SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Significant Accounting Policies

Assets and liabilities measured at fair value

Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses) (nine months ended Sept. 30, 2023)
Financial liabilities:
Derivative liability - Series C Preferred Stock	$	-	$	-	$	3,319,210	$	(4,037,143	)
Derivative liability – Convertible Debt		-		-		-		(1,766,648	)
	$	-	$	-	$	3,319,210	$	(5,803,791	)

Schedule of inventory

	September 30, 2023			December 31, 2022
Units and work in process	$	7,803,096		$	8,749,903
Parts		2,899,579			2,791,626
		10,702,675			11,541,529
Reserve for obsolescence		(1,169,391	)		(1,264,867	)
	$	9,533,284		$	10,276,662

Schedule of oil and gas revenues

	Three months ended					Nine months ended
	September 30,					September 30,
	2023		2022			2023		2022
Oil	$	213,609	$	337,665		$	604,870	$	1,956,461
Natural gas and natural gas liquids		14,615		(235,479	)		14,615		978,971
Well operations		5,600		15,668			85,745		731,294
	$	233,824	$	117,854		$	705,230	$	3,666,726

Schedule of disaggregates of revenue

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Power generation units	$	4,849,415	$	2,082,218	$	10,416,808	$	3,591,365
Parts		1,892,767		1,196,748		4,085,580		3,321,728
Total units and parts		6,742,182		3,278,966		14,502,388		6,913,093
Service and repairs		3,155,064		2,763,886		9,199,965		8,086,449
	$	9,897,246	$	6,042,852	$	23,702,353	$	14,999,542

Schedule of asset retirement obligations

	Nine Months Ended
	September 30,
	2023		2022
Asset retirement obligation – beginning	$	1,927,196	$	2,111,650
ARO recovered on sale of assets		-		(239,975	)
ARO acquired on the Merger		65,047
Accretion expense		67,599		107,869
Asset retirement obligation – ending	$	2,059,842	$	1,979,544