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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Power generation units and parts $ 6,553,893 $ 5,301,911 $ 12,086,013 $ 7,760,206
Service and repairs 3,338,200 1,504,204 6,031,981 6,044,901
Oil and gas 27,868 226,209 94,499 471,406
Total revenue 9,919,961 7,032,324 18,212,493 14,276,513
Operating expenses        
Cost of goods sold 6,857,221 4,816,339 12,764,983 9,602,970
Lease operating costs 0 200,829 22,349 326,192
General and administrative 4,409,727 3,456,900 8,229,727 6,507,221
Stock based compensation 0 0 305,000 0
Depreciation, depletion & amortization 182,330 229,553 411,129 460,701
Accretion - asset retirement obligation 0 18,256 536 49,638
Total operating expenses 11,449,278 8,721,877 21,733,724 16,946,722
Loss from operations (1,529,317) (1,689,553) (3,521,231) (2,670,209)
Other income (expense)        
Interest expense (548,764) (191,741) (1,147,077) (338,412)
Amortization of debt discount (844,074) (212,042) (1,727,351) (265,774)
Change in fair value of derivatives 874,809 717,352 (21,242,198) 182,745
Loss on disposal of membership interests 0 0 (755,506) 0
Loss on extinguishment of debt (811,132) (8,541) (811,132) (163,304)
Other income (expense) 37,218 108,513 31,667 346,615
Total other expense, net (1,291,943) 413,541 (25,651,597) (238,130)
Net loss before income taxes (2,821,260) (1,276,012) (29,172,828) (2,908,339)
Income tax benefit (expense) 0 0 0 0
Net loss (2,821,260) (1,276,012) (29,172,828) (2,908,339)
Net loss attributable to non-controlling interest (95,487) (284,346) (342,044) (364,574)
Net loss attributable to Camber Energy, Inc. $ (2,725,773) $ (991,666) $ (28,830,784) $ (2,543,765)
Loss per common share, basic and diluted $ (0.02) $ (0.02) $ (0.18) $ (0.05)
Weighted average number of common shares outstanding, basic and diluted 177,666,824 47,765,841 158,559,927 46,333,369