| Schedule Income (Loss) from Operations |
|
|
Six Months Ended June 30, 2022 |
|
|
|
Oil and Gas |
|
|
Power Generation |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations is as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
3,548,872 |
|
|
$ |
8,956,690 |
|
|
$ |
12,505,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods |
|
|
- |
|
|
|
5,053,599 |
|
|
|
5,053,599 |
|
Lease operating costs |
|
|
1,186,168 |
|
|
|
- |
|
|
|
1,186,168 |
|
General and administrative |
|
|
3,365,565 |
|
|
|
5,115,197 |
|
|
|
8,480,762 |
|
Stock based compensation |
|
|
588,870 |
|
|
|
- |
|
|
|
588,870 |
|
Accretion - ARO |
|
|
81,631 |
|
|
|
- |
|
|
|
81,631 |
|
Depreciation, depletion and amortization |
|
|
840,042 |
|
|
|
173,428 |
|
|
|
1,013,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
6,062,276 |
|
|
|
10,342,224 |
|
|
|
16,404,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations |
|
$ |
(2,513,404 |
) |
|
$ |
(1,385,534 |
) |
|
$ |
(3,898,938 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Assets |
|
$ |
18,045,937 |
|
|
$ |
23,914,383 |
|
|
$ |
41,960,320 |
|
Corporate and unallocated assets |
|
|
|
|
|
|
|
|
|
|
23,624,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consolidated Assets |
|
|
|
|
|
|
|
|
|
$ |
65,584,734 |
|
|