v3.26.3
Condensed consolidated statements of cash flow (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
 [1]
Dec. 31, 2025
Dec. 31, 2024
Operating activities:        
Net loss $ (6,465,179) $ (5,012,368) $ (7,494,617) $ (9,826,283)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation, depletion, and amortization expense 3,927,185 555,265 3,170,092 2,407,098
Accretion of asset retirement obligations 64,539 15,505 46,426 144,988
Equity-based compensation 683,411 605,778 1,067,140 2,778,991
Deferred income tax benefit (2,119,384) (1,239,128) 2,137,659 (3,470,407)
Amortization of debt issuance costs 1,093,830 669,817 1,475,191 2,361,627
(Gain) loss on extinguishment of liabilities 1,306,337 (540,347) (1,638,138)
Change in fair value of unsettled derivatives 1,114,524 (567,917) 43,063 361,290
Change in fair value of convertible note liability 131,677 131,677 192,744
Change in fair value of warrant liability 152,490 152,490 804,004
Change in fair value of derivative liabilities 89,816 885,279 2,070,278
Change in fair value of derivative liabilities – related parties (506,000) (562,000) (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)
Changes in operating assets and liabilities:        
Accounts receivable (935,658) 55,685 344,321 411,240
Prepaid expenses and other assets (165,100) (502,754) (481,643) 423,116
Purchase of plugging and abandonment insurance bonds (213,750) (1,891,348)
Accounts payable 123,880 (2,042,872) (458,308) 3,024,413
Accounts payable, related parties 186,938 (144,285) (337,567) (316,651)
Accrued liabilities and other 1,032,756 1,809,667 4,935,434 3,018,930
Royalties payable 2,085,465 1,780,300 1,837,244 2,729,398
Royalties payable, related party 20,325 (132,563) 109,425
Net cash provided by (used in) operating activities 211,023 (2,296,949) (7,645,418) 3,700,686
Investing activities:        
Development of crude oil and gas properties (2,493,246) (2,138,532) (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 used in investing activities (2,493,246) (2,138,532) 25,261,051 (3,575,062)
Financing activities:        
Proceeds from related party notes payable     450,000
Repayment of related party notes payable     (62,750)
Repayments of long-term debt (2,309,681) (29,215,898) (3,984,286)
Proceeds from short-term notes payable 1,472,500 1,098,048 3,312,550 1,298,200
Repayment of short-term notes payable (1,793,641) (1,287,805) (3,572,179) (989,018)
Proceeds from issuance of convertible notes payable 2,820,000 561,120
Proceeds from related party loans 100,000 200,000
Proceeds from sale of common stock 7,024,332 8,502,252 2,628,334
Net cash provided by financing activities 2,598,859 4,524,894 (20,212,155) (659,520)
Net change in cash and cash equivalents 316,636 89,413 (2,596,522) (533,896)
Cash and cash equivalents at beginning of period 375,036 2,971,558 2,971,558 [1] 3,505,454
Cash and cash equivalents at end of period 691,672 3,060,971 375,036 2,971,558 [1]
Cash paid during the period for:        
Interest on debt 339,416 2,211,614 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:        
Derivative liability added as debt discount on issuance of new convertible notes payable 1,129,180 171,561
Conversion of deferred wages to notes payable 3,446,454    
Shares issued for conversion of notes payable and accrued interest 1,112,263 4,550,428    
Derivative liability converted to common stock 257,415 1,762,635 3,440,412
Accrued purchases of property and equipment 83,210 761,989 308,700 2,540,703
Shares issued for prepaid O&G equipment     547,600
Class B exchanged for Class A     3,385,000 8,801,000
Shares issued for acquisition of O&G lease 547,600 547,600
Shares issued for acquisition of O&G equipment 547,600 547,600  
Establishment of ARO liability for new lease 130,076 130,076
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
Exchange of Class B Units for Class A Common stock $ 3,385,000    
[1] As restated represents restatements previously disclosed in the Company's Form 10-K/A for the year ended December 31, 2025. See Note 11