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Acquisition | 9 Months Ended
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Sep. 30, 2025
Asset Acquisition [Abstract] |
Acquisition | Acquisition Fermata Acquisition On April 25, 2025, the Company entered into an Asset Purchase Agreement (the “Agreement”) with Fermata Energy LLC, a Delaware limited liability company (“Seller”) and Fermata Energy II, LLC, a Delaware limited liability company and newly formed subsidiary of the Company (“Fermata"), pursuant to which the Company agreed to acquire, through Fermata, substantially all of the assets and certain specified liabilities of the Seller in exchange for a total purchase price of approximately $506,898, consisting of approximately $340,200 in cash, and the fair value of the preferred units issued to the former debt holders of the Seller. The former debt holders of the Seller were issued 4,900,000 of preferred units in connection with the acquisition. The Fermata acquisition closed on April 25, 2025. The Agreement contains customary representations and warranties and agreements by the Company and customary indemnification obligations of the Company. The following table summarizes the final fair value of the assets acquired and liabilities assumed at the acquisition date reflecting all measurement period adjustments:
Consideration transferred: |  |
Cash |  | $ | 340,200 |
Fair value of Class A Preferred units issued |  | $ | 166,698 |
Total |  | $ | 506,898 |
Recognized amounts of identifiable assets acquired: |  |
Inventory |  | $ | 423,138 |
Furniture Fixtures and Equipment |  | 79,000 |
Other Assets |  | 10,081 |
Intangible Property |  | 149,000 |
Accounts payable |  | (250,321) |
Total identifiable net assets |  | 410,898 |
Goodwill |  | 96,000 |
Total |  | $ | 506,898 |
The financial effect of the acquisition was not material to the Company’s condensed consolidated financial statements. The Company has not presented pro forma results of operations for the acquisition because it is not significant to the Company's condensed consolidated results of operations. As a result of the final fair value of the acquisition and purchase price allocation, the Class A Preferred value amount decreased by $608,278 to $166,698, and the Goodwill amount decreased by $607,957 to $96,000, from the preliminary purchase price allocations.

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805-50/tableOfContent + Details
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