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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 1,850,831 $ 1,877,163
Restricted Cash 6,000,000 6,025,000
Other Receivables, net 669,873 868,429
Revenue Receivables 439,207 764,653
Prepaid Expenses and Other Current Assets 757,914 619,913
Total Current Assets 9,717,825 10,155,158
Other Assets 584,865 589,865
Right of Use Asset - Operating Leases 214,308 238,509
Oil and Gas Properties (Successful Efforts Basis), Real Property and Equipment and Fixtures, net 4,584,033 4,656,659
Total Assets 15,101,031 15,640,191
Accounts Payable and Accrued Expenses 6,510,879 6,966,605
Notes Payable - Current 1,400,000 0
Royalties Payable 611,833 611,833
RMX Resources, LLC 23,087 23,087
Operating Leases - Current 96,095 94,070
Asset Retirement Obligation - Current 1,012,500 1,012,500
Deferred Drilling Obligations 12,032,996 11,457,996
Total Current Liabilities 21,687,390 20,166,091
Asset Retirement Obligation 4,081,358 4,066,095
Notes Payable - Non-current 2,120,934 3,489,290
Operating Leases - Non-current 120,229 145,644
Accrued Unpaid Guaranteed Payments 90,000 90,000
Accrued Liabilities - Non-current 12,386 12,386
Total Liabilities 28,112,297 27,969,506
Common Stock, .001 Par Value, 280,000,000 Shares Authorized 96,600,302 and 96,600,302 shares issued and outstanding at March 31 2025 and December 31, 2024, respectively 96,600 96,600
Additional Paid in Capital 81,078,554 81,078,554
Accumulated Deficit (94,186,420) (93,504,469)
Total Stockholders’ Deficit (13,011,266) (12,329,315)
Total Liabilities, and Stockholders’ Deficit $ 15,101,031 $ 15,640,191