds from notes payable         1,472,500 1,098,048  
Repayment of notes payable         (1,793,641) (1,287,805)  
Related Party [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Accounts payable         186,938 (144,285)  
Royalties payable         0 20,325  
Financing activities:              
Proceeds from related party loans         100,000 0  
Unsettled Derivatives [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative         1,114,524 (567,917)  
Embedded Derivative Financial Instruments [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative 0   1,931   0 131,677  
Warrant Liabilities [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative 0   (10,030)   0 152,490  
Nonembedded Derivative Liabilities [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative           885,279  
Nonembedded Derivative Liabilities [Member] | Nonrelated Party [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative (348,821)   755,558   89,816 885,279  
Nonembedded Derivative Liabilities [Member] | Related Party [Member]              
Adjustments to reconcile net loss to net cash provided by operating activities:              
Change in fair value of derivative $ (435,000)   $ (449,000)   $ (506,000) $ (562,000)  
[1] These adjustments represent the restatements previously disclosed in the Company’s 2024 Form 10-K/A as previously filed with the SEC on April 24, 2026.