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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Oil and gas sales $ 138,900 $ 2,369 $ 144,139 $ 2,369
Lease operating expenses 229,099 7,303 278,533 7,303
Gross loss (90,199) (4,934) (134,394) (4,934)
Operating expenses:        
Professional services 100,775 22,793 310,468 70,355
Board of director fees 36,000 48,000 120,000 144,000
General and administrative 215,859 173,039 580,453 531,860
Gain on settlement of accounts payable 0 0 0 (120,250)
Total operating expenses 352,634 243,832 1,010,921 625,965
Loss from operations (442,833) (248,766) (1,145,315) (630,899)
Other income (expense):        
Interest expense (56,871) (5,219) (137,273) (114,806)
Gain (loss) on change in fair value of derivative liabilities 66,186 (19,200) 78,397 (24,299)
Total other income (expense) 9,315 (24,419) (58,876) (139,105)
Net loss $ (433,518) $ (273,185) $ (1,204,191) $ (770,004)
Loss per share:        
Basic (in dollars per share) $ (0.02) $ (0.01) $ (0.06) $ (0.04)
Diluted (in dollars per share) $ (0.02) $ (0.01) $ (0.06) $ (0.04)
Weighted average shares outstanding:        
Basic (in shares) 19,900,856 18,377,318 19,184,342 18,292,604
Diluted (in shares) 20,303,176 18,377,318 19,586,662 18,292,604