Business Segment Information and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2023

Business Segment Information and Geographic Data

Schedule of Information related to our reportable segments and our consolidated results

	Year Ended December 31, 2023
	Oil and Gas			Power Generation			Total
Loss from Operations is as follows:
Revenue	$	1,042,024		$	31,012,299		$	32,054,323
Operating expenses
Cost of goods		-			21,340,506			21,340,506
Lease operating costs		658,505			-			658,505
General and administrative		4,864,323			10,010,569			14,874,892
Impairment of oil and gas and intangible assets		347,050			669,710			1,016,760
Depreciation, depletion and amortization		595,360			407,202			1,002,562
Accretion - ARO		155,463			-			155,463
Total operating expenses		6,620,701			32,427,987			39,048,688
Loss from operations	$	(5,578,677	)	$	(1,415,688	)	$	(6,994,365	)
Assets
Segment assets	$	6,625,287		$	22,414,398		$	29,039,685
Corporate and unallocated assets								54,562,188
Total Consolidated Assets							$	83,601,873

	Year Ended December 31, 2022
	Oil and Gas			Power Generation			Total
Loss from Operations is as follows:
Revenue	$	3,984,122		$	20,054,038		$	24,038,160
Operating expenses
Cost of goods		-			13,627,457			13,627,457
Lease operating costs		1,633,765			-			1,633,765
General and administrative		4,245,434			10,584,883			14,830,317
Stock based compensation		1,614,334			-			1,614,334
Impairment of intangible assets		-			451,772			451,772
Depreciation, depletion and amortization		1,104,240			394,926			1,499,166
Accretion - ARO		55,521			-			55,521
Total operating expenses		8,653,294			25,059,038			33,712,332
Loss from operations	$	(4,669,172	)	$	(5,005,000	)	$	(9,674,172	)
Assets
Segment assets	$	3,937,839		$	25,033,951		$	28,971,790
Corporate and unallocated assets								20,940,899
Total Consolidated Assets							$	49,912,689