Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Anti-dilutive Securities Excluded from Earnings Per Share

Potentially Dilutive Security	Quantity		Stated Value Per Share		Total Value or Stated Value		Assumed Conversion Price		Resulting Common Shares
Merger Options, restricted stock units, and performance stock units (1)		9,057,771	$	—	$	—	$	—		1,057,771
Common stock warrants		341,084,219		—		—		—		11,939,698
Series D Preferred Stock		16,507		1,000		16,506,680		5.00		3,301,336
Series E Preferred Stock		20,000		1,000		20,000,000		5.00		4,000,000
Total										20,298,805

⁽¹⁾ Not exercisable or vested as of June 30, 2024. Refer to Note 13 – Common Stock Options and Warrants for a discussion of the Merger Options and Note 14 – Long–Term Incentive Compensation for a discussion of the restricted stock units and performance stock units.

The following table presents the potentially dilutive securities which were not included in the computation of diluted earnings (loss) attributable to common stockholders for the three and six months ended June 30, 2023 because their inclusion would be anti–dilutive:

Potentially Dilutive Security	Quantity		Stated Value Per Share		Total Value or Stated Value		Assumed Conversion Price		Resulting Common Shares
Common stock options (1)		8,007,087	$	—	$	—	$	—		7,087
Common stock warrants		200,126,815		—		—		—		7,004,439
Obligation Shares		205,971		—		—		—		205,971
AR Debentures		—		—		2,000,000		5.00		400,000
Series D Preferred Stock		21,799		1,000		21,799,000		5.00		4,359,850
Total										11,977,347

⁽¹⁾ Includes 7,087 options which expired in August 2023 and the Merger Options, which were not exercisable as of June 30, 2023. Refer to Note 13 – Common Stock Options and Warrants for a discussion of the Merger Options.

Schedule of Non-cash Investing And Financing Activities And Supplemental Cash Flow Disclosures

The following table presents non–cash investing and financing activities and supplemental cash flow disclosures relating to the cash paid for interest and income taxes for the periods presented:

	Six Months Ended June 30,
	2024			2023
Non–cash investing and financing activities:
Common stock issued upon conversion of Series D Preferred Stock	$	4,120,450		$	—
Capital expenditures included in accrued liabilities	$	(1,120,098	)	$	—
Cryptocurrency mining equipment and deposits acquired in the Merger	$	—		$	20,760,560
Secured convertible debentures assumed in the Merger	$	—		$	1,981,000
SBA loan payable acquired assumed in the Merger	$	—		$	150,000
Membership interests converted into shares of common stock	$	—		$	(606,705	)
Common stock issued at Merger	$	—		$	9,928,262
Series D Preferred Stock issued at Merger	$	—		$	3,209,196
Deferred transaction costs capitalized to oil and natural gas properties	$	—		$	189,031
Deferred transaction costs associated with financing	$	—		$	519,533
Supplemental disclosure:
Cash paid for income taxes	$	—		$	—
Cash paid for interest	$	—		$	9,503