2024 Q1 Form 10-K Financial Statement

#000107997324000443 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $23.65K
YoY Change -72.29%
Cost Of Revenue $23.65K
YoY Change -72.29%
Gross Profit $17.49K
YoY Change -72.44%
Gross Profit Margin 73.96%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.29K $54.71K
YoY Change 39.6% 24.53%
% of Gross Profit 312.78%
Operating Expenses $1.024M $3.956M
YoY Change -325.3% 625.71%
Operating Profit -$1.024M -$3.939M
YoY Change 125.3% 717.67%
Interest Expense $161.2K $331.6K
YoY Change 417.41% -71.24%
% of Operating Profit
Other Income/Expense, Net -$84.36K -$404.3K
YoY Change 70.31% -120.62%
Pretax Income
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.120M -$4.343M
YoY Change 122.24% -393.58%
Net Earnings / Revenue -18364.85%
Basic Earnings Per Share -$0.01 -$0.04
Diluted Earnings Per Share -$0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 81.86M shares 118.2M shares 110.5M shares
Diluted Shares Outstanding 78.16M shares 110.5M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $208.5K $239.4K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables
Total Short-Term Assets $749.6K $534.9K
YoY Change 62.89% 36.18%
LONG-TERM ASSETS
Property, Plant & Equipment $504.9K $3.707M
YoY Change -81.92% 52.61%
Goodwill
YoY Change
Intangibles $1.070M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.952M $4.840M
YoY Change 74.24% 95.23%
TOTAL ASSETS
Total Short-Term Assets $749.6K $534.9K
Total Long-Term Assets $4.952M $4.840M
Total Assets $5.702M $5.375M
YoY Change 72.66% 87.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.5K $220.2K
YoY Change 61.01% 46.97%
Accrued Expenses $134.9K $96.62K
YoY Change 1029.99% 1190.2%
Deferred Revenue
YoY Change
Short-Term Debt $2.870M $3.269M
YoY Change 102.81% 285.48%
Long-Term Debt Due $221.4K $497.7K
YoY Change -39.88% 79.26%
Total Short-Term Liabilities $936.0K $814.5K
YoY Change 88.29% 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 $936.0K $814.5K
Total Long-Term Liabilities
Total Liabilities $3.795M $3.900M
YoY Change 133.77% 285.78%
SHAREHOLDERS EQUITY
Retained Earnings -$7.896M -$6.776M
YoY Change 168.86% 178.52%
Common Stock $81.86K $77.47K
YoY Change -29.61% -33.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $66.40K $66.40K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.906M $1.474M
YoY Change
Total Liabilities & Shareholders Equity $5.702M $5.375M
YoY Change 72.66% 87.15%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.120M -$4.343M
YoY Change 122.24% -393.58%
Depreciation, Depletion And Amortization $18.29K $54.71K
YoY Change 39.6% 24.53%
Cash From Operating Activities -$555.0K -$1.599M
YoY Change 83.24% 489.41%
INVESTING ACTIVITIES
Capital Expenditures $66.34K $1.370M
YoY Change -83.14% -1.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$156.3K -$1.456M
YoY Change -58.83% 4.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $897.0K $2.998M
YoY Change 45.79% 82.29%
NET CHANGE
Cash From Operating Activities -$555.0K -$1.599M
Cash From Investing Activities -$156.3K -$1.456M
Cash From Financing Activities $897.0K $2.998M
Net Change In Cash $185.7K -$57.93K
YoY Change -375.54% 170.33%
FREE CASH FLOW
Cash From Operating Activities -$555.0K -$1.599M
Capital Expenditures $66.34K $1.370M
Free Cash Flow -$621.3K -$2.969M
YoY Change -10.77% 78.24%

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SharesIssuedForPurchaseOfIntangibleAssets
370000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4343104 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1474496 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-4343104 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1479362 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-88880 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-2638153 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-23600 usd
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-130305 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-149010 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
49248 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
627591 usd
CY2023 CETI Changes In Fair Value Of Contingent Liability
ChangesInFairValueOfContingentLiability
-450 usd
CY2022 CETI Changes In Fair Value Of Contingent Liability
ChangesInFairValueOfContingentLiability
2731 usd
CY2023 CETI Shares Issued For Services
SharesIssuedForServices
1951346 usd
CY2022 CETI Shares Issued For Services
SharesIssuedForServices
122197 usd
CY2023 CETI Warrants Issued For Services
WarrantsIssuedForServices
301090 usd
CY2023 CETI Options Issued For Services
OptionsIssuedForServices
27962 usd
CY2022 CETI Options Issued For Services
OptionsIssuedForServices
18318 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
161932 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1060198 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
112980 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
43929 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
100045 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
66796 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
70379 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
144312 usd
CY2023 CETI Increase Decrease In Estimated Asset Retirement Obligation
IncreaseDecreaseInEstimatedAssetRetirementObligation
97463 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
117727 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
41114 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1599480 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-271369 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1369875 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1394561 usd
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
100000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13600 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1456275 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1394561 usd
CY2023 CETI Repayment Of Notes Payable Related Parties
RepaymentOfNotesPayableRelatedParties
25000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
908501 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
31500 usd
CY2023 CETI Repayment Of Convertible Notes Payable
RepaymentOfConvertibleNotesPayable
380250 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3971500 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1461000 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
340074 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
100000 usd
CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
15000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
100000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2997823 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1644500 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-57932 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-21430 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
239417 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297349 usd
CY2022 CETI Stock Issued For Conversion Of Advance On Joint Venture
StockIssuedForConversionOfAdvanceOnJointVenture
233983 usd
CY2023 CETI Stock Issued For Conversion Of Convertible Notes Payable And Accrued Interest
StockIssuedForConversionOfConvertibleNotesPayableAndAccruedInterest
1167000 usd
CY2022 CETI Stock Issued For Conversion Of Convertible Notes Payable And Accrued Interest
StockIssuedForConversionOfConvertibleNotesPayableAndAccruedInterest
2319501 usd
CY2023 CETI Shares Issued For Notes Payable
SharesIssuedForNotesPayable
50000 usd
CY2023 CETI Shares Issued For Contingent Liability
SharesIssuedForContingentLiability
5250 usd
CY2023 CETI Purchase Of Intangible Assets With Debt
PurchaseOfIntangibleAssetsWithDebt
758501 usd
CY2023 CETI Purchase Of Intangible Assets With Stock
PurchaseOfIntangibleAssetsWithStock
370000 usd
CY2023 CETI Conversion Of Common Stock To Preferred Stock
ConversionOfCommonStockToPreferredStock
50000 usd
CY2023 CETI Debt Discount On Convertible Notes Payable
DebtDiscountOnConvertibleNotesPayable
225000 usd
CY2023 CETI Conversion Of Related Party Notes Payable To Common Stock
ConversionOfRelatedPartyNotesPayableToCommonStock
3000 usd
CY2023 CETI Shares Issued For Accrued Interest
SharesIssuedForAccruedInterest
28593 usd
CY2023Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.06 pure
CY2022Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.06 pure
CY2022Q4 CETI Contingent Liabilities
ContingentLiabilities
5700 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zzOdKVrcHaTe" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"><i><span style="text-decoration: underline"><span id="xdx_86E_zC3xKs9m5ALk">Use of estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">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>
CY2023Q4 us-gaap Cash
Cash
0 usd
CY2022Q4 us-gaap Cash
Cash
0 usd
CY2023Q4 us-gaap Bridge Loan
BridgeLoan
100000 usd
CY2022Q4 us-gaap Bridge Loan
BridgeLoan
100000 usd
CY2023Q4 CETI Railroad Commission Bond Of Texas
RailroadCommissionBondOfTexas
62000 usd
CY2022Q4 CETI Railroad Commission Bond Of Texas
RailroadCommissionBondOfTexas
62000 usd
CY2023Q4 us-gaap Capital
Capital
5000 usd
CY2022Q4 us-gaap Capital
Capital
5000 usd
CY2023Q4 CETI Additional Contingent Liability
AdditionalContingentLiability
92463 usd
CY2022Q4 CETI Additional Contingent Liability
AdditionalContingentLiability
92463 usd
CY2023Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2571221 usd
CY2022Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
1604983 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023 us-gaap Gain Loss On Sale Of Unproved Property
GainLossOnSaleOfUnprovedProperty
0 usd
CY2022 us-gaap Gain Loss On Sale Of Unproved Property
GainLossOnSaleOfUnprovedProperty
0 usd
CY2023Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 usd
CY2022Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 usd
CY2023 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
0 usd
CY2022 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
0 usd
CY2023 CETI Impairment Proved Properties
ImpairmentProvedProperties
0 usd
CY2022 CETI Impairment Proved Properties
ImpairmentProvedProperties
0 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2280398 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
140515 usd
CY2023Q4 CETI Derivative Liability
DerivativeLiability
217177 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
217177 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zM6Uz2vNwP81" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"><i><span style="text-decoration: underline"><span id="xdx_869_zcZ4e0H9mtjb">Concentration of credit risks</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">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>
CY2021Q4 CETI Working Interest
WorkingInterest
0.1875 pure
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
103254 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58224 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3707005 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2429035 usd
CY2023 us-gaap Depreciation
Depreciation
54705 usd
CY2022 us-gaap Depreciation
Depreciation
43929 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
758501 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
50567 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
707934 usd
CY2023Q4 us-gaap Common Unit Issued
CommonUnitIssued
1000000 shares
CY2023Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
0.37
CY2023Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
370000 usd
CY2023Q4 CETI Amortization Of Financing Costs And Discount
AmortizationOfFinancingCostsAndDiscount
7708 usd
CY2023Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
362292 usd
CY2023Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
1070226 usd
CY2022Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
0 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
3429739 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
869500 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
161011 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
74028 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3268728 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
795472 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
497654 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
277613 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2771074 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
517859 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
634750 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2794989 usd
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
3429739 usd
CY2023Q3 us-gaap Loans Payable
LoansPayable
100000 usd
CY2023Q3 us-gaap Interest Paid
InterestPaid
22718 usd
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
100000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
250 usd
CY2023 us-gaap Interest Paid
InterestPaid
50 usd
CY2023 us-gaap Paid In Kind Interest
PaidInKindInterest
200 usd
CY2023Q4 CETI Stock Share Paid Per Value
StockSharePaidPerValue
0.20
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7500 usd
CY2023Q3 CETI Related Party Issued Loan Amount
RelatedPartyIssuedLoanAmount
153989 usd
CY2023Q3 CETI Related Party Issued Loan Amount Net
RelatedPartyIssuedLoanAmountNet
130074 usd
CY2023Q3 CETI Loan Percentage Per Year
LoanPercentagePerYear
0.125 pure
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
79250 usd
CY2023 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-12-29
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1178787 usd
CY2023 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
10830890 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
8110690 shares
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
2810250 usd
CY2023 CETI Embedded Derivative Gain On Embedded Derivatives
EmbeddedDerivativeGainOnEmbeddedDerivatives
88880 usd
CY2023 us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
130305 usd
CY2023 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-41425 usd
CY2023Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.334
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.348
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.348
CY2023Q3 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.169
CY2023Q4 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.195
CY2023 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.195
CY2023Q3 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P1Y
CY2023Q4 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P1Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.4396 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
7.3038 pure
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.6176 pure
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
5.8687 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.2327 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
7.3378 pure
CY2023Q3 CETI Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Adjusted Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskAdjustedInterestRate
0.0848 pure
CY2023Q4 CETI Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Adjusted Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskAdjustedInterestRate
0.08 pure
CY2023 CETI Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Adjusted Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskAdjustedInterestRate
0.08 pure
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3116734 usd
CY2023 CETI Issuance Of Embedded Derivatives
IssuanceOfEmbeddedDerivatives
355305 usd
CY2022 CETI Issuance Of Embedded Derivatives
IssuanceOfEmbeddedDerivatives
396013 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
3512747 usd
CY2023 CETI Extinguishment Of Debt Gain Loss Net Of Taxes
ExtinguishmentOfDebtGainLossNetOfTaxes
49248 usd
CY2023 CETI Changes In Fair Value Inputs And Assumptions Reflected In Income
ChangesInFairValueInputsAndAssumptionsReflectedInIncome
-88880 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
217177 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
80991 usd
CY2023Q3 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
153989 usd
CY2023Q3 CETI Equity Method Investments Ownership Percentage
EquityMethodInvestmentsOwnershipPercentage
0.125 pure
CY2023 CETI Consulting Service
ConsultingService
588308 usd
CY2022 CETI Consulting Service
ConsultingService
333500 usd
CY2023 CETI Consulting Fees
ConsultingFees
120836 usd
CY2022 CETI Consulting Fees
ConsultingFees
122813 usd
CY2023Q4 CETI Number Of Shares Cancellled
NumberOfSharesCancellled
50000000 shares
CY2022 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
18318 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
100000 shares
CY2023 CETI Stock Options Description
StockOptionsDescription
Company canceled Ken Water's 200,000 Options, of which 150,000 vested as of the cancellation date. On the same date, the Company agreed to issue 1,000,000 replacement options with a vesting date of June 3, 2023.
CY2023Q2 CETI Fair Value Of New Award
FairValueOfNewAward
60472 usd
CY2023Q2 CETI Fair Value Of Original Award On Modification Date
FairValueOfOriginalAwardOnModificationDate
1377 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
59095 usd
CY2023Q2 CETI Unrecognized Grantdate Fair Value Of Original Award On Modification Date
UnrecognizedGrantdateFairValueOfOriginalAwardOnModificationDate
37647 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
96742 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
24 months
CY2023Q4 CETI Quoted Market Price
QuotedMarketPrice
0.3480
CY2023Q4 us-gaap Share Price
SharePrice
0.3600
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y6M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3288 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0450 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
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
500000 shares
CY2023 us-gaap Other Expenses
OtherExpenses
602179 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
23649 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
85356 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3938802 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-481708 usd
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
112980 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
43929 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1369875 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1394559 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
5374701 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
2871855 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
901551 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
343275 usd
CY2023 CETI Less Valuation Allowance
LessValuationAllowance
901551 usd
CY2022 CETI Less Valuation Allowance
LessValuationAllowance
343275 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1411984 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
510433 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1411984 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
510433 usd
CY2023 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
870000 usd
CY2023 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
23649 usd
CY2022 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
85356 usd
CY2023 CETI Average Sales Price
AverageSalesPrice
78.10
CY2022 CETI Average Sales Price
AverageSalesPrice
94.13
CY2023 CETI Average Price Of West Texas Intermediate Oil
AveragePriceOfWestTexasIntermediateOil
78.10
CY2023 CETI Recoverable Oil Price
RecoverableOilPrice
3500000000 usd
CY2023 us-gaap Production Costs
ProductionCosts
1000000000 usd
CY2023 CETI Recoverable Oil Price Net
RecoverableOilPriceNet
2500000000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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