| 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 |
|
|