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Oil and Gas Properties and Property, plant and equipment | 6 Months Ended
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Jun. 30, 2025
Oil and Gas Properties and Property, Plant and Equipment [Abstract] |
Oil and Gas Properties and Property, plant and equipment |
7. | Oil and Gas Properties and Property, plant and equipment
Oil and gas properties include the cost of properties, equipment and facilities for oil and natural-gas producing activities, excluding any asset retirement obligations. At June 30, 2025, the Company’s oil and gas properties, net consisted of the following:
|  | 2025 |
Oil and gas properties |  | $ | 3,806,824 |
Less: accumulated depreciation |  |  | (265,376 | )
|  | $ | 3,541,448 |
Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At June 30, 2025 and December 31, 2024, the Company’s property, plant and equipment, net consisted of the following:
|  | 2025 |  |  | 2024 |
Computer equipment and software |  | $ | 194,216 |  |  | $ | 100,370 |
Furniture and other equipment |  |  | 24,737 |  |  |  | 16,251 |
Models |  |  | 400 |  |  |  |  |
Leasehold improvements |  |  | 11,991 |  |  |  | 11,991 |
Equipment and machinery |  |  | 834,934 |  |  |  | 770,939 |
Automobiles |  |  | 362,122 |  |  |  | 4,638 |
Building |  |  | 4,437,663 |  |  |  | 3,447,763 |
Property, plant and equipment |  |  | 5,866,063 |  |  |  | 4,351,952 |
Less: accumulated depreciation |  |  | (1,651,760 | ) |  |  | (386,526 | )
|  | $ | 4,214,303 |  |  | $ | 3,965,426 |
Depreciation expense for the six months ended June 30, 2025 and 2024 amounted to $191,732 and $84,678, respectively. Depreciation expense for the three months ended June 30, 2025 and 2024 amounted to $398,843 and $84,678, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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