Quarterly report pursuant to Section 13 or 15(d)

Relationship with and Ownership by Camber Energy, Inc (Details Narrative)

v3.21.2
Relationship with and Ownership by Camber Energy, Inc (Details Narrative) - USD ($)
1 Months Ended 9 Months Ended
Jul. 09, 2021
Jan. 08, 2021
Dec. 11, 2020
Jul. 29, 2021
Apr. 23, 2021
Feb. 15, 2021
Dec. 23, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Aggregate purchase price       $ 11,000,000            
Ownership shares issued and outstanding       73.00%            
Repayments of related party debt               $ 60,843 $ 16,993  
Common stock, par value               $ 0.001   $ 0.001
Loss on debt settlement               $ 2,774,341 $ 931,894  
Third Camber Investor Note [Member]                    
Maturity date Jan. 01, 2024       Dec. 11, 2022          
Amount borrowed         $ 2,500,000          
Principal amount of promissory note         $ 2,500,000          
Accruing interest rate         10.00%          
Share price $ 1.25                  
December 23, 2020 through July 2, 2022 [Member]                    
Minimum Ownership percentage             51.00%      
Series C Redeemable Convertible Preferred Stock [Member]                    
Convertible preferred stock issued   1,890                
Loss on debt settlement   $ (926,531)                
Convertible preferred stock, amount   19,622,000                
Cancellation Agreement [Member]                    
Repayments of related party debt   $ 325,000                
Merger Agreement [Member]                    
Minimum Ownership percentage           9.99%        
Common stock, par value           $ 0.001        
Series A preferred stock conversion description           Each share of Camber Series A Preferred Stock will convert into 890 shares of common stock        
Elysium Energy Holdings, LLC [Member]                    
Proceeds from related party debt             $ 12,000,000      
Maturity date             Dec. 11, 2022      
Issuance of promissory note , principal             $ 12,000,000      
Interest rate             10      
EMC Capital Partners [Member]                    
Convertible preferred stock issued   1,890                
Acquired Shares   16,153,846                
Promissory note issued to related party     $ 6,000,000              
Securities Purchase Agreement [Member]                    
Acquired Shares             26,274,510      
Cash payment             $ 10,900,000      
Cancelation of promissory notes             $ 9,200,000      
Minimum Ownership percentage             51.00%      
Feburary 3, 2020 [Member]                    
Secured promissory note principal, amount               $ 20,869,218    
Camber Energy, Inc [Member] | December 23, 2020 [Member]                    
Convertible preferred stock issued   1,890                
Acquisition percentage upon outstanding common shares   62.00%                
Ownership interest after july transaction               73.00%