Summary of Significant Accounting Policies (Details Narrative) - USD ($) |
9 Months Ended | ||
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Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
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Summary of Significant Accounting Policies | |||
Allowance for doubtful oil and gas | $ 0 | $ 754,472 | |
Membership interest percentage | 20.00% | ||
Interest rate | 10.00% | ||
Allowance for doubtful accounts | $ 0 | 754,472 | |
Allowance for doubtful accounts | $ 1,302,659 | ||
Dilutive common stock equivalents | 17,204,020 | 48,182,727 | |
Ownership interest | 51.00% | ||
Goodwill | $ 0 | 252,290 | |
Remaining life related patents | 16 years | ||
Acquisition interest | 51.00% | ||
Cash in excess of CDIC insured amount | $ 4,170,062 | $ 2,246,407 | |
Cash at bank CDIC insured amount | $ 100,000 | ||
Description of unconsolidated entity | does not have a controlling financial interest and (ii) has the ability to exercise significant influence over the operating and financial policies of the entity. As described in Note 2, during August 2021 the Company acquired a 60.5% interest in Simson-Maxwell. |
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- Definition Amount of allowance for credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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