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Segment Information (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]    
Schedule of Corporate Assets Not Allocated to Segments

 

   E&P  

Cryptocurrency

Mining

   Total 
Three months ended June 30, 2023               
Revenues  $   $179,318   $179,318 
Depreciation, depletion and amortization expense       132,851    132,851 
Impairment of cryptocurrency mining equipment       16,794,688    16,794,688 
Loss from operations   (1,199,929)   (18,499,007)   (19,698,936)
Interest expense (1)   (2,052)   (41,667)   (43,719)
Interest income (1)   18,072    24,965    43,037 
Loss on adjustment to fair value - AR Debentures       (741,000)   (741,000)

Loss on adjustment to fair value – Obligation Shares (1)

   (296,546

)

   (409,639)   (706,185)
Assets  $3,189,031   $4,405,219   $7,594,250  
                
June 7, 2022 (date of inception) through June 30, 2022               
Revenues  $   $   $ 
Depreciation, depletion and amortization expense            
Loss from operations   (32,723)       (32,723)
Interest expense            
Interest income            
Other expense            
Other income            
Assets  $240,345   $   $240,345 

 

(1)Amounts are allocated to each segment as they are incurred at the corporate level.

 

   E&P  

Cryptocurrency

Mining

   Total 
Six months ended June 30, 2023               
Revenues  $   $179,318   $179,318 
Depreciation, depletion and amortization expense       132,851    132,851 
Impairment of cryptocurrency mining equipment       16,794,688    16,794,688 
Loss from operations   (1,226,970)   (18,536,358)   (19,763,328)
Interest expense (1)   (2,052)   (41,667)   (43,719)
Interest income (1)   18,072    24,965    43,037 

Loss on adjustment to fair value – AR Debentures

       (741,000)   (741,000)
Loss on adjustment to fair value – Obligation Shares (1)   (296,546)   (409,639)   (706,185)
Assets  $3,189,031   $4,405,219   $7,594,250 
                
June 7, 2022 (date of inception) through June 30, 2022               
Revenues  $   $   $ 
Depreciation, depletion and amortization expense            
Operating income   (32,723)       (32,723)
Interest expense            
Interest income            
Other expense            
Other income            
Assets  $240,345    $   $240,345 

 

(1)Amounts are allocated to each segment as they are incurred at the corporate level.

 

The following table presents the breakout of other assets, which represent corporate assets not allocated to segments at June 30, 2023 and 2022:

 

   2023   2022 
   As of June 30, 
   2023   2022 
Cash and cash equivalents  $8,551,483   $ 
Prepaid expenses   381,263     
 
Creek Road Miners Inc [Member]    
Segment Reporting Information [Line Items]    
Schedule of Market Price of Miners  

  

Market Price

per Miner

   Total Amount 
July 2022 batch (100 miners)  $7,756   $775,600 
August 2022 batch (100 miners)   7,140    714,000 
September 2022 batch (100 miners)   7,140    714,000 
October 2022 batch (100 miners)   6,510    651,000 
November 2022 batch (100 miners)   5,810    581,000 
December 2022 batch (100 miners)   5,810    581,000 
Estimated total amount due        4,016,600 
Less: Payments made        3,969,000 
Remaining amount due       $47,600 
Schedule of Cryptocurrency Mining Operations  

Schedule of Cryptocurrency Mining Operations

   Quantity of Bitcoin   US$ Amounts 
Balance September 30, 2021      $ 
Revenue recognized from cryptocurrency mined   6.7    369,804 
Mining pool operating fees   (0.1)   (7,398)
Impairment of cryptocurrencies       (59,752)
Balance December 31, 2021   6.6   $302,654 
Revenue recognized from cryptocurrency mined   8.3    343,055 
Mining pool operating fees   (0.2)   (6,868)
Impairment of cryptocurrencies       (106,105)
Balance March 31, 2022   14.7   $532,736 
Revenue recognized from cryptocurrency mined   4.6    166,592 
Mining pool operating fees   (0.1)   (3,428)
Proceeds from the sale of cryptocurrency   (18.9)   (564,205)
Realized loss on the sale of cryptocurrency       (131,075)
Impairment of cryptocurrencies       (34)
Balance June 30, 2022 (1)   0.3   $586 
Revenue recognized from cryptocurrency mined   0.3    7,955 
Mining pool operating fees       (156)
Impairment of cryptocurrencies       (1,035)
Balance September 30, 2022 (1)   0.6   $7,350 
Revenue recognized from cryptocurrency mined        
Mining pool operating fees        
Proceeds from the sale of cryptocurrency   (0.6)   (11,203)
Realized gain on the sale of cryptocurrency       3,853 
Balance December 31, 2022 (1)      $ 

 

(1)Since June 30, 2022 the Company is neither receiving meaningful cryptocurrency awards nor generating meaningful revenue from cryptocurrency mining.
Corporate and Other [Member]    
Segment Reporting Information [Line Items]    
Schedule of Corporate Assets Not Allocated to Segments

The following table presents the breakout of other assets, which represent corporate assets not allocated to segments at June 30, 2023 and 2022:

 

   2023   2022 
   As of June 30, 
   2023   2022 
Cash and cash equivalents  $8,551,483   $ 
Prepaid expenses   381,263