v3.26.1
Segment Information (Tables) - Continuing Operations [Member]
 3 Months Ended
Mar. 31, 2026
Schedule of segment information

Segment information for our current operating segments is as follows:

 

  

Energy

Segment

  

Historic

Segment

  

Corporate and

Eliminations

   Consolidated 
Three months ended March 31, 2026                    
Net revenue  $42,767   $-   $-   $42,767 
Operating income (loss)   42,767    (489)   (302,660)   (260,382)
Interest and dividend income   131    -    1    132 
Interest expense   -    -    -    - 
Severance and ad valorem taxes   6,835    -    -    6,835 
Property additions   -    -    -    - 
Fixed asset depreciation and amortization   -    -    848    848 
Other asset additions   -    -    -    - 
Other asset amortization   34,247    -    -    34,247 
Total assets   1,257,537    1,419    1,516,421    2,775,377 
                     
Three months ended March 31, 2025                    
Net revenue  $2,000   $-   $-   $2,000 
Operating income (loss)   2,000    (180)   (195,795)   (193,975)
Interest and dividend income   29,650    -    2    29,651 
Interest expense   -    -    -    - 
Severance and ad valorem taxes   -    -    -    - 
Property additions   -    -    -    - 
Fixed asset depreciation and amortization   -    -    85    85 
Other asset additions   1,369,899    -    -    1,369,899 
Other asset amortization   508    -    -    508 
Total assets   2,356,252    1,564    887,689    3,254,505 
Schedule of reconciliation of revenue from segments to consolidated

The following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes for the three months ended March 31, 2026 and 2025, as presented in the unaudited condensed consolidated income statements:

 

       
   Three Months Ended
March 31,		 
   2026   2025 
Operating loss  $(260,382)  $(193,975)
Realized gain (loss) on investment in securities   18,740    9,547 
Unrealized gain (loss) on investment in securities   52,406    (52,538)
Interest and dividend income   132    29,651 
Interest expense   -    - 
Other income   20,414    - 
Income before income taxes  $(168,690)  $(207,315)