XML 64 R45.htm IDEA: XBRL DOCUMENT v3.24.1
Debt and Note Payable - Related Party (Details Narrative) - USD ($)
12 Months Ended
Dec. 29, 2023
Sep. 19, 2023
Jul. 07, 2021
Dec. 30, 2023
Dec. 31, 2023
Aug. 01, 2023
Short-Term Debt [Line Items]            
Debt description entered into a Revolver Loan Agreement with Equity Bank (the "Credit Facility”). Pursuant to the Credit Facility (a) the initial revolver commitment amount is $10,000,000; (b) the maximum revolver commitment amount is $15,000,000; (c) commencing on January 31, 2024, and occurring on the last day of each calendar month thereafter, the revolver commitment amount is reduced by $150,000; (d) commencing on March 31, 2024, there are scheduled semiannual collateral borrowing base redeterminations each year on March 31 and September 30; (e) the final maturity date is December 29, 2026; (f) outstanding borrowings bear interest at a rate equal to the prime rate of interest plus 1.50%, and in no event lower than 8.50%; (g) a quarterly commitment fee is based on the unused portion of the commitments; and (h) Borrowers have the right to prepay loans under the Credit Facility at any time without a prepayment penalty.          
Loan from related party         $ 2,000,000  
Bridge Loan [Member] | Energy Evolution Maste Fund [Member]            
Short-Term Debt [Line Items]            
Loan amount   $ 5,000,000.0        
Revolver Loan Agreement [Member] | Cross First Bank Loan [Member]            
Short-Term Debt [Line Items]            
Maximum agreement amount     $ 20,000,000      
maturity date     Aug. 09, 2023      
Revolver commitment amount     $ 5,180,000      
Joint Development Agreement [Member] | Petroleum and Independent Exploration L L C [Member] | August Six Two Thousand Twenty [Member]            
Short-Term Debt [Line Items]            
Loan from related party           $ 2,000,000
Interest rate           6.00%
Description of working and revenue interest       In addition, the Company assigned 85% working and revenue interest to PIE in the designated wells which will be applied to repayment of the loan. As of December 31, 2023, $1,060,004 has been advanced from the PIE loan.