Condensed Consolidated Balance Sheets (Unaudited) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 40,052,362	$ 13,036,950
Note receivable		507,651
Prepaid expenses and other current assets		267,365	171,486
Financing receivable		16,250,000
Current assets – discontinued operations			322,655
Total current assets		57,077,378	13,531,091
Property and equipment:
Oil and natural gas properties, successful efforts method of accounting including $42,061,414 and $28,705,404 excluded from amortization as of September 30, 2024 and December 31, 2023, respectively		42,061,414	28,705,404
Other		93,849
Less: Accumulated depreciation, depletion, and amortization		(711)
Total property and equipment, net	[1]	42,154,552	28,705,404
Deposits on oil and natural gas property purchases		6,382,314
Operating lease assets		1,063,659	155,253
Note receivable – non–current		239,249
Deferred transaction costs		229,756	108,956
Other non–current assets		27,816
Non–current assets – discontinued operations			3,182,307
Total assets		107,174,724	45,683,011
Current liabilities:
Accounts payable and accrued expenses		22,545,465	5,374,494
Senior convertible note, net		14,250,000
Subordinated promissory note – related party		5,281,141
Warrant liabilities – related party		2,758,206
Operating lease liabilities – current		177,722	41,890
Total current liabilities		45,012,534	5,416,384
Long–term liabilities:
Operating lease liabilities		875,105	93,816
Total long–term liabilities		875,105	93,816
Total liabilities		45,887,639	5,510,200
Commitments and contingencies (Note 10)
Stockholders’ equity:
Common stock; $0.01 par value; 500,000,000 shares authorized, and 22,918,763 and 9,826,719 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		229,188	98,267
Additional paid–in capital		168,886,525	118,927,814
Accumulated deficit		(107,828,773)	(78,853,677)
Total stockholders’ equity		61,287,085	40,172,811
Total liabilities and stockholders’ equity		107,174,724	45,683,011
Series D Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value		145	206
Series E Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value			$ 200

[1] The Company’s property and equipment balance as of September 30, 2024 does not include the assets acquired in the NRO Acquisition, as the acquisition did not close until October 1, 2024. Refer to Note 2 – Acquisitions and Merger for a discussion of the NRO Acquisition.