EQUUS ENERGY LLC (Tables) - Equus Energy, LLC [Member]

12 Months Ended

Dec. 31, 2024

Schedule of Unaudited Condensed Consolidated Balance Sheets

	December 31,			December 31,
	2024			2023
Assets
Current assets:
Cash and cash equivalents	$	7		$	71
Accounts receivable		207			167
Total current assets		214			238
Oil and gas properties		8,164			8,173
Less: accumulated depletion, depreciation and amortization		(8,112	)		(8,097	)
Net oil and gas properties		52			77
Total assets	$	266		$	315
Liabilities and member's deficit
Current liabilities:
Accounts payable and other	$	127		$	105
Due to affiliate		128			126
Total current liabilities		255			231
Asset retirement obligations		226			233
Total liabilities		481			464
Total member's deficit		(215	)		(149	)
Total liabilities and member's deficit	$	266		$	315

Schedule of Unaudited Condensed Consolidated Statements of Operations

	Year ended December 31,
	2024			2023			2022
Cash flows from operating activities:
Net income (loss)	$	(66	)	$	42		$	(533	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depletion, depreciation and amortization		15			2			2
Accretion expense		3			2			2
Changes in operating assets and liabilities:
Accounts receivable		(40	)		41			7
Prepaid expenses and other current assets		—			12			(12	)
Accounts payable and accrued liabilities		22			(5	)		7
Due to Parent		2			(224	)		—
Net cash used in operating activities		(64	)		(130	)		(527	)
Cash flows from investing activities:
Investment in oil & gas properties		—			(4	)		(58	)
Net cash used in investing activities		—			(4	)		(58	)
Cash flows from financing activities:
Capital contribution		—			—			150
Net cash provided by investing activities		—			—			150
Net decrease in cash		(64	)		(134	)		(435	)
Cash and cash equivalents at beginning of period		71			205			640
Cash and cash equivalents at end of period	$	7		$	71		$	205

Schedule of Unaudited Condensed Consolidated Statements of Cash Flows

	Year Ended December 31,
	2024			2023			2022
Operating revenue	$	633		$	646		$	1,063
Operating expenses
Direct operating expenses		420			504			420
Depletion, depreciation, amortization and accretion		18			4			4
Salaries		—			324			383
Professional fees		143			654			713
General and administrative		131			117			75
Total operating expenses		712			1,603			1,596
Net operating loss		(79	)		(958	)		(533	)
Non-operating income
Other income		13			1,000			-
Total other income		13			1,000			-
Net (loss) income	$	(66	)	$	42		$	(533	)