Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

11. Segment Information

The Company operates and manages its business as one reportable and operating segment dedicated to the oil and gas industry. The measure of segment assets is reported on the balance sheet as total consolidated assets. In addition, the Company manages the business activities on a consolidated basis.

The Company’s CODM reviews financial information presented on a consolidated basis and decides how to allocate resources based on consolidated net income (loss).

Significant segment expenses include research and development, salaries, insurance, and stock-based compensation. Operating expenses include all remaining costs necessary to operate our business, which primarily include external services and other administrative expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

	Period ended March 31,
	2025			2024
Revenue	$	–		$	–
Less:
Research and development		(47,000	)		(47,000	)
Payroll and related		(676,000	)		(26,000	)
Share-based compensation		(8,292,000	)		(145,000	)
Consulting related to intellectual property		(266,000	)		(65,000	)
Insurance		(19,000	)		(19,000	)
Operating expenses		(259,000	)		(71,000	)
Interest expense		(115,000	)		(76,000	)
Net loss	$	(9,674,000	)	$	(449,000	)