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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 2,459,540 $ 4,791,743
Accounts and other related party receivables 67,306 285,764
Other current assets 573,729 683,626
Total current assets 3,100,575 5,761,133
NON-CURRENT ASSETS    
Investment in unconsolidated entities 9,951,915 9,885,779
Option to purchase equity securities in related party 403,798 455,416
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 513,486 534,016
Other non-current assets 34,295 34,295
Total non-current assets 12,724,745 12,730,757
Total assets 15,825,320 18,491,890
CURRENT LIABILITIES    
Accounts payable 778,652 748,403
Accrued expenses 8,745,027 8,634,576
Loans payable, current portion 13,625,993 13,084,379
Total current liabilities 23,149,672 22,467,358
LONG-TERM LIABILITIES    
Loans payable 10,137,209 9,851,151
Debt derivative liability 594,000 3,052,000
Warrant liabilities 2,320,382 4,798,759
Litigation financing 58,663,816 56,950,377
Deferred contract liability 403,798 455,416
Total long-term liabilities 72,119,205 75,107,703
Total liabilities 95,268,877 97,575,061
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 - $0.0001 par value; 75,000,000 shares authorized; 29,161,833 and 28,825,333 issued and outstanding 2,917 2,883
Additional paid-in capital 264,246,813 264,191,579
Accumulated deficit (278,197,453) (280,439,023)
Total stockholders' deficit before non-controlling interest (13,947,723) (16,244,561)
Non-controlling interest (65,495,834) (62,838,610)
Total stockholders' deficit (79,443,557) (79,083,171)
Total liabilities and stockholders' deficit $ 15,825,320 $ 18,491,890