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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 2,859,267 $ 4,021,720
Accounts and other related party receivables 84,123 110,320
Other current assets 278,736 743,439
Total current assets 3,222,126 4,875,479
NON-CURRENT ASSETS    
Investment in unconsolidated entities 9,924,954 9,001,646
Option to purchase equity securities in related party 6,200,730 6,373,402
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 554,872 524,656
Right of use - operating leases 0 121,568
Other non-current assets 34,295 34,295
Total non-current assets 18,536,102 17,876,818
Total assets 21,758,228 22,752,297
CURRENT LIABILITIES    
Accounts payable 406,515 345,378
Accrued expenses 9,605,818 8,493,358
Operating lease liability, current portion 0 129,140
Forward contract liability 1,446,796 1,446,796
Put option liability 108,437 5,637,162
Loans payable, current portion 19,383,847 15,413,894
Total current liabilities 30,951,413 31,465,728
LONG-TERM LIABILITIES    
Loans payable 3,793,728 7,903,074
Warrant liabilities 4,411,645 15,792,385
Litigation financing and other 58,816,331 52,817,938
Deferred contract liability 507,034 679,706
Total long-term liabilities 67,528,738 77,193,103
Total liabilities 98,480,151 108,658,831
Commitments and contingencies (Note 8)
STOCKHOLDERS' DEFICIT    
Preferred stock – $.0001 par value; 24,984,166 shares authorized; none outstanding 0 0
Common stock - $.0001 par value; 75,000,000 shares authorized; 20,863,100 and 20,420,896 issued and outstanding 2,086 2,042
Additional paid-in capital 259,373,077 263,616,186
Accumulated deficit (275,437,800) (296,096,957)
Total stockholders' deficit before non-controlling interest (16,062,637) (32,478,729)
Non-controlling interest (60,659,286) (53,427,805)
Total stockholders' deficit (76,721,923) (85,906,534)
Total liabilities and stockholders' deficit $ 21,758,228 $ 22,752,297