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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Oil and gas sales $ 97,238 $ 33,689 $ 162,891 $ 122,588
Operating Expenses        
Lease operating costs 31,375 70,640 59,479 169,055
General and administrative 980,396 686,663 1,852,995 2,014,685
Stock based compensation 307,213 0 1,328,005 163,000
Depreciation, Depletion, Amortization and Accretion 2,509 2,295 7,552 7,500
Total operating expenses 1,321,493 759,598 3,248,031 2,354,240
Loss from operations (1,224,255) (725,909) (3,085,140) (2,231,652)
Other income (expense)        
Interest expense (498,875) 0 (942,711) 0
Equity (deficit) in earnings of unconsolidated entity (6,206,605) (1,083,355) (12,078,513) (126,186)
Gain (loss) on derivative liability 70,767,848 (12,039,430) 34,166,784 (19,586,317)
Interest and other income 0 214,632 0 305,147
Other expenses 0 0 0 0
Total other income (expense) 64,062,368 (12,908,153) 21,145,560 (19,407,356)
Net income (loss) before income taxes 62,838,113 (13,634,062) 18,060,420 (21,639,008)
Income Tax Benefit (Expense)   0   0
Net income (loss) attributable to Camber Energy, Inc. 62,838,113 (13,634,062) 18,060,420 (21,639,008)
Less preferred dividends   (2,217,671) (6,676,994) (3,871,849)
Net income (loss) attributable to common stockholders $ 62,838,113 $ (15,851,733) $ 11,383,426 $ (25,510,857)
Income (loss) per weighted average Number of common shares outstanding - basic and diluted $ 1.19 $ (2.08) $ 0.28 $ (4.04)
Weighted average number of common shares outstanding        
Basic and Diluted 52,911,280 7,617,580 40,786,921 6,307,192