2024 Q1 Form 10-K Financial Statement

#000149315224010380 Filed on March 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $908.5K $1.546M
YoY Change 198.64%
Cost Of Revenue $245.5K $548.6K
YoY Change -48.8%
Gross Profit $663.1K $997.2K
YoY Change -280.04%
Gross Profit Margin 72.98% 64.51%
Selling, General & Admin $7.603M $7.032M $16.27M
YoY Change 918.59% 666.86% 158.74%
% of Gross Profit 1060.56% 1631.52%
Research & Development $441.8K $263.8K $263.8K
YoY Change
% of Gross Profit 39.78% 26.45%
Depreciation & Amortization $425.5K $983.8K
YoY Change 158.61% 49.49%
% of Gross Profit 64.17% 98.66%
Operating Expenses $8.045M $7.721M $35.14M
YoY Change 884.31% 613.93% 332.49%
Operating Profit -$8.045M -$7.058M -$33.59M
YoY Change 884.31% 552.62% 341.6%
Interest Expense $52.10K -$798.9K -$5.141M
YoY Change -66.19% 414.97% -937.58%
% of Operating Profit
Other Income/Expense, Net $52.10K -$15.32M -$45.49M
YoY Change -133.82% 685.05%
Pretax Income -$7.993M -$23.45M -$79.08M
YoY Change 722.81% 261.49% 490.09%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$9.000M -$23.45M -$79.10M
YoY Change 826.53% 256.44% 489.47%
Net Earnings / Revenue -2581.33% -5117.12%
Basic Earnings Per Share -$0.90 -$16.51
Diluted Earnings Per Share -$0.90 -$139.90 -$16.51
COMMON SHARES
Basic Shares Outstanding 10.03M shares 7.475M shares 4.788M shares
Diluted Shares Outstanding 4.788M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.048M $13.04M $13.04M
YoY Change 14880.64% 5191.83% 5191.83%
Cash & Equivalents $4.000M $13.04M $13.04M
Short-Term Investments
Other Short-Term Assets $1.195M $164.4K $164.4K
YoY Change -74.83% -96.51% -96.51%
Inventory
Prepaid Expenses $175.6K $164.4K
Receivables $329.8K $329.8K
Other Receivables $951.8K $0.00 $0.00
Total Short-Term Assets $6.194M $13.53M $13.53M
YoY Change 29.72% 167.9% 167.9%
LONG-TERM ASSETS
Property, Plant & Equipment $30.75M $31.89M $32.04M
YoY Change 1862.09% 1853.9% 1863.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.187M $109.0K $109.0K
YoY Change 8224.9% -1.26% -1.26%
Total Long-Term Assets $40.34M $32.15M $32.15M
YoY Change 2304.18% 1745.31% 1745.31%
TOTAL ASSETS
Total Short-Term Assets $6.194M $13.53M $13.53M
Total Long-Term Assets $40.34M $32.15M $32.15M
Total Assets $46.53M $45.68M $45.68M
YoY Change 621.09% 572.49% 572.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.598M $2.296M $5.174M
YoY Change 0.9% -28.99% 60.04%
Accrued Expenses $1.680M $242.5K $242.5K
YoY Change -48.46% -92.06% -92.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.649M $5.416M $5.416M
YoY Change -36.89% -58.87% -58.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $218.1K $93.82K $93.82K
YoY Change
Total Long-Term Liabilities $218.1K $93.82K $93.82K
YoY Change 45.48% -37.41% -37.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.649M $5.416M $5.416M
Total Long-Term Liabilities $218.1K $93.82K $93.82K
Total Liabilities $8.867M $5.510M $5.510M
YoY Change -36.0% -58.63% -58.63%
SHAREHOLDERS EQUITY
Retained Earnings -$87.90M -$78.90M
YoY Change 41.77% 29.34%
Common Stock $108.2K $98.27K
YoY Change 8736.03% 7928.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.66M $40.17M $40.17M
YoY Change
Total Liabilities & Shareholders Equity $46.53M $45.68M $45.68M
YoY Change 621.09% 572.49% 572.49%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$9.000M -$23.45M -$79.10M
YoY Change 826.53% 256.44% 489.47%
Depreciation, Depletion And Amortization $425.5K $983.8K
YoY Change 158.61% 49.49%
Cash From Operating Activities -$3.324M -$4.003M -$11.94M
YoY Change 1835.67% 1207.89% 444.6%
INVESTING ACTIVITIES
Capital Expenditures $11.05M $108.9K $200.0K
YoY Change -96.22%
Acquisitions
YoY Change
Other Investing Activities $922.4K -$2.024M -$2.290M
YoY Change -2037.86% -2099.65% -165.8%
Cash From Investing Activities -$10.13M -$2.133M -$23.68M
YoY Change 21174.29% -2207.29% 1204.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.40M
YoY Change
Debt Paid & Issued, Net $150.0K
YoY Change
Cash From Financing Activities $4.462M 11.93M $48.58M
YoY Change 3206.5%
NET CHANGE
Cash From Operating Activities -$3.324M -4.003M -$11.94M
Cash From Investing Activities -$10.13M -2.133M -$23.68M
Cash From Financing Activities $4.462M 11.93M $48.58M
Net Change In Cash -$8.989M 5.795M $12.96M
YoY Change 3998.32% -2928.83% -610.36%
FREE CASH FLOW
Cash From Operating Activities -$3.324M -$4.003M -$11.94M
Capital Expenditures $11.05M $108.9K $200.0K
Free Cash Flow -$14.37M -$4.112M -$12.14M
YoY Change 8269.3% 1243.48% 62.14%

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CY2023 PROP Loss On Adjustment To Fair Value Warrant Liabilities
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CY2023 PROP Loss On Adjustment To Fair Value Ar Debentures
LossOnAdjustmentToFairValueArDebentures
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CY2023 PROP Gains Losses On Adjustment To Fair Value Obligation Shares
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Net Income Loss
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 PROP Stock Issued During Period Value Conversion Of Membership Interest
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CY2023 us-gaap Stock Issued During Period Value New Issues
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CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023 us-gaap Stock Issued During Period Value Acquisitions
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CY2023 PROP Issuance Of Preferred Stock Warrants And Common Stock
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CY2023 PROP Stock Issued During Period Value Reclassification1
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CY2023 PROP Stock Issued During Period Value Conversion Of Convertible Debentures
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CY2023 PROP Stock Issued During Period Value Reclassification2
StockIssuedDuringPeriodValueReclassification2
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CY2023 PROP Stock Issued During Period Value New Issues Of Common Stock Upon Warrant Exercise
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Profit Loss
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CY2023Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
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CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2023 us-gaap Share Based Compensation
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CY2023 PROP Loss On Adjustment To Fair Value Warrant Liabilities
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LossOnAdjustmentToFairValueArDebentures
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CY2023 us-gaap Increase Decrease In Prepaid Expense
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 PROP Increase Decrease In Accrued Interest And Expenses Related Parties
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Payments For Proceeds From Investments
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CY2023 us-gaap Payments To Acquire Mining Assets
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Issuance Of Warrants
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us-gaap Proceeds From Stock Options Exercised
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NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023 us-gaap Interest Paid Net
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PROP Deferred Transaction Costs Associated With Merger And Exok Transaction
DeferredTransactionCostsAssociatedWithMergerAndExokTransaction
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PROP Deferred Transaction Costs Associated With Pipe Transaction
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CY2023 PROP Cryptocurrency Mining Equipment And Deposits Acquired In Merger
CryptocurrencyMiningEquipmentAndDepositsAcquiredInMerger
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CY2023 PROP Secured Convertible Debentures Assumed In Merger
SecuredConvertibleDebenturesAssumedInMerger
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CY2023 PROP Sba Loan Payable Acquired Assumed In Merger
SbaLoanPayableAcquiredAssumedInMerger
150000 usd
CY2023 PROP Membership Interests Converted Into Shares Of Common Stock
MembershipInterestsConvertedIntoSharesOfCommonStock
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CY2023 PROP Common Stock Issued At Merger
CommonStockIssuedAtMerger
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CY2023 PROP Series D Preferred Stock Issued At Merger
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CY2023 PROP Common Stock And Warrants Issued In Option Acquisition
CommonStockAndWarrantsIssuedInOptionAcquisition
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CY2023 PROP Common Stock Issued In Satisfaction Of Share Issuance Obligation
CommonStockIssuedInSatisfactionOfShareIssuanceObligation
2006741 usd
CY2023 PROP Common Stock Issued In Conversion Of Ar Debentures
CommonStockIssuedInConversionOfArDebentures
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CY2023 PROP Reclassification Of Increase In Value Of Warrant Liabilities To Equity
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39797994 usd
CY2023Q2 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
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CY2023Q3 us-gaap Area Of Land
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CY2023Q3 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
18000000.0 usd
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StockIssuedDuringPeriodSharesNewIssues
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CY2023Q4 us-gaap Shares Issued
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
550000000 shares
CY2023 us-gaap Net Income Loss
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13000000.0 usd
CY2023Q4 PROP Working Capital Surplus
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8100000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-78900000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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6.00
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32400000 usd
CY2024Q1 us-gaap Proceeds From Warrant Exercises
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_840_eus-gaap--UseOfEstimates_zP3ihv197pk3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span id="xdx_865_ztfUH4uyGcZ1" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These estimates and assumptions include estimates for reserves of uncollectible accounts, accruals for potential liabilities, estimates and assumptions made in valuing assets and debt instruments issued in the Merger, and realization of deferred tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zcOMbamoVqCe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span id="xdx_86C_z7rG5KLK3cF8" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Credit Risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of cash and cash equivalents. The Company places its cash with high quality financial institutions and at times may exceed the FDIC $<span id="xdx_905_eus-gaap--CashFDICInsuredAmount_iI_c20231231_zP658DSnChN7">250,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">insurance limit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All of the Company’s revenue for the year ended December 31, 2023 was generated from its cryptocurrency mining business under a contract with Atlas (described below). We were wholly reliant on Atlas to operate our miners on a daily basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company does not anticipate incurring any losses related to these credit risks.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
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CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
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CY2023Q2 PROP Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Mining Equipment
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CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
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CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
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CY2023Q2 PROP Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Convertible Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesConvertibleLiability
1981000 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
150000 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
529638 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
15170154 usd
CY2023Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
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CY2023Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
28705404 usd
CY2023Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
28705404 usd
CY2023Q4 PROP Cryptocurrency Miners Gross
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CY2023Q4 PROP Mobile Data Center Gross
MobileDataCenterGross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 PROP Property Plant And Equipment Net Cryptocurrency Mining
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CY2023 us-gaap Tangible Asset Impairment Charges
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CY2023Q4 us-gaap Property Plant And Equipment Fair Value Disclosure
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1500000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
200000 usd
CY2023 PROP Deposits Acquired Upon Merger
DepositsAcquiredUponMerger
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CY2023 PROP Equipment Delivered During Period
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CY2023 PROP Impairment
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CY2023Q4 us-gaap Accrued Professional Fees Current
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CY2022Q4 us-gaap Accrued Professional Fees Current
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CY2023Q4 PROP Incentive Compensation
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CY2023Q4 us-gaap Other Accrued Liabilities Current
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023 us-gaap Operating Lease Cost
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CY2023 us-gaap Short Term Lease Cost
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CY2023 us-gaap Lease Cost
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63349 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.102 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
53798 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
53798 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49951 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
157547 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21841 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
135706 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023 PROP Secured Convertible Debentures Assumed In Merger
SecuredConvertibleDebenturesAssumedInMerger
1981000 usd
CY2023 PROP Loss On Adjustment To Fair Value Ar Debentures
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-3790428 usd
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
5771428 usd
CY2023 PROP Reclassification To Warrant Liabilities
ReclassificationToWarrantLiabilities
25883095 usd
CY2023 PROP Loss On Adjustment To Fair Value Warrant Liabilities
LossOnAdjustmentToFairValueWarrantLiabilities
-39797994 usd
CY2023 PROP Reclassification To Equity
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-65681089 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
3890639 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
727829 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
7488580 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
1923870 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-16606561 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3111717 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
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11030238 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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510661 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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103929 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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4784 usd
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99145 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
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103929 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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0 usd
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
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CY2022Q3 PROP Non Compensatory Options To Purchase Membership Interest
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CY2022Q3 PROP Sale Of Non Compensatory Options
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CY2022Q3 PROP Restricted Options Exercisable Increments Percentage
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0.25 pure
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day One
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2500 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Two
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5000 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Three
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7500 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Four
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CY2023 PROP Stock Issued During Period Shares Non Compensatory Options Acquire
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CY2023Q4 us-gaap Share Price
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7.14
CY2023 PROP Stock Issued During Period Value Options Are Subject To Be Ttransferred
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2000000 usd
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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35000000 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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677426 shares
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2973641 usd
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13036950 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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79845 usd
CY2023Q4 us-gaap Prepaid Expense Current
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164391 usd
CY2023 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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28705404 usd
CY2023 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
263757 usd
CY2023 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
28969161 usd

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