Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes

The following table presents the Company’s provision (benefit) for income taxes for continuing operations for the periods indicated:

		Year Ended December 31,
		2024		2023
		(In thousands)
Current:
U.S. Federal	$	—	$	—
State		—		—
Total current	$	—	$	—
Deferred:
U.S. Federal	$	—	$	—
State		—		—
Total deferred	$	—	$	—
Total provision (benefit) for income taxes	$	—	$	—

Schedule of Reconciliation of Provision (Benefit) for Income Taxes

The following table presents the reconciliation between the provision (benefit) for income taxes included in the Company’s consolidated statement of operations with the provision (benefit) which would result from the application of a blended statutory federal and state income tax rate of 24.4% for the periods presented:

	Year Ended December 31,
	2024			2023
	(In thousands)
Income tax benefit at federal statutory rate	$	(8,372	)	$	(16,606	)
State tax expense		(1,339	)		(3,112	)
Loss on adjustment to fair value		2,045			11,030
Other nondeductible expenses		41			511
Federal prior year adjustments		(606	)		—
Officer compensation disallowance		849			—
Change in valuation allowance		7,382			8,177
Total provision (benefit) for income taxes	$	—		$	—

Schedule of Deferred Tax Assets and Liabilities

The following table presents the temporary differences and carryforwards which give rise to deferred tax assets and liabilities for the periods presented:

	Year Ended December 31,
	2024			2023
	(In thousands)
Deferred tax assets
Property and equipment	$	—		$	3,891
Stock-based compensation		581			728
Commodity derivative contracts		1,071			—
Transaction costs		58			—
Lease liabilities, net		332			32
Federal NOL carryforward		12,443			7,489
State NOL carryforward		2,694			1,924
Valuation allowance		(16,325	)		(13,927	)
Total deferred tax assets	$	854		$	137
Deferred tax liabilities
Property and equipment	$	(495	)	$	—
Right-of-use asset, net		(322	)		(38	)
Investment in partnership		(37	)		(99	)
Total deferred tax liabilities	$	(854	)	$	(137	)
Net deferred tax liability	$	—		$	—