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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,241,811 $ 79,845
Accounts and other receivable 97,293
Prepaid expenses 271,839
Total current assets 7,610,943 79,845
Property and equipment:    
Oil and natural gas properties, successful efforts method of accounting ($28,595,051 excluded from amortization at September 30, 2023) 28,595,051
Cryptocurrency mining equipment 4,293,422
Less: Accumulated depreciation, depletion and amortization (558,319)
Total property and equipment, net 32,330,154  
Deposits on mining equipment 150,000
Deferred transaction costs 1,760,665
Total assets 40,091,097 1,840,510
Current liabilities:    
Accounts payable and accrued expenses 6,708,498 2,219,946
Accrued interest and expenses – related parties 30,000 2,084
Secured convertible debenture (related party) 2,431,500
Secured convertible debenture 2,431,500
Total current liabilities 11,601,498 2,222,030
Long-term liabilities:    
Warrant liabilities 50,738,180
Total long-term liabilities 50,738,180
Total liabilities 62,339,678 2,222,030
Commitments and contingencies (Note 9)
Mezzanine equity    
Members’ deficit (381,520)
Stockholders’ equity:    
Common stock; $0.01 par value; 500,000,000 shares authorized and 7,074,668 shares issued and outstanding at September 30, 2023; zero shares authorized, issued and outstanding at December 31, 2022 70,747
Additional paid-in capital (8,716,827)
Accumulated deficit (55,401,751)
Total stockholders’ equity (64,047,831)
Total liabilities, mezzanine equity and members’/stockholders’ equity 40,091,097 1,840,510
Series D Preferred Stock [Member]    
Mezzanine equity    
Series E convertible preferred stock; $0.01 par value; 50,000 shares authorized and 20,000 shares issued and outstanding at September 30, 2023; zero shares authorized, issued and outstanding at December 31, 2022 21,799,250
Series E Preferred Stock [Member]    
Mezzanine equity    
Series E convertible preferred stock; $0.01 par value; 50,000 shares authorized and 20,000 shares issued and outstanding at September 30, 2023; zero shares authorized, issued and outstanding at December 31, 2022 $ 20,000,000