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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 30, 2025
May 31, 2025
Current Assets    
Cash and cash equivalents and restricted cash $ 568,831 $ 249,409
Receivables – related party 37,500
Prepaid expenses and other current assets 25,671 21,156
Assets of discontinued operations 27,958
Total Current Assets 632,002 298,523
Property and Equipment    
Oil and gas acquisition and drilling costs 968,376 1,001,209
Property and equipment, net 94,229 108,286
Total Property and Equipment, net 1,062,605 1,109,495
Other assets 10,000 30,000
Non-current assets of discontinued operations 10,000
TOTAL ASSETS 1,704,607 1,448,018
Current Liabilities    
Accounts payable 2,132,055 2,027,487
Accounts payable – related party 325,000 402,344
Accrued payroll liabilities 4,008,043 3,752,527
Accrued interest 760,579 656,460
Deferred well development costs 2,649,260 2,799,260
Convertible debt contributed for net working interest 575,000 575,000
Bridge securities, net of debt discount 59,030 352,478
Promissory note, net of debt discount 1,475,000 181,349
Revolving note 1,060,061 1,060,061
Note payable – related party 292,099 292,099
Note payable – Alleghany, net of debt discount 617,934 617,934
Note payable, current portion 62,038 61,729
Liabilities of discontinued operations 130,812
Total Current Liabilities 14,016,099 12,909,540
Asset retirement obligation 157,394 157,394
Long-term note, net of current portion 794,604 825,701
Liabilities of discontinued operations 127,698
Total Noncurrent Liabilities 951,998 1,110,793
TOTAL LIABILITIES 14,968,097 14,020,333
Stockholders’ Deficit    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized; none issued and outstanding
Common stock: $0.0001 par value; 120,000,000 and 120,000,000 shares authorized; 77,352,405 and 74,771,476 issued and outstanding as of November 30, 2025 and May 31, 2025, respectively 7,735 7,477
Additional paid in capital 16,897,332 13,275,577
Subscription paid in advance 50,000
Accumulated deficit (30,168,557) (25,905,369)
Total Stockholders’ Deficit (13,263,490) (12,572,315)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,704,607 $ 1,448,018