Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information and Geographic Data

Business Segment Information and Geographic Data

3 Months Ended

Mar. 31, 2023

Business Segment Information and Geographic Data

Business Segment Information and Geographic Data

Note 15. Business Segment Information and Geographic Data

The Company has two reportable segments: Power Generation and Oil and Gas Exploration. The power generation segment provides custom energy and power solutions to commercial and industrial clients in North America and the oil and gas segment is involved in exploration and production with properties in central and southern United States. We evaluate segment performance based on revenue and operating income (loss).

Information related to our reportable segments and our consolidated results for the three months ended March 31, 2023 is presented below.

	Three Months Ended March 31, 2022
	Oil and Gas			Power Generation			Total

Income (Loss) from Operations is as follows:

Revenue	$	1,678,817		$	4,241,300		$	5,920,117

Operating expenses
Cost of goods		-			2,451,309			2,451,309
Lease operating costs		568,515			-			568,515
General and administrative		2,585,003			2,709,158			5,294,161
Stock based compensation		292,808			-			292,808
Accretion - ARO		35,066			-			35,066
Depreciation, depletion and amortization		414,204			85,565			499,769

Total operating expenses		3,895,596			5,246,032			9,141,628

Income (loss) from operations	$	(2,216,779	)	$	(1,004,732	)	$	(3,221,511	)

Assets

Segment Assets	$	18,393,576		$	25,713,608		$	44,107,184
Corporate and unallocated assets								24,981,033

Total Consolidated Assets							$	69,088,217