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Intangible Assets, Net and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of intellectual property
                                               
    September 30, 2024     December 31, 2023  
   

Gross

Carrying
Amount

     Accumulated
Amortization		     Net Book
Value		    

Gross
Carrying

Amount

     Accumulated
Amortization		     Net Book
Value		  
Extraction Technology patents   $ 113,430     $ 23,909     $ 89,521     $ 113,430     $ 18,905     $ 94,525  
Extraction Technology     16,385,157       7,919,493       8,465,664       16,385,157       7,305,049       9,080,108  
Acquired crude oil contracts     16,788,760       3,862,896       12,925,864       16,788,760       2,525,739       14,263,021  
Total intangible assets   $ 33,287,347     $ 11,806,298     $ 21,481,049     $ 33,287,347     $ 9,849,693     $ 23,437,654  
Schedule of goodwill
       
    Goodwill  
January 1, 2023   $ 12,678,108  
Business combination acquisition(1)     2,306,660  
December 31, 2023   $ 14,984,768  
September 30, 2024   $ 14,984,768  

 

 
(1) The measurement of assets acquired and liabilities assumed in the business combination is based on preliminary estimates made by management and subject to adjustment within twelve months. Management hired a valuation expert who performed a valuation study to calculate the fair value of the acquired assets, assumed liabilities and goodwill within twelve months. Based on the valuation study, we increased the fair value of goodwill and decreased the value of the acquired contracts by $2.3 million in 2023.