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Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Oil and gas sales $ 65,653 $ 88,899
Operating Expenses    
Lease operating costs 28,104 98,415
General and Administrative 872,599 1,328,022
Stock based compensation 1,020,792 163,000
Depreciation, Depletion, Amortization and Accretion 5,043 5,205
Total operating expenses 1,926,538 1,594,642
Loss from operations (1,860,885) (1,505,743)
Other income (expense)    
Interest Expense (443,836) 0
Equity in Earnings of Unconsolidated Entity (5,871,908) 957,169
Gain (loss) on derivative liability (36,601,064) (7,546,887)
Interest and other income 0 90,515
Total other income (expense) (42,916,808) (6,499,203)
Net income (loss) before income taxes (44,777,693) (8,004,946)
Income Tax Benefit (Expense) 0 0
Net income (loss) attributable to Camber Energy, Inc. (44,777,693) (8,004,946)
Less preferred dividends (6,676,994) (3,680,215)
Net loss attributable to common shareholders $ (51,454,687) $ (11,685,161)
Income (loss) attributable to common stockholders per weighted average number of common shares outstanding - basic and diluted $ (1.80) $ (2.34)
Basic and Diluted 28,527,848 4,996,769