2023 Q4 Form 10-Q Financial Statement

#000107997323001630 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $13.90K $58.07K
YoY Change -76.07%
Cost Of Revenue $3.709K $14.81K
YoY Change -74.96%
Gross Profit $10.19K $43.25K
YoY Change -76.45%
Gross Profit Margin 73.31% 74.49%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.65K $12.67K
YoY Change -0.21%
% of Gross Profit 124.13% 29.3%
Operating Expenses $748.0K $117.4K
YoY Change 537.11%
Operating Profit -$737.9K -$73.89K
YoY Change 898.61%
Interest Expense $146.9K $162.3K
YoY Change -9.5%
% of Operating Profit
Other Income/Expense, Net -$108.2K -$162.3K
YoY Change -33.35%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$846.0K -$236.2K
YoY Change 258.22%
Net Earnings / Revenue -6087.85% -406.73%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 118.2M shares 118.2M shares 108.7M shares
Diluted Shares Outstanding 120.5M shares 108.7M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $239.4K $539.2K $97.74K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables
Total Short-Term Assets $534.9K $765.9K
YoY Change 36.18%
LONG-TERM ASSETS
Property, Plant & Equipment $3.707M $3.331M
YoY Change 52.61%
Goodwill
YoY Change
Intangibles $1.070M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.840M $4.120M
YoY Change 95.23%
TOTAL ASSETS
Total Short-Term Assets $534.9K $765.9K
Total Long-Term Assets $4.840M $4.120M
Total Assets $5.375M $4.886M
YoY Change 87.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.2K $122.2K
YoY Change 46.97%
Accrued Expenses $96.62K $47.11K
YoY Change 1190.2%
Deferred Revenue
YoY Change
Short-Term Debt $3.269M $2.500M
YoY Change 285.48%
Long-Term Debt Due $497.7K $366.0K
YoY Change 79.26%
Total Short-Term Liabilities $814.5K $617.3K
YoY Change 84.84%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $814.5K $617.3K
Total Long-Term Liabilities
Total Liabilities $3.900M $2.786M
YoY Change 285.78%
SHAREHOLDERS EQUITY
Retained Earnings -$6.776M -$4.731M
YoY Change 178.52%
Common Stock $77.47K $121.3K
YoY Change -33.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $66.40K $66.40K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $1.474M $2.100M $1.969M
YoY Change
Total Liabilities & Shareholders Equity $5.375M $4.886M
YoY Change 87.15%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$846.0K -$236.2K
YoY Change 258.22%
Depreciation, Depletion And Amortization $12.65K $12.67K
YoY Change -0.21%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q2 CETI Shares Issued In Connection With Convertible Notes Payable
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 CETI Book Adjustments Rounding And Fractional Shares
BookAdjustmentsRoundingAndFractionalShares
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CY2022Q3 CETI Options Granted For Services
OptionsGrantedForServices
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CY2022Q3 CETI Shares Issued In Connection With Convertible Notes Payable
SharesIssuedInConnectionWithConvertibleNotesPayable
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CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 CETI Common Stock Issued From Prior Periods
CommonStockIssuedFromPriorPeriods
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CY2023Q1 CETI Options Granted For Services
OptionsGrantedForServices
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CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 CETI Options Granted For Services
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CY2023Q2 CETI Shares Issued In Connection With Convertible Notes Payable
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 CETI Options Granted For Service
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CY2023Q3 CETI Warrants Granted For Services
WarrantsGrantedForServices
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CY2023Q3 CETI Conversion Of Contingent Liability
ConversionOfContingentLiability
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CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CETI Changes In Fair Value Of Derivatives
ChangesInFairValueOfDerivatives
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CETI Changes In Fair Value Of Derivatives
ChangesInFairValueOfDerivatives
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
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us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
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CETI Options Issued For Services
OptionsIssuedForServices
6725 usd
CETI Warrants Issued For Services
WarrantsIssuedForServices
671805 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CETI Changes In Fair Value Of Contingent Liability
ChangesInFairValueOfContingentLiability
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CETI Changes In Fair Value Of Contingent Liability
ChangesInFairValueOfContingentLiability
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
32158 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
105749 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1352759 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
30901 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
143742 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50677 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-27621 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
221338 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13600 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
957400 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1210148 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-943800 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
337876 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
31500 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3232500 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1075000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
153989 usd
CETI Repayment Of Notes Payable
RepaymentOfNotesPayable
830891 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2217722 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1143500 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
231839 usd
CY2022Q4 us-gaap Cash
Cash
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1305413 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5636 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31862 usd
CY2023Q3 CETI Unearned Stocks Compensation
UnearnedStocksCompensation
384891 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-221036 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297349 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
318779 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
539188 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97743 usd
CETI Stock Issued For Conversion Of Advance On Joint Venture
StockIssuedForConversionOfAdvanceOnJointVenture
233983 usd
CETI Stock Issued For Conversion Of Convertible Notes Payable And Accrued Interest
StockIssuedForConversionOfConvertibleNotesPayableAndAccruedInterest
1166939 usd
CETI Stock Issued For Conversion Of Convertible Notes Payable And Accrued Interest
StockIssuedForConversionOfConvertibleNotesPayableAndAccruedInterest
2772702 usd
CY2022Q4 CETI Contingent Liabilities
ContingentLiabilities
5700 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zpcm8vrcjgDj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_868_zEAO5dszYz1e">Use of estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 9.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"> </p>
CY2023Q3 us-gaap Cash
Cash
0 usd
CETI Impairment Proved Properties
ImpairmentProvedProperties
0 usd
CETI Impairment Proved Properties
ImpairmentProvedProperties
0 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
418261 usd
CY2023Q3 CETI Railroad Commission Bond Of Texas
RailroadCommissionBondOfTexas
50000 usd
CY2023Q2 CETI Acquired Finite Lived Intangible Assets Residual Value
AcquiredFiniteLivedIntangibleAssetsResidualValue
31604 usd
CY2023Q3 CETI Acquired Finite Lived Intangible Assets Residual Value
AcquiredFiniteLivedIntangibleAssetsResidualValue
726896 usd
CY2023Q3 us-gaap Production Costs Cumulative
ProductionCostsCumulative
2332030 usd
CY2022Q4 us-gaap Production Costs Cumulative
ProductionCostsCumulative
1604983 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Gain Loss On Sale Of Unproved Property
GainLossOnSaleOfUnprovedProperty
0 usd
us-gaap Gain Loss On Sale Of Unproved Property
GainLossOnSaleOfUnprovedProperty
0 usd
CY2023Q3 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 usd
CY2022Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
0 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
0 usd
CY2022Q4 CETI Unearned Stocks Compensation
UnearnedStocksCompensation
124274 usd
CY2023Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
116559 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
116559 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zwDiEPsV2SIl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86C_z8Mi5xZRgvK3">Concentration of credit risks</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains accounts with financial institutions. All cash in checking accounts is non-interest bearing and is fully secured by the Federal Deposit Insurance Corporation (FDIC). At times, cash balances may exceed the maximum coverage provided by the FDIC on insured depositor accounts. The Company believes it mitigates its risk by depositing its cash and cash equivalents with major financial institutions.</p> <p style="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"> </p>
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
365955 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
277613 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2134489 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
517859 usd
CY2022 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P1Y
us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P0Y11M23D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.4396 pure
CY2021Q1 CETI Working Interest
WorkingInterest
0.1875 pure
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
86947 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58224 usd
CY2023Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3330837 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2429035 usd
CY2023Q3 us-gaap Depreciation
Depreciation
12646 usd
CY2022Q3 us-gaap Depreciation
Depreciation
12673 usd
us-gaap Depreciation
Depreciation
38398 usd
us-gaap Depreciation
Depreciation
30901 usd
CY2023Q3 us-gaap Debt Current
DebtCurrent
2607124 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
869500 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
106680 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
74028 usd
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
2500444 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
795472 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
179500 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
276000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2151624 usd
CY2023Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
2607124 usd
CY2023Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1163938 usd
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
10654425 shares
CY2022Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
2070500 usd
CY2023Q3 CETI Embedded Derivative Gain On Embedded Derivatives
EmbeddedDerivativeGainOnEmbeddedDerivatives
-18046 usd
CY2023Q3 us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
13513 usd
CY2023Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-31559 usd
CETI Embedded Derivative Gain On Embedded Derivatives
EmbeddedDerivativeGainOnEmbeddedDerivatives
84564 usd
us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
100371 usd
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-15807 usd
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.3338
CY2023Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.3338
CY2022 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.1690
us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.1680
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
7.3038 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.2327 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
7.3378 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0848 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0844 pure
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3116734 usd
CETI Issuance Of Embedded Derivatives
IssuanceOfEmbeddedDerivatives
250371 usd
CY2022 CETI Issuance Of Embedded Derivatives
IssuanceOfEmbeddedDerivatives
396013 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
49248 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
3512747 usd
CETI Changes In Fair Value Inputs And Assumptions Reflected In Income
ChangesInFairValueInputsAndAssumptionsReflectedInIncome
-84564 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
116559 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 CETI Consulting Service
ConsultingService
113725 usd
CY2022Q3 CETI Consulting Service
ConsultingService
346325 usd
CETI Consulting Service
ConsultingService
62750 usd
CETI Consulting Service
ConsultingService
265750 usd
CY2022 CETI Consulting Service
ConsultingService
431399 usd
CETI Consulting Fees
ConsultingFees
90608 usd
CY2022 CETI Consulting Fees
ConsultingFees
194712 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
153989 usd
us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.125 pure
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 CETI Quoted Market Price
QuotedMarketPrice
0.782
CY2023Q3 us-gaap Share Price
SharePrice
0.5765
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0155 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0168 pure
CY2023Q1 CETI Shares Paid
SharesPaid
2000000 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.42
CY2023Q3 CETI Warrants Received
WarrantsReceived
3250000 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.001
CETI Loss On Modification Of Consulting Agreement
LossOnModificationOfConsultingAgreement
447222 usd
CY2023Q3 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
111805 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
613151 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
343101 usd
CETI Less Valuation Allowance
LessValuationAllowance
613151 usd
CETI Less Valuation Allowance
LessValuationAllowance
343301 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1420862 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
510433 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1420862 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
510433 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1420862 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CETI Average Sales Price
AverageSalesPrice
70.64
CY2022 CETI Average Sales Price
AverageSalesPrice
94.13
CETI Average Price Of West Texas Intermediate Oil
AveragePriceOfWestTexasIntermediateOil
90.79
CETI Recoverable Oil Price
RecoverableOilPrice
4000000000.0 usd
us-gaap Production Costs
ProductionCosts
1000000000.0 usd
CETI Recoverable Oil Price Net
RecoverableOilPriceNet
3000000000.0 usd

Files In Submission

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ceti-20230930_cal.xml Edgar Link unprocessable
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0001079973-23-001630-index.html Edgar Link pending
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0001079973-23-001630-xbrl.zip Edgar Link pending
ceti-20230930.xsd Edgar Link pending
ceti_10q-093023.htm Edgar Link pending
ceti-20230930_def.xml Edgar Link unprocessable
ceti-20230930_lab.xml Edgar Link unprocessable
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ceti_10q-093023_htm.xml Edgar Link completed
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