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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
Major components of tax expense (income) [abstract]  
SCHEDULE OF INCOME TAX RATES TO THE NET LOSS BEFORE TAX PROVISION

The provision for income taxes reported differs from the amounts computed by applying the cumulative US federal and state income tax rates to the net loss before tax provision due to the following:

 

   2023   2022 
         
Net income  $22,639   $16,643 
Statutory tax rate   26.43%   25.44%
Net income After Tax   5,983    4,234 
Add (deduct):          
Return to provision   (122)   - 
Depletion   (352)   - 
Prior period state deferred adjustments   1,051    - 
Change in unrecognized tax benefit   (3,229)   (4,587)
Change in enacted tax rate   -    313 
Other   28    40 
Income tax expense  $3,359   $- 
SCHEDULE OF DEFERRED TAX LIABILITIES AND ASSETS

Deferred tax liabilities and assets are attributable to the following:

 

   2023   2022 
Deferred income tax liabilities:          
Property, plant and equipment/exploration and evaluation assets  $(37,118)  $(35,526)
Commodity contracts   (103)   - 
Leases   (18)   - 
           
Deferred tax assets:          
Stock based compensation   377    48 
Asset retirement obligations   425    363 
Commodity contracts        362 
Other   -    8 
Loss carry-forward   33,078    34,745 
Deferred tax assets and liabilities  $(3,359)  $- 
SCHEDULE OF UNRECOGNIZED DEFERRED TAX ASSETS

Deferred tax assets have not been recognized for the following deductible temporary differences:

 

   2023   2022 
         
Property, plant and equipment/exploration and evaluation assets  $441   $14,508 
Loss carry-forward   22,014    44,215 
Capital losses   10,976    11,182 
Unrecognized deferred tax assets  $33,432   $69,905