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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 4,791,743 $ 4,021,720
Accounts and other related party receivables 285,764 110,320
Other current assets 683,626 743,439
Total current assets 5,761,133 4,875,479
NON-CURRENT ASSETS    
Investment in unconsolidated entities 9,885,779 9,001,646
Option to purchase equity securities in related party 455,416 6,373,402
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 534,016 524,656
Right of use - operating leases 0 121,568
Other non-current assets 34,295 34,295
Total non-current assets 12,730,757 17,876,818
Total assets 18,491,890 22,752,297
CURRENT LIABILITIES    
Accounts payable 748,403 345,378
Accrued expenses 8,634,576 8,493,358
Operating lease liability, current portion 0 129,140
Forward contract liability 0 1,446,796
Put option liability 0 5,637,162
Loans payable, current portion 13,084,379 15,413,894
Total current liabilities 22,467,358 31,465,728
LONG-TERM LIABILITIES    
Loans payable 9,851,151 7,903,074
Debt derivative liability 3,052,000 0
Warrant liabilities 4,798,759 15,792,385
Litigation financing and other 56,950,377 52,817,938
Deferred contract liability 455,416 679,706
Total long-term liabilities 75,107,703 77,193,103
Total liabilities 97,575,061 108,658,831
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY/(DEFICIT)    
Preferred stock - $0.0001 par value; 24,984,166 shares authorized; none issued and outstanding 0 0
Common stock - $.0001 par value; 75,000,000 shares authorized; 28,825,333 and20,420,896 issued and outstanding 2,883 2,042
Additional paid-in capital 264,191,579 263,616,186
Accumulated deficit (280,439,023) (296,096,957)
Total stockholders' deficit before non-controlling interest (16,244,561) (32,478,729)
Non-controlling interest (62,838,610) (53,427,805)
Total stockholders' deficit (79,083,171) (85,906,534)
Total liabilities and stockholders' deficit $ 18,491,890 $ 22,752,297