Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Relationship with and Ownership by Camber Energy Inc (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 09, 2022
Jan. 08, 2021
Dec. 11, 2020
Jul. 29, 2021
Feb. 15, 2021
Dec. 23, 2020
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2022
Dec. 31, 2021
Apr. 23, 2021
Dec. 18, 2020
Aggregate purchase price       $ 11,000,000                  
Ownership shares issued and outstanding               73.00%          
Common stock, par value               $ 0.001   $ 0.001 $ 0.001    
Loss on debt settlement             $ 926,531 $ 0 $ 926,531        
Acquired Shares 2,075                        
July 29, 2021 [Member] | Camber [Member]                          
Maturity date       Jan. 01, 2027                  
Additional share acquired       27,500,000                  
Principal amount of promissory note                   $ 26,315,789   $ 2,500,000 $ 12,000,000
Share price       $ 1.50                  
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%          
Series C Redeemable Convertible Preferred Stock [Member]                          
Loss on debt settlement   $ (926,531)                      
Convertible preferred stock issued   1,890                      
Convertible preferred stock, amount   $ 19,622,000                      
Securities Purchase Agreement [Member]                          
Acquired Shares           26,274,510              
Minimum Ownership percentage           51.00%   51.00%          
Cash payment           $ 10,900,000              
Cancelation of promissory notes           $ 9,200,000              
December 23, 2020 through July 2, 2022 [Member]                          
Minimum Ownership percentage           51.00%   61.00%          
Merger Agreement [Member]                          
Common stock, par value         $ 0.001                
Minimum Ownership percentage         9.99%                
Series A preferred stock conversion description         Each share of Camber Series A Preferred Stock will convert into 890 shares of common stock                
EMC Capital Partners [Member]                          
Acquired Shares   16,153,846                      
Convertible preferred stock issued   1,890                      
Promissory note issued to related party     $ 6,000,000