| Schedule Income (Loss) from Operations |
|
|
Nine Months Ended September 30, 2022 |
|
|
|
Oil and Gas |
|
|
Power Generation |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations is as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
3,666,726 |
|
|
$ |
14,999,542 |
|
|
$ |
18,666,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods |
|
|
- |
|
|
|
9,871,239 |
|
|
|
9,871,239 |
|
Lease operating costs |
|
|
1,429,847 |
|
|
|
- |
|
|
|
1,429,847 |
|
General and administrative |
|
|
3,570,740 |
|
|
|
7,637,677 |
|
|
|
11,208,417 |
|
Stock based compensation |
|
|
1,614,334 |
|
|
|
- |
|
|
|
1,614,334 |
|
Accretion - ARO |
|
|
107,869 |
|
|
|
- |
|
|
|
107,869 |
|
Depreciation, depletion and amortization |
|
|
1,022,643 |
|
|
|
304,018 |
|
|
|
1,326,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
|
7,745,433 |
|
|
|
17,812,934 |
|
|
|
25,558,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations |
|
$ |
(4,078,707 |
) |
|
$ |
(2,813,392 |
) |
|
$ |
(6,892,099 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets |
|
$ |
4,732,923 |
|
|
$ |
23,919,207 |
|
|
$ |
28,652,130 |
|
Corporate and unallocated assets |
|
|
|
|
|
|
|
|
|
|
22,329,188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consolidated Assets |
|
|
|
|
|
|
|
|
|
$ |
50,981,318 |
|
|