XML 109 R74.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt (Details Narrative) - USD ($)
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended 12 Months Ended
Dec. 16, 2024
Sep. 30, 2024
Dec. 31, 2023
Jan. 31, 2025
Dec. 31, 2024
Feb. 28, 2025
Dec. 31, 2023
Dec. 31, 2023
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Feb. 03, 2025
Oct. 11, 2023
May 03, 2023
Dec. 31, 2022
Debt Instrument [Line Items]                              
Long term debt         $ 28,000,000.0         $ 28,000,000.0          
Long term debt availability         7,200,000         $ 7,200,000          
Commitment Fee Percentage                   0.50%          
Fair value adjustment, SEPA         800,000           $ 39,800,000        
Payments on Senior Convertible Note                   $ 3,748,000        
Stock issued during period value conversion of convertible securities               $ 3,209,000              
Fair value of the AR debentures                
Payment on subordinated note related party                   1,786,000        
Fair value of subordinated         4,600,000         4,600,000          
Loss on adjustment to fair value debt and warrants         1,100,000         1,100,000          
SBA Loan [Member]                              
Debt Instrument [Line Items]                              
Debt instrument, interest rate, stated percentage     3.75%       3.75% 3.75%     3.75%        
Debt [Member]                              
Debt Instrument [Line Items]                              
Fair value of the AR debentures                         $ 5,800,000 $ 2,000,000.0  
Loss on adjustment to fair value             $ 3,800,000                
Bristol Investment Fund Ltd [Member] | Barlock [Member]                              
Debt Instrument [Line Items]                              
Debt instrument, issued, principal     $ 1,000,000.0                        
Barlock [Member]                              
Debt Instrument [Line Items]                              
Debt instrument, interest rate during period     12.00%                        
Senior Convertible Note [Member]                              
Debt Instrument [Line Items]                              
Senior convertible note   $ 15,000,000.0             $ 15,000,000.0            
Debt instrument, interest rate, stated percentage   8.00%             8.00%            
Maturity date                 Sep. 30, 2025            
Conversion rate                 105.00%            
Debt instrument, issued, principal                   11,300,000          
Fair value of the AR debentures         12,600,000         12,600,000          
Debt principal balance         1,300,000         1,300,000          
Subordinated Promissory Note [Member]                              
Debt Instrument [Line Items]                              
Maturity date                 Dec. 31, 2025            
Debt principal balance   $ 5,000,000.0             $ 5,000,000.0            
Interest rate   10.00%             10.00%            
Subordinated Note [Member]                              
Debt Instrument [Line Items]                              
Debt principal balance         3,200,000         $ 3,200,000          
Payment on subordinated note related party         $ 1,800,000                    
Warrants to purchase common stock   1,141,552     570,778       1,141,552 570,778          
Credit Facility [Member]                              
Debt Instrument [Line Items]                              
Unamortized deferred financing costs         $ 1,700,000         $ 1,700,000          
Secured Overnight Financing Rate (SOFR) [Member]                              
Debt Instrument [Line Items]                              
Annum interest rate adjustment percentage                   0.10%          
Secured Overnight Financing Rate (SOFR) [Member] | Minimum [Member]                              
Debt Instrument [Line Items]                              
Debt instrument interest rate percentage                   3.00%          
Secured Overnight Financing Rate (SOFR) [Member] | Maximum [Member]                              
Debt Instrument [Line Items]                              
Debt instrument interest rate percentage                   4.00%          
Alternate Base Rate Loans [Member] | Minimum [Member]                              
Debt Instrument [Line Items]                              
Debt instrument interest rate percentage                   2.00%          
Alternate Base Rate Loans [Member] | Maximum [Member]                              
Debt Instrument [Line Items]                              
Debt instrument interest rate percentage                   3.00%          
Subsequent Event [Member] | Senior Convertible Note [Member]                              
Debt Instrument [Line Items]                              
Stock issued during period value conversion of convertible securities           $ 11,300,000                  
Stock issued during period value conversion of convertible securities, shares       2,100,000                      
Subsequent Event [Member] | Bayswater Acquisition [Member]                              
Debt Instrument [Line Items]                              
Line of credit facility maximum borrowing capacity                       $ 60,000,000.0      
Reserve Based Credit Agreement [Member]                              
Debt Instrument [Line Items]                              
Long-Term Line of Credit $ 1,000,000.0                            
Line of Credit Facility, Expiration Date Dec. 16, 2026                            
Elected commitment         44,000,000.0         $ 44,000,000.0          
Issuance of letter of credit         5,000,000.0         $ 5,000,000.0          
Credit Facility Agreement [Member]                              
Debt Instrument [Line Items]                              
Debt instrument interest rate ratio                   Net Leverage Ratio (as defined in the Credit Agreement) of no greater than 2.50 to 1.00 and a Current Ratio (as defined in the Credit Agreement) of at least 1.00 to 1.00. The Credit Facility Agreement also includes conditional equity cure rights that will enable the Company to cure certain breaches of these financial maintenance covenants. Further, beginning March 1, 2025, the Credit Facility Agreement requires the Company and its restricted subsidiaries to always hedge not less than 80% of projected production from their proved developed producing reserves and certain wells through December 31, 2028.          
Credit Facility Agreement [Member] | Senior Convertible Note [Member]                              
Debt Instrument [Line Items]                              
Payments on Senior Convertible Note         3,700,000                    
Standby Equity Purchase Agreement [Member]                              
Debt Instrument [Line Items]                              
Payment to structuring fee   $ 25,000                          
Number of shares issued for services   100,000                          
Common stock conversion features   Any purchases under an Advance will be subject to certain limitations, including that Yorkville cannot acquire (i) any shares that would result in the Yorkville, including its affiliates, beneficially owning more than 4.99% of the Company’s outstanding Common Stock at the time of an Advance or (ii) more than 19.99% of the Company’s issued and outstanding Common Stock as of the SEPA Effective Date (the “Exchange Cap”), subject to limited exceptions.                          
Issuance of series D preferred stock, shares                   100,000          
Standby Equity Purchase Agreement [Member] | Maximum [Member]                              
Debt Instrument [Line Items]                              
Sale of stock                 $ 40,000,000.0            
SEPA Registration Rights Agreement [Member]                              
Debt Instrument [Line Items]                              
Issuance of series D preferred stock, shares   4,198,343                          
Borrowing from convertible debt         15,000,000.0         $ 15,000,000.0          
Debt Instrument, Fair Value Disclosure         $ 800,000         $ 800,000