v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,021,757 $ 375,873
Accounts receivable, net 248,748 105,479
Contract assets 48,351 2,536
Inventories 980,939 471,468
Prepaid expenses and other current assets 104,137 204,596
Total current assets 4,403,932 1,159,952
Oil and gas, on the basis of full cost accounting, net 3,713,189
Property, plant and equipment, net 4,119,086 3,965,426
Other non-current assets 87,048 196,432
Proved oil and gas reserves 1,560,000
Intangible assets, net 757,581 11,658
Investment in and advances to equity affiliates 220,000 738,056
Goodwill 39,244,842
Total Assets 54,105,678 6,071,524
Current liabilities:    
Accounts payable and accrued expenses 13,027,721 9,332,620
Contract liabilities 823,648 596,082
Lease liability, current maturities 66,821
Due to affiliates 3,124,727 1,716,244
Short-term notes payable, net 7,063,111 2,098,381
Total current liabilities 24,039,207 13,810,148
Long-term notes payable, net 5,130,914 4,721,684
Total liabilities 29,170,121 18,531,832
Stockholders’ equity (deficit):    
Common stock, $0.01 par value, 75,000,000 shares authorized; 763,434 issued and 763,382 outstanding as of September 30, 2025 and 99,829 issued and 94,350 outstanding as of December 31, 2024 7,634 944
Additional paid-in capital 128,898,736 86,163,227
Common stock to be issued 3,381,436  
Treasury stock, at cost 3,371 shares as of September 30, 2025 and December 31, 2024 (92,396) (92,396)
Accumulated deficit (111,168,493) (98,532,083)
Total stockholders’ equity (deficit) 24,935,557 (12,460,308)
Total Liabilities and Stockholders’ Equity (Deficit) 54,105,678 6,071,524
Series A Preferred Stock    
Stockholders’ equity (deficit):    
Preferred stock, value 3,848,640
Series B Preferred Stock    
Stockholders’ equity (deficit):    
Preferred stock, value $ 60,000

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