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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 3,551,429 $ 4,791,743
Accounts and other related party receivables 67,316 285,764
Other current assets 412,462 683,626
Total current assets 4,031,207 5,761,133
NON-CURRENT ASSETS    
Investment in unconsolidated entities 9,837,828 9,885,779
Option to purchase equity securities in related party 352,180 455,416
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 495,303 534,016
Other non-current assets 34,295 34,295
Total non-current assets 12,540,857 12,730,757
Total assets 16,572,064 18,491,890
CURRENT LIABILITIES    
Accounts payable 692,982 748,403
Accrued expenses 9,471,587 8,634,576
Loans payable, current portion 20,801,906 13,084,379
Total current liabilities 30,966,475 22,467,358
Loans payable 3,871,986 9,851,151
Debt derivative liabilities 3,604,000 3,052,000
Warrant liabilities 8,573,315 4,798,759
Litigation financing 59,470,022 56,950,377
Deferred contract liability 352,180 455,416
Total liabilities 106,837,978 97,575,061
Commitments and contingencies (Note 9)
STOCKHOLDERS' 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; 32,484,832 and 28,825,333 issued and outstanding 3,249 2,883
Additional paid-in capital 240,235,734 264,191,579
Accumulated deficit (293,045,416) (280,439,023)
Total stockholders' deficit before non-controlling interest (52,806,433) (16,244,561)
Non-controlling interest (37,459,481) (62,838,610)
Total stockholders' deficit (90,265,914) (79,083,171)
Total liabilities and stockholders' deficit $ 16,572,064 $ 18,491,890