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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 5,854,382 $ 868,548
Accounts receivable - oil and gas - net 24,389 7,077
Prepaid expenses 56,833 34,211
Total current assets 5,935,604 909,836
Oil and gas properties, full cost method    
Proved developed producing oil and gas properties, net 68,884 74,877
Total oil and gas properties, net 68,884 74,877
Due from Viking Energy, Inc. 4,100,000 0
Equity method investment 36,299,592 15,830,538
TOTAL ASSETS 46,404,080 16,815,251
Current liabilities    
Accounts payable 1,449,335 996,382
Accrued expenses and other current liabilities 2,103,674 67,397
Current taxes payable 3,000 3,000
Derivative liability 93,108,568 93,981,234
Total current liabilities 96,664,577 95,048,013
Long-term debt - net of current portion 21,500,000 18,000,000
Asset retirement obligation 53,055 46,748
TOTAL LIABILITIES 118,217,632 113,094,761
Commitments and contingencies (Note 11) 0 0
TEMPORARY EQUITY    
Preferred Stock Series C, 2,093 shares issued and outstanding as of December 31, 2020, liquidation preference of $72,135,245 0 5,946,052
STOCKHOLDERS' DEFICIT    
Common stock, 1,000,000,000 shares authorized of $0.001 par value, 257,132,026 and 25,000,000 shares issued and outstanding as of December 31, 2021 and 2022 257,132 25,000
Additional paid-in-capital 409,217,417 209,362,384
Accumulated Deficit (481,288,115) (311,612,946)
TOTAL STOCKHOLDERS' DEFICIT (71,813,552) (102,225,562)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 46,404,080 16,815,251
Series C Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Preferred Stock Value 4 0
Series G Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Preferred Stock Value $ 10 $ 0