2024 Q4 Form 10-Q Financial Statement

#000149315224044178 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.790M
YoY Change 39.2%
% of Gross Profit
Research & Development $25.32K
YoY Change
% of Gross Profit
Depreciation & Amortization $710.00
YoY Change -99.83%
% of Gross Profit
Operating Expenses $8.816M
YoY Change 26.85%
Operating Profit -$8.816M
YoY Change 35.8%
Interest Expense $431.6K
YoY Change -114.91%
% of Operating Profit
Other Income/Expense, Net -$2.608M
YoY Change -90.66%
Pretax Income -$11.42M
YoY Change -66.81%
Income Tax
% Of Pretax Income
Net Earnings -$11.40M
YoY Change -66.88%
Net Earnings / Revenue
Basic Earnings Per Share -$0.68
Diluted Earnings Per Share -$0.68
COMMON SHARES
Basic Shares Outstanding 22.92M shares 12.56M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.05M
YoY Change 453.07%
Cash & Equivalents $40.10M
Short-Term Investments
Other Short-Term Assets $267.4K
YoY Change -1.64%
Inventory
Prepaid Expenses $267.4K
Receivables
Other Receivables $500.0K
Total Short-Term Assets $57.08M
YoY Change 649.94%
LONG-TERM ASSETS
Property, Plant & Equipment $42.15M
YoY Change 30.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.82K
YoY Change -81.46%
Total Long-Term Assets $50.10M
YoY Change 54.24%
TOTAL ASSETS
Total Short-Term Assets $57.08M
Total Long-Term Assets $50.10M
Total Assets $107.2M
YoY Change 167.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.222M
YoY Change 301.06%
Accrued Expenses $7.577M
YoY Change 25156.17%
Deferred Revenue
YoY Change
Short-Term Debt $5.281M
YoY Change 8.6%
Long-Term Debt Due $14.25M
YoY Change 193.03%
Total Short-Term Liabilities $45.01M
YoY Change 287.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $875.1K
YoY Change -98.28%
Total Long-Term Liabilities $875.1K
YoY Change -98.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.01M
Total Long-Term Liabilities $875.1K
Total Liabilities $45.89M
YoY Change -26.39%
SHAREHOLDERS EQUITY
Retained Earnings -$107.8M
YoY Change 94.58%
Common Stock $229.2K
YoY Change 223.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.29M
YoY Change
Total Liabilities & Shareholders Equity $107.2M
YoY Change 167.33%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$11.40M
YoY Change -66.88%
Depreciation, Depletion And Amortization $710.00
YoY Change -99.83%
Cash From Operating Activities $2.791M
YoY Change -197.0%
INVESTING ACTIVITIES
Capital Expenditures $5.187M
YoY Change -71.37%
Acquisitions
YoY Change
Other Investing Activities $3.046M
YoY Change
Cash From Investing Activities -$2.141M
YoY Change -88.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.18M
YoY Change 88.86%
NET CHANGE
Cash From Operating Activities 2.791M
Cash From Investing Activities -2.141M
Cash From Financing Activities 37.18M
Net Change In Cash 37.83M
YoY Change -2988.2%
FREE CASH FLOW
Cash From Operating Activities $2.791M
Capital Expenditures $5.187M
Free Cash Flow -$2.396M
YoY Change -88.59%

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us-gaap Net Income Loss
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CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2024Q1 PROP Stock Issued During Period Value New Issues Of Common Stock Upon Warrant Exercise
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NetIncomeLoss
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CY2024Q3 PROP Stock Issued During Period Value Acquisition Net Of Issuance Costs
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CY2024Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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StockholdersEquity
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CY2023Q2 PROP Stock Issued During Period Value Conversion Of Membership Interest
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CY2023Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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StockIssuedDuringPeriodValuePurchaseOfAssets
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StockIssuedDuringPeriodValueOther
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CY2023Q3 PROP Stock Issued During Period Value Reclassification1
StockIssuedDuringPeriodValueReclassification1
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2023Q3 PROP Stock Issued During Period Value Reclassification2
StockIssuedDuringPeriodValueReclassification2
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CY2023Q3 PROP Stock Issued During Period Value Issuance Of Obligation Shares
StockIssuedDuringPeriodValueIssuanceOfObligationShares
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CY2023Q3 PROP Stock Issued During Period Value Reclassification3
StockIssuedDuringPeriodValueReclassification3
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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PROP Noncash Sepa Commitment Fee
NoncashSepaCommitmentFee
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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PROP Loss On Adjustment To Fair Value Warrant Liabilities
LossOnAdjustmentToFairValueWarrantLiabilities
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PROP Loss On Adjustment To Fair Value Ar Debentures
LossOnAdjustmentToFairValueArDebentures
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PROP Gains Losses On Adjustment To Fair Value Obligation Shares
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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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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PROP Deposit On Nickel Road Asset Purchase
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PROP Return Of Nickel Road Asset Purchase Deposit
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us-gaap Payments For Proceeds From Investments
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us-gaap Payments To Acquire Other Property Plant And Equipment
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PROP Payments To Acquisition Of Unproved Oil And Natural Gas Properties
PaymentsToAcquisitionOfUnprovedOilAndNaturalGasProperties
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PROP Cash Received From Sale Of Cryptocurrency Miners
CashReceivedFromSaleOfCryptocurrencyMiners
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PROP Cash Received From Payment On Note Receivable Related To Sale Of Cryptocurrency Miners
CashReceivedFromPaymentOnNoteReceivableRelatedToSaleOfCryptocurrencyMiners
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PROP Transaction Expenses Paid Related To Nickel Road Asset Purchase
TransactionExpensesPaidRelatedToNickelRoadAssetPurchase
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us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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OtherPaymentsToAcquireBusinesses
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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PROP Proceeds From Issuance Of Subordinated Promissory Note
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PROP Proceeds From Issuance Of Series D Preferred Stock And Warrants
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us-gaap Proceeds From Issuance Of Warrants
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us-gaap Payments Of Financing Costs
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us-gaap Repayments Of Long Term Debt
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q3 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 Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 PROP Working Capital
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zYgi4HHC8ti5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_867_zslAGQeZcBDl">Concentration of Credit Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s financial instruments, which consist of cash and cash equivalents, are potentially subject to concentrations of credit risk. The Company places its cash with high quality financial institutions and at times may exceed the FDIC $<span id="xdx_903_eus-gaap--CashFDICInsuredAmount_iI_c20240930_zQJKiRQNEgWk" title="Cash, FDIC insured amount">250,000</span> insurance limit. 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15029018 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25075964 shares
PROP Common Stock Issued Upon Conversion Of Series D Preferred Stock
CommonStockIssuedUponConversionOfSeriesDPreferredStock
6170450 usd
PROP Common Stock Issued Upon Conversion Of Series E Preferred Stock
CommonStockIssuedUponConversionOfSeriesEPreferredStock
20000000 usd
PROP Capital Expenditures Included In Accrued Liabilities
CapitalExpendituresIncludedInAccruedLiabilities
-4717644 usd
PROP Proceeds From Senior Convertible Note Issuance Not Yet Received Net Of Original Issuance Discount1
ProceedsFromSeniorConvertibleNoteIssuanceNotYetReceivedNetOfOriginalIssuanceDiscount1
14250000 usd
PROP Proceeds From Subordinated Note Issuance Not Yet Received
ProceedsFromSubordinatedNoteIssuanceNotYetReceived
2000000 usd
PROP Common Stock Issued For Sepa Commitment Fee
CommonStockIssuedForSepaCommitmentFee
600000 usd
PROP Cryptocurrency Mining Equipment And Deposits Acquired In Merger
CryptocurrencyMiningEquipmentAndDepositsAcquiredInMerger
20760560 usd
PROP Secured Convertible Debentures Assumed In Merger
SecuredConvertibleDebenturesAssumedInMerger
1981000 usd
PROP Sba Loan Payable Acquired Assumed In Merger
SbaLoanPayableAcquiredAssumedInMerger
150000 usd
PROP Membership Interests Converted Into Shares Of Common Stock
MembershipInterestsConvertedIntoSharesOfCommonStock
-606705 usd
PROP Common Stock Issued At Merger
CommonStockIssuedAtMerger
9928262 usd
PROP Series D Preferred Stock Issued At Merger
SeriesDPreferredStockIssuedAtMerger
3209196 usd
PROP Common Stock And Warrants Issued In Exok Option Acquisition
CommonStockAndWarrantsIssuedInExokOptionAcquisition
7289492 usd
PROP Common Stock Issued In Satisfaction Of Share Issuance Obligation
CommonStockIssuedInSatisfactionOfShareIssuanceObligation
2006741 usd
PROP Deferred Transaction Costs Capitalized To Oil And Natural Gas Properties
DeferredTransactionCostsCapitalizedToOilAndNaturalGasProperties
189031 usd
PROP Deferred Transaction Costs Associated With Financing
DeferredTransactionCostsAssociatedWithFinancing
519533 usd
us-gaap Interest Paid Net
InterestPaidNet
57101 usd
CY2024Q1 us-gaap Cash
Cash
1000000.0 usd
CY2024Q1 us-gaap Deferred Revenue Refund Payments1
DeferredRevenueRefundPayments1
1000000.0 usd
CY2024Q1 PROP Cryptocurrency Mining Description
CryptocurrencyMiningDescription
(a) 20% of the monthly net revenues received by the buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals $250,000 and (b) thereafter, 50% of the monthly net revenues received by the buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals the Deferred Purchase Price, plus accrued interest, (collectively, the “Crypto Sale”).
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
500000 usd
CY2024Q3 us-gaap Other Receivable Allowance For Credit Loss Noncurrent
OtherReceivableAllowanceForCreditLossNoncurrent
200000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1100000 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
322655 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
3182307 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
3504962 usd
CY2023Q3 PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Revenue
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningRevenue
457951 usd
PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Revenue
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningRevenue
192625 usd
PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Revenue
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningRevenue
637269 usd
CY2023Q3 PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Costs
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningCosts
209929 usd
PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Costs
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningCosts
55063 usd
PROP Disposal Group Including Discontinued Operation Cryptocurrency Mining Costs
DisposalGroupIncludingDiscontinuedOperationCryptocurrencyMiningCosts
303172 usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
425468 usd
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
102210 usd
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
558319 usd
PROP Disposal Group Including Discontinued Operation Impairment Of Cryptocurrency Mining Equipment
DisposalGroupIncludingDiscontinuedOperationImpairmentOfCryptocurrencyMiningEquipment
16794688 usd
PROP Disposal Group Including Discontinued Operation Loss From Sale Of Cryptocurrency Mining Equipment
DisposalGroupIncludingDiscontinuedOperationLossFromSaleOfCryptocurrencyMiningEquipment
-1080097 usd
CY2023Q3 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
177446 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
1044745 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
17018910 usd
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-177446 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1044745 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-17018910 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
900000 usd
CY2023Q2 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
3000000.0 usd
CY2023Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
2032696 usd
CY2023Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15170154 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
42360 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
8014 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
63795 usd
CY2023Q2 PROP Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Mining Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMiningEquipment
18140874 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
2928138 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
3352389 usd
CY2023Q2 PROP Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Convertible Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesConvertibleLiability
1981000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
150000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
529638 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
15170154 usd
CY2024Q3 us-gaap Share Price
SharePrice
8.76
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0352 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.690 pure
CY2024Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
42061414 usd
CY2023Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
28705404 usd
CY2024Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
42061414 usd
CY2023Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
28705404 usd
CY2024Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
42061414 usd
CY2023Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
28705404 usd
CY2024Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
93849 usd
CY2024Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
711 usd
CY2024Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
93138 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
42154552 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28705404 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
9221754 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2295575 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
7399125 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
200641 usd
CY2024Q3 PROP Incentive Compensation
IncentiveCompensation
5031471 usd
CY2023Q4 PROP Incentive Compensation
IncentiveCompensation
1925191 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
893115 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
953087 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
22545465 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
5374494 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
15000000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
750000 usd
CY2024Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
14250000 usd
CY2024Q3 PROP Subordinated Promissory Note
SubordinatedPromissoryNote
5000000 usd
CY2024Q3 PROP Fair Value Adjustment From Subordinated Promissory Note
FairValueAdjustmentFromSubordinatedPromissoryNote
281414 usd
CY2024Q3 us-gaap Subordinated Debt
SubordinatedDebt
5281414 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1063659 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
155253 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1052827 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
135706 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.102 pure
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
50654 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
140579 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
25200 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
3196 usd
us-gaap Variable Lease Cost
VariableLeaseCost
9588 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
53850 usd
us-gaap Lease Cost
LeaseCost
175367 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
247493 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
327011 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
235919 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
219725 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
224400 usd
CY2024Q3 PROP Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
114537 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1369085 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
316258 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1052827 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
131650 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1019744 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 PROP Non Compensatory Options To Purchase Membership Interest
NonCompensatoryOptionsToPurchaseMembershipInterest
0.40 pure
CY2022Q3 PROP Purchase Of Non Compensatory Options
PurchaseOfNonCompensatoryOptions
1000000 usd
CY2022Q3 PROP Sale Of Non Compensatory Options
SaleOfNonCompensatoryOptions
80000 usd
CY2022Q3 PROP Restricted Options Exercisable Increments Percentage
RestrictedOptionsExercisableIncrementsPercentage
0.25 pure
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day One
BarrelsOfOilEquivalentPerDayOne
2500 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Two
BarrelsOfOilEquivalentPerDayTwo
5000 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Three
BarrelsOfOilEquivalentPerDayThree
7500 boed
CY2022Q3 PROP Barrels Of Oil Equivalent Per Day Four
BarrelsOfOilEquivalentPerDayFour
10000 boed
CY2023Q2 PROP Stock Issued During Period Shares Non Compensatory Options Acquire
StockIssuedDuringPeriodSharesNonCompensatoryOptionsAcquire
8000000 shares
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.25
PROP Stock Issued During Period Value Options Are Subject To Be Ttransferred
StockIssuedDuringPeriodValueOptionsAreSubjectToBeTtransferred
2000000 usd
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7500000 shares
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
173763 usd
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
173763 usd
CY2024Q3 PROP Common Stock Voting Rights Thresold Percentage
CommonStockVotingRightsThresoldPercentage
0.299 pure
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001493152-24-044178.txt Edgar Link pending
0001493152-24-044178-xbrl.zip Edgar Link pending
ex10-12.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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prop-20240930.xsd Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable