Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue    
Oil and gas sales $ 597,255 $ 401,222
Operating expenses    
Lease operating costs 173,327 134,684
General and administrative 4,668,636 4,150,708
Stock based compensation 123,754 1,536,895
Depreciation, depletion, amortization and accretion 14,107 12,300
Total operating expenses 4,979,824 5,834,587
Loss from operations (4,382,569) (5,433,365)
Other income (expense)    
Interest expense (4,705,624) (1,979,290)
Equity (deficit) in earnings of unconsolidated entity (9,461,874) (9,430,946)
Gain (loss) on derivative liability (89,523,091) (152,831,568)
Interest and other income 331,193 0
Total other income (expense) (103,359,396) (164,241,804)
Net loss before income taxes (107,741,965) (169,675,169)
Income tax benefit (expense) 0 0
Net loss attributable to Camber Energy, Inc. (107,741,965) (169,675,169)
Less preferred dividends 0 (84,156,455)
Net loss attributable to common stockholders $ (107,741,965) $ (253,831,624)
Income (loss) per weighted average number of common shares outstanding - basic and diluted $ (11.16) $ (102.29)
Weighted average number of common shares outstanding    
basic and diluted $ 9,650,178 $ 2,481,545