v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 1,283,121 $ 2,110,171
Accounts receivable 950,114 617,929
Prepaid expenses 47,419 14,810
Deposits 15,288 15,395
Total current assets 2,295,942 2,758,305
Long-term Assets    
Land 42,548,402 42,548,402
Property and equipment, net of accumulated depreciation 97,528 115,375
Long-term intangible assets 77,032,874 77,814,610
Total long-term assets 119,678,804 120,478,387
Total Assets 121,974,746 123,236,692
Current Liabilities    
Current portion of bank debt 500,000 400,000
Accounts payable 1,342,832 1,136,907
Accrued expenses 2,165,909 2,165,909
Total current liabilities 4,008,741 3,702,816
Long-term Liabilities    
Bank debt, net of current portion 1,300,000 1,400,000
Deposits held 1,000,000 1,000,000
Asset retirement obligations 79,555,116 79,344,297
Total long-term debt 81,855,116 81,744,297
Total liabilities 85,863,857 85,447,113
Stockholders’ Equity    
Common stock, par value $0.001 per share; 1,000,000,000 shares authorized; 113,316,078 and 112,282,745 shares issued and outstanding, respectively 113,316 112,283
Additional paid-in-capital 59,217,451 59,063,484
Accumulated deficit (38,951,344) (37,712,204)
Total controlling equity interest 20,379,423 21,463,563
Noncontrolling equity interest 15,731,466 16,326,016
Total stockholders’ equity 36,110,889 37,789,579
Total Liabilities and Stockholders’ Equity $ 121,974,746 $ 123,236,692