XML 105 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) (Restated) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Power generation units and parts $ 5,532,120 $ 2,458,295
Service and repairs 2,693,781 4,540,697
Oil and gas 66,631 245,197
Total revenue 8,292,532 7,244,189
Operating expenses    
Cost of goods sold 5,907,762 4,786,631
Lease operating costs 22,349 125,363
General and administrative 3,820,001 3,050,321
Stock based compensation 304,999 0
Depreciation, depletion & amortization 228,799 231,148
Accretion - asset retirement obligation 536 31,382
Total operating expenses 10,284,446 8,224,845
Loss from operations (1,991,914) (980,656)
Other income (expense)    
Interest expense (598,313) (146,671)
Amortization of debt discount (883,277) (53,732)
Change in fair value of derivatives (22,117,007) 534,607
Loss on disposal of membership interests 755,506 0
Loss on extinguishment of debt 0 (154,763)
Other income (expense) 5,551 238,102
Total other expense, net (24,359,654) (651,671)
Net loss before income taxes (26,351,568) (1,632,327)
Income tax benefit (expense) 0 0
Net loss (26,351,568) (1,632,327)
Net loss attributable to non-controlling interest (246,557) (80,228)
Net loss attributable to Camber Energy, Inc. $ (26,105,011) $ (1,552,099)
Loss per common share, basic and diluted $ (0.19) $ (0.03)
Weighted average number of common shares outstanding, basic and diluted 139,453,030 44,852,611