Quarterly report [Sections 13 or 15(d)]

Interest in oil and gas royalties (Tables)

v3.25.2
Interest in oil and gas royalties (Tables)
6 Months Ended
Jun. 30, 2025
Extractive Industries [Abstract]  
Schedule of activity related to royalty interests

The following table summarizes activity related to the royalty interests at June 30, 2025 and December 31, 2024:

   

    June 30,
2025
    December 31,
2024
 
Beginning balance(1)   $ 1,369,899     $ -  
Additions     -       -  
Amortization     (34,756 )     -  
Impairment     -       -  
Ending balance   $ 1,335,143     $            -  

 

(1) The beginning balance reflects the Company’s total royalty interest acquisitions as of June 30, 2025. A total of $1,369,899 royalty interests had been acquired as of March 31, 2025.