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CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($) | Total | Common Stock | Additional Paid-in Capital | Retained Earnings (Accumulated Deficit)
--- | --- | --- | --- | ---
Beginning balance (in shares) at Dec. 31, 2023 |  | 196,837,001 |  |
Beginning balance at Dec. 31, 2023 | $ 786,582,900 | $ 196,837 | $ 795,834,675 | $ (9,448,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |
Restricted stock vested (in shares) |  | 1,342,112 |  |
Restricted stock vested | 0 | $ 1,342 | (1,342) |
Shares to cover tax withholdings for restricted stock vested (in shares) |  | (244,911) |  |
Shares to cover tax withholdings for restricted stock vested | 0 | $ (245) | 245 |
Payments to cover tax withholdings for restricted stock vested, net | (814,985) |  | (814,985) |
Share-based compensation | 1,723,832 |  | 1,723,832 |
Net income | 5,515,377 |  |  | 5,515,377
Ending balance (in shares) at Mar. 31, 2024 |  | 197,934,202 |  |
Ending balance at Mar. 31, 2024 | 793,007,124 | $ 197,934 | 796,742,425 | (3,933,235)
Beginning balance (in shares) at Dec. 31, 2024 |  | 198,561,378 |  |
Beginning balance at Dec. 31, 2024 | 858,639,982 | $ 198,561 | 800,419,719 | 58,021,702
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |
Restricted stock vested (in shares) |  | 1,983,465 |  |
Restricted stock vested | 0 | $ 1,983 | (1,983) |
Shares to cover tax withholdings for restricted stock vested (in shares) |  | (488,596) |  |
Shares to cover tax withholdings for restricted stock vested | 0 | $ (488) | 488 |
Payments to cover tax withholdings for restricted stock vested, net | (896,431) |  | (896,431) |
Common stock issuance for Lime Rock Acquisition (in shares) |  | 6,452,879 |  |
Common stock issuance for Lime Rock Acquisition | 7,420,811 | $ 6,453 | 7,414,358 |
Share-based compensation | 1,690,958 |  | 1,690,958 |
Net income | 9,110,738 |  |  | 9,110,738
Ending balance (in shares) at Mar. 31, 2025 |  | 206,509,126 |  |
Ending balance at Mar. 31, 2025 | $ 875,966,058 | $ 206,509 | $ 808,627,109 | $ 67,132,440

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