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Inventories
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 8. Inventories

 

As of December 31, 2022, inventories consist of crude oil. The crude oil is related to our oil gathering facility in Delhi, Louisiana. As of December 31, 2022 an impairment loss of $192,000 related to the Fenix Iron was realized. As of December 31, 2021 inventories consist primarily of the Fenix Iron. The nano Fenix Iron are finished goods that have a 20-year shelf life and were acquired at cost for $192,000. Inventories are valued at the lower of cost or market (net realizable value).