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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Oil and gas sales $ 22,217 $ 138,900 $ 129,473 $ 144,139
Lease operating expenses 84,219 229,099 333,178 278,533
Gross loss (62,002) (90,199) (203,705) (134,394)
Operating expenses:        
Professional services 130,700 100,775 422,710 310,468
Board of director fees 150,000 36,000 222,000 120,000
General and administrative 141,983 215,859 550,589 580,453
Total operating expenses 422,683 352,634 1,195,299 1,010,921
Loss from operations (484,685) (442,833) (1,399,004) (1,145,315)
Other income (expense):        
Other income 0 0 1,655 0
Interest expense (60,369) (56,871) (162,724) (137,273)
Gain (loss) on change in fair value of derivative liabilities 0 66,186 0 78,397
Total other income (expense) (60,369) 9,315 (161,069) (58,876)
Net loss $ (545,054) $ (433,518) $ (1,560,073) $ (1,204,191)
Loss per share:        
Basic (in dollars per share) $ (0.03) $ (0.02) $ (0.07) $ (0.06)
Diluted (in dollars per share) $ (0.03) $ (0.02) $ (0.07) $ (0.06)
Weighted average shares outstanding:        
Basic (in shares) 21,736,178 19,900,856 21,705,800 19,184,342
Diluted (in shares) 21,736,178 20,303,176 21,705,800 19,586,662