v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables set forth financial assets and liabilities measured at fair value in the condensed balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of June 30, 2026 and December 31, 2025:
Fair Value as of June 30, 2026
Level 1Level 2Level 3Total
Financial assets (liabilities):
Inventory$— $151,835,748 $— $151,835,748 
Commodity derivative instruments$(11,557,070)$134,665 $— $(11,422,405)
Provisionally priced contracts$— $12,837,414 $— $12,837,414 
Fair Value as of December 31, 2025
Level 1Level 2Level 3Total
Financial assets (liabilities):
Inventory$— $131,760,675 $— $131,760,675 
Commodity derivative instruments$604,866 $1,286,446 $— $1,891,312 
Provisionally priced contracts$— $(16,872,958)$— $(16,872,958)