XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Income Before Income Tax, Domestic and Foreign | Income (loss) before provision for income taxes consisted of the following:
|  | Years Ended December 31,
2024 |  | 2023
Domestic |  | $ | (8,732,939 | ) |  | $ | (742,017 | )
Foreign |  |  | (3,698,242 | ) |  |  | (4,418,544 | )
Total |  | $ | (12,431,181 | ) |  | $ | (5,160,561 | )
Schedule of Deferred Tax Assets and Liabilities | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company’s deferred tax assets as of the balance sheet dates were as follows:
|  | December 31, 2024 |  | December 31, 2023
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 13,005,867 |  |  | $ | 11,128,340 |
Property and equipment |  |  | 17,955,431 |  |  |  | 2,414,550 |
Asset retirement obligation |  |  | 704,613 |  |  |  | 664,855 |
Contingent consideration |  |  | 5,980,895 |  |  |  | 6,065,049 |
Business Combination transaction expenses |  |  | 1,753,919 |  |  |  | — |
Investment in partnership |  |  | 5,381,564 |  |  |  | — |
Total deferred tax assets |  | $ | 44,782,289 |  |  | $ | 20,272,794 |
Valuation allowance |  |  | (44,489,087 | ) |  |  | (20,272,794 | )
Net deferred tax asset |  | $ | 293,202 |  |  | $ | — |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 293,202 |  |  | $ | — |
Other |  |  | — |  |  |  | — |
Total deferred tax liabilities |  |  | 293,202 |  |  |  | — |
Net deferred tax assets (liabilities) |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration