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Asset Retirement Obligations (“ARO”) (Tables)

3 Months Ended

Mar. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations Value Assumptions

Schedule of Asset Retirement Obligations Value Assumptions

		March 31, 2024				December 31, 2023				November 30, 2023
Undiscounted amount of estimated cash flows		$	385,600			$	385,600			$	385,600
Life expectancy (years)			10				10				10
Inflation rate			2.00	%			2.00	%			2.00	%
Discount rate			9.32% to 11.40	%			9.32% to 11.40	%			9.32% to 11.40	%

Schedule of Asset Retirement Obligations

The following table summarizes the movements of the Company’s ARO:

Schedule of Asset Retirement Obligations

		March 31, 2024				December 31, 2023				November 30, 2023
Balance, beginning of period		$	181,320			$	179,880			$	225,871
Balance		$	181,320			$	179,880			$	225,871
Accretion			4,388				1,440				21,051
Change in estimate			-				-				(67,042	)
Balance, end of period		$	185,708			$	181,320			$	179,880
Balance		$	185,708			$	181,320			$	179,880

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- References

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481850/410-20-50-1

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- Definition

Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481850/410-20-50-1

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