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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING We have the following segments and reporting units: production and sale of renewable energy, mining and strategic and other corporate investments. Summarized financial information relating to our reportable segments is provided below. Certain amounts have been reclassified to conform to the current period presentation, most notably to reclassify our historical activities to our all-other segment. Our renewable energy segment includes our new fuels and metal recycling technologies and the resulting renewable energy services. Our mining segment includes our gold and silver mining assets and real estate. Our strategic and other investments segment includes all other activities, including all other real estate, equity method investments in GenMat and SSOF, and general corporate costs. Strategic and other investments revenue is from real estate activities.
Three-Months Ended June 30, 2023 |  | Renewable Energy |  | Mining |  | Strategic and Other Investments |  | Total
Revenue |  | $ | — |  |  | $ | 27,525 |  |  | $ | 7,800 |  |  | $ | 35,325 |
Depreciation and amortization |  | $ | 234,498 |  |  | $ | 61,694 |  |  | $ | 408,689 |  |  | $ | 704,881 |
Loss from operations |  | $ | (2,514,847) |  |  | $ | (801,487) |  |  | $ | (2,615,378) |  |  | $ | (5,931,712) |
Change in fair value of derivative instruments |  | $ | — |  |  | $ | — |  |  | $ | 1,564,617 |  |  | $ | 1,564,617 |
Total other income (expense), net |  | $ | (16,003) |  |  | $ | 84,749 |  |  | $ | 358,377 |  |  | $ | 427,123 |
Net loss |  | $ | (2,530,850) |  |  | $ | (716,739) |  |  | $ | (2,257,000) |  |  | $ | (5,504,589) |
Total Assets: |  | $ | 16,285,260 |  |  | $ | 7,903,902 |  |  | $ | 80,795,059 |  |  | $ | 104,984,221 |
Capital Expenditures |  | $ | 28,012 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,012 |
Three-Months Ended June 30, 2022 |  | Renewable Energy |  | Mining |  | Strategic and Other Investments |  | Total
Revenue |  | $ | — |  |  | $ | 45,125 |  |  | $ | 7,800 |  |  | $ | 52,925 |
Depreciation and amortization |  | $ | 357,815 |  |  | $ | 123,609 |  |  | $ | 327,470 |  |  | $ | 808,894 |
Loss from operations |  | $ | (3,339,858) |  |  | $ | (1,106,904) |  |  | $ | (1,396,930) |  |  | $ | (5,843,692) |
Change in fair value of derivative instruments |  | $ | 595,000 |  |  | $ | — |  |  | $ | (8,785,000) |  |  | $ | (8,190,000) |
Impairment of investments and note receivable, net recovery |  | $ | — |  |  | $ | — |  |  | $ | 895,204 |  |  | $ | 895,204 |
Total other income (expense), net |  | $ | (685,757) |  |  | $ | (2,435,872) |  |  | $ | (5,125,276) |  |  | $ | (8,246,905) |
Net loss |  | $ | (4,025,615) |  |  | $ | (2,476,601) |  |  | $ | (7,588,381) |  |  | $ | (14,090,597) |
Total Assets: |  | $ | 42,026,333 |  |  | $ | 9,363,762 |  |  | $ | 66,435,968 |  |  | $ | 117,826,063 |
Capital Expenditures |  | $ | 33,802 |  |  | $ | — |  |  | $ | — |  |  | $ | 33,802 |
Six-Months Ended June 30, 2023 |  | Renewable Energy |  | Mining |  | Strategic and Other Investments |  | Total
Revenue |  | $ | — |  |  | $ | 50,475 |  |  | $ | 15,600 |  |  | $ | 66,075 |
Depreciation and amortization |  | $ | 489,148 |  |  | $ | 123,388 |  |  | $ | 723,386 |  |  | $ | 1,335,922 |
Loss from operations |  | $ | (4,472,130) |  |  | $ | (1,356,413) |  |  | $ | (5,180,618) |  |  | $ | (11,009,161) |
Change in fair value of derivative instruments |  | $ | — |  |  | $ | — |  |  | $ | 2,263,212 |  |  | $ | 2,263,212 |
Total other income (expense), net |  | $ | (210,576) |  |  | $ | 106,587 |  |  | $ | (73,181) |  |  | $ | (177,170) |
Net loss |  | $ | (4,682,706) |  |  | $ | (1,249,826) |  |  | $ | (5,253,799) |  |  | $ | (11,186,331) |
Total Assets: |  | $ | 16,285,260 |  |  | $ | 7,903,902 |  |  | $ | 80,795,059 |  |  | $ | 104,984,221 |
Capital Expenditures |  | $ | 816,071 |  |  | $ | — |  |  | $ | — |  |  | $ | 816,071 |
Six-Months Ended June 30, 2022 |  | Renewable Energy |  | Mining |  | Strategic and Other Investments |  | Total
Revenue |  | $ | — |  |  | $ | 91,950 |  |  | $ | 15,600 |  |  | $ | 107,550 |
Depreciation and amortization |  | $ | 757,898 |  |  | $ | 185,303 |  |  | $ | 710,222 |  |  | $ | 1,653,423 |
Loss from operations |  | $ | (5,406,341) |  |  | $ | (551,978) |  |  | $ | (4,273,461) |  |  | $ | (10,231,780) |
Change in fair value of derivative instruments |  | $ | 595,000 |  |  | $ | — |  |  | $ | (5,720,000) |  |  | $ | (5,125,000) |
Impairment of intangible assets |  | $ | 338,034 |  |  | $ | — |  |  | $ | (676,068) |  |  | $ | (338,034) |
Impairment of investments and note receivable, net recovery |  | $ | (54,587) |  |  | $ | (2,455,333) |  |  | $ | (733,731) |  |  | $ | (3,243,651) |
Total other income (expense), net |  | $ | (1,061,025) |  |  | $ | (2,457,710) |  |  | $ | (6,887,105) |  |  | $ | (10,405,840) |
Net loss |  | $ | (6,467,316) |  |  | $ | (3,009,688) |  |  | $ | (11,160,616) |  |  | $ | (20,637,620) |
Total Assets: |  | $ | 42,026,333 |  |  | $ | 9,363,762 |  |  | $ | 66,435,968 |  |  | $ | 117,826,063 |
Capital Expenditures |  | $ | 587,002 |  |  | $ | — |  |  | $ | — |  |  | $ | 587,002 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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