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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,668,847 $ 569,298
Accounts receivable, related party (0) 177,519
Accounts receivable - working interest owners 207,470
Production receivable 1,412
Prepayments - development costs 131,340 150,000
Prepaid expenses 76,741 62,300
Total current assets 2,085,810 959,117
Oil and natural gas properties, net of impairment
Other assets 105,179 80,179
TOTAL ASSETS 2,190,989 1,039,296
Current liabilities:    
Accounts payable 3,777,693 4,947,774
Prepayments, working interest owners 311,281
Note payable - META 22,573,724
Note payable - related party 41,221,028 2,000,000
Accrued interest payable – unrelated parties 1,571,336
Accrued interest payable – related parties 3,870,175
Total current liabilities 49,180,177 31,092,834
Asset retirement obligations 248,651 246,866
Total liabilities 49,428,828 31,339,700
Stockholders’ deficit    
Preferred stock, par value $0.0001, 50,000,000 shares authorized; -0- issued and outstanding December 31, 2023 and December 31, 2022
Common stock, par value $0.0001; 500,000,000 shares authorized; 248,830,516 issued and outstanding at December 31, 2023; 165,472,241 issued and outstanding at December 31, 2022 24,883 16,547
Additional paid-in capital 71,956,656 51,345,640
Accumulated deficit (119,219,378) (81,662,591)
Total deficit (47,237,839) (30,300,404)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 2,190,989 $ 1,039,296