v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 427,866 $ 375,873
Accounts receivable, net 317,242 105,479
Contract assets 2,536
Inventories 329,978 471,468
Prepaid expenses and other current assets 383,439 204,596
Total current assets 1,458,525 1,159,952
Non-current assets:    
Oil and gas assets, full cost accounting, net 4,004,589
Property, plant and equipment, net 4,730,505 3,965,426
Project development costs and other non-current assets 349,348 196,432
Right-of-use asset, net 309,013
Intangible assets, net 5,734,298 11,658
Goodwill 17,449,429
Certificate of deposit, restricted 2,000,000
Investment in and advances to equity affiliates 738,056
Total non-current assets 34,577,182 4,911,572
Total Assets 36,035,707 6,071,524
Current liabilities:    
Accounts payable and accrued expenses 12,068,509 9,332,620
Contract liabilities and deferred revenue 924,076 596,082
Lease liability, current maturities 138,217 66,821
Due to affiliates 1,498,205 1,716,244
Line of credit 2,001,667
Derivative liabilities 70,802
Convertible notes payable 1,035,581
Current portion of long-term notes payable 4,866,664
Short term notes payable, net 3,204,175 2,098,381
Total current liabilities 25,807,896 13,810,148
Long-term notes payable, net of current portion 610,336 4,721,684
Lease liability, net of current maturities 179,649
Asset retirement obligations 1,848,080
Total liabilities 28,445,961 18,531,832
Commitments and contingencies (Note 21)  
Stockholders’ (equity) deficit:    
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 646,797 issued and 646,792 outstanding as of December 31, 2025 and 9,435 issued and 9,430 outstanding as of December 31, 2024. 6,467 93
Additional paid in capital 121,172,724 86,164,078
Treasury stock, at cost 5 shares as of December 31, 2025 and 2024 (92,396) (92,396)
Accumulated deficit (117,352,273) (98,532,083)
Total stockholders’ equity (deficit) 7,589,746 (12,460,308)
Total Liabilities and Stockholders’ Equity (Deficit) 36,035,707 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 2,084
Series D Preferred stock    
Stockholders’ (equity) deficit:    
Preferred stock, value 4,500
Series C Preferred stock    
Stockholders’ (equity) deficit:    
Preferred stock, value

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