2024 Q3 Form 10-Q Financial Statement

#000121390024099136 Filed on November 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $7.364M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $507.6K $426.8K
YoY Change 18.93%
% of Gross Profit
Operating Expenses $5.380M $710.0K
YoY Change 657.68% 54.58%
Operating Profit $1.985M -$708.7K
YoY Change -380.05% 54.31%
Interest Expense $89.77K
YoY Change -77.43%
% of Operating Profit
Other Income/Expense, Net -$6.682M $497.6K
YoY Change -1442.8% 25.13%
Pretax Income -$4.697M -$211.1K
YoY Change 2124.71% 242.58%
Income Tax -$855.9K -$205.8K
% Of Pretax Income
Net Earnings -$3.841M -$5.358K
YoY Change 71590.39% -91.31%
Net Earnings / Revenue -52.16%
Basic Earnings Per Share -$0.67
Diluted Earnings Per Share -$0.67 $0.00
COMMON SHARES
Basic Shares Outstanding 7.516M shares
Diluted Shares Outstanding 5.734M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $640.0K
YoY Change 1117.89%
Cash & Equivalents $2.747M $638.7K
Short-Term Investments
Other Short-Term Assets $1.301K $50.00K
YoY Change -97.4% -75.34%
Inventory
Prepaid Expenses $50.00K
Receivables
Other Receivables
Total Short-Term Assets $5.981M $688.7K
YoY Change 768.37% 169.81%
LONG-TERM ASSETS
Property, Plant & Equipment $20.00K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $48.97M
YoY Change -44.67%
Other Assets $150.0K
YoY Change
Total Long-Term Assets $97.20M $49.12M
YoY Change 97.86% -44.49%
TOTAL ASSETS
Total Short-Term Assets $5.981M $688.7K
Total Long-Term Assets $97.20M $49.12M
Total Assets $103.2M $49.81M
YoY Change 107.13% -43.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.988M $1.540M
YoY Change 418.7% 542.01%
Accrued Expenses $470.0K
YoY Change 95.94%
Deferred Revenue
YoY Change
Short-Term Debt $1.520M
YoY Change
Long-Term Debt Due $10.91M
YoY Change
Total Short-Term Liabilities $44.78M $5.678M
YoY Change 688.74% 1356.29%
LONG-TERM LIABILITIES
Long-Term Debt $28.84M $0.00
YoY Change
Other Long-Term Liabilities $675.0K $2.440M
YoY Change -72.34% -5.7%
Total Long-Term Liabilities $34.26M $2.439M
YoY Change 1304.88% -5.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.78M $5.678M
Total Long-Term Liabilities $34.26M $2.439M
Total Liabilities $79.04M $8.116M
YoY Change 873.88% 172.6%
SHAREHOLDERS EQUITY
Retained Earnings -$28.29M -$6.896M
YoY Change 310.26% 168.08%
Common Stock $301.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.426M -$6.896M
YoY Change
Total Liabilities & Shareholders Equity $103.2M $49.81M
YoY Change 107.13% -43.88%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.841M -$5.358K
YoY Change 71590.39% -91.31%
Depreciation, Depletion And Amortization $507.6K $426.8K
YoY Change 18.93%
Cash From Operating Activities -$520.0K
YoY Change 89.99%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$240.0K
YoY Change
Cash From Investing Activities -$240.0K
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 580.0K
YoY Change
NET CHANGE
Cash From Operating Activities -520.0K
Cash From Investing Activities -240.0K
Cash From Financing Activities 580.0K
Net Change In Cash -180.0K
YoY Change -34.23%
FREE CASH FLOW
Cash From Operating Activities -$520.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity Registrant Name
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EON Resources, Inc.
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us-gaap Interest Paid Net
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us-gaap Liabilities Assumed1
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us-gaap Conversion Of Stock Amount Issued1
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eonr Accrued Purchases Of Property And Equipment At Period End
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eonr Accrued Purchases Of Property And Equipment At Period End
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us-gaap Nature Of Operations
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Organization and General</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">EON Resources, Inc. (formerly HNR Acquisition Corp) (the “Company”) was incorporated in Delaware on December 9, 2020. The Company was a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act,” as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). On September 16, 2024, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to change the Company’s name from “HNR Acquisition Corp” to “EON Resources Inc.”, effective on September 17, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The registration statement for the Company’s IPO was declared effective on February 10, 2022 (the “Effective Date”). On February 15, 2022, the Company consummated the IPO of 7,500,000 units (the “Units” and, with respect to the common stock included in the Units sold, the “Public Shares”), at $10.00 per Unit. Additionally, the underwriter fully exercised its option to purchase 1,125,000 additional Units. Simultaneously with the closing of the IPO, the Company consummated the sale of 505,000 units (the “Private Placement Units”) at a price of $10.00 per unit generating proceeds of $5,050,000 in a private placement to HNRAC Sponsors, LLC, the Company’s sponsor (the “Sponsor”) and EF Hutton (formerly Kingswood Capital Markets) (“EF Hutton”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Sponsor and other parties, purchased, in the aggregate, 505,000 units (“Private Placement Units”) at a price of $10.00 per Private Placement Unit in a private placement which included a share of common stock and warrant to purchase three quarters of one share of common stock at an exercise price of $11.50 per share, subject to certain adjustments (“Private Placement Warrants” and together, the “Private Placement”) that occurred immediately prior to the Public Offering.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">Effective November 15, 2023, the Company completed its business combination as described in Note 3. Through its subsidiary Pogo Resources, LLC, a Texas limited liability Company “(“Pogo” or “Pogo Resources”) and its subsidiary LH Operating, LLC, a Texas limited liability company “(“LHO”), the Company is an independent oil and natural gas company focused on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. The Permian Basin is located in west Texas and southeastern New Mexico and is characterized by high oil and liquids-rich natural gas content, multiple vertical and horizontal target horizons, extensive production histories, long-lived reserves and historically high drilling success rates. The Company’s properties are in the Grayburg-Jackson Field in Eddy County, New Mexico, which is a sub-area of the Permian Basin. The Company focuses exclusively on vertical development drilling. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Inflation Reduction Act of 2022</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases (including redemptions) of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any redemption or other repurchase that occurs after December 31, 2022, in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 11, 2023, in connection with the stockholder vote for the amendment to the Company’s certificate of incorporation, a total of 4,115,597 Public Shares for an aggregate redemption amount of $43,318,207 were redeemed from the Trust Account by the stockholders of the Company. On November 15, 2023, a total of 3,323,707 Public Shares were redeemed for an aggregate redemption amount of $12,346,791. As a result of these redemptions of common stock, the Company recognized an estimated liability for the excise tax of $474,837, included in <i>Accrued liabilities and other </i>on the Company’s consolidated balance sheet pursuant to the 1% excise tax under the IR Act partially offset by issuance of common stock subsequent to the redemptions. The liability does not impact the consolidated statements of operations and is offset against accumulated deficit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Going Concern Considerations </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At September 30, 2024, the Company had $2,746,896, in cash and a working capital deficit of $38,801,444. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The Company had positive cash flow from operations of $3,346,362 for the nine months ended September 30, 2024 and $8,675,037 for the year ended December 31, 2023, on a pro forma basis of the combined Successor and Predecessor periods. Additionally, management’s plans to alleviate this substantial doubt by improving profitability through streamlining costs, maintaining active hedge positions for its proven reserve production, and the issuance of additional shares of Class A common stock under the Common Stock Purchase Agreement. The Company has a three-year Common Stock Purchase Agreement with a maximum funding limit of $150,000,000 that can fund the Company operations and production growth, and be used to reduce liabilities of the Company, subject to the Company’s Form S-1 Registration Statement, which was declared effective by the Securities and Exchange Commission (“SEC”) on August 9, 2024. Through September 30, 2024, the Company has received $1,184,272 in cash proceeds related to the sale of 1,000,000 shares of common stock under the Common Stock Purchase Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p>
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CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2023Q4 us-gaap Excise And Sales Taxes
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q3 us-gaap Repurchase Agreement Counterparty Amount At Risk
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us-gaap Basis Of Accounting
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Basis of Presentation:</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 15, 2023 (the “Closing Date”), the Company consummated a business combination which resulted in the acquisition of Pogo Resources, LLC, a Texas limited liability Company (“Pogo” or “Pogo Resources”) and its subsidiary LH Operating, LLC, a Texas limited liability company (“LHO”, and collectively, the “Pogo Business”) (the “Acquisition”). The Company was deemed the accounting acquirer in the Acquisition based on an analysis of the criteria outlined in Accounting Standards Codification (“ASC”) 805, Business Combinations, and the Pogo Business was deemed to be the Predecessor entity. Accordingly, the historical consolidated financial statements of the Pogo Business became the historical financial statements of the Company’s upon consummation of the Acquisition. As a result, the financial statements included in this report reflect (i) the historical operating results of Pogo Business prior to the Acquisition (“Predecessor”) and (ii) the combined results of the companies, including Pogo Business following the closing of the Acquisition (“Successor”). The accompanying financial statements include a Predecessor period, which was the three and nine months ended September 30, 2023, and Successor period for the three and nine months ended September 30, 2024. As a result of the Acquisition, the results of operations, financial position and cash flows of the Predecessor and Successor may not be directly comparable. A black-line between the Successor and Predecessor periods has been placed in the consolidated financial statements and in the tables to the notes to the consolidated financial statements to highlight the lack of comparability between these two periods as the Acquisition resulted in a new basis of accounting for the Pogo Business. See Note 3 for additional information.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Condensed Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the period presented.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K as filed with the SEC on May 2, 2024. The interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any future periods.</p>
us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires the Company’s 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. Significant estimates and assumptions reflected in the financial statements include: i) estimates of proved reserves of oil and natural gas, which affect the calculation of depletion, depreciation, and amortization (“DD&amp;A”) and impairment of proved oil and natural gas properties, ii) impairment of undeveloped properties and other assets, iii) depreciation of property and equipment; and iv) the valuation of commodity derivative instruments. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions. Future production may vary materially from estimated oil and natural gas proved reserves. Actual future prices may vary significantly from price assumptions used for determining proved reserves and for financial reporting.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p>
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us-gaap Depreciation Depletion And Amortization
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CY2023Q3 us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of September 30, 2024, the Company’s cash balances exceeded the FDIC limit by $2,404,329. At September 30, 2024, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.  </p>
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CY2024Q3 us-gaap Cash Uninsured Amount
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CY2023Q3 us-gaap Sale Of Stock Price Per Share
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eonr Subjectto A Minimum Share
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us-gaap Business Combination Consideration Transferred Liabilities Incurred
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us-gaap Business Combination Consideration Transferred1
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CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
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CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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368371 usd
CY2024Q3 eonr Business Combination Recognized Identifiable Assets Acquired And Liabilities Oil Gas Reserves
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CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
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CY2024Q3 eonr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Revenue And Royalties Payable
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CY2024Q3 eonr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Shortterm Derivative Liabilities
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CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
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CY2024Q3 eonr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Asset Retirement Obligations Net
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CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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CY2024Q3 us-gaap Other Liabilities Current
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CY2024Q2 us-gaap Gain Loss Related To Litigation Settlement
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us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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eonr Dilutive Offering Price
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ForwardPurchaseAgreementEstimateRate
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eonr Dilutive Offering Price
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CY2022Q2 eonr Referral Fees Service
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CY2023Q1 us-gaap Investment Interest Rate
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CY2023Q1 eonr Agreement Amount Paid
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CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
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CY2024Q3 us-gaap Other Liabilities Noncurrent
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CY2023Q4 us-gaap Other Liabilities Noncurrent
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CY2024Q3 us-gaap Excess Stock Shares Issued
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us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 eonr Non Rule10b51 Arrangement Modified Flag
NonRule10b51ArrangementModifiedFlag
false
CY2024Q3 eonr Rule10b51 Arrangement Modified Flag
Rule10b51ArrangementModifiedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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CY2023Q4 us-gaap Accounts Receivable Net Current
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2024Q3 us-gaap Preferred Stock Value
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CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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CY2023Q3 eonr Change In Fair Value Of Forward Purchase Agreement Liability
ChangeInFairValueOfForwardPurchaseAgreementLiability
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eonr Change In Fair Value Of Forward Purchase Agreement Liability
ChangeInFairValueOfForwardPurchaseAgreementLiability
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CY2023Q3 us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q3 us-gaap Income Tax Expense Benefit
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CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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shares
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CY2023Q3 us-gaap Earnings Per Share Basic
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CY2024Q3 us-gaap Stock Issued During Period Value New Issues
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us-gaap Share Based Compensation
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eonr Operating Lease Amortization Expenses.
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Fair Value Adjustment Of Warrants
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eonr Change In Fair Value Of Forward Purchase Agreement
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eonr Change In Other Property Plant And Equipment Net
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Increase Decrease In Notes Receivable Related Parties Current
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us-gaap Payments To Acquire Other Property Plant And Equipment
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eonr Payments To Acquire Trust Account Withdrawals
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CY2023Q4 eonr Merchant Cash Advances
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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dei Amendment Flag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Entity Central Index Key
EntityCentralIndexKey
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