Investor Relations
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
|---|---|---|
Sep. 30, 2025 | Sep. 30, 2024 | |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | ||
| Cash flows from operating activities: | ||
| [Net Income (Loss), Including Portion Attributable to Noncontrolling Interest] | $ (4,166,782) | $ (64,891,096) |
| Adjustments to reconcile net loss to cash provided by (used) in operating activities: | ||
| Goodwill impairment | $ 34,860,411 | |
| Intangible asset impairment | $ 3,728,011 | |
| Change in fair value of derivative liability | $ 266,891 | $ (18,573,289) |
| Stock-based compensation | $ 5,761 | $ 305,000 |
| Depreciation, depletion and amortization | $ 291,617 | $ 596,427 |
| Amortization of right-of-use assets | $ 410,832 | $ 1,281,011 |
| Equity in earnings (losses) of unconsolidated entity | $ 10,550 | |
| [Amortization of Debt Issuance Costs and Discounts] | $ 2,406,588 | $ 2,538,362 |
| Loss on extinguishment of debt | $ (811,132) | |
| Gain on partial disposal of interest in subsidiary | $ 6,169,824 | |
| Loss on disposal of oil and gas properties | $ (755,506) | |
| Accretion - Asset Retirement Obligation | $ 536 | |
| [Realized Gain (Loss), Foreign Currency Transaction, before Tax] | $ (65,834) | $ 46,658 |
| Changes in operating assets and liabilities: | ||
| [Increase (Decrease) in Accounts Receivable] | $ (847,502) | $ (2,622,842) |
| [Increase (Decrease) in Inventories] | $ (1,594,832) | $ (240,102) |
| [Increase (Decrease) in Prepaid Expense and Other Assets] | $ 52,930 | $ (26,707) |
| [Increase (Decrease) in Accounts Payable] | $ 379,561 | $ 2,697,514 |
| [Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities] | $ (504,785) | $ (1,293,070) |
| [Due to related parties] | $ 170,276 | |
| [Increase (Decrease) in Customer Deposits] | $ (167,027) | $ 549,869 |
| Operating lease liabilities | $ (391,476) | $ (1,255,595) |
| [Undistributed revenues and royalties] | $ 3,413 | |
| [Cash Provided by (Used in) Operating Activity, Including Discontinued Operation] | $ (1,999,727) | $ (1,454,022) |
| Cash flows from investing activities: | ||
| Proceeds from sale of oil and gas properties | $ 205,000 | |
| [Payments to Acquire Property, Plant, and Equipment] | $ 16,136 | $ 66,454 |
| Payments received on notes receivable | $ 42,162 | |
| [Deconsolidation of Simson-Maxwell cash balance] | $ 4,730 | |
| [Payments to Acquire Equity Method Investments] | $ 100 | |
| [Cash Provided by (Used in) Investing Activity, Including Discontinued Operation] | $ 21,196 | $ 138,546 |
| Cash flows from financing activities: | ||
| Issuance (repayment) of long-term debt, net | $ 1,897,875 | $ (2,047) |
| Advances from (repayment of) bank credit facility | $ (154,676) | $ 827,127 |
| Advance from related party | $ 427,500 | |
| Proceeds from promissory notes, related parties, net | $ (16,170) | $ 35,751 |
| [Cash Provided by (Used in) Financing Activity, Including Discontinued Operation] | $ 2,154,529 | $ 860,831 |
| [Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation] | $ 175,998 | $ (454,645) |
| Cash and cash equivalents | ||
| Cash and cash equivalents | ||
| Supplemental Cash Flow Information: | ||
| Cash paid for: | ||
| Interest | $ 174,663 | $ 431,749 |
| Income taxes | ||
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||
| Issuance of shares on true-up of Series C Preferred Stock | $ 14,930,879 | |
| Common stock to be issued related to prior conversions of Series C Preferred Stock | $ 6,971,949 | |
| Issuance of common stock on conversion of debt | $ 3,645,821 | |
| Issuance of common stock on conversion of accrued interest on debt | $ 285,030 | |
| Acquisition of right of use assets through operating lease | $ 5,854,559 | |