Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information and Geographic Data (Tables)

v3.23.1
Business Segment Information and Geographic Data (Tables)
3 Months Ended
Mar. 31, 2023
Business Segment Information and Geographic Data  
Schedule Income (Loss) from Operations

 

 

Three Months Ended March 31, 2023

 

 

 

Oil and Gas

 

 

Power Generation

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Operations is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 245,197

 

 

$ 6,998,992

 

 

$ 7,244,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods

 

 

-

 

 

 

4,786,631

 

 

 

4,786,631

 

Lease operating costs

 

 

125,363

 

 

 

-

 

 

 

125,363

 

General and administrative

 

 

828,479

 

 

 

2,221,842

 

 

 

3,050,321

 

Stock based compensation

 

 

-

 

 

 

-

 

 

 

-

 

Accretion - ARO

 

 

31,382

 

 

 

-

 

 

 

31,382

 

Depreciation, depletion and amortization

 

 

134,535

 

 

 

96,613

 

 

 

231,148

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

1,119,759

 

 

 

7,105,086

 

 

 

8,224,845

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

$ (874,562 )

 

$ (106,094 )

 

$ (980,656 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment assets

 

$ 3,148,445

 

 

$ 26,151,981

 

 

$ 29,300,426

 

Corporate and unallocated assets

 

 

 

 

 

 

 

 

 

 

20,192,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Consolidated Assets

 

 

 

 

 

 

 

 

 

$ 49,492,563

 

 

 

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