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Accounts Payable and Accrued Expenses | 3 Months Ended
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Mar. 31, 2023
Payables and Accruals [Abstract] |
Accounts Payable and Accrued Expenses | Note 9. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following:
Schedule of accounts payable and accrued expenses |  |  |  |  |  |  |  |
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Accounts payable |  | $ | 2,972,461 |  |  | $ | 910,002 |
Office access deposits |  |  | 235 |  |  |  | 235 |
Unearned revenue |  |  | - |  |  |  | 20,936 |
Accrued interest (various notes and loans payable |  |  | 99,587 |  |  |  | 349,497 |
Accrued interest (working interest royalty programs) |  |  | 959,766 |  |  |  | 1,437,711 |
Accrued tax penalties and interest |  |  | 525,086 |  |  |  | 524,286 |
Accounts payable and accrued expenses |  | $ | 4,557,135 |  |  | $ | 3,242,667 |
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Accounts payable- related parties |  | $ | 1,039,829 |  |  | $ | 4,112,300 |
Accrued interest (notes payable)- related parties |  |  | 239,153 |  |  |  | 30,678 |
Accounts payable and accrued expenses- related parties |  | $ | 1,278,982 |  |  | $ | 4,142,978 |
Accrued compensation |  | $ | 1,846,072 |  |  | $ | 1,302,890 |
As of March 31, 2023 and December 31, 2022, our accounts payable are primarily made up of trade payables for the purchase of for crude oil. Trade accounts payables in the amount of $923,028 and $4,000,681 is with a vendor who our CEO is a beneficiary of. As of March 31, 2023 and December 31, 2022, $96,388 and $37,685 of accounts payable related to services rendered, which are not trade payables, with a vendor of which our CEO is a beneficiary. $20,413 of accounts payable related to services rendered, which are not trade payables, are with a vendor where our Chief Financial Officer sits on the board of the directors and is an officer. In March 2023, the Compensation Committee reviewed the Company’s 2022 results, including, but not limited to, the progress of the Company’s historic business and certain acquisitions completed by the Company during 2022, and approved discretionary bonuses, which have been accrued as of December 31, 2022, for the Chief Financial Officer, and an acquisition consultant, in the amounts of $505,467 (included in accrued compensation) and $421,222 (included in accounts payable), respectively.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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