| QUARTERLY DATA (UNAUDITED) |
17.
QUARTERLY DATA (UNAUDITED)
Quarterly
results include all adjustments consisting of normal recurring adjustments that the Company considers necessary for the quarters
presented and are not necessarily indicative of the operating results of any future period. Summarized financial information for
each quarter during the years ended December 31, 2025 (as adjusted to reflect changes in asset retirement obligations and the resulting accretion expense, and the reclassification
of land attributable to asset retirement costs to long-term intangible assets and the resulting amortization expense) and 2024 is below:
SCHEDULE OF FINANCIAL INFORMATION QUARTERLY DATA
| | |
Quarter ended
March 31, 2025 | | |
Quarter ended
June 30, 2025 | | |
Quarter ended
September 30, 2025 | | |
Quarter ended
December 31, 2025 | |
| As adjusted: | |
| | |
| | |
| | |
| |
| Revenues | |
$ | - | | |
$ | 1,106,089 | | |
$ | 569,947 | | |
$ | 2,034,678 | |
| Income (loss) from continuing operations | |
| (591,407 | ) | |
| (318,871 | ) | |
| (719,580 | ) | |
| (110,006 | ) |
| Income (loss) from discontinued operations | |
| 36,111 | | |
| (30,636 | ) | |
| (30,636 | ) | |
| - | |
| Net income (loss) | |
| 5,099,627 | | |
| (1,028,795 | ) | |
| (813,043 | ) | |
| 15,909,889 | |
| Net income (loss) per share – basic and diluted | |
| 0.05 | | |
| (0.01 | ) | |
| (0.01 | ) | |
| 0.15 | |
| | |
Quarter ended
March 31, 2024 | | |
Quarter ended
June 30, 2024 | | |
Quarter ended
September 30, 2024 | | |
Quarter ended
December 31, 2024 | |
| | |
| | |
| | |
| | |
| |
| Revenues | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Loss from continuing operations | |
| (708,051 | ) | |
| (87,751 | ) | |
| (781,317 | ) | |
| (575,419 | ) |
| Income (loss) from continuing operations | |
| (708,051 | ) | |
| (87,751 | ) | |
| (781,317 | ) | |
| (575,419 | ) |
| Loss from discontinued operations | |
| (403,928 | ) | |
| (544,949 | ) | |
| (4,541,989 | ) | |
| (1,129,057 | ) |
| Income (loss) from discontinued operations | |
| (403,928 | ) | |
| (544,949 | ) | |
| (4,541,989 | ) | |
| (1,129,057 | ) |
| Net income (loss) | |
| (1,213,840 | ) | |
| (1,225,681 | ) | |
| (4,920,338 | ) | |
| (2,438,225 | ) |
| Net income (loss) per share – basic and diluted | |
| (0.01 | ) | |
| (0.01 | ) | |
| (0.05 | ) | |
| (0.02 | ) |
|