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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting Information [Line Items] |
Schedule of Corporate Assets Not Allocated to Segments | Schedule of Reportable Segments
|  | E&P |  |  | Cryptocurrency Mining |  |  | Total |
Three months ended September 30, 2023 |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 457,951 |  |  | $ | 457,951 |
Depreciation, depletion and amortization expense |  |  | — |  |  |  | 425,468 |  |  |  | 425,468 |
Impairment of cryptocurrency mining equipment |  |  | — |  |  |  | — |  |  |  | — |
Loss from operations |  |  | (5.542.986 | ) |  |  | (949,411 | ) |  |  | (6,492,397 | )
Interest expense (1) |  |  | (6,797 | ) |  |  | (60,947 | ) |  |  | (67,744 | )
Interest income (1) |  |  | 74,755 |  |  |  | 10,411 |  |  |  | 85,166 |
Liquidated damages (1) |  |  | (152,521 | ) |  |  | (21,242 | ) |  |  | (173,763 | )
Loss on adjustment to fair value – warrant liabilities (1) |  |  | (22,176,617 | ) |  |  | (2,678,468 | ) |  |  | (24,855,085 | )
Loss on adjustment to fair value - AR Debentures |  |  | — |  |  |  | (2,141,000 | ) |  |  | (2,141,000 | )
Loss on adjustment to fair value – Obligation Shares (1) |  |  | (676,678 | ) |  |  | (94,240 | ) |  |  | (770,918 | )
Loss on adjustment to fair value – Obligation Shares (1) |  |  | (676,678 | ) |  |  | (94,240 | ) |  |  | (770,918 | )
Loss on adjustment to fair value – Obligation Shares (1) |  |  | (676,678 | ) |  |  | (94,240 | ) |  |  | (770,918 | )
Other expense |  |  | - |  |  |  | - |  |  |  | - |
Other income |  |  | - |  |  |  | - |  |  |  | - |
Assets |  | $ | 28,595,051 |  |  | $ | 3,982,396 |  |  | $ | 32,577,447 |
Three months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Revenues- |  | $ | — |  |  | $ | — |  |  | $ | — |
Depreciation, depletion and amortization expense- |  |  | — |  |  |  | — |  |  |  | — |
Loss from operations- |  |  | (276,789 | ) |  |  | — |  |  |  | (276,789 | )
Interest expense- |  |  | — |  |  |  | — |  |  |  | — |
Interest income- |  |  | — |  |  |  | — |  |  |  | — |
Other expense- |  |  | — |  |  |  | — |  |  |  | — |
Other income- |  |  | — |  |  |  | — |  |  |  | — |
Assets- |  | $ | 1,197,243 |  |  | $ | — |  |  | $ | 1,197,243 |
(1) | Amounts are allocated to each segment as they are incurred at the corporate level.
|  | E&P |  |  | Cryptocurrency Mining |  |  | Total |
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 637,269 |  |  | $ | 637,269 |
Depreciation, depletion and amortization expense |  |  | — |  |  |  | 558,319 |  |  |  | 558,319 |
Impairment of cryptocurrency mining equipment |  |  | — |  |  |  | 16,794,688 |  |  |  | 16,794,688 |
Loss from operations |  |  | (6,769,956 | ) |  |  | (19,485,769 | ) |  |  | (26,255,725 | )
Interest expense (1) |  |  | (8,849 | ) |  |  | (102,614 | ) |  |  | (111,463 | )
Interest income (1) |  |  | 92,827 |  |  |  | 35,375 |  |  |  | 128,202 |
Liquidated damages (1) |  |  | (152,521 | ) |  |  | (21,242 | ) |  |  | (173,763 | )
Loss on adjustment to fair value – warrant liabilities (1) |  |  | (22,176,617 | ) |  |  | (2,678,468 | ) |  |  | (24,855,085 | )
Loss on adjustment to fair value – AR Debentures |  |  | — |  |  |  | (2,882,000 | ) |  |  | (2,882,000 | )
Loss on adjustment to fair value – Obligation Shares (1) |  |  | (973,224 | ) |  |  | (503,879 | ) |  |  | (1,477,103 | )
Assets |  | $ | 28,595,051 |  |  | $ | 3,982,396 |  |  | $ | 32,577,447 |
June 7, 2022 (date of inception) through September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Revenues- |  | $ | — |  |  | $ | — |  |  | $ | — |
Depreciation, depletion and amortization expense- |  |  | — |  |  |  | — |  |  |  | — |
Operating income- |  |  | (309,511 | ) |  |  | — |  |  |  | (309,511 | )
Interest expense- |  |  | — |  |  |  | — |  |  |  | — |
Interest income- |  |  | — |  |  |  | — |  |  |  | — |
Other expense- |  |  | — |  |  |  | — |  |  |  | — |
Other income- |  |  | — |  |  |  | — |  |  |  | — |
Assets- |  | $ | 1,197,243 |  |  | $ | — |  |  | $ | 1,197,243 |
(1) | Amounts are allocated to each segment as they are incurred at the corporate level.
Corporate and Other [Member] |
Segment Reporting Information [Line Items] |
Schedule of Corporate Assets Not Allocated to Segments | The following table presents the breakout of other assets, which represent corporate assets not allocated to segments at September 30, 2023 and 2022: Schedule of Corporate Assets Not Allocated to Segments
|  | 2023 |  |  | 2022 |
|  | As of September 30, |
|  | 2023 |  |  | 2022 |
Cash and cash equivalents |  | $ | 7,241,811 |  |  | $ | — |
Prepaid expenses |  |  | 271,839 |  |  |  | — |

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