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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenues $ 574,414 $ 467,035 $ 1,794,083 $ 1,480,452
Costs and Expenses:        
Oil and Gas Lease Operating 512,400 316,363 1,292,525 1,331,165
Depreciation, Depletion and Amortization 56,547 57,317 253,726 231,224
Well Equipment Write Down 0 0 0 9,840
Lease Impairment 337,500 0 400,554 0
Legal and Accounting 142,950 95,667 485,114 368,810
Bad Debt Expense 103,447 0 279,491 0
Marketing 128,211 83,391 269,984 230,282
General and Administrative 369,646 384,373 1,197,677 1,262,542
Total Costs and Expenses 1,650,701 937,111 4,179,071 3,433,863
Gain (Loss) on Turnkey Drilling 0 (1,077) 527,715 1,338,305
Loss From Operations (1,076,287) (471,153) (1,857,273) (615,106)
Other Income (Expense):        
Interest Expense (108,004) (327) (207,744) (1,383)
Other Gain 0 750 0 112,728
Net Loss (1,184,291) (470,730) (2,065,017) (503,761)
Less: Preferred Stock Dividend 221,410 213,807 653,730 629,007
Net Loss available to common stock $ (1,405,701) $ (684,537) $ (2,718,747) $ (1,132,768)
Shares used in computing Basic Net Loss per share (in Shares) 71,863,529 67,684,188 71,693,073 64,982,535
Basic and Diluted (Loss) Per Share (in Dollars per share) $ (0.02) $ (0.01) $ (0.04) $ (0.02)
Shares used in computing Diluted Net Loss per share (in Shares) 71,863,529 67,684,188 71,693,073 64,982,535
Diluted Net Income (Loss) per Share (in Dollars per share) $ (0.02) $ (0.01) $ (0.04) $ (0.02)
Oil and Gas [Member]        
Revenues:        
Revenues $ 559,709 $ 458,954 $ 1,749,120 $ 1,447,698
Management Service [Member]        
Revenues:        
Revenues $ 14,705 $ 8,081 $ 44,963 $ 32,754