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Investment In Unconsolidated Entities (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Investment in Unconsolidated Entities |
|  | September 30, 2024 |  |  | December 31, 2023 |
CIC Limited |  | $ | 4,890,949 |  |  | $ | 4,514,618 |
Ocean Minerals, LLC |  |  | 5,034,005 |  |  |  | 4,487,028 |
Chatham Rock Phosphate, Limited |  |  | — |  |  |  | — |
Neptune Minerals, Inc. |  |  | — |  |  |  | — |
Investment in unconsolidated entities |  | $ | 9,924,954 |  |  | $ | 9,001,646 |
Schedule of Initial Closing Consideration | The Company determined that the initial Closing Consideration is as follows:
Cash consideration |  |  |  | $ | 1,000,000 |
Fair value of Odyssey Retriever, Inc. |  |  |  |  | 3,280,261 |
Fair value of the Second Closing |  |  |  |  | 676,921 |
Fair value of the Third Closing |  |  |  |  | 769,875 |
Fair value of the Equity Exchange Agreement |  |  |  |  | 4,516,007 |
Transaction costs |  |  |  |  | 49,988 |
Initial closing consideration |  |  |  | $ | 10,293,052 |
Schedule Of Financial Information | The following tables provide summarized financial information for OML, its equity method accounted investee, not adjusted for the percentage ownership of the Company, compiled from its financial statements, reported on a one-quarter lag.
|  | June 30, 2024 |
|  | Three Months Ended |  |  | Six Months Ended |
Revenue |  | $ | 2,089,827 |  |  | $ | 4,179,655 |
General expenses |  |  | (1,036,754 | ) |  |  | (2,073,508 | )
Payroll expenses |  |  | (609,812 | ) |  |  | (1,219,624 | )
Net Loss |  | $ | (461,542 | ) |  | $ | (923,085 | )
|  | As of |
|  | June 30, 2024 |
Total Assets |  | $ | 39,400,310 |
Total Liabilities |  | $ | 12,427,228 |

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