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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Oil and gas sales $ 35,540 $ 5,239 $ 107,256 $ 5,239
Lease operating expenses 69,518 47,558 248,959 49,434
Gross loss (33,978) (42,319) (141,703) (44,195)
Operating expenses:        
Professional services 181,527 61,005 292,010 209,693
Board of director fees 36,000 36,000 72,000 84,000
General and administrative 257,076 215,264 408,606 364,594
Total operating expenses 474,603 312,269 772,616 658,287
Loss from operations (508,581) (354,588) (914,319) (702,482)
Other income (expense):        
Other income 516 0 1,655 0
Interest expense (47,132) (54,916) (102,355) (80,402)
Gain (loss) on change in fair value of derivative liabilities 0 14,969 0 12,211
Total other income (expense) (46,616) (39,947) (100,700) (68,191)
Net loss $ (555,197) $ (394,535) $ (1,015,019) $ (770,673)
Loss per share:        
Basic (in dollars per share) $ (0.03) $ (0.02) $ (0.05) $ (0.04)
Diluted (in dollars per share) $ (0.03) $ (0.02) $ (0.05) $ (0.04)
Weighted average shares outstanding:        
Basic (in shares) 21,708,433 18,824,106 21,680,880 18,824,106
Diluted (in shares) 21,708,433 19,256,426 21,680,880 19,256,426