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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 13,036,950 $ 79,845
Accounts and other receivable 329,750
Prepaid expenses 164,391
Total current assets 13,531,091 79,845
Property and equipment:    
Oil and natural gas properties, successful efforts method of accounting ($28,705,404 excluded from amortization at December 31, 2023) 28,705,404
Cryptocurrency mining equipment 4,293,422
Less: Accumulated depreciation, depletion and amortization (1,111,115)
Total property and equipment, net 31,887,711  
Operating lease assets 155,253
Deferred transaction costs 108,956 1,760,665
Total assets 45,683,011 1,840,510
Current liabilities:    
Accounts payable and accrued expenses 5,374,494 2,219,946
Accrued interest and expenses – related parties 2,084
Operating lease liabilities, current 41,890
Total current liabilities 5,416,384 2,222,030
Long-term liabilities:    
Operating lease liabilities, long-term 93,816
Total long-term liabilities 93,816
Total liabilities 5,510,200 2,222,030
Members’ deficit (381,520)
Stockholders’ equity:    
Common stock; $0.01 par value; 500,000,000 shares authorized and 9,826,719 shares issued and outstanding at December 31, 2023; zero shares authorized, issued and outstanding at December 31, 2022 98,267
Additional paid-in capital 118,927,814
Accumulated deficit (78,853,677)
Total stockholders’ equity 40,172,811
Total liabilities and members’ deficit/stockholders’ equity 45,683,011 1,840,510
Series D Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value 206
Series E Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value $ 200